General Ledgers Accounting & Tax Services, Inc.

General Ledgers Accounting & Tax Services, Inc. General Ledgers is an accounting firm in Brighton, Co. that specializes in tax return filing and planning for individuals and businesses. We're here to help.

Our company specializes in accounting and tax preparation services for a wide variety of clients. We specialize in: Tax return filing and tax planning for individuals, Accounting and financial statements for small businesses, Partnership tax return filing and Corporate tax return filing. Annual participation in Continuing Professional Education courses offered by local chapters of national accounting and tax associations keeps our firm on the leading edge of ever-changing tax laws and accounting methods. Computerized offices and internet access ensures clients accurate, efficient, state-of-the-art service at a competitive price. Visit the Services area of our site to learn more about the many accounting and tax services available to individuals and businesses. Visit the Contact Us page for information regarding how to reach us via telephone, fax, e-mail or mail. Feel free to contact the office anytime.

We’re more than just tax and accounting professionals. We’re your partners in business growth. Beyond preparing your tax...
10/05/2026

We’re more than just tax and accounting professionals. We’re your partners in business growth. Beyond preparing your tax returns and keeping your books in order, we can help you improve cash flow, safely plan for expansion and make smarter financial decisions. Let’s talk about how our advisory services can strengthen your strategic planning, streamline operations, and uncover new opportunities for long-term growth and success. Call us today at (303) 659-4013 to schedule a consultation.

Does your business hold intangible assets? Intangibles are nonphysical, long-term resources that can add significant val...
10/01/2026

Does your business hold intangible assets? Intangibles are nonphysical, long-term resources that can add significant value to a business. Examples include copyrights, licenses and customer lists. The tax implications can be complex. IRS regulations require the capitalization of costs to 1) acquire or create intangibles; 2) create or enhance a separate, distinct intangible; 3) create or enhance a future benefit identified in IRS guidance as capitalizable; or 4) facilitate the acquisition or creation of intangibles. Capitalized costs can’t be fully deducted in the year paid or incurred. They generally must be ratably deducted over the asset’s life. Questions? We’re here to help. Call us at (303) 659-4013.

There are several benefits to having an estate plan. It can protect your wealth while giving you peace of mind that your...
09/30/2026

There are several benefits to having an estate plan. It can protect your wealth while giving you peace of mind that your assets will be distributed according to your intentions. In addition, it can save taxes, minimize legal complications and family disputes, and reduce expenses for your heirs. Do you have young children? An estate plan is a must so you can name guardians for them in the event of your untimely death. If you’re ready to begin your estate planning journey, or if you’d like us to review your current plan, contact us at (303) 659-4013.

If you work remotely and split your time between two states during the year, it can create state tax issues. A state wit...
09/29/2026

If you work remotely and split your time between two states during the year, it can create state tax issues. A state with an income tax generally can tax all income of its residents and income earned within its borders by nonresidents. Residency rules vary but may consider your domicile, days spent in the state and whether you maintain a home is there. Your domicile is generally your true, fixed, permanent home — the place you intend to return to. Some states may treat you as a resident for income tax purposes if you maintain a home and spend a specified number of days there. Contact us at (303) 659-4013 to review your situation and help determine whether you may have tax obligations in more than one state.

IRS penalties can add up quickly. Fortunately, some taxpayers may qualify for penalty relief. There are three main types...
09/28/2026

IRS penalties can add up quickly. Fortunately, some taxpayers may qualify for penalty relief. There are three main types of relief: 1) first-time penalty abatement for taxpayers with a strong compliance history, 2) reasonable cause relief for situations such as serious illness or natural disasters, and 3) statutory exceptions. These exceptions generally apply to penalties resulting from erroneous written IRS advice or to taxpayers affected by certain federally declared disasters or involved in military combat-zone operations. If the IRS has assessed a penalty on your account, contact us at (303) 659-4013. We can help determine whether you qualify for penalty relief.

Payroll administration can be challenging for small business owners — and errors can be costly. Common trouble spots inc...
09/24/2026

Payroll administration can be challenging for small business owners — and errors can be costly. Common trouble spots include incorrect withholding, late tax deposits, and failure to include taxable bonuses, awards or fringe benefits in employees’ wages. Mistakes can happen even with payroll software or an outside payroll provider. Reducing your risk requires two things: formal review procedures to identify problems quickly and prompt action to correct them. We can help you comply with your payroll tax obligations. Contact us at (303) 659-4013 if you discover a payroll error or have questions about the applicable rules.

Running a successful business requires more than keeping up with the day-to-day. It also requires taking time to evaluat...
09/23/2026

Running a successful business requires more than keeping up with the day-to-day. It also requires taking time to evaluate your financial position, identify opportunities and plan for what’s ahead. Whether you need assistance with accounting, bookkeeping, tax planning or strategic business advice, we can help you gain clarity. Our team provides practical guidance tailored to your specific needs, so you can focus on running and growing your business. Contact us at (303) 659-4013 to learn more.

Many individuals invest in real estate to help diversify their portfolio, create an income stream for themselves from re...
09/22/2026

Many individuals invest in real estate to help diversify their portfolio, create an income stream for themselves from rental income and build net worth over time. Income and losses from investment real estate are considered passive by definition — unless you’re a real estate professional. Even then, you generally must “materially participate” in a rental activity for it to be treated as nonpassive. Why is this important? Passive income may be subject to the 3.8% net investment income tax on top of any income tax otherwise due, and passive losses are deductible only against passive income, with the excess carried forward. Call us at (303) 659-4013 to discuss tax planning for your investment real estate.

If you’re thinking about financing a new vehicle, you may be able to deduct up to $10,000 per year of interest paid. The...
09/21/2026

If you’re thinking about financing a new vehicle, you may be able to deduct up to $10,000 per year of interest paid. The deduction is available for certain personal auto loans originated after Dec. 31, 2024 — even if you don’t itemize deductions. Modified adjusted gross income (MAGI) limits apply, and only qualifying vehicles assembled in the U.S. are eligible. Before purchasing, consider whether eligibility for the deduction should factor into your vehicle choice. We can help run the numbers. Call us at (303) 659-4013.

To attract and retain skilled workers, your small business needs to offer more than competitive pay. Your benefits packa...
09/17/2026

To attract and retain skilled workers, your small business needs to offer more than competitive pay. Your benefits package matters, too. Tax-free fringe benefits may be especially valuable to employees. Examples include many types of insurance (health, disability, long-term care and life), assistance plans (dependent care, adoption and educational) and transportation benefits, subject to certain limits. The One Big Beautiful Bill Act also changed some fringe-benefit tax rules for 2026 and beyond. Open enrollment is right around the corner for many businesses. As you review your 2027 benefits package, contact us at (303) 659-4013 for help evaluating your offerings and fine-tuning them as needed.

Address

517 S 4th Avenue
Brighton, CO
80601

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm

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