The firm of Sutton, Dowell & Co, LLC has been in the accounting business in southern Colorado for over 30 years, and is the successor firm to one of the oldest firms in southern Colorado. We have performed audit work for private companies, not for profit corporations and local governmental entities. We have advised retail, wholesale and manufacturing entities.
In 2001 we made a decision to discontinue audits, but have been assisting the above type of clients in preparing for their Certified Audits. With a background in Income Tax, the firm has prepared many types of returns and has advised several large and small business. The firm and its partners are members in good standing with the Colorado Society of Certified Public Accountants.
We have had our quality Peer Reviews and received an unqualified opinion as to our quality control, with no letters of comment. As a part of our quality control, all partners and staff accountants have completed all required continuing professional education.
In 2001 we made a decision to discontinue audits, but have been assisting the above type of clients in preparing for their Certified Audits. With a background in Income Tax, the firm has prepared many types of returns and has advised several large and small business. The firm and its partners are members in good standing with the Colorado Society of Certified Public Accountants.
We have had our quality Peer Reviews and received an unqualified opinion as to our quality control, with no letters of comment. As a part of our quality control, all partners and staff accountants have completed all required continuing professional education.
Services
Sutton, Dowell & Co, LLC provides a wide range of services to individuals and businesses in a variety of industries.
At Sutton, Dowell & Co, LLC, we strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment.
At Sutton, Dowell & Co, LLC, we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals.
At Sutton, Dowell & Co, LLC, we strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment.
At Sutton, Dowell & Co, LLC, we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals.
Sutton, Dowell & Co, LLC is a full-service accounting firm serving clients throughout the area, dedicated to providing our clients with professional, personalized services and guidance in a wide range of financial and business needs.
On this website, you will find information about Sutton, Dowell & Co, LLC, including our list of services.
We have also provided you with online resources to assist in the tax process and financial decision-making.
These tools include downloadable tax forms and publications, financial calculators, news and links to other useful sites.
On this website, you will find information about Sutton, Dowell & Co, LLC, including our list of services.
We have also provided you with online resources to assist in the tax process and financial decision-making.
These tools include downloadable tax forms and publications, financial calculators, news and links to other useful sites.
All communications between our firm and the user are encrypted using the Secure Socket Layer (SSL).
This is the same functionality used by banks and popular e-commerce services for secure communication.
We also store your files encrypted when they are at rest on our servers, adding an additional layer of security.
To protect against data loss, our servers are equipped with technology that automatically mirrors all data in real-time to two separate locations.
Regular incremental and full backups of all system data are performed, including off-site data backups stored in two separate secure physical locations, to protect against almost all disaster scenarios.
This is the same functionality used by banks and popular e-commerce services for secure communication.
We also store your files encrypted when they are at rest on our servers, adding an additional layer of security.
To protect against data loss, our servers are equipped with technology that automatically mirrors all data in real-time to two separate locations.
Regular incremental and full backups of all system data are performed, including off-site data backups stored in two separate secure physical locations, to protect against almost all disaster scenarios.
Have you just started a new business?
Did you know expenses incurred before a business begins operations are not allowed as current deductions?
Generally, these start up costs must be amortized over a period of 180 months beginning in the month in which the business begins.
However, based on the current tax provisions, you may elect to deduct up to $5,000 of business start-up and $5,000 of organizational costs paid or incurred.
The $5,000 deduction is reduced by any start-up or organizational costs which exceed $50,000.
Did you know expenses incurred before a business begins operations are not allowed as current deductions?
Generally, these start up costs must be amortized over a period of 180 months beginning in the month in which the business begins.
However, based on the current tax provisions, you may elect to deduct up to $5,000 of business start-up and $5,000 of organizational costs paid or incurred.
The $5,000 deduction is reduced by any start-up or organizational costs which exceed $50,000.
Following are some generally recognized financial planning tools that may help you reduce your tax bill.
Charitable Giving - Instead of selling your appreciated long-term securities, donate the stock instead and avoid paying tax on the unrealized gain while still getting a charitable tax deduction for the full fair market value.
Health Savings Accounts (HSAs) - If you have a high deductible medical plan you can open an HSA and make tax deductible contributions to your account to pay for medical expenses.
Charitable Giving - Instead of selling your appreciated long-term securities, donate the stock instead and avoid paying tax on the unrealized gain while still getting a charitable tax deduction for the full fair market value.
Health Savings Accounts (HSAs) - If you have a high deductible medical plan you can open an HSA and make tax deductible contributions to your account to pay for medical expenses.
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