Alan Smith, Author at Colorado Builder Magazine

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Understanding economic nexus and how it impacts construction companies

There are 70 home-rule cities in Colorado and many have agreed to participate in the Colorado Department of Revenue’s SUTS

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Business Management Capital and Finance

Revisiting construction equipment use tax and equipment declarations

May 10, 2021 Alan Smith 139 Views 0 Comments sales tax, Spring 2021, tax planning, use tax

Contractors may be eligible for prorated taxes in Colorado’s home-rule cities, but they must make declarations before work begins.

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Business Management Green Building

Renewable energy sales and use tax exemptions for builders

January 15, 2021February 16, 2021 Alan Smith 146 Views 0 Comments sales tax, Winter 2020

If their homebuyers make the shift to renewable energy, builders may benefit from these renewable energy tax exemptions.

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Business Development Business Management

How sales tax mistakes hurt contractors’ bottom lines

November 27, 2020November 27, 2020 Alan Smith 231 Views 0 Comments sales tax, tax planning

Sales and use tax mistakes come with costly pitfalls. What are the risks of incorrectly assessing, collecting or remitting sales

If the equipment was previously purchased and delivered to an unincorporated county area or into a city with a lower tax rate, use tax on a difference may be due. (Photo: Lukasz Jaskowiak, Dreamstime.com)

Build Capital and Finance Tools and Equipment

Avoiding additional use tax with equipment declarations

July 8, 2020July 6, 2020 Alan Smith 512 Views 0 Comments tax planning, taxes

As a contractor, you probably use and move equipment around in multiple home-rule cities in Colorado, often forgetting about equipment

How a contractor bills can impact taxability. (Photo: Dragonimages, Dreamstime.com)

Business Management Capital and Finance

Affordable housing—Sales and use tax complications

April 20, 2020April 21, 2020 Alan Smith 474 Views 0 Comments

As municipalities seek to encourage and incentivize developers to build affordable housing, there is an important but often missed issue