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Business Taxation Wise Counsel. Strong Advocacy. Peace of Mind.

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Tax Guidance for Businesses

Running a successful business requires owners to manage many moving parts, including issues of taxation that can critically impact profitability and long-term growth. For businesses, the tax landscape is particularly intricate due to the interplay of federal, state, and local tax laws. As such, a sound tax strategy requires businesses to take a comprehensive approach to compliance, liability mitigation, and everything in between.

At The Harris Law Firm, we’re proud to offer businesses of all sizes the experienced, insight-driven counsel they need to protect their interests, grow, and prosper. Our business tax attorneys have helped hundreds of companies across a range of industries save millions of dollars in taxes through proactive planning and reactive defense and negotiation. Whether you’re looking to start and build a business or need support for an audit or collections matter, we can help.

If you have questions about our business taxation services or wish to discuss a tax-related matter with a member of our team, we’re here to help. Call (303) 622-5502 or contact us online to request a FREE and confidential consultation.

Understanding Business Tax Obligations

Businesses encounter a range of tax obligations that can vary widely depending on the industry, structure, and operations of the business. Failure to properly address these obligations can result in audits, penalties, and other legal complications. Key tax issues include:

  1. Corporate and Business Income Taxes: All businesses, whether organized as C-corporations, S-corporations, partnerships, or sole proprietorships, must report income and file taxes. Colorado imposes a flat corporate income tax rate of 4.4%, but federal tax obligations can vary significantly depending on your business structure. For example, S-corporations and LLCs are pass-through entities, meaning profits are taxed at the individual level, while C-corporations face double taxation on corporate income and dividends. Understanding these differences and selecting the appropriate business structure is crucial for minimizing tax liability.
  2. Sales and Use Taxes: Colorado imposes a base state sales tax of 2.9%, but local jurisdictions often add additional sales and use taxes, resulting in rates that can vary significantly across the state. Businesses that sell goods or taxable services must navigate this patchwork of tax rates, along with ensuring compliance with both state and local reporting requirements. Ensuring accurate sales tax collection and remittance is vital for avoiding penalties and audits.
  3. Employment Taxes: Employment taxes are another major area of concern for businesses with employees. This includes not only federal payroll taxes (Social Security, Medicare, and federal unemployment tax) but also state-level requirements. In Colorado, businesses must contribute to the state unemployment insurance (UI) program, as well as the Family and Medical Leave Insurance (FAMLI) program, which provides paid leave benefits to employees. Mismanagement of payroll taxes can lead to serious legal consequences, including personal liability for business owners.
  4. Excise and Industry-Specific Taxes: Some businesses, particularly those in specialized industries, may be subject to excise taxes. For example, businesses involved in the sale of alcohol, tobacco, or fuel must comply with both federal and state excise tax laws. Cannabis businesses face unique tax challenges due to federal restrictions, making compliance even more complex. These industry-specific taxes require careful attention to detail and strategic planning to ensure compliance.
  5. Property Taxes: Businesses that own real property in Colorado are subject to property taxes, which are assessed at the local level. Property taxes can also apply to personal property used in business operations, such as machinery, equipment, and other assets. Ensuring accurate valuation and assessment is critical for minimizing your property tax liability. Although property taxes have what is known as “super priority,” and there are limitations with respect to objecting to or negotiating these tax liabilities, proactive planning with respect to addressing these obligations can be vital.
  6. Franchise Taxes: Certain businesses, particularly corporations and LLCs, may be subject to franchise taxes or fees that are assessed based on their business activities within the state. Understanding these additional taxes and ensuring compliance is important for businesses operating across multiple jurisdictions.

The Harris Law Firm Difference

WE CARE ABOUT OUR CLIENTS, OUR TEAM, & OUR COMMUNITY

Since 1993, our commitment has been to provide the best possible client outcomes through compassionate and effective representation. If you are facing a divorce or related family law matter, estate planning or tax issue, please contact our helpful, compassionate, and understanding attorneys to request a legal evaluation or you can submit your information to ask a legal question. We look forward to helping you!

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  • Our Team

    We’ve built a culture of collaboration, mutual respect, and shared success. Our attorneys and staff are empowered to grow, supported in their work, and united by a common goal: helping clients move forward with clarity and confidence. Behind every case is a team that brings insight, integrity, and care to everything they do.

  • Our Clients

    We work with people facing some of life’s most consequential decisions, and we take that responsibility seriously. From day one, we provide thoughtful counsel, clear communication, and a legal strategy tailored to the person, not just the problem. Every case is different, but our commitment to client-centered service never wavers.

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  • I would 100% utilize their services again
    “In early 2025 I found myself in a situation where I needed a competent and experienced tax attorney. Having had no prior experience in this area, I turned to google to do some research. Harris Law Firm came up as one of the top firms in the area. I narrowed my prospect list down to three local firms and set up a consultation call with each, to see who I felt could best serve and support my needs. Without a doubt, the initial conversation I had with Steve Cizik at Harris Law far exceeded the other consultations. I hired Steve within 48 hours and never looked back. Steve and his paralegal Jacqueline Sexson have been so easy to work with. They are incredibly knowledgeable and informative. They entertained all of my questions, and I had a lot! They explained in great detail what the process would look like and set my expectations appropriately. They were timely, thorough and detailed in their correspondence with me and always interacted in a way that gave me great confidence (and hope) in their ability to get an outcome we would all be happy with. That outcome came on January 23, 2026 and it couldn't have been any better. To say I am relieved is an understatement. I would 100% utilize their services again, although I'm hoping I never need to! And I would highly recommend them to anyone who needs an expert in navigating tax issues. I'm beyond grateful! Thank You Steve + Jackie”
    - Debi
  • They were sensitive, responsive and available when I needed them.
    “I hired Carolyn and Steve to help me with issues surrounding a contract relating to the sale of some real estate, after we had a death in our family. This situation was uniquely complicated and very time sensitive. I could not have imagined having a better experience than the one I had with the team at Harris Law Firm. They handled the matter professionally and with the urgency it required and made it extremely easy to work with them. They were sensitive, responsive and available when I needed them. The outcome we were able to obtain was the best possible outcome that could have happened for all parties involved and it saved me and my family a lot of money. Carolyn’s work was with me directly and she was able to executed the document I requested from her very quickly for me. Steve had to communicate with third parties on my behalf and everyone who interacted with him through this process ranted and raved about how great it was to work with him. I have already had my realtors brokerage reach out to request the information for the attorneys we used at Harris Law Firm, because they were impressed. I would recommend them to anyone and I will reach out to them again if I am in need of their services in the future. 10/10.”
    - EE
  • I worked with three previous firms before I found Steve and Victoria
    “I highly recommend Harris Law Firm, Victoria Mall and Steve Cizik. The service quality was truly exceptional. I worked with three previous firms before I found Steve and Victoria. They were very professional, patient with my concerns and tax issues. Heaven could not have sent me a better Team. Dealing with the IRS can very stressful, but Victoria Mall and Steve Cizik have been a pleasure to work with. Thank you both from the bottom of my heart!!!”
    - Priscilla