5 Tips to Help Your Business

Closeout 2016 right and prepare for 2017 with these tips for your business:

Download metrics. Run reports on Google Analytics and your point of sale system to spot trends and identify goals you’d like to capitalize on this next year.

Make charitable contributions. Tax code is sure to change in 2017. Check with your CPA to see if it might benefit you to maximize your 2016 donations.

Pay 2017 expenses in advance. Use some of your extra cash to pay things like rent, travel, and conference fees now so you can decrease your tax liability for 2016.

Plan your first campaign of 2017. Even if you only outline an idea, set the groundwork for your first marketing push of the year.Update security features. One credit card breach can take down your business. Make sure all software is up-to-date and EMV compliant.

Ken Salazar
President and CEO, SilverEdge
4065 Saint Cloud Drive, Loveland

Thought Leaders

Showcase your industry expertise with Thought Leaders monthly feature

Here’s How It Works

-You choose a question that is pertinent to BizWest readers

-You answer the question in the form of a column

-Your photo, logo and contact information appears in the ad

-Limit of six advertisers (two pages running in different issues each month)

Over 72% of our readers are in top management positions and make corporate decisions using BizWest special supplements and directories to make those decisions. Your advertising message will be seen by hundreds of potential customers, all of whom have the influence to use your products or services. Your investment with an annual agreement also gets you TWO FREE Half-page ads with color that will appear on the bottom half of the page. In addition, your message will be featured in a text box ad twice in a two-week period in a Business Report Daily e-newsletter. Over 10,000 readers subscribe to the Business Report Daily. Users will click on the headline and go to a landing page that shows the entire full page ad. Then they can click on your website address and it links them to your web site.

550 E. Harmony Road, 2nd floor
Fort Collins, CO 80527970-232-31444


Craft Brewery Safety

With the continued growth in the craft brewery industry, it is critical that a increased focus is placed on safety and the development of a safety culture. Recently, there has been an increased presence from OSHA in setting and enforcing new safety and health requirements in all industries; the craft brewery industry is not an exception. There are several key elements that a brewery can include in their safety program to improve or enhance their overall safety culture. Below are a few examples to help protect yourself and your employees:

Personal Protective Equipment: Incorporate protective clothing, helmets, goggles and equipment designed to protect the wearer’s body from injury or infection.
Confined Space Training: Establish protocols, procedures and provide continued training to employees who enter confined brewery spaces.
Fall Protection: Proper tie-off techniques and specialized equipment will help keep employees safe.Partnering with the right safety professional can help you navigate and reduce your exposures.

Nick Roe
Sales Executive


Donald Trump’s Tax Plan

President-Elect Donald Trump will be inaugurated on January 20, 2017. One of his expected first acts as President will be to move forward with tax reforms to simplify the U.S. Internal Revenue Code and lower tax rates for individuals and businesses. Proposed business tax reforms include cutting the corporate income tax rate from 35 percent to 15 percent and taxing pass-through businesses, i.e., S-corporations and partnerships, at a 15 percent rate. Proposed individual tax reforms closely follow reducing the top marginal income tax rate from 39.6 percent to 25 percent and creating a zero percent tax bracket. His proposed tax reform also eliminates the often misunderstood Alternative Minimum Tax. It is not certain all of his proposed reforms will become law, but significant reforms could benefit most U.S. taxpayers. ACM is available to help you monitor the changing tax environment and tak

Christine Ludwig, CPA
Senior Tax Manager

Health Care

Providers Accepting Medicare Assignment Means Lower Costs

To “accept assignment” means your doctor, provider, or supplier agrees to accept the Medicare-approved amount as full payment for covered services. If they do not accept assignment, they are called non-participating providers. Non-participating providers have not signed an agreement to accept assignment for all Medicare-covered services.

They can still choose to accept assignment for individual services. If your doctor, provider, or supplier does not accept assignment, you might have to pay the entire charge at the time of service. The non-participating providers can charge you more than the Medicare-approved amount, but there’s a “limiting charge”. The provider can only charge you up to 15% over the amount that non-participating providers are paid. Non-participating providers are paid 95% of the Medicare fee schedule amount. The limiting charge applies only to certain Medicare-covered services and does not apply to some supplies and durable medical equipment.

Columbine Medical Equipment accepts assignment with Medicare.

Heather McNeill
General Manager
Columbine Medical Equipment
802 W. Drake Road, Suite 123
Fort Collins, CO 80526
1455 Main Street
Windsor, CO 80550


Should I Look for Environmental Issues Prior to Completing My Real Estate Transaction?

When purchasing (often even leasing) commercial or industrial property, the answer is usually yes. Environmental issues take various forms, such as soil and groundwater contamination, mold or asbestos on structures, or the presence of wetlands or endangered species. They can even emanate from neighboring properties.

The context of the property and its intended use inform the nature of the environmental review. Often used is a Phase I Assessment, where a qualified consultant conducts a non-invasive evaluation of the property designed primarily to help protect against liability arising from contamination. It can also identify environmental issues that might render the property unsuitable for intended uses. For some properties however, a lesser screen may suffice.

Environmental issues need not be a deal killer — just identified and accounted for before closing. A knowledgeable environmental attorney can help a client define the proper scope of the investigation, and work with the consultant to meet the unique needs of the transaction at hand.

John Kolanz
2725 Rocky Mountain Avenue, Suite 320,
Loveland 970-663-7300