Previous News Updates

WELLINGTON BOARD OF TRUSTEES CANDIDATE FORUM SCHEDULED

The League of Women Voters of Larimer County will host a forum for candidates running for the three open positions on the Town of Wellington Board of Trustees. The forum will be held on Zoom, on Monday, March 11, 2024, 6:30 – 8:00 p.m. Registration is necessary. Register at https://bit.ly/WellingtonCandidateForum2024.  

All active candidates have been invited to the forum and are expected to attend. They include Rebekka Dailey, Mario Quinonez, Ed Cannon, Lowrey Moyer, and Jon Gaiter. League member Lee Thielen will facilitate. Each candidate will have 90 seconds to introduce themselves. Then, each will be asked a series of questions and will have 60 seconds to respond to each of the questions. They will each have 60 seconds to issue a final statement at the close of the forum. 

The public may submit questions for the candidates up until noon on Monday, March 11, 2024.  Questions should be emailed to Vote@lwv-larimercounty.org.

A recording of the forum will be posted to the League website (lwv-larimercounty.org) a few days after the forum. 

Ballots will be mailed to voters in Wellington on March 11, 2024. The ballots must be returned by mail and postmarked by 7:00 p.m. on Tuesday, April 2, 2024.  For more details,  visit https://www.wellingtoncolorado.gov/458/Elections, or call the Wellington town clerk at 970-657-7285. 

To register to vote, or to make sure your registration is up-to-date, visit govotecolorado.gov.  

The League of Women Voters is a nonpartisan, grassroots organization of volunteers working to protect and expand voting rights and ensure everyone is represented in our democracy. For more information, visit lwv-larimercounty.org.

Several Sponsorship levels are available. This is a great event to showcase your business to over 75 people! Click on the flyer to learn more about our sponsorship packages or purchase tickets.

Thank you to our sponsors, Chairman Circle Investors, State Farm -Tanner Brown, TDS, and Kacygraphics!

Smokin' Cowboy

Acknowledgment to all attendees of the grand opening on Saturday, March 2nd, for our latest Chairman Circle Investor, Smokin’ Cowboy!

Smokin’ Cowboy presents a comprehensive drive-through facility, an automated kiosk system featuring an AI assistant for product suggestions, an in-store proficient product consultant, and Western art for your amusement! Kindly visit their location at 7840 6th Street in Wellington and peruse their online platform at https://thesmokincowboy.com/

Welcome to Wellington Smokin’ Cowboy!

Appreciation to all who joined us on Friday, March 8th to celebrate Grease Monkey's grand opening and ribbon cutting in Wellington. For your oil change needs, feel free to drop by and continue backing local businesses!

Stay connected with Grease Monkey on Facebook or explore their website at https://www.greasemonkeyauto.com/locations/us/co/

Wellington Area Chamber of Commerce extends a warm welcome to Grease Monkey.

New Federal Reporting Requirement for Beneficial Ownership Information (BOI)

As of January 1, 2024, many companies in the United States now have to report information about their beneficial owners, i.e., the individuals who ultimately own or control the company. They will have to report the information to the Financial Crimes Enforcement Network (FinCEN). FinCEN is a bureau of the U.S. Department of the Treasury. 

Who Has to Report?

Companies required to report are called reporting companies. Reporting companies may have to obtain information from their beneficial owners and report that

information to FinCEN. 

When Do I Report?

Reports are being accepted as of January 1, 2024.

• If your company was created or registered prior to January 1, 2024, you have until January 1, 2025, to report BOI.
• If your company was created or registered on or after January 1, 2024, and before January 1, 2025, you must report BOI within 90 calendar days after receiving actual or public notice that your company’s creation or registration is effective, whichever is earlier.
• If your company was created or registered on or after January 1, 2025, you must file BOI within 30 calendar days after receiving actual or public notice that its creation or registration is effective.
• Any updates or corrections to beneficial ownership information that you previously filed with FinCEN must be submitted within 30 days.

Learn More

The Colorado Department of Revenue has created the following wage withholding tax forms to help employers meet the new requirement of House Bill 23-1006.

DR 0995, Notice of Federal and State Refundable Tax Credits. This form provides the notice language that employers must provide to employees who receive a Colorado wage and tax statement (form W-2). Beginning with tax year 2023, employers must provide this language annually to each employee, either electronically or by print.

The Department has also updated the following wage withholding tax forms to account for changes to federal income tax deductions and to the Colorado Child Tax Credit in House Bill 23-1112.

• DR 0004, Colorado Employee Withholding Certificate. This form gives employees the option to adjust their Colorado wage withholding according to their specific tax situation. If an employee does not submit this form, the employer will calculate their withholding based on their federal withholding certificate, form W-4. Employees may update their withholding certificate for 2024, but they are not required to.
• DR 1098, Colorado Withholding Worksheet for Employers. This worksheet prescribes the method for employers to calculate Colorado wage withholding, based on the employee’s Colorado form DR 0004 or federal form W-4. Employers must begin using the updated calculation for pay periods beginning on or after January 1, 2024. 

For additional information and resources regarding Colorado withholding, go to Tax.Colorado.gov/Withholding-Tax.

U.S. Small Business Administration

Notice to PPP and COVID EIDL Borrowers in Default 

The U.S. Small Business Administration will begin referring defaulted PPP and COVID EIDL borrowers with loans under $100,000 to the U.S. Treasury Department and the Internal Revenue Service for collection beginning March 4, 2024.

What does this mean? 

Small business borrowers who are referred to Treasury and IRS for collection may face significant consequences, including: 

• Negative impact on credit scores; 
• Withholding of future state and federal tax refunds and any potential federal government funding (such as social security); and,
• Referral of your loan to private debt collectors to pursue repayment, who may use tactics like wage garnishment.   

What can borrowers do? 

If you have a PPP loan under $100,000, follow the instructions at www.sba.gov/PPPForgiveness to complete your PPP forgiveness application by March 3, 2024. If your lender is not participating in the SBA direct forgiveness portal, you will need to contact them directly. You can find a list of participating in the SBA direct forgiveness portal here.

If you have a COVID EIDL loan under $100,000, visit Manage your EIDL at SBA.gov.

Need assistance? Contact SBA at 877-552-2692.

This communication is not intended to collect outstanding debts from individuals or entities currently undergoing bankruptcy proceedings.