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Year in review: Accounting

In the accounting and tax sector, new repair regulations, safe harbor laws and Affordable Care Act compliance issues brought business owners scrambling to comply, keeping certified public accountants busy with research and aiding clients.   October 18 Repair regulations set to affect small business Burying your head in the sand won’t make the new federal… Continue Reading Year in review: Accounting

It took a depressed economy to convince some accountants to spread their financial planning wings. Continue Reading Branching out: CPAs venture into financial planning, wealth management

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At the height of the Waldo Canyon fire, the Care and Share Food Bank for Southern Colorado website was getting two or three cash donations per minute for fire relief efforts. In the midst of it all, someone sent in $50 for the children’s school “send hunger packing” program, where children get a backpack filled… Continue Reading Money flows into nonprofits; accountants track every penny

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Fountain wins award for financial report

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The city of Fountain was awarded a certificate of achievement for excellence in financial reporting by the Government Finance Officers Association of the United States and Canada. Fountain received the award for its comprehensive annual financial report. The certificate is the highest form of recognition in the field of governmental accounting and financial reporting. The… Continue Reading Fountain wins award for financial report

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If small business owners take some time this month to review their 2012 business and tax plans, it could mean a little more money in their pockets next year. Local accountants and small business specialists are offering a few end-of-year tax tips. Stockman Kast Ryan accountant Cheryl Solze says keep first things first. “No matter… Continue Reading Accounting, small business experts offer yearend tips

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They’ve been called boring bean counters. They get asked if their favorite fashion accessories are green visors and pocket protectors. They are the butt of jokes on countless websites and their work traits are now slogans on T-shirt and coffee mugs. They are accountants. “I’m damn proud of it,” said Tad Goodenbour, certified public accountant… Continue Reading Accountants: Going beyond bean counting and pocket protectors

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A computer system considered the backbone of Colorado’s financial workings is outdated and could trigger a failure that would prevent critical governmental transactions, according to a report released Monday. A collapse of the Colorado Financial Reporting System, known as COFRS, would paralyze the state’s ability to perform several key functions, including processing checks to vendors… Continue Reading CO financial computer system has risk of failure

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The myth about what’s behind the numbers

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Economists and businesspeople alike claim that numbers tell all. You can hide a problem, you can rationalize around it, you can even pretend it isn’t there. By the end of the month or the quarter, the numbers will tell the truth, the whole, truth, and nothing but the truth — unless you cook the books.… Continue Reading The myth about what’s behind the numbers

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By Teresa Carson Savvy business executives don’t like to leave money on the table, but few are taking advantage of big tax breaks available to companies located in Enterprise Zones. The EZ program provides tax incentives to encourage businesses to locate, expand and invest in areas of the state that are designated “economically distressed.” The… Continue Reading Many businesses unaware of Enterprise Zone credits

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Accounting board changes asset rules

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WASHINGTON (AP) – The board that sets U.S. accounting standards on Thursday gave companies more leeway when valuing assets and reporting losses, providing a potential boost to battered banks’ balance sheets.The independent Financial Accounting Standards Board voted to adopt new guidelines under the so-called mark-to-market accounting rules, which require companies to value assets at prices… Continue Reading Accounting board changes asset rules

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