The Colorado Society of CPAs supports its members in providing quality professional services to serve the public interest.

Have you been thinking about the future of your firm, succession planning, and grooming the next generation to become leaders? If you missed this year’s conference, Buying, Selling, Merging, Advancing, Retiring: Planning for You and Your CPE Firm’s Future, click to order a video of the conference now!

IRS issues regs and guidance on disclosure of taxpayer information
Just as tax season is about to begin, the Internal Revenue Service has amended the rules under section code 7216 on when return preparers may disclose taxpayers' return information and provided guidance to preparers on issues that arise in a number of common scenarios, including informing clients of tax law changes and sending them newsletters. Read about the amended rules in the Journal of Accountancy.

The CSCPA's financial statements as of April 30, 2009 and independent auditors' report is available as a pdf.

On October 15, FASB reconsidered the scope of the effective date deferral for private companies for FIN 48 (Financial Interpretation No. 48, Accounting for Uncertainty in Income Taxes). The effective date has now been deferred for all private companies until fiscal years beginning after December 15, 2008, i.e. until 2009 for calendar-year companies.

An easy-to-use list of all states can be found at http://www.taxadmin.org/fta/link/forms.html. Forms and publications are downloadable in pdf format.

Again this year, we've arranged with CCH to provide the 2010 Master Tax Guide, 2010 Guidebook to Colorado Taxes, 2010 Internal Revenue Code, 2010 Income Tax Regulations, and other CCH publications to CSCPA members at significantly reduced rates. Your guide(s) will be shipped directly from CCH.

These individuals have applied for CSCPA membership. Comments should be received by March 31, 2010.