NoCo CPAs
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4025 Automation Way #D1 (Map)
Fort Collins, CO 80525
Phone: 970-226-4686

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Santa is Mad at Congress

Posted on December 21, 2011 by Leasa Magnuson in Business Tax, Individual Tax

Santa has never been political but if Congress’ doesn’t make some difficult decisions soon and cut some government sponsored programs and increase some taxes he is going to pull all his white hair out and retire to a deserted island somewhere, never to deliver toys again.  All the indecision makes it difficult for him to […]

View Post Confusing Tax Code, Payroll Taxes, Section 179, Year End Tax Planning

Small Business Jobs Act of 2010 Might Stimulate the Economy

Posted on October 20, 2010 by Leasa Magnuson in Business Tax

One of the worries this year for small businesses was the Section 179 expense of $250,000 was to “sunset” and revert back to $25,000 for 2011. Items that are purchased to be used in business that have a life of more than one year are considered capital assets and have to be “capitalized” and a […]

View Post Section 179, Small Business Jobs Act 2010

Recent Posts

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    June 11, 2014
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    March 20, 2013
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    March 8, 2013

Testimonials

Leasa Magnuson was there when we needed her.

An unexpected audit on our returns was triggered by an unfortunate investment loss. All of the horror stories we had heard about came to the top of our minds and the adrenaline started pumping. We had never been through an IRS audit and didn’t know what to expect. We gathered all of the information requested. Leasa reviewed what we had, suggested a few more items and then we dropped off the requested supporting documents to the IRS several days prior to the audit. Promptly at 9:00 a.m. on audit day Leasa was there to support me and answer the grueling questions I was sure would come from the investigator.

Before we had a chance to take the hot seats in the investigator’s office, we were told that they had reviewed our documentation and we were given a "no change" verdict – which means everything checked out. We were free to leave.

I am confident Leasa’s council, review, and organization of our documentation and giving the IRS advanced time to review the information led to the positive outcome.

We are very lucky to have her on our team and will continue to use Leasa in the future.

Anita & Mike Kelly

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4025 Automation Way #D1 (Map), Fort Collins, CO 80525 - Phone: 970-226-4686