McMahan and Associates, LLC
Certified Public Accountants and Consultants
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McMahan and Associates, LLC. has provided professional services to clients throughout Colorado and the Rocky Mountain region for over forty five years.  The firms ownership consists of Paul Backes, Michael Jenkins, and Dan Cudahy who all joined the firm between 1992 and 1995.  As a result of the firm's growth and expertise, McMahan and Associates, L.L.C. has become the leader in providing accounting services throughout Colorado.

Our success has come from a belief in the value of relationships. We view every client relationship like a partnership, and truly believe that our success is a result of your success.

We are committed to providing close, personal attention to our clients. We take pride in giving you the assurance that the personal assistance you receive comes from years of advanced training, technical experience and financial acumen. Our continual investment of time and resources in professional continuing education, state-of-the-art computer technology and extensive business relationships is indicative of our commitment to excellence.

Our Mission Statement: We are committed to achieving professional excellence and will continually provide ethical, progressive, and responsive service to our clients.

                       

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GASB 67
Financial Reporting for Pension Plans - an amendment of GASB 25  ...
GASB 68
Accounting and Financial Reporting for Pensions - an amendment of GASB 27...
What Your CPA Firm Can Do For You
The Regional CPA Firm: Your Trusted Business Adviser...
GASB Statement 54
"Fund Balance Reporting and Governmental Fund Type Definitions"...
Income Tax Considerations for Condominium Associations
Condominium associations, which may include property owner associations, and time-share or interval ownership associations, are responsible for maintaining and preserving the association’s commo...
Tax legislation advances as filing season concludes successfully
Congress returned to work in April after a two week recess and the House immediately passed a slew of tax-related bills. In rapid succession, House lawmakers voted to repeal the federal estate tax, ma...
IRS reports decline in audit coverage following budget shortfalls
The IRS budget has suffered significant funding cuts to the past few fiscal year (FY) budgets. Most recently, IRS Commissioner John Koskinen told reporters that the IRS has been forced to absorb a $34...
Individuals can begin to prepare for the 2016 filing season
It is never too early to begin planning for the 2016 filing season, the IRS has advised in seven new planning tips published on its website. Although the current filing season has just ended, there ar...
How do I...Protect against tax-related identity theft?
The IRS expects to receive more than 150 million individual income tax returns this year and issue billions of dollars in refunds. That huge pool of refunds drives scam artists and criminals to steal ...
FAQ…do I need a receipt for every gift to charity
The IRS requires that taxpayers substantiate their donations to charity. Whatever the donation is, whether money or a household item or clothing, the substantiation rules must be followed. The rules a...
May 2015 tax compliance calendar
As an individual or business, it is your responsibility to be aware of and to meet your tax filing/reporting deadlines. This calendar summarizes important tax reporting and filing data for individuals...
Affordable Care Act developments impact SHOP, tax credits, Marketplaces, and more
Despite the 16-day government shutdown in October, a number of important developments took place impacting the Patient Protection and Affordable Care Act, especially for individuals and businesses. Th...
FAQ: Must I retain original business expense receipts if I computer scan them?
No, taxpayers may destroy the original hardcopy of books and records and the original computerized records detailing the expenses of a business if they use an electronic storage system....
Client FAQ: Deducting computer costs, including PDAs
Q. I use my computer for both business and pleasure and I am confused about how much I can deduct. Also, how are PDAs such as Palm Pilots, etc. deducted for tax purposes?...

05/27/2015 Employment (Electronic Filing)

05/28/2015 Employment (Semi-weekly employment deposit)

05/29/2015 Employment (Semi-weekly employment deposit)

06/03/2015 Employment (Electronic Filing)

06/03/2015 Employment (Semi-weekly employment deposit)

06/05/2015 Employment (Semi-weekly employment deposit)