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...
Filing season opens, IRS budget cuts may impair taxpayer services
The 2015 filing season is now underway and the IRS, taxpayers and tax professionals are expecting some challenges. In addition to the huge number of returns the IRS must process, the agency also must ...
Obama’s 2015 Tax Proposals Offer Help for Middle Class Families
President Obama and the White House unveiled Obama’s tax program for 2015, with proposals designed to help middle class families. The proposals include providing a new $500 credit for two-earner...
More information coming to help taxpayers with ACA requirements
The IRS and the U.S. Department of Health and Human Services (HHS) are planning outreach efforts during filing season to remind taxpayers about new requirements under the Affordable Care Act. These pr...
How Do I? Compute a late payment penalty
The tax code imposes a penalty on taxes that are paid after the due date (generally April 15). Taxpayers may wonder whether to save, to pay their taxes on time and avoid the penalty, or delay payment ...
FAQs: How are qualified longevity annuity contracts reported?
The required minimum distribution (RMD) rules require participants to start taking distributions when they turn age 70½. Treasury and the IRS have developed a new concept to enable retirees to ...
February 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?...

03/02/2015 Corporate Income/Franchise (1098)

03/02/2015 Corporate Income/Franchise (1099, plus 1096 or 4804)

03/02/2015 Employment (Copy A of Forms W-2, plus 1096 or 4804)

03/02/2015 Employment (DR 1093/1106)

03/02/2015 Individual Income (1040)

03/02/2015 Individual Income (Copy A of Forms W-2G, plus 1096 or 4804)