Farnsworth & Associates, PC

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CPA firm specializing in Tax and Accounting Services. For more information on our services, visit www.farnsworthcpa.com or click our WELCOME tab ===>

Farnsworth & Associates, P.C. is a full-service accounting and business consulting firm designed to meet all of your financial needs.

10/20/2026

Before year-end, a few thoughtful tax decisions can help you head into filing season with more clarity and fewer surprises.

For small business owners, this may be a good time to review:
• Depreciation opportunities for eligible business purchases
• The tax impact of employee bonuses or charitable giving

Every situation is different, so a quick review of your numbers before December 31 can help you make informed decisions for your business taxes.

If you are a Farnsworth & Associates PC client in Colorado Springs and would like to schedule a year-end tax planning check-in, please give us a call. We are here to help make tax preparation feel more manageable.

10/16/2026

Charitable giving can make a meaningful difference—and thoughtful planning may also help support your tax strategy.

Before making year-end donations, keep good records, confirm the organization is qualified, and consider how your gifts fit into your overall tax picture. Every situation is different, so it is worth looking at the details before December arrives.

If you would like help reviewing your charitable contributions alongside your individual or business taxes, I am happy to help.

10/15/2026

Fall can arrive quickly in Colorado Springs, bringing cooler days, changing routines, and year-end planning to the top of mind.

As the season gets underway, we are here to help make tax questions feel more manageable—whether you need support with quarterly tax payments, business taxes, individual tax planning, or an upcoming tax extension.

If something is on your mind, please reach out. Our team is always happy to help you stay organized and prepared.

10/13/2026

A friendly reminder for my extension clients: the October individual tax filing deadline is almost here.

Please take a moment to check whether I am still waiting on any final documents or answers from you. Sending anything outstanding as soon as possible helps me keep your return moving smoothly and avoid last-minute stress.

If you are unsure what I still need, please reach out—I am happy to help.

10/08/2026

Employee or independent contractor? Getting the classification right matters more than many small business owners realize.

It can affect payroll taxes, tax reporting, benefits, and how much control you have over the work being performed. A simple title or agreement is not always enough—the working relationship itself matters.

Swipe through for a quick look at the key differences and why proper worker classification is important for your business.

If you have questions about payroll setup, worker classification, or business tax responsibilities, my team and I are here to help.

10/07/2026

August is a good time to pause, get organized, and look ahead before the year-end rush begins.

Whether you are managing quarterly tax payments, keeping business records up to date, or simply setting aside time for your individual tax documents, small steps now can make tax season feel far less stressful later.

At Farnsworth & Associates PC, I believe good planning starts with a clear vision—and consistent follow-through.

What is one financial or business goal you are working toward before the end of the year? Share it in the comments.

10/06/2026

Every goal matters—but so does the person beside you.

During the final stretch of the Boston Marathon, two runners paused their own race to help a fellow competitor who was struggling with severe leg cramps. Together, they supported him across the finish line.

It is a powerful reminder that kindness, teamwork, and showing up for others can matter more than the clock. We are grateful for the people in our Colorado Springs community who choose to help, encourage, and support one another every day.

Read the full story: https://www.goodnewsnetwork.org/boston-marathon-runners-praised-for-stopping-to-help-injured-competitor-cross-finish-line-watch/

10/01/2026

October is here, and the extension deadline is getting close.

If you still have information to send for your tax return, getting it to me sooner can help keep the process organized and make the final steps smoother. A quick check-in is always welcome if you are unsure whether I have everything I need.

Thank you for helping me keep your tax preparation moving forward!

09/29/2026

Small business owners: Q4 will be here before we know it, and a little planning now can make year-end much less stressful.

I encourage you to take a few minutes to check in on your bookkeeping, make sure your quarterly estimated payments are on track, and write down any tax questions that have come up this year. Addressing those details before the holiday rush can help avoid last-minute surprises.

If you are one of my small business clients and would like to talk through your year-end tax planning, please reach out. I am here to help you stay organized and prepared.

09/24/2026

A clear understanding of your business finances can make everyday decisions feel far less stressful.

Here are a few accounting terms worth keeping in your small-business toolbox:

• Equity: What remains after liabilities are subtracted from business assets.
• Debt-to-equity ratio: A comparison of business debt to owner equity.
• Reconciliation: Matching your records with supporting documents, such as bank or credit card statements.
• Retained earnings: Profit kept in the business rather than distributed to owners.
• Liquidity: How readily your business can cover short-term obligations.
• Return on investment (ROI): The return earned compared with the cost of an investment.

These numbers can help guide decisions about cash flow, financing, growth, and more. If you are unsure what they mean for your business taxes or financial planning, I am always happy to help you navigate the details.

What accounting term would you like us to explain next?

Address

511 N Tejon Street, Ste 220
Colorado Springs, CO
80903

Website

https://www.farnsworthcpa.com/

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