Farnsworth & Associates, PC

Farnsworth & Associates, PC 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.

Now that tax season is in the rearview mirror, you're in a great position to make next year easier and more rewarding. I...
05/20/2026

Now that tax season is in the rearview mirror, you're in a great position to make next year easier and more rewarding. It might seem early to start planning for 2027, but doing a few small things now can reduce future stress, help you capture deductions you might miss, and prevent surprise tax bills.

Swipe for a few key steps you can take to stay organized, plan ahead, and keep your finances moving in the right direction.

We hope these tips are helpful over the next year. As always, if you have any questions that come up over the year, know that our team is here for you. Don’t hesitate to reach out.

Even if you think your taxes are carefully completed, your business can get hit with unexpected tax bills, denied deduct...
05/18/2026

Even if you think your taxes are carefully completed, your business can get hit with unexpected tax bills, denied deductions, and IRS penalties. Tossing tax documents too soon makes it harder to challenge these risks.

Without records to substantiate your claimed income, expenses, or credits, you risk losing those deductions and credits during an audit, which can lead to owing back taxes plus interest and penalties.

Our team can help you get organized, set up a recordkeeping system, and stay ready for tax season and beyond. Let’s talk before you start cleaning out your files.

A tax refund isn’t just extra cash — it can also be an opportunity to take a big step forward. Whether you're thinking a...
05/13/2026

A tax refund isn’t just extra cash — it can also be an opportunity to take a big step forward. Whether you're thinking about using your refund to save, invest, or give back, there are many beneficial things you can do with your refund. Swipe for more.

We hope these suggestions help you decide how to use your refund this year. Remember, if any tax-related questions come up for you during the rest of the year, don't hesitate to reach out. We're here to help!

Tax season may be over, but smart business owners know the tax work doesn’t stop there! Take note of these key steps to ...
05/11/2026

Tax season may be over, but smart business owners know the tax work doesn’t stop there! Take note of these key steps to set your business up for success this year.

Have questions about your return or other account matters? Reach out. We’re here to help you all year long.

04/30/2026

April is a month of fresh energy and intention. The new season brings longer days, renewed motivation, and a great opportunity to take a closer look at the habits that shape our personal and professional lives.

This month’s quote is a reminder that excellence isn’t something we achieve once; it’s something we practice over time. Small, consistent actions lead to big results.

So, as you move through April, ask yourself: What habit are you committed to building (or rebuilding) this month? Let us know in the comments. We’d love to cheer you on!

April is a month of transformation, reminding us that hard work can often grow into something beautiful. This month, we’...
04/27/2026

April is a month of transformation, reminding us that hard work can often grow into something beautiful. This month, we’re spotlighting one couple’s decades-long journey to restore and transform a piece of history, brick by brick.

In North Yorkshire, Mark and Carol Benson spent 30 years lovingly restoring a forgotten train station. What was once a derelict depot is now “The Old Station” — a one-of-a-kind destination where visitors can stay overnight in converted first-class train cars or a cozy cottage that was once a ticket office. They even salvaged original bricks from old buildings on the site to preserve its history.

Their story is proof that passion, patience, and a whole lot of dedication can bring even the most abandoned places back to life. Here’s to the dreamers and doers who remind us that with enough heart, anything can be transformed into something truly extraordinary.

Read the full story here: https://www.goodnewsnetwork.org/couple-spends-30-years-restoring-historic-train-station-for-lodgers-to-stay-amidst-its-former-glory/

Since tax season has officially come to a close, we wanted to take a moment to say thank you to everyone who trusted us ...
04/23/2026

Since tax season has officially come to a close, we wanted to take a moment to say thank you to everyone who trusted us with their returns, planning, and questions. We’re proud to have helped you cross the finish line with confidence.

Just because tax season is over doesn’t mean we’re going anywhere. If you have questions about your return or a quarterly filing, give us a call and we can help. We're here for you year-round.

Spring is in full swing! Days are getting longer, and summer is just around the corner. Our team has been seriously enjo...
04/20/2026

Spring is in full swing! Days are getting longer, and summer is just around the corner. Our team has been seriously enjoying the extra sunshine and the good springtime vibes.

We hope that you’re enjoying this shift in seasons, too. Don’t hesitate to reach out to us if there’s any way we can support you this spring. We’re here to help you!

April has us caught in that seasonal in-between. Some of us are soaking up every sign of spring, while others are alread...
04/17/2026

April has us caught in that seasonal in-between. Some of us are soaking up every sign of spring, while others are already dreaming of summer days.

So, we’re curious which camp you are in. Are you savoring spring or wishing for summer?

🌸Vote savoring spring
☀️Vote wishing for summer

Drop your pick in the comments. We’re curious to see which one takes the win this month!

With the arrival of Tax Day, we want to take a moment to thank all of our clients for letting us be a part of your finan...
04/15/2026

With the arrival of Tax Day, we want to take a moment to thank all of our clients for letting us be a part of your financial journeys this tax season. We’re grateful for your trust — and cheering you on for another successful year ahead!

Looking ahead, if you have any post-tax filing needs or if we have filed an extension and you have questions, give us a call. We’re here for you.

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

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