On February 1st we celebrated our 30th anniversary!! We thank you for helping make us a success and we will continue to work to earn your trust and deliver the highest quality service to you. Our firm was founded in 1980 by Stuart Kingsbery, CPA, J.D. and we enjoy an outstanding reputation in the business community. We pride ourselves on our commitment to being your trusted advisor and our employees respect that role with their commitment to our firm. We place a high value on attracting and retaining talented, quality staff members to work with you. Our employees have over 200 combined total years with the firm! We are located at 1401 Pearl Street Mall, Suite 300, Boulder, CO 80302-5319. We are on the northeast corner of 14th and Pearl Streets on the third floor above The Cheesecake Factory, accessible by the elevator on the front of our building. We validate parking for your visit to our office at either the RTD structure at 14th and Walnut Streets,the City of Boulder lot at 15th and Pearl Streets or the lot behind our building accessible from 15th Street. As you browse through our website, you will see that we highlighted background information on our firm, staff members and our services, and also included useful resources such as informative articles (in our Newsletter section) and interactive financial calculators (in our Financial Tools section). We also included links to external Websites that we feel would be of interest to our clients and visitors (in our Internet Links section). Please feel free to Contact Us with any questions or comments you may have - we'd love to hear from you. Visit us on Facebook and follow us on Twitter!

Tax Tips Healthcare Reform Update Healthcare reform has become law, comprised of the Senate bill signed into law by President Obama on March 23, 2010 and the Reconciliation bill, signed into law by the President on March 30, 2010. The full impact, however, is still unclear because its scope is broad and its implementation will be phased in over a period of years. While most provisions are not effective until 2014, there are a number of reforms that are effective for plan years that begin six months following the enactment date and after, and there are a number of provisions with varying effective dates. We are closely following the developments, and will periodically post updates to this page as details of the bill become clearer. Please feel free to contact us if you have any questions about these changes. Haiti Relief Donations Qualify for Immediate Tax Relief On Jan. 22, President Obama signed into law H.R. 4462, a bill that allows donors to accelerate the income tax benefits of charitable cash contributions for the relief of victims of the earthquake in Haiti. This law allows taxpayers to claim a charitable contribution deduction in tax year 2009 for donations made through Mar. 1, 2010, for the relief of victims in areas affected by the Jan. 12, 2010 earthquake in Haiti. Only cash contributions made to these charities after Jan. 11, 2010, and before March 1, 2010, are eligible. This includes contributions made by text message, check, credit card or debit card. Although the IRS has relaxed record keeping requirements taxpayers will still need documentation for donations prior to filing their tax return. Five Year NOL Carryback for Eligible Small Businesses: Under the American Recovery and Reinvestment Act, eligible small businesses with net operating losses in 2008 can choose a three, four, or five year carryback period to get a refund of taxes paid instead of the usual two year carryback period. An eligible small business is a sole proprietorship, partnership, or S corporation that has average annual gross receipts (reduced by returns and allowances) of $15 million or less during the 3-year period ending with the tax year of the net operating loss. If you believe you qualify or would like more information on this provision, please contact your tax advisor. New Vehicle Tax Deduction: The new recovery act allows a special deduction for new cars, light trucks, motor homes and motorcycles purchased after February 17, 2009 and before 01/01/2010. A deduction is provided for state and local sales and excise taxes paid on these new vehicles. This deduction is available even if you do not itemize your deductions on schedule A. This deduction phases out completely for joint filers with income over $260,000 and for single filers with income over $135,000. This is available only on the 2009 tax return. Please contact your accountant for more information if you have purchased a new vehicle in 2009 and would like more information on this deduction. Energy Efficient Credits for Individuals: For 2009 and 2010, the energy tax credit for homeowners has been increased to 30% of the cost of the qualifying property. The maximum credit has been raised to $1,500. This credit was not in place for 2008. The standards are higher for the new credit for the property to qualify as energy-efficient. There are also several other credits available such as those for plug in electric vehicles, which provide for a credit of up to $2,500. Please contact your accountant for more information regarding these credits if you are planning to purchase energy saving property in your home or purchase a plug in electric vehicle.

Profile of Trusted Advisor: Dayna Roane Dayna Roane is a New York native, but has lived in Wyoming and Colorado since her graduation from Princeton University in 1981. While at Princeton, she was a varsity swimmer and majored in English. After graduation, she began her first career as a librarian. While at the Wyoming State Library, she implemented the first state-wide library circulation system in the country and gradually her duties migrated away from books to computers. Over the next 15 years she worked for various computer companies installing and selling large scale transaction systems in libraries throughout the United States, Canada, and Europe. With small children now in tow, Dayna decided that constant travel was not ideal for her family. In both her business life and her family life, she had gravitated towards accounting and taxation issues. She was motivated by how much help CPAs provided to her father when a family business was in trouble. So in 1999, she began her second career as an accountant. She attended the University of Colorado Leeds School of Business and obtained a Masters in Taxation, graduating with high honors. In 2001 she became a CPA and joined Kingsbery Baris Vogel Nuttall. Dayna has three offspring: Sam, a high school teacher; Cody, who attends West Point Military Academy; and Kaitlin, who attends Clemson University. When not pondering the mysteries of the tax code, you can find Dayna in one of the local pools swimming with the Boulder Aquatic Masters, running with her yellow lab, cycling with her husband Robert, gardening, or reading. Dayna advises clients on individual, small business, and trust income tax matters. She has recently published an article in The Colorado Lawyer (June,2010) entitled “Complexities of Pass-through Entities Held in Trust.”