Drewnowski, Magda CPA

I have been honored to provide personalized financial guidance to local individuals and businesses in Crested Butte and the surrounding area for over 12 years.
My favorite part of my work is getting a chance to know my clients and help them.
There are lots of CPA's, but my goal is to help you with the greatest amount of care and attention to the details of your individual concerns.
I have chosen to have a small, boutique firm because I believe in the immense power of one-on-one professional relationships.

Magda Drewnowski CPA provides a wide range of services to individuals and businesses in a variety of industries.
At Magda Drewnowski CPA, we strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment.
At Magda Drewnowski CPA, we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals.

Magda Drewnowski CPA is a full-service accounting firm serving clients throughout the Crested Butte area, dedicated to providing our clients with highly personalized and professional services and guidance.
Along with information about our services, you can use this website as a personal resource that provides tools to assist in your tax process and financial decision-making.
These tools include downloadable tax forms and publications, financial calculators, news and links to other useful sites.

Have you just started a new business?
Did you know expenses incurred before a business begins operations are not allowed as current deductions?
Generally, these start up costs must be amortized over a period of 180 months beginning in the month in which the business begins.
However, based on the current tax provisions, you may elect to deduct up to $5,000 of business start-up and $5,000 of organizational costs paid or incurred.
The $5,000 deduction is reduced by any start-up or organizational costs which exceed $50,000.

Following are some generally recognized financial planning tools that may help you reduce your tax bill.
Charitable Giving - Instead of selling your appreciated long-term securities, donate the stock instead and avoid paying tax on the unrealized gain while still getting a charitable tax deduction for the full fair market value.
Health Savings Accounts (HSAs) - If you have a high deductible medical plan you can open an HSA and make tax deductible contributions to your account to pay for medical expenses.