Lockhart & Powell:

Serving our clients with
Integrity, Respect, and
Excellence in all matters

Lockhart & Powell—formerly RS Powell—has proudly served the Colorado Springs community since its founding on June 26, 1986. What began as Rick Powell’s vision has grown into a family‑led firm, now guided by husband‑and‑wife team Megan and Brandon Lockhart. Today, we focus primarily on supporting solo practitioners and small partner firms in the medical, dental, and legal professions. Our comprehensive monthly accounting packages include tax preparation, bookkeeping, notice response, audit defense, and payroll—delivered by your dedicated CPA team. Our unwavering commitment to integrity, respect, and excellence continues to drive our work and define our purpose.

VIEW OUR PACKAGES

Integrity

At Lockhart & Powell, integrity is the bedrock of our Colorado Springs CPA firm. Whether we're preparing a complex S‑Corp return or filing an individual 1040, we do what's right—every time. Business owners and families who prize honesty, accountability, and transparent tax planning find a long‑term partner in us.

Respect

Guided by the Golden Rule, we treat every client's time, data, and beliefs with the utmost respect. From secure portals for bookkeeping and payroll uploads to prompt callbacks on urgent IRS notices, we safeguard your privacy while delivering responsive service. Our goal is to build lasting relationships with Colorado companies and individuals who value the same mutual respect.

Excellence

Excellence is not a milestone but our daily standard. By utilizing cutting‑edge tax software, bank-secure client portals, and our extensive tax return reviews process, our CPAs deliver meticulous business and individual tax preparation that withstands IRS scrutiny.

Trusted by Colorado Springs

Proudly serving the Colorado Springs community since 1986

4.9
Google Rating
Exceptional client satisfaction
875+
Annual Returns
Expert preparation every year
Colorado Springs Magazine Readers' Choice Winner 2025

Choose the solution that is right for your practice:

Grow your practice with a CPA firm that understands the financial demands of medical, dental, and legal professionals. We specialize in supporting solo practitioners and small partner firms with 1–10 employees, providing the high‑level financial oversight you need—without the complexity of a large, impersonal firm.

Basic $799/mo Most Popular Professional $999/mo Total $1,249/mo
Federal & state tax returns
1099 preparation
IRS & state notice response
Audit defense & representation
Monthly bookkeeping (QBO)
Bank & credit card reconciliation
Payroll management
View Details View Details

STANDALONE SERVICES

I

INDIVIDUAL TAX PREPARATION

We prepare your personal tax returns using advanced, industry-leading tax software to ensure accuracy and efficiency. Every return undergoes a thorough quality review before being e-filed, giving you peace of mind and confidence in your filing.

More Info
📊

BUSINESS TAX PREPARATION

We provide comprehensive analysis of your financial statements and prepare your business returns with precision and care. Each return undergoes a detailed quality review before being accurately e-filed upon your approval, ensuring compliance, accuracy, and peace of mind for your business.

More Info

CLIENT SUCCESS STORY

Watch Client Testimonial

Mike Horcharik | M. Charik Productions | Media Production

What Others Say About Lockhart & Powell

4.9
Based on 98 reviews

FREQUENTLY ASKED QUESTIONS

Do you work with businesses outside Colorado Springs?

+

Yes. While our office is in Colorado Springs, we serve practices and businesses across the entire Front Range — including Denver, Castle Rock, Pueblo, and throughout El Paso County. Between our secure client portal, QuickBooks Online integration, and virtual meeting capabilities, we work seamlessly with clients statewide. Many of our Denver-area clients chose us specifically for our hands-on, relationship-focused approach to accounting.

Why do medical practices need a specialized CPA?

+

Medical practices face unique financial challenges that general accountants often miss — physician compensation structuring, equipment depreciation schedules for imaging and surgical tools, insurance reimbursement tracking, and complex partner buy-in arrangements. A CPA who understands healthcare can maximize deductions specific to your practice, structure owner compensation for optimal tax treatment, and keep your books audit-ready year-round.

What makes accounting for a dental practice different from other businesses?

+

Dental practices have significant capital equipment investments — chairs, digital X-ray systems, CAD/CAM units — that require strategic depreciation planning. Add in associate compensation structures, production-based pay formulas, and the transition from associate to practice owner, and you need a CPA who understands the dental industry. We help dentists in Colorado Springs and Denver maximize equipment deductions, plan for practice acquisitions, and structure their finances for long-term growth.

Do you work with law firms and solo attorneys?

+

Yes — law firms are one of our core specialties. We understand the nuances of legal accounting, including partner profit allocation, guaranteed payments, K-1 preparation, and the tax treatment of contingency fees and retainers. Whether you're a solo attorney in Denver or a small partnership in Colorado Springs, we handle the financial complexity so you can focus on your clients. Our monthly packages give law firms predictable accounting costs instead of surprise year-end bills.

What's included in your monthly accounting packages?

+

Our packages bundle everything your practice needs into one predictable monthly fee. The Basic package ($799/mo) covers tax preparation, 1099 filing, IRS notice response, and audit defense. The Professional package ($999/mo) adds full monthly bookkeeping through QuickBooks Online. The Total package ($1,249/mo) includes everything in Professional plus payroll management. All packages come with a dedicated CPA team — no revolving door of staff.

Which documents should I send my CPA for accurate business‑tax preparation?

+

Provide your QuickBooks year‑end file, profit‑and‑loss statement, balance sheet, bank statements, payroll reports, fixed‑asset purchases, 1099s, and prior‑year returns. Clean digital files help us deliver faster, error‑free corporate tax returns.

Can you handle multi-state businesses? We operate in several states.

+

Yes, we help businesses from any state with their tax preparation and compliance needs. Whether you're based in Colorado with operations elsewhere, or located in another state entirely, our CPAs have the expertise to handle multi-state tax filings and ensure you're compliant across all jurisdictions where you do business.

Ready to Simplify Your Practice's Finances?Simplify Your Finances

See how our all-inclusive monthly packages give your practice tax preparation, bookkeeping, and year-round CPA support — all for one predictable fee.All-inclusive monthly packages with tax prep, bookkeeping, and year-round support.

Scroll to Top