background image
advocacy community education
57
CAAS Corner
By Jack Collins, Executive Director
Community Accounting Aid & Services, Inc.
CAAS
965 East Main Street
Meriden, CT 06450-6006
Phone: 203-235-2333, ext. 7146
Email:
ctcaas@hotmail.com
or
service@accountingaid.org
CAAS as a
Resource
CSCPA members are most likely
contacted directly or indirectly by
organizations, individuals, and
businesses that may be candi-
dates for CAAS pro bono services.
The timing or scope of service
requested may not be compatible
with the members' availability. In
these cases, CAAS can be a ready
resource for providing the request-
ed service through its statewide
network of volunteers.
Volunteers are covered by CAAS'
professional liability insurance
while working on CAAS projects.
Please do not hesitate to contact
us directly or to refer the needy
party to us.
What is CAAS?
Community Accounting Aid & Services, Inc. (CAAS) was formed as a not-for-
profit corporation in 1974 as an extension of the Community Services
Committee of the CSCPA. Its mission is to provide a source of accounting
assistance for economically disadvantaged individuals, businesses, and small
not-for-profit organizations throughout the state.
Volunteer CPAs assist individuals who qualify for CAAS help and are not cur-
rently being served by an accountant. Often, it is a CPA that refers people to
CAAS. CAAS also gets client referrals from organizations that deal with small
businesses such as SCORE, the Community Economic Development Fund,
and the Quinnipiac University and University of Connecticut Law School low-
income tax clinics for resolution of open IRS issues. We also get referrals from
community service and other outreach organizations.
To qualify for CAAS help, individuals must have an annual net income of less
than $25,000. Couples must have income of less than $30,000, families of
three, less than $35,000, and families of four or more, less than $40,000. For
direct assistance, not-for-profit organizations must have an annual budget of
less than $100,000. CAAS client are generally very small service organizations
and retail businesses within our local communities.
CPA volunteers also instruct in adult education programs in several communi-
ties for new and existing business owners. CAAS has begun an association with
the Community Economic Development Fund to present courses on accounting,
financial management (including QuickBooks), and business taxes. Courses are
held in Hartford, New Haven, New London, and Fairfield counties.
CAAS conducts seminars on accounting, internal controls, and financial man-
agement for not-for-profit organizations when requested. We also provide
assistance to not-for-profit organizations in their search for accountants to
serve on their boards of directors.
CAAS works with community service organizations to conduct tax return prepa-
ration clinics for low-income individuals in several communities. Many of them
qualify for the earned income tax credit and receive significant refunds, thanks
to the work of our volunteers.
If you would like to help, please contact CAAS.