As many of you update your engagement agreements, please be advised that HB25-1090: Protections Against Deceptive Pricing Practices has been signed into law. This legislation amends C.R.S. § 6-1-737 and requires the Colorado Judicial Branch to modify Sections 1.5 and 2.4 of the professional conduct rules.

CoSEA’s Government Liaison, Heidi Morgan, has confirmed with representatives from the Colorado Attorney General’s Office that this law applies to the Enrolled Agent designation and our respective practices.

I strongly encourage all members to review the new law and consider updating engagement agreements accordingly. If you are unsure how the law applies to your practice, please consult a Colorado business law attorney.

The following is not legal advice, as I am not an attorney. After careful consideration, I have added the following language to my own engagement agreement:

“The total price for bookkeeping, accounting, tax preparation, and/or tax consulting services provided (or to be provided) under this agreement is governed by a scope of work statement with definitive non-negotiable fees quoted. Please refer to it for pricing. An invoice is submitted with immediate payment expected upon completion of services as defined by the work scope in accordance with Colorado Revised Statutes (C.R.S. § 6-1-737), Requirement to Disclose Certain Pricing Information. Please be advised that when the scope of work changes, the invoice may be revised.”

Please also see this letter regarding 2026 Colorado law that will require specific fee-language in engagement letters. As always, if you have questions, comments, or concerns, feel free to contact me directly at 720-234-1177.

— John Dundon