Membership dues payments are deductible for most members as an ordinary and necessary business expense. However, the COCPA estimates that 1.94 percent of the dues payment is not deductible as a business expense because of COCPA’s lobbying activities on behalf of its members. Membership dues include a $14.00 annual subscription to NewsAccount. Contributions or gifts to the COCPA or to the CPA Political Action Committee are not tax deductible for income tax purposes. Contributions to the Educational Foundation of the COCPA, a 501(c)(3) entity, are tax deductible as charitable contributions.