New Mexico Tax and Accounting Services

Core Tax and Accounting Services

In New Mexico, most small business and non-profit organizations worry about their financial controls and annual audits. The amount of time, energy and resources dedicated to this process is staggering. Integrity is dedicated to providing quality tax and accounting services to ease this burden.

We at Integrity Accounting know what you are facing and want to help streamline the financial burden and optimize the time you spend for your business or organization. To help navigate these dangerous waters, we offer the following core services in addition to traditional accounting services like tax preparation and consulting:

Tax and Accounting Services

New Mexico Tax and Accounting Services

Core Tax and Accounting Services

In New Mexico, most small business and non-profit organizations worry about their financial controls and annual audits. The amount of time, energy and resources dedicated to this process is staggering. Integrity is dedicated to providing quality tax and accounting services to ease this burden.

We at Integrity Accounting know what you are facing and want to help streamline the financial burden and optimize the time you spend for your business or organization. To help navigate these dangerous waters, we offer the following core services in addition to traditional accounting services like tax preparation and consulting:

Business Process Outsourcing Services

More and more, our clients are finding that they need to outsource any number of financial, accounting and bookkeeping processes. Because of our experience and expertise, we can provide these services to your organization efficiently and effectively, more so than trying to have someone internally perform these duties. There are times when maybe all you need is another set of eyes to look over your books to see if there are any issues or areas of concern. Maybe you need a little extra help in making sure everything is recorded properly. Maybe you need a full-service bookkeeper to do all the day-to-day transaction entries.

For those times, we offer traditional accounting and bookkeeping services. We can do as little or as much as the situation calls for. Our experienced staff will develop an in-depth understanding of your organization and what your unique set of needs are. Together, we can create a custom set of services to meet those needs.

Tax Preparation Services

As the saying goes, there are two certainties in life: death and taxes. While modern science is still figuring out a way around the death side of that saying, we can at least help you with the tax side. We offer a wide array of tax preparation and planning services at attractive rates to individuals, businesses, and non-profit entities. From basic individual Form 1040 returns to complicated partnership and corporate returns and tax planning strategies, we’ve got you covered.

It’s a fact that tax laws are constantly changing from one year to the next, and new laws become effective while old laws phase out. Why struggle with staying informed of all of those changes when we can do it for you? Let our highly skilled staff of professionals work with you on your tax needs.

Individual

Form Description Base Charge Note Additional Charge Note
Form 1040 Individual Tax Return $125.00 for form
Form 1040EZ Individual Tax Return $60.00 for form
Form 1040ES Estimated Tax Payments $5.00 for form
Form 1040X Amended Tax Return $100.00 minimum
Schedule A Itemized Deductions $30.00 for form
Schedule B Interest and Ordinary Dividends $10.00 up to 5 entries $2.00 per additional entry
Schedule C Profit and Loss from Business $125.00 for form $75.00/hr Bookkeeping and Accounting Services necessary to complete form
Schedule D Capital Gains and Losses $50.00 up to 10 entries $3.00 per additional entry
Schedule EIC Earned Income Credit $80.00 for form
Schedule E Page 1, Income or Loss from Rental, Royalty, etc. $50.00 per property
Schedule E Page 2, Income from Partnership, S-Corp, etc. $50.00 per entity
Schedule F Profit and Loss from Farming $125.00 for form $75.00/hr Bookkeeping and Accounting Services necessary to complete form
Schedule H Household Employment Taxes $15.00 for form
Schedule J Farm Income Averaging $15.00 for form
Schedule R Credit for the Elderly or Disabled $0.00 for form
Schedule SE Self Employment Tax $10.00 for form
Form 1116 Foreign Tax Credit $10.00 for form
Form 2106 Employee Business Expense $40.00 up to 5 entries $3.00 per additional entry
Form 2441 Child and Dependent Care Expenses $25.00 for form
Form 3903 Moving Expenses $25.00 for form
Form 4562 Depreciation and Amortization $50.00 up to 5 entries $7.00 per additional entry
Form 4797 Sale of Business Property $25.00 per item
Form 5695 Residential Energy Credits $25.00 for form
Form 6251 Alternative Minimum Tax $20.00 for form
Form 8283 Noncash Charitable Contributions $10.00 up to 3 entries $3.00 per additional entry
Form 8606 Nondeductible IRAs $25.00 for form
Form 8812 Additional Child Tax Credit $25.00 for form
Form 8824 Like-Kind Exchanges $25.00 per item
Form 8829 Expense for Business Use of Home $50.00 for form
Form 8863 Education Credits $25.00 for form
Form 8880 Qualified Retirement Savings Contribution Credit $25.00 for form
Form 8889 Health Savings Account $25.00 for form
Form 8917 Tuition and Fees Deduction $20.00 for form
Federal E-File $7.95 per return
State E-File $3.95 per return
Other Fees Description Base Charge Note Additional Charge Note
Children’s Tax Returns Form 1040A or EZ Only, otherwise standard rates apply $30.00 per return
State Return Preparation of domiciled home state return. $25.00 per return $75.00/hr Bookkeeping and Accounting Services necessary to complete return
Consultation Consultation related to Tax, Financial Planning, Business Planning, etc. $75.00/hr 50% of billed amount will be credited toward tax preparation fees up to $300 $75.00/hr Billed separately for extra work requested in connection with consultation, ie. Tax research, legal research, etc.
Mobile Tax Service I come to you for tax appointment, collect documents and return with completed work. $50.00 In addition to other fees incurred. Up to 20 miles included. $0.50 per mile after 20 miles.

Business

Form Description Base Charge Note Additional Charge Note
Form 1065 Partnerships $250.00 minimum $75.00/hr Bookkeeping and Accounting Services necessary to complete form
Form 1120S S Corporations $250.00 minimum $75.00/hr Bookkeeping and Accounting Services necessary to complete form
Form 1120 C Corporations $250.00 minimum $75.00/hr Bookkeeping and Accounting Services necessary to complete form
Schedule D Capital Gains and Losses $0.00 up to 10 entries $5.00 per additional entry
Schedule K-1 Partner/Shareholders Share of Income, Deductions, Credits, etc. $0.00 up to 5 $20.00 per additional K-1
Schedule M1, M2, M3 Reconciliation Statements $0.00 Preparation included in base charge $75.00/hr Bookkeeping and Accounting Services necessary to complete form
Schedule 4562 Depreciation and Amortization $20.00 per new entry
Schedule 4797 Sale of Business Property $25.00 per asset
Schedule 8825 Rental Real Estate Income and Expenses $0.00 up to 2 properties $75.00 each additional property
Federal E-File $7.95 per return
State E-File $3.95 per return
Other Fees Description Base Charge Note Additional Charge Note
State Return Certain states have their own versions of a 1065, 1120S or 1120. $50.00 per return $75.00/hr Bookkeeping and Accounting Services necessary to complete return
Consultation Consultation related to Tax, Financial Planning, Business Planning, etc. $75.00/hr 50% of billed amount will be credited toward tax preparation fees up to $300 $75.00/hr Billed separately for extra work requested in connection with consultation, ie. Tax research, legal research, etc.
Mobile Tax Service I come to you for tax appointment, collect documents and return with completed work. $50.00 In addition to other fees incurred. Up to 50 miles included. $0.50 per mile after 50 miles.

Virtual CFO Services

Our Virtual CFO suite of services provides our clients a solution for those times when they might need a little extra financial muscle. Whether they’re in a bind due to key employee loss or maybe they don’t have the financial resources to hire a full-time Financial Manager, we can help businesses and non-profit organizations put the focus back where it belongs and take on those tasks that often distract them from reaching their full potential.

We offer a suite of financial services to help our clients focus on what really matters most to them. We work with our clients to develop a customized course of action to alleviate the administrative burden of running a business.

Our Virtual CFO services include:

  • Financial support and analysis
  • Internal control and process analysis
  • Strategic planning
  • Cash flow management services
  • A/P, A/R and Payroll management
  • Financial statement preparation

Financial Internal Controls

Are your internal controls adequate? What internal risks are your business exposed to? If something went wrong, someone recorded an entry incorrectly or perhaps they decided to take a little extra from the cash register, would it be caught? These are difficult questions that are sometimes uncomfortable for business owners or non-profit directors to answer.

We can help. We bring over 35 years of experience with internal controls to the table to help you answer those questions and many more. While we might not be able to completely eliminate all of the risks that face commercial and non-profit entities in today’s world, we can certainly do our part to limit your exposure to those risks.

We can perform a full risk assessment and evaluation of your current control structures to identify those areas of increased risk. This analysis can be focused on a specific area of the entity or we can perform an entity-wide assessment. Then we’ll work with you to develop functional and reasonable controls to help reduce those risks.

We also assist in educating management and employees about proper internal controls and the things to look for that might indicate a problem. While we are always a phone call away, we understand that we can’t always be there, and that for internal controls to continue to work over the long-term, education and knowledge is key.

Let us help you assess your internal controls.

Financial Audit Services

When it’s time to have an audit, you want a firm that has the experience and knowhow to meet your organization’s needs. Our audit staff has performed the equivalent of 80+ years of audits on New Mexico entities. Our clients have ranged from small commercial entities to large government and non-profit organizations. No matter the type or size of client, we strive to provide all of our clients with the highest level of service to make the audit process as smooth and efficient as possible to minimize our impact on your operations.

We pride ourselves in performing effective and efficient audits that allow our clients to not only get a clear understanding of their past financial performance, but to also provide them with the tools to take that knowledge and understanding and apply it to their current and future operations to maximize their potential.

We understand how stressful and cumbersome preparing for a financial audit can be. Even if you’ve been through an audit several times, there always seems to be those lingering questions about whether you’re ready for the audit or not.

We can help answer those questions. Our professionals know audits from the perspective of experienced auditors. We understand how auditors think and the steps an agency should take to prepare for an audit. We can analyze your documentation and process to identify those areas that might be of concern during an audit.

In addition, we can work with you to address any existing issues or findings you might have from previous audits. We’ve all seen them: those findings that never seem to go away. Let us help you mitigate those problem areas to move your organization forward. Because an auditor has to maintain certain independence standards, sometimes they are limited in how much they can help. As a third-party not associated with the audit, we can step in where they can’t and work with you to eliminate problem areas and to provide a smoother audit process for future years.

Industries

Non-Profit Entities

Programs are the lifeblood of most non-profit organizations. They exist to serve a specific purpose and anything that distracts or diverts the focus away from that purpose, impacts the organization’s ability to reach its program goals. Accounting and finance unfortunately can be a major cause of distractions for non-profit organizations. In addition to the usual day-to-day operating issues, there are annual audit requirements, reporting requirements, grantor compliance issues, etc. The list can be exhaustive and overwhelming.

Integrity Accounting & Consulting has extensive experience with New Mexico non-profits. We have worked with large and small nonprofits throughout the state by providing audit and accounting services for the past 7 years. Whether large community healthcare centers, advocacy and public assistance organizations, or membership organizations, we have a vast wealth of experience that continues to grow with each client served.

We offer audit and attest services, audit preparation assistance, and a full range of accounting services to help put the focus back where it belongs. We understand the critical role non-profit organizations fill and we seek to provide our clients with the tools necessary to fill that role the highest level possible.

Governmental Entities

Our staff has been providing audit and accounting services to New Mexico state and local governments for the past 7 years. In addition, we have 30+ years of experience at the federal level in both providing accounting services and internal control oversight.

Financial accountability is critical for all of our governmental entities, whether federal, state, or local. Not only is there a basic need for sound accounting practices, there are often additional requirements placed on governmental entities through various laws and statutes. Whether this is a requirement for annual audits, the need to address findings and issues with prior audits, or funding compliance requirements, our governments have a statutory responsibility to comply with these additional demands.

We provide accounting and audit services specifically tailored to governmental entities to assist them with meeting their statutory and fiduciary obligations/requirements.

Small Businesses

Starting a business is no small task. Keeping it going and making it profitable is an altogether more difficult task. Decisions need to be made. Risks weighed against potential outcomes. Strategy and plans must be developed. In the middle of all of it is the need for solid accounting and financial recordkeeping.

Integrity Accounting and Consulting can help. We know small business. After all, we are one. We can provide peace of mind to small business owners that their accounting needs are taken care of. Whether it’s providing basic accounting services, BPO services, or Virtual CFO/consulting services we’ve got you covered.

Integrity Accounting
Accounting
Apartment light cleaning
Tax Preparation Services
Virtual CFO Services
Financial Internal Controls
Financial Audit Services
Non-Profit Entities Accounting Services
Governmental Entities Accounting Services
Small Businesses Accounting Services