Expert Tax Services for Small Businesses
Mike Morones & Associates, LLC proudly offers expert tax services in Silver City, NM, catering to clients across Southwest NM and the entire United States.
Our commitment to individualized attention ensures that each client receives personalized financial guidance, fostering a relationship of trust and support. Recognized by reputable organizations like the BBB and AICPA, we stand ready to partner with small business owners on their journey toward financial success.
Tax Services
Tax Preparation
According to a study by the US Government’s General Accounting Office, the majority of taxpayers benefit from the expertise of professional tax preparers
- Accurate and Timely Filing
- Document Organization and Systems
- Maximizing Deductions and Credits
- Audit Support and Representation
- Proactive Tax Planning
- E-filing Services
Tax Planning
Successful tax planning goes beyond mere compliance; we offer proactive strategies to minimize your tax liability and increase your after-tax income.
- Strategic Tax Planning Strategies
- Entity Structuring for Maximum Tax Efficiency
- Retirement and Estate Tax Planning
- Tax-efficient Investment Strategies
- Charitable Giving Solutions
- International Tax Planning
Tax Problems
Let us help you solve your tax troubles and put an end to the stress caused by the IRS. Our assistance is efficient, affordable, and always handled with the utmost confidentiality.
- Assistance with IRS Notices and Letters
- Tax Debt Relief and Representation
- Innocent Spouse Relief Claims
- Tax Audit Defense
- Offers in Compromise
- Penalty Abatement Negotiations
Business Services
Payroll
We understand the demands of running a business. Our tailored payroll solutions are designed to fit your unique requirements, allowing you the freedom to focus on the core of your company.
- Preparation and printing of payroll checks
- Free direct deposits
- Worry-free IRS and state tax reporting, including EFTPS tax deposits
- User-friendly, understandable monthly, quarterly, and annual payroll tax reports, W-2, W-3, and 1099 forms
- Detailed accrual reports for vacation, sick days, and personal days
- Creation and filing of new hire reports
- Maintenance of payroll records
- Preparation of special reports required by government agencies, such as worker’s compensation audits, unemployment claims, social security audits, and child support audits
- Processing of W-2s, W-3s, 1099s, and 1096s
- Preparation and assistance with federal and state registration forms
Payroll by Payrite
Payrite Payroll Service is the preferred payroll processing solution used by Mike Morones & Associates, LLC, offering comprehensive payroll management, accurate payroll tax reporting, and direct deposit options for employees, all at a competitive cost compared to other payroll service providers in the industry.
Compliance Work
Recognizing the diverse risk preferences of stakeholders, we offer three levels of assurance to cater to the distinct needs of your stockholders, creditors, and private investors. With our expertise, rest assured that your compliance needs are in trusted hands.
Review - Limited Assurance
- Consists primarily of analytical procedures applied to the financial statements and inquiries made of the company’s management team
- Doesn’t require the study and evaluation of the company’s internal controls or verification of data with third parties
- Expresses limited assurance in the form of the statement “We are not aware of any material modifications for the financial statements to be in conformity with the Generally Accepted Accounting Principles (GAAP)”
Audit - Highest Level of Assurance
- Methodical review and objective examination of financial statements
- Verification of specific information as determined by the auditor or established by general practice
- Includes testing of selected transactions, review of internal controls, and communication with third parties
- Issues a report on whether the financial statements are fairly stated and free of material misstatements
Compilation - Lowest Level of Assurance
- Presents information that is the representation of management and expresses no opinion or assurance on the financial statements
- Doesn’t require inquiries of management or analytical procedures, relying on the CPA’s knowledge of accounting principles and general understanding of the client’s business
- Often required by banks as part of their lending covenants
Discover how our tax & business services can help you optimize your financial strategies & achieve your goals.