Whether you’re running a business or managing personal finances, accounting can quickly become overwhelming. The processes are often complex and time-consuming, and keeping up with ever-changing tax regulations is a constant challenge. Even a small mistake in your financial records can lead to costly consequences. Add to that the frustrations of miscommunication with accountants, high service fees, and the difficulty of integrating new software, and it’s easy to see why so many people struggle with their accounting needs. For businesses, growing, scaling, and selling can make things even more complicated. Some folks might feel lost without personalized advice to maximize savings. All of this underscores the importance of working with a trustworthy accountant who truly understands your unique financial situation—whether personal or business-related.
Amicus Tax and Accounting LLC offers a wide range of accounting and tax services designed to meet the needs of both businesses and individuals. For businesses, we handle everything from routine bookkeeping to complex tax preparations. We also provide consulting services for gross receipts tax reporting and business acquisitions. Need help with QuickBooks? We’ve got you covered with training, support, and system customization to fit your unique business operations.
On the individual side, we offer services such as income tax preparation, multi-state return filing, and representation for IRS issues. Trust and estate tax filings are also a specialty, ensuring compliance without added stress. For those struggling with IRS tax debt, we can assist with settlement programs like Fresh Start.
At Amicus’ Los Alamos office, clients benefit from the perfect blend of local expertise and national standards. Los Alamos businesses face specific challenges, like navigating the gross receipts tax system, which requires an in-depth understanding of local tax laws to avoid costly mistakes and maximize deductions. Additionally, the firm’s familiarity with New Mexico’s unique tax credits—such as those for rural healthcare providers or cultural property restoration—can unlock significant savings that national firms might overlook. We are also well versed in national regulations. Our knowledge of IRS regulations and QuickBooks ensures compliance with national standards, giving clients peace of mind knowing that both local and national requirements are expertly handled.
At the Los Alamos office of Amicus Accountants, businesses and individuals can access a wide range of financial services tailored to their unique needs. For businesses, we offer essential services such as bookkeeping, income tax preparation, and gross receipts tax reporting, along with consulting for business acquisitions. We also provide expert QuickBooks support and training, as well as assistance in mining New Mexico-specific tax credits. Individuals can benefit from services like income tax preparation, and multi-state tax returns. Specialized services include trust and estate tax returns, gift tax returns, and IRS tax debt settlement through the Fresh Start program. Additionally, both individuals and businesses can receive customized QuickBooks training and support to streamline their financial management.
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We provide monthly and quarterly bookkeeping services tailored to our client needs. Our bookkeeping services include a paid subscription to QuickBooks Online accounting so that you will have 24 hour access to your accounting information. Ask about our "Best Their Pricing" program!
Whether you are an LLC, a Sole Proprietor, an S Corporation, a Partnership, or a C Corporation you need to prepare and file accurate and complete tax returns with the IRS and state agencies. For 20 years I have helped small and medium businesses file their 1040, 1065, 1120, and 1120S returns with the IRS and state taxing authorities.
Do you need to file monthly, quarterly, or semi-annual New Mexico Gross Receipts tax returns? If so, we can prepare and file your returns from your accounting records. Additionally, we can determine if some or all of your receipts may be exempt or deductible from your income when calculating the tax due.
If you are considering purchasing an existing business, you need someone standing in your corner representing your interests. I can help evaluate pricing and terms and provide due diligence services to assist with the purchase decision.
New Mexico is generous when it comes to offering tax credits to businesses and individuals. Did you know that rural health care providers can qualify for up to a $5,000 NM tax credit annually? Or that restoration of a NM Cultural Property could qualify for up to a $50,000 NM tax credit? There are many other tax credits on such things as film production, high wage jobs, and research and development.
Are you ready to file? Let us help you.
Do you have a complicated tax return with multiple income streams from multiple states? If so, I can help. We have over 20 years experience preparing complex returns.
Have you received a letter from the IRS or the state saying you owe back taxes? If so, we can help. We can act as your agent and deal directly with the IRS or state agency to help resolve your tax issues.
Are you responsible for filing the tax return for a family trust? If so, let us take that burden off of your shoulders and prepare the 1041 tax return for you. Are you the executor of an Estate? Did you know you may need to file a tax return for the Estate with the IRS? If you are unsure, we can evaluate your situation and let you know your filing requirements.
Many wealthy individuals give generously to their children and grandchildren. Did you know that if you make significant gifts to family and friends you are required to file a Gift Tax Return form 709 with the IRS? For 2023, you will be required to file a gift tax return if you make gifts to a single individual of $17,000 or more.
The IRS has a program referred to commonly as the Fresh Start Program that allows certain taxpayers to settle their IRS debt for less than the full amount owed. The program, called "Making an Offer in Compromise" can significantly reduce your tax liability. There are a number of hoops that have to be jumped through and you have to meet certain income and asset rules to qualify. We have successfully helped qualified taxpayers reduce their tax debt through this program. If you owe back taxes and have limited income and assets to pay the balance due, We may be able to help you get out from under your tax burden.
Our staff has been using and supporting QuickBooks since 1997 with version 4. Twenty-eight years later QuickBooks is the number 1 small business accounting system used by millions. We offer in-office training as well as remote training via online meeting platforms. This training is one-on-one with your data and your files, making the training specific to your needs. We can assist with training, setup, and clean up of your new or existing QuickBooks software.
New to QuickBooks? We can help you select the version that is right for your business needs. With a subscription to QuickBooks Online both you and your accountant will have 24/7 access to your accounting information. Have a question about your accounting or how to enter a certain transaction? With remote support, we can help you with these items without the need for a site visit, saving you both time and money.
Los Alamos, NM is experiencing substantial economic momentum, primarily driven by the Los Alamos National Laboratory (LANL), which has become a major economic engine in the region. In 2023, LANL spent $930 million with New Mexico businesses and contributed $155 million in gross receipts tax, fostering business growth and stability within the state. The lab has also increased its hiring, reaching a record 15,932 employees whose salaries contribute to the local economy, with $758 million in wages benefiting Los Alamos County directly. This economic growth is particularly beneficial to small businesses that provide services such as bookkeeping, tax preparation, and business consulting, creating demand for financial expertise in the area.
Additionally, recent updates to New Mexico's tax codes, such as Senate Bill 218, have brought clarity to corporate income tax rules, particularly for businesses serving out-of-state customers. This revision is part of the state’s efforts to align tax obligations more closely with where services are utilized, an essential update for Los Alamos' growing business community as it navigates state and local tax requirements.
Los Alamos County is also evaluating a potential 0.5% increase in gross receipts tax to support community needs. While this has sparked discussions around the broader impact of gross receipts taxes on small businesses and residents, it underscores the community’s focus on balancing growth with fiscal responsibility.
For businesses and individuals in Los Alamos, the growth in tax code changes and economic activities emphasizes the need for comprehensive tax and bookkeeping services, as local entities seek to navigate new tax policies, ensure compliance, and leverage economic opportunities effectively.
February 1st to April 15th
Monday - Friday: 9am - 5pm
Evening & Saturday: By appointment
Sunday: Closed
April 16th to January 31st
Monday - Thursday: 9am - 5pm
Friday: 9am- 3:30pm
Saturday - Sunday: Closed
