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Your Trusted CPA Partner in Rio Rancho, NM
With over four decades of experience in public accounting, we specialize in providing comprehensive tax and financial services to individuals and businesses across the United States. Our expertise extends beyond traditional accounting to include IRS audit representation, penalty abatement negotiations, and strategic guidance for businesses navigating financial transitions. Our team combines deep technical knowledge with practical, hands-on experience in turnaround management, having successfully stabilized and revitalized numerous businesses facing operational or financial challenges. As licensed CPAs in New Mexico and Oregon, and with a Certified Insolvency & Restructuring Advisor (CIRA) designation, we offer a unique perspective that helps clients anticipate and resolve complex tax and business issues. Our commitment to personalized service ensures that each client receives tailored solutions aligned with their specific business, financial, and family goals.We maintain active memberships in professional organizations including the New Mexico Society of CPAs, American Institute of CPAs, and Association of Insolvency & Restructuring Advisors to stay at the forefront of industry developments. Our office manager brings over four decades of experience in business operations and QuickBooks expertise, while our property management specialist provides specialized support for real estate clients. We work year-round to help clients maintain compliance, optimize tax positions, and achieve long-term financial stability. Our affiliation with professional networks like Advanced CFO LLC expands our capacity to deliver specialized turnaround services when businesses face critical transitions. From initial consultation to ongoing support, we prioritize clear communication, proactive problem-solving, and ethical standards that have built our reputation as trusted advisors in the accounting profession.
Services
Tax Planning
IRS Representation
Business Consulting
Turnaround Services
QuickBooks Support
Highlights and features
- 40+ years of public accounting experience with IRS audit expertise
- Certified Insolvency & Restructuring Advisor for business turnaround solutions
- Personalized tax planning and year-round client support
- Proven success negotiating IRS penalty abatements and payment plans
- Senior and active military discounts available
Associations and certifications
- CPA (New Mexico)
- CPA (Oregon)
- CIRA
Services
Tax Planning
We provide comprehensive tax planning services for individuals and businesses, including sole proprietorships, partnerships, corporations, and LLCs. Our expertise covers multi-state returns, rental property taxation, and energy efficiency tax credits. We help clients optimize deductions, structure transactions for tax efficiency, and maintain compliance with evolving tax regulations while maximizing refunds and minimizing liabilities.
IRS Representation
Our firm specializes in IRS audit representation and tax dispute resolution. With decades of experience negotiating with the IRS, we assist clients facing audits, collection actions, tax liens, and levy enforcement. We develop strategic approaches to penalty abatement, payment plan arrangements, and resolution of disputed assessments while maintaining professional communication with tax authorities on behalf of our clients.
Turnaround Services
We provide specialized turnaround management services for businesses facing financial stress or operational transitions. Our approach includes cash flow stabilization, creditor negotiation, and customized recovery planning. Through our affiliation with Advanced CFO LLC, we implement proven three-step methodologies to restore business stability, improve profitability, and address challenges from ownership changes or unexpected management transitions.
Business Consulting
Our business consulting services focus on strategic decision-making support for small business owners. We provide expertise in cash flow management, business valuation, equipment financing strategies, employment decisions, and inventory control. As fellow small business owners, we offer practical insights into operational challenges while maintaining strict confidentiality and ethical standards in all client engagements.
QuickBooks Support
We offer certified QuickBooks ProAdvisor services including system setup, training, and business record reconstruction. Our office manager specializes in organizing financial chaos through proper documentation, procedural training, and shoebox cleanup services. We help clients implement efficient bookkeeping systems that improve financial visibility and support better business decision-making across various industries.
People
Timothy L. Donovan
CPA, MBA, CIRA
With over 40 years in public accounting, Tim specializes in tax services and business turnaround management. He holds CPA licenses in New Mexico and Oregon, a CIRA certification, and has negotiated numerous IRS penalty abatements. His expertise spans business valuation, financial planning, and crisis management for small to medium enterprises.
Mary A. Donovan
Office Manager
Mary has managed office operations since 1982, bringing expertise in bookkeeping, QuickBooks ProAdvisor services, and business record reconstruction. Her interdisciplinary education helps simplify complex business relationships, and she specializes in creating efficient office procedures and training documentation for client systems.
Heather L. Donovan
Property Management Specialist
Heather provides property management expertise with over a decade of experience in single-family and multifamily housing. She specializes in rental property bookkeeping, office organization systems, and financial management for real estate portfolios, helping clients maintain accurate records and operational efficiency.
Questions
What tax services do you offer for small businesses?
We handle all business entity types including sole proprietorships, partnerships, corporations, and LLCs. Services include tax planning, preparation, multi-state returns, IRS audit defense, and financial strategy consulting tailored to small business needs.
How do you help clients facing IRS audits?
We provide full audit representation, negotiating with IRS on penalty abatements and payment plans. Our team prepares documentation, communicates with examiners, and develops resolution strategies to minimize client liability and stress during audit processes.
What qualifies you for business turnaround services?
With 15+ years in turnaround management and CIRA certification, we implement proven strategies through our Advanced CFO affiliation. Our three-step approach stabilizes cash flow, creates recovery plans, and executes implementation strategies for businesses in transition.
Do you offer QuickBooks support for small businesses?
Yes, our certified QuickBooks ProAdvisor provides system setup, training, and financial record organization. We help businesses implement efficient accounting systems and reconstruct disorganized financial records to improve operational clarity.
Are there special services for senior citizens or military members?
We offer discounted rates for senior citizens and active military personnel across all our service offerings. These discounts apply to tax preparation, audit representation, and business consulting services as a token of appreciation for their service.
