Tax Alerts

Tax Briefing(s)

White House Budget

2012 Tax Year-in-Review

American Taxpayer Relief Act of 2012

Overall individual taxpayer audit rate drops for fiscal year 2012, along with IRS budget
The IRS recently issued its annual Data Book for fiscal year (FY) 2012, which provides the most recent statistical information on examinations, collections and other activities. The IRS's compariso...

Report describes seasonal workers, variable hour employees under healthcare reform’s Employer Mandate
The Patient Protection and Affordable Care Act (PPACA) requires certain “applicable large employers” that do not offer affordable, minimum essential health care coverage to their full-t...

Shareholder must reduce basis in S corp in first year basis adequate to absorb suspended losses
The U.S. Court of Appeals for the District of Columbia Circuit recently affirmed the Tax Court's decision that the Tax Code requires a married couple to reduce their basis in an S corp to account f...

IRS issues final rules on broker reporting of debt instruments and options
The IRS has issued final, temporary and proposed regulations on the requirement that brokers report the basis of debt instruments and options that they sell on behalf of customers. The regulations ...

Medical clinic’s “advances” to newly hired physicians were compensation and not loans
A medical clinic attempted to avoid its liability for employment taxes on compensation paid to newly hired physicians by classifying the payments as "loans." The clinic offered the loans in the amo...

NM - Correction: amendments to high-wage jobs credit applicable June 14, 2013
Recently enacted New Mexico corporate income tax reform legislation generally tightens the eligibility requirements for the high-wage jobs credit. The changes apply to credit claim...

Albuquerque Accounting, Tax, and Bookkeeping Services

Burt & Company CPAs, LLC, is a holistic provider of accounting, tax, bookkeeping, and consulting services for New Mexico small businesses, their owners, governmental and non-profit agencies, and private individuals.

We believe in the value of relationships. We view every client relationship like a partnership, and truly believe that our success is a result of your success.

Burt & Company CPAs, LLC's philosophy is to provide the highest level of quality service to its clients, while adding value to our clients' businesses. This firm has established a superior reputation because we are true to our commitment.  We are committed to providing close, personal attention to our clients. We take pride in giving you the assurance that the personal assistance you receive comes from years of advanced training, technical experience and financial acumen. Our continual investment of time and resources in professional continuing education, state-of-the-art computer technology and extensive business relationships is indicative of our commitment to excellence.

OUR SERVICES

Accounting & Auditing Services

• Annual & interim financial statements
• Compilations
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• Audits
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• Forecasts, projections, & budgeting
• Special procedures reporting
• Agreed upon procedures
• State of New Mexico JTIP audits

Tax Planning & Preparation

• Individuals
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• Business valuations
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Bookkeeping Services

• QuickBooks ProAdvisor on staff
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• Monthly bookkeeping
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