Business Details
About
AccountantTax Preparation Service
Southwest Accounting Pros, LLC provides professional tax and accounting advisory services in Albuquerque, NM.
Details
- Requires appointmentAvailable
- Online appointmentsAvailable
- RestroomAvailable
- Onsite servicesAvailable
Location
Southwest Accounting Pros, LLC
1128 Pennsylvania St NE, Albuquerque, NM
87110, United States
Hours
Reviews
5.0
1 reviews
5 stars
1
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1 star0
- RMRalph McClishMar 6, 20245.0I worked with Larry Filener and Sam Valenzuela for over four years. I find SWAP to hire very professional, diligent, and responsive accountants. They are very easy to work with, and they give me great financial advice.
Frequently Asked Questions About Southwest Accounting Pros, LLC
What is the best business entity for my closely held business?
There are particular advantages to C corporations, S corporations, and LLCs, but each would need to be explored for your current and future business plans. Election of an entity is important for many tax and planning reasons, so Southwest Accounting Pros, LLC works to ensure all considerations are taken for the best long-term results.
When is the best time to sell or transfer my business?
There are many variables that should be taken into consideration. The timing of the business transfer, the advantages to the owner(s), the benefits, and income from the transition are all things that need to be carefully understood. Additionally, laying out a plan for the best results takes time, and Southwest Accounting Pros, LLC works with clients to understand all of these considerations and develops plans for the best results.
When is the best time to plan for my retirement from my closely held business?
In reality, today is the first day! Transferring a closely held business, or even shutting down, has particular planning issues that need to be explored, including asset distribution, benefits planning, income and taxes. The best timeline is at least three years in advance, but the longer you work with Southwest Accounting Pros, LLC, the more successful your transition to retirement will be.
What is the best business entity for my real estate holdings?
Typically, closely held real estate businesses should work to diversify their liability due to exposures that may exist with the holdings. LLCs can protect a closely held business owner, but the structure of those LLCs should be made carefully and with future planning involved.
How can I leverage my business for the best advantage for my retirement?
There are many ways a business owner can leverage their business for current and future benefits for income, benefits, and retirement. Working with Southwest Accounting Pros, LLC, we will get to understand your current and future needs and help design plans that take advantage of tax as well as benefits planning.
I want to close up shop and go to the beach tomorrow. Why is that not a good idea?
There are many implications to the transfer, sale, or closing of any business. Closely held businesses are the same. Careful planning for taxation of income, consideration of future potential income and retirement benefits, ongoing business concerns for employees, clients, and family, and particular licensing concerns for professional service businesses all need to be taken into consideration. The best plan is long-term, so the beach may only be a weekend thing for a bit.
I want my kids to take over, so how can I take advantage of that for myself and my business?
Within a closely held business there are considerations for participation that need to be made. Planning for retirement income for you while making sure your family continues to make a living is only part of the planning process. Southwest Accounting Pros, LLC can help design a long-term plan that takes advantage of tax and benefits opportunities today for you and your family.
Do you do accounting and bookkeeping for businesses?
While we are a full-service accounting firm, we specifically focus on being a full-service accounting and benefits planning firm for closely held businesses. Our background is based in oil and gas, real estate, professional services, and construction, but our team is well versed in many other sectors.
What is the benefit of a fixed-fee accounting firm?
Southwest Accounting Pros, LLC works on a fixed-fee format as we believe in being a holistic accounting and planning firm. Our in-depth approach allows us to provide services without creating concerns about additional hourly charges. When you choose us, you never have to worry about unknown costs.
Do you work with business owners on their own tax and benefits planning?
As a practice that focuses on closely held businesses, we work with our clients on their personal tax and benefit planning as well. A natural extension to taking care of the business, we take care of the owners of those same businesses as well.
What types of business entities does Southwest Accounting Pros, LLC advise on for closely held businesses?
They provide guidance on C corporations, S corporations, and LLCs, exploring advantages for your current and future plans to ensure optimal tax and planning outcomes.
When is the ideal time to plan for selling or transferring a business?
Timing depends on various factors including owner benefits and income considerations. Planning ahead with Southwest Accounting Pros, LLC helps develop strategies for the best results.
How far in advance should I plan my retirement from a closely held business?
Retirement planning should start at least three years in advance to address asset distribution, benefits, income, and taxes, making the transition smoother.
Does Southwest Accounting Pros, LLC assist with accounting and bookkeeping services?
Yes, they specialize in full-service accounting and benefits planning for closely held businesses, with expertise in sectors like oil and gas, real estate, professional services, and construction.
What payment methods are accepted at Southwest Accounting Pros, LLC?
They accept American Express, Check, Discover, MasterCard, and Visa for your convenience.
What are the business hours of Southwest Accounting Pros, LLC?
They are open Monday through Friday from 8:30 AM to 5:00 PM and closed on weekends.
Is Southwest Accounting Pros, LLC accessible for individuals with disabilities?
Yes, they have wheelchair-accessible entrances, seating, and restrooms to accommodate all clients.
Are appointments required to meet with Southwest Accounting Pros, LLC?
Yes, appointments are required, but they also offer online appointment options for flexibility.
What nearby legal services can clients visit before or after their appointment at Southwest Accounting Pros, LLC?
Clients can visit nearby legal professionals such as Affordable Law, Barrera Law Firm, Wolf and Fox, Carmody Law Offices, or The Garrison Law Firm for comprehensive legal assistance.
Are there any nearby facilities offering health and personal care services near Southwest Accounting Pros, LLC?
Yes, nearby options include Consumer Direct Care Network New Mexico and Companion Care, providing home health care and retirement home services.
What nearby amenities can clients enjoy around Southwest Accounting Pros, LLC?
Clients can relax or stay overnight at Hotel Cascada or explore local beauty salons like Amorfia.Beauty and Terra Verde Beauty near the office.