Golden, Seward, Kelley & Emmons LLC is a full-service accounting firm located in Roswell, New Mexico. We can provide you with assistance in all your tax, financial, and business affairs - assistance that will improve your total financial well-being. We want you to get the best financial and tax help possible. Please explore our website to discover the many ways we can serve you.
If you have a question that is not addressed here, please contact us via e-mail or by phone at (575) 622-1100.
If you have a question that is not addressed here, please contact us via e-mail or by phone at (575) 622-1100.
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If you could have one of the following as your pay for thirty days' work, which would you choose?
The $10,000 sounds very attractive, but the fact is that the penny doubled each day for thirty days adds up to over five million dollars.
Of course, that is 100% interest compounded daily, a rate not available to most of us working folk.
Nevertheless, this example shows you the power of compounding on your investment earnings.
You can get rough answers to your financial questions by using the following calculators and making a few estimates on your part.
The $10,000 sounds very attractive, but the fact is that the penny doubled each day for thirty days adds up to over five million dollars.
Of course, that is 100% interest compounded daily, a rate not available to most of us working folk.
Nevertheless, this example shows you the power of compounding on your investment earnings.
You can get rough answers to your financial questions by using the following calculators and making a few estimates on your part.
More importantly, we can help you use these statements, as well as other reports, to better manage your business and increase your profitability.
Prepare financial reports monthly.
For year-to-date comparisons and to make quick management decisions, financial reports must be done monthly.
Current ratio - Current assets divided by current liabilities will measure your ability to pay your current debts.
Debt to equity ratio - Total liabilities divided by net worth will provide you with a year-to-year comparison of your ownership in the company.
Prepare financial reports monthly.
For year-to-date comparisons and to make quick management decisions, financial reports must be done monthly.
Current ratio - Current assets divided by current liabilities will measure your ability to pay your current debts.
Debt to equity ratio - Total liabilities divided by net worth will provide you with a year-to-year comparison of your ownership in the company.
Tax records should be kept on a year-round basis, not hastily assembled just for your annual tax appointment.
Without tax records, you can lose valuable deductions by forgetting them on your tax return, or you may have unsubstantiated items disallowed if you are audited.
Generally, returns can be audited for up to three years after filing.
However, the IRS may audit for up to six years if there is substantial unreported income.
The three and six year limits start with the filing of a tax return; if no return is filed, the time limit never starts to run.
Without tax records, you can lose valuable deductions by forgetting them on your tax return, or you may have unsubstantiated items disallowed if you are audited.
Generally, returns can be audited for up to three years after filing.
However, the IRS may audit for up to six years if there is substantial unreported income.
The three and six year limits start with the filing of a tax return; if no return is filed, the time limit never starts to run.
We monitor the changes in the tax law that could affect you and recommend tax-saving strategies.
We will prepare all your tax returns and serve as your advocate in all tax matters.
If you are contacted by any government agency concerning your tax matters, your first call should be to us.
We will take care of it so that you can get on with your business.
There is a certain mystique that has grown up around tax planning and tax-cutting techniques.
We are here to put tax planning in plain English for you.
We will prepare all your tax returns and serve as your advocate in all tax matters.
If you are contacted by any government agency concerning your tax matters, your first call should be to us.
We will take care of it so that you can get on with your business.
There is a certain mystique that has grown up around tax planning and tax-cutting techniques.
We are here to put tax planning in plain English for you.
Today's tax laws are so complicated that unless your financial affairs are extremely simple, chances are you will benefit from at least occasional help from a tax professional.
It is too easy to overlook deductions and credits to which you are entitled if you prepare only one return a year.
Even the use of computer software is no substitute for the assistance of a seasoned tax preparer.
We prepare hundreds of tax returns every year.
We know what to look for when your return is prepared.
More importantly, you will have someone to answer your questions during the rest of the year.
It is too easy to overlook deductions and credits to which you are entitled if you prepare only one return a year.
Even the use of computer software is no substitute for the assistance of a seasoned tax preparer.
We prepare hundreds of tax returns every year.
We know what to look for when your return is prepared.
More importantly, you will have someone to answer your questions during the rest of the year.
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