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Accounting Services in Farmington, NM

For over 40 years, Steve Oldfield & Associates have been delivering financial and accounting services in Farmington, NM. We take pride in collaborating with both individuals and businesses throughout the Four Corners Area, helping them with a diverse range of needs.

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Personalized Tax & Financial Services from Local Experts

Our accountants and support staff have the skills and experience to help you understand and take charge of your financial future.

As a small, locally owned company, we are dedicated to providing each of our clients with personal, quality tax and financial services at reasonable prices. 

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âś“ ADVISORY SERVICES âś“ FAMILY WEALTH ENHANCEMENT
âś“ BOOKKEEPING âś“ COMPLEX TAX SITUATIONS

To learn more about our accounting firm, tax services, or for any general inquiries, feel free to contact us today.

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ABOUT STEVE OLDFIELD & ASSOCIATES

Our team of certified public accountants, accountants, and support staff are dedicated to helping you understand your financial situation and create a secure financial future for you, your family or business.

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TAX & ACCOUNTING SERVICE

The team at Steve Oldfield & Associates have provided clients with up to date, personal and affordable financial & tax services including: bookkeeping, financial planning, business consulting, tax returns & more.

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Reliable Tax & Financial Services You Can Trust

For over 40 years, Steve Oldfield & Associates has been a trusted provider of tax and financial services in Farmington, NM. Our team of dedicated accountants is committed to helping you navigate your personal or business financial needs. Proudly serving individual and commercial clients across the Four Corners and San Juan County.

FAQS

  • What's the Status of My Federal Tax Refund?

    The Internal Revenue Services provides this tool to show the status of your federal refund at this IRS website 

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  • What's the Status of My State Refund?

    You can check the status of your New Mexico state tax refund by Clicking the button below

    (Scroll down to the Personal Income and click Where’s my Refund?)

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  • When I Owe Taxes Will an Extension Prolong the Due Date for My Payment of the Taxes Due?

    No, any taxpayer paying 2023 income taxes owed after April 15, 2024 will be charged interest at the rate of 6% per annum and incur a failure to pay penalty of .5 percent for each month to a maximum of 25%.

  • Where Do I Report Beneficial Ownership Information?

    Small business LLC and corporate owners with business income under $5 million per year, are required to file their beneficial ownership information with the financial crimes enforcement office. This office has the authority to issue fines of $5,000. You can find details and the link to file the information online at their website https//fiportal.fincen.gov

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  • If I Sell Land Will I Qualify For A Like Kind Exchange?

    A like kind exchange is closely scrutinized by the IRS. You will need to follow the basic rules closely. First you will need to have a third party escrow agent that will hold the sales proceeds. You have forty five days to notify the escrow agent of your plans. You have 180 days to close on a new property. Any original sales proceeds that you keep will create taxable income. If you are planning this transaction we would encourage you to contact us for further information.
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