Business Details
Trusted CPA Services for Individuals and Businesses
Timothy L Donovan CPA PC has served individuals and businesses across the United States for over four decades, combining deep accounting expertise with personalized service. Founded by Tim Donovan, a licensed CPA in New Mexico and Oregon with specialized CIRA certification, the firm offers comprehensive tax planning, IRS audit representation, and business consulting services. Our team leverages decades of experience in public accounting and turnaround management to address complex financial challenges, including IRS penalty abatements, business transitions, and compliance with evolving tax laws like the One Big Beautiful Bill Act.Mary A. Donovan and Heather L. Donovan support operations with expertise in bookkeeping, office management, and property management. We prioritize year-round client support, senior and military discounts, and proactive financial guidance tailored to small businesses and individuals navigating tax complexities.
Services
Tax Planning
IRS Audit Representation
Business Consulting
Turnaround Services
BOI Reporting Assistance
Highlights and features
- We offer 40+ years of experience in accounting and tax resolution.
- Our team includes CIRA-certified professionals for complex financial restructuring.
- We provide year-round IRS audit representation and penalty abatement services.
- Personalized financial planning tailored to small businesses and individuals.
- Senior and active military discounts available for our services.
Associations and certifications
- CPA (New Mexico)
- CPA (Oregon)
- CIRA (Certified Insolvency & Restructuring Advisor)
Services
Tax Planning
Our tax planning services help individuals and businesses minimize liabilities through strategic deductions, credits, and compliance with current tax laws. We analyze financial situations to create customized plans that align with long-term goals while ensuring adherence to federal and state regulations. Clients benefit from proactive advice on investment decisions, retirement planning, and business structure optimization.
IRS Audit Representation
We provide expert IRS audit representation to resolve disputes over tax assessments, liens, and levies. Our team negotiates payment plans, penalty abatements, and settlements while ensuring accurate documentation. With decades of experience, we advocate for clients during audits to achieve favorable outcomes and reduce financial stress associated with tax controversies.
Business Consulting
Our business consulting services focus on helping small businesses navigate financial challenges, including cash flow management, valuation, and operational transitions. We offer tailored advice on equipment purchases, hiring decisions, and inventory control. Clients receive strategic guidance to improve profitability and sustainability in competitive markets.
Turnaround Services
Turnaround services assist businesses facing financial distress through cash flow stabilization, creditor negotiations, and recovery planning. We collaborate with specialized professionals to implement three-step strategies: stabilizing operations, developing recovery plans, and executing solutions to restore profitability and long-term viability.
BOI Reporting Assistance
We help businesses comply with Beneficial Ownership Information (BOI) reporting requirements under the Corporate Transparency Act. Our services include preparing and filing BOI reports, verifying entity exemptions, and ensuring accurate documentation to avoid penalties associated with non-compliance.
People
Timothy L Donovan
CPA, MBA, CIRA
Tim has 40+ years of public accounting experience, specializing in tax resolution and business turnaround management. He holds CPA licenses in New Mexico and Oregon and is a Certified Insolvency & Restructuring Advisor.
Mary A. Donovan
Office Manager
Mary has managed office operations since 1982, specializing in bookkeeping, QuickBooks training, and business record organization. She holds a BA in Interdisciplinary Studies from Marylhurst University.
Heather L. Donovan
Property Management Specialist
Heather brings over a decade of property management experience, focusing on rental property organization and operational efficiency. She specializes in streamlining chaotic systems for small businesses.
Questions
What tax services does Timothy L Donovan CPA offer?
We provide tax planning, preparation, IRS audit representation, penalty abatement, and compliance services for individuals and businesses.
Can the firm help with IRS audit issues?
Yes, we specialize in IRS audit representation, including resolving tax liens, levies, and disputes over assessments.
Do you serve clients outside New Mexico?
Yes, we work with clients nationwide through remote consultations and digital document management.
What is the One Big Beautiful Bill Act's impact on taxes?
The BBB Act increases standard deductions, allows new car loan interest deductions, and reduces credits for energy-efficient home improvements.
Are there discounts for seniors or military members?
Yes, we offer senior and active military discounts on our accounting and tax services.
