| WALLACE & ASSOCIATES, APC |
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| Our firm offers a wide range of services to our individual and business clients. Because our firm is relatively small, our clients benefit by getting personalized, quality service that is beyond comparison. Below we have listed the accounting and tax services that we offer to our clients along with a brief description. As the list below is by no means all-inclusive, please feel free to inquire about a service if you do not see it listed. If it is not a service we provide, we would be more than happy to refer you to a qualified professional. |
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| (Click Service Title For Details) |
| International Taxation |
| Our experience with the taxation of U.S residents and companies working/operating abroad and foreign citizens and companies working/operating in the U.S. has provided us with an extensive base of knowledge in the area of international taxation. |
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| Accounting Services |
| Providing financial information to our clients in a timely and accurate manner is a commitment that we feel cannot be compromised. Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis. Our firm provides a full range of cost effective accounting services including the following: *General ledger & financial statement preparation *Bookkeeping (Monthly/Quarterly/Annual) *Accounting system setup for new businesses *Computerized payroll services *Business tax return preparation (Sales & Use/Business Property) *Personal financial statements *Litigation support |
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| Audits, Reviews and Compilations |
| We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company's profitability and efficiency. We provide financial reporting on all three levels of assurance: *Audit- an intensive examination with the highest level of assurance *Review - some analytical procedures conducted with limited assurance *Compilation - based upon client information provided and used primarily for internal use. |
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| Bankruptcy Related Accounting & Tax Preparation |
| Filing for bankruptcy is a serious and involved process with many legal and tax issues. Our firm is familiar with the complexities of the bankruptcy filing system and can competently guide you through the process. |
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| Cash Flow & Budgeting Analysis |
| A business can be profitable and still run into trouble due to cash flow issues. We can forecast and evaluate your company's financial condition, estimate financing requirements, and track cash-flow sources and uses. |
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| Corporate/LLC Formation |
| The structure of a business including selection of a proper type of entity can have a substantial effect on business operations and taxation. We offer reasonably-priced services to form corporations, LLCs and partnerships. We also can serve as agent for service of process for various entities. |
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| Estate & Trust Tax Planning & Preparation |
| Effective estate and gift planning facilitates the orderly transfer of assets to your beneficiaries, provides security for your surviving spouse, and can reduce or eliminate the tax due on the transfer of your business and other assets. For business owners, providing for business continuity and succession of ownership is essential. We can guide you through the complex process of getting your financial affairs in order. |
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| Foreign Company Services |
| It is sometimes challenging for a foreign company to start operating in the United States. Challenges might include choice of proper entity, opening bank accounts, complying with various local filing requirements and having a US mailing address to receive and process government correspondence. We can serve as your center for such activities. |
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| IRS Representation |
| During our years of experience dealing with many taxing authorities, we have achieved a level of competence that can ensure our clients they are being properly represented before the various federal and state tax agencies. |
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| Offer in Compromise |
| Do you know you might be able to settle your outstanding debt with IRS for a fraction of the total balance due if you meet certain criteria? Please contact our office to see if you qualify. |
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| Payroll Services |
| As a business grows, it must hire more employees, which can result in increased payroll administration. We can assist you in implementing the controls necessary to ensure a reliable, efficient, and effective payroll system. Our firm can also help you develop a payroll system and prepare all necessary payroll tax returns in a timely manner. |
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| Sales Tax Services |
| Many of our clients are responsible for collecting and submitting sales taxes in many different vicinities. We can assist your company in the compilation of information and preparation of sales tax returns in an efficient and timely manner. |
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| Tax Planning & Preparation |
| Tax planning and preparation forms are a winning combination for our successful individual and business clients. Whether you are an individual or a multi-tiered partnership, our experienced staff can develop tax strategies that take advantage of new tax laws and legislation. |
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| Other Services |
| Due to our diverse client base, we encounter a wide array of financial and tax issues. As a result, we have gained valuable experience over the years in numerous specialized areas, many of which are listed below. We feel our ability to provide such a variety of services reflects our versatility and competency, as well as our dedication to quality client service. *IRS Installment Agreements *Mergers & Acquisitions Taxation *Asset protection *Bankruptcy Related Accounting & Tax Preparation *Litigation support *Employee benefit plans *Internet commerce *Expert witness services *Real estate taxation *Foreclosures and short sales *Foreign Bank Account Amnesty *Governmental Audits |
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