Professional Services

If you’re looking for a firm that will focus on your individual needs, and always treat you like a client who matters, look no further.  Our firm is large enough to offer a full range of professional services, but small enough to give you the individual attention that you deserve.

We will thoroughly and conscientiously study your personal situation, and tailor our advice to your specific needs.

Bookkeeping & Accounting Services

  • Financial statement preparation: reviews and compilations.
  • Monthly, quarterly, and annual financial reporting statements.
  • Implementation of new accounting software packages.
  • Payroll and sales taxes.
  • Accounting assistance.
  • Bookkeeping.
  • General ledger review.
  • Financial assessment reports.
  • Business start-up consulting.
  • Budgeting and forecasting.
  • General business consulting.

If your business does not currently have accounting staff or if your business is outgrowing its current bookkeeping system, we can provide comprehensive bookkeeping and write-up services to ensure the smooth operation of the financial side of your business. As your business needs grow and change, we can provide input and planning assistance to make sure your accounting and financial systems keep pace with your business needs.

Our accountants wear a lot of hats (none of which is a green plastic visor). When you work with WT Babs, you get more than just an accountant – you get a business advisor.

Utilizing their extensive knowledge of financial and business services, our certified public accountants and consultants use your financial details to make big-picture recommendations. For your day-to-day operations, we offer services like bookkeeping, general ledger, internal control review, and financial statement preparation to help you maintain accurate financial and operational information. For broader decisions affecting your business’ future, we can assist you with planning for your cash flow and financing needs and estimating costs through budgeting and forecasting.

Our clients include individuals, partnerships, not-for-profit entities, and small businesses across a variety of industries. We strive to keep your business ahead of the game by acknowledging the unique situations surrounding each business and by being mindful of the competitive and economic trends that directly impact your business.

Regardless of the type of engagement, the size of your business, or your industry, we’ll be aligned as your business partner, helping you make informed decisions to protect the legacy you have worked so hard to build.

BOOK KEEPING: The Basis for Your Business’ Success

We understand that your plate is already full. The tasks of managing bank reconciliations and maintaining your general ledger can be a time-consuming, administrative burden – your time is better spent managing and growing your business. And when you consider how costly bookkeeping errors can be, it becomes clear: Bookkeeping is best left to an experienced accounting professional who understands the complexities of record keeping.

Accurate books are the backbone of a successful business. Comprehensive bookkeeping services can help you improve your business’ overall financial health, spot opportunities for increased profitability, and better manage your cash flow. With bookkeeping services such as monthly operating statements, bank reconciliations, general ledger, balance sheets, financial graphs, and budgets, we can help you better manage your business’ financial records.

Return to Top

Business Consulting/Valuation

As a true business partner, we are available to help you deal with any business problem or opportunity. We stand ready to engage in business consulting projects to help you make the right decisions for the future of your business. Whether you face questions related to expanding, selling or restructuring your business, we have the necessary business acumen and analytical capabilities to help you make the right decisions.

We play a vital role in helping businesses make better use of their resources and increasing efficiency and profitability. With careful planning and help from us, you can learn how to start, manage and successfully grow your business. we can offer advice in such areas as:

  • Small business management
  • Cash management
  • Compensation plan evaluations
  • Growth planning
  • Purchasing or selling a business
  • Measuring the performance of a business
  • Disaster recovery planning

We are trained to look at businesses with an objective eye. We can help you identify weaknesses in your organization and offer suggestions for improvements. We can be your most valuable business partner, one who helps you reach for success.

  • Determine the value of a company or an intangible asset
  • Analyze financial data

Return to Top

Business Entity Selection

The business entity—LLP, LLC, sole proprietorship, partnership, corporation, etc.— that you select for your business has enormous financial and tax implications. It is important that you make the right decision. We can explain each choice and its implications. As your business grows and changes, the type of business entity you choose may need to change also.

Return to Top

Buying or Selling a Business

Few business decisions are more important, complex and potentially business altering than a buy or sell decision. When you are ready to sell your business, we can provide support at every step, including valuing the business, vetting potential buyers, and supporting due diligence. If a buying opportunity presents itself, we can help by providing valuation services, developing negotiation and financing strategies, and managing the due diligence process.

Return to Top

Estate & Trust Tax Preparation

Estate matters affect everyone. By taking proactive steps today, you can ease the way for your heirs during a very difficult time. We can work with your legal counsel to help you to structure your estate and trusts to minimize taxes and ensure the smooth transition to your heirs. We are available to handle all estate and trust tax-related matters.

Return to Top

Financial Analysis

When a business is able to undertake strong financial analysis, it opens up new opportunities to improve management, planning and decision making. Financial analysis provides the numbers to support, reject or contemplate a course of action. Prospective analysis can show how situations may evolve under various scenarios, providing a new dimension to decision making. We are ready to provide this type of financial analysis to support the continued prosperity of your business.

Return to Top

Financial Statements

Financial statements are an important tool for management decision making. Financial statements also represent your business to lenders, partners, potential buyers and other interested parties. We  will work closely with your key personnel to develop and finalize accurate and timely financial statements.

Return to Top

IRS Representation

An IRS audit can be an intimidating and complex process. If you or your business face an IRS audit, we can bring to bear years of experience in dealing with tax matters and IRS audit procedures to ensure that you are properly represented when dealing with the IRS and other tax authorities.

Return to Top

Payroll Services

Constantly changing federal, state and local laws and tax regulations make payroll management an ongoing challenge for business owners. Our payroll services professionals are well versed on these laws and regulations. We can proactively alert you to material changes that will affect your business and your employees while also keeping payroll running smoothly no matter how large your business and your employee population become.

We help you take the guesswork out of payroll processing and administration. Our payroll services are designed to simplify the payroll process, from time entry and check processing, to tax payment and filing.

You don’t have to be a large company to benefit from having an outside payroll service. With today’s complex tax law changes and government-required reporting procedures, in-house payroll and payroll tax preparation can be complicated for many small business owners. Year-end payroll processing can bring even more unanticipated problems as you tackle year-end withholding calculations and adjustments.

Our dedicated team of specialists is ready to help you with your payroll needs today. We offer flexible solutions that are accurate, timely, secure, and reliable. With services created for all types of businesses, we can help you take the pain out of payroll management. Our payroll department offers: check writing; direct deposit; management reports; tax filings, including Federal and State Quarterly 941s, state unemployment wage reports, and Federal 940 deposits; and year-end requirements, including W-2s and W-3s, 1099s and 1096s, State W-3s, and Federal 940s.

Give us a call for a free, no obligation analysis of your payroll needs.

Return to Top

QuickBooks Support

Confidently Manage Your Business Finances

There are only so many seconds in the day. QuickBooks financial software can help you make the most of every second you spend in the back office, so you can spend more time interacting with your customers.

Our Certified QuickBooks ProAdvisors provide guidance from the installation and initial setup of your QuickBooks accounting software to periodic review of your data files and ongoing support services. We’ll help you determine whether QuickBooks Pro, Premier, or Enterprise is the right fit for your business.

Out of the box, QuickBooks is a powerful business tool. But consider all it can do for you when it has been tailored to your business’ exact needs – we can help you setup online banking, integrate add-in products, and develop custom reports. And then we’ll provide you with customized training you need to maximize your QuickBooks proficiency.

If you have been using other accounting or payroll systems, we can facilitate a conversion to QuickBooks. We can also assist with the cleanup of prior incorrect setup or misuse of QuickBooks and help you address data integrity issues.

Return to Top

Sales Tax Services

State and local tax authorities are looking to maximize sales tax collections. We can help you understand and manage your sales tax obligations and prepare sales tax returns in an efficient and timely manner.

Sales and use taxes affect nearly every business type.  And we all have to pay sales tax when we buy things, unless we live in one of the five states that do not have a sales tax: Alaska, Montana, Oregon, New Hampshire, and Delaware. While we live in these United States, the states are not at all united when it comes to sales tax, either in its rate or application.

If you are a business owner operating within a single state with a single business activity, years of experience has helped you understand sales tax in your home state. As a business owner, you collect sales tax on your transactions, but, especially as states become more strapped for cash, auditors are looking to ensure that you have also paid sales tax on your purchases. Making retail sales and collecting the associated sales tax seems easy enough; however, with all the exemptions your customers claim and the accompanying documentation, that seemingly simple process become complex. Even when you sell an exempt service, you must concern yourself with sales tax or use tax on the purchases you make. Add in the intricacies of determining in which state or states you have a business purpose – or nexus – and calculating your sales tax obligations becomes even more daunting.

Whether you are a manufacturer concerned about your exemptions, a retailer concerned about exemption documentation, or a non-profit organization concerned about collecting the required sales tax, WT Babs is highly experienced in helping you navigate the murky waters of multi-state sales and use tax. We have state tax specialists who make it their business to stay current on the discipline of sales and use tax for our clients.  Just ask them!

Return to Top

Tax Preparation, Filing & Planning

Effective tax preparation and planning can help you to minimize your future tax liability. We can help you proactively manage both your personal and your business tax issues, including understanding how upcoming business opportunities impact your tax status and vice versa. Not all tax planning opportunities are readily apparent. By having us on your team, you are more likely to benefit from those opportunities. We understand how the latest federal, state and local tax legislation and other developments affect you and your business and we are constantly identifying new ways to reduce federal, state or local tax liabilities.

Services for Individuals

  • Tax compliance and planning.
  • Tax return preparation.
  • Personal income tax planning.
  • Estate and gift tax planning.
  • Estate and trust administration.
  • Financial planning.
  • Tax services for U.S. citizens abroad.

Services for Businesses

  • Sales and payroll tax return preparation.
  • Income tax return planning and preparation.
  • Income tax preparation and compliance.
  • Income tax planning and consulting.
  • Form of ownership and employee benefits tax planning.
  • Assistance in the selection of accounting methods, legal organization and financial reporting.

Individual Taxes (Both Federal and State):

Has the complexity of multiple new tax laws left you stressed and confused?

Are you a business owner who needs suggestions to help you grow and improve your business?

Are you looking to take advantage of an opportunity to open in a new market, merge, or transition out of your current profession?

Do you want to retire and need assistance on how to get there from here?

Are you looking to start a business from scratch?

…then we would enjoy meeting with you. Our CPAs and staff take an active approach – active listening, that is, to determine if we can help you reach your goals. We offer tax planning and preparation services for a diverse group of individuals. Can we solve your specific problem? Maybe. We want to get to know you before we decide if we can help you, your business, and your family.  So, relax, and come in for a free meeting to see if we’re a good fit for you.

Business Taxes (Both Federal and State)

Federal and state tax laws are a revolving door, and with regulations constantly in flux, corporations are at an increased risk of noncompliance. WT Babs offers a full complement of tax planning and preparation services for privately held companies, including S Corporations, closely held companies, and limited liability companies. Our service delivery model focuses on compliance as we help you identify and pursue opportunities to minimize your tax liability and manage your tax risk.

Our proactive approach emphasizes the application of practical tax strategies to improve your bottom line now and best position your business for future growth.  We put our knowledge, experience, and resources to work for you.

Return to Top

Call today to schedule an appointment!