Our Services

Discover a comprehensive range of attestation services  tailored to meet your specific needs.

Our Services

Welcome to Watter CPA, your trusted partner in accounting and advisory services. Located in Rockville, Maryland, we take pride in offering personalized service to our clients nationwide including a substantial number of New York and expat clients. We are dedicated to providing a comprehensive range of accounting, tax, and consulting services designed to meet the needs of individuals, small businesses, families, and non-profit organizations.

Tax Services

At Watter CPA, we understand that tax preparation and planning can be overwhelming. Our goal is to simplify the process and ensure that you maximize your tax benefits while staying compliant with all regulations. Our tax services include:

Individual Tax Preparation

At Watter CPA, our individual tax preparation services are designed to simplify your tax season and ensure you maximize your tax benefits. We offer specialized assistance in equity planning, helping you manage and strategize your equity compensation to minimize tax liabilities. Our capital gains planning service provides expert guidance on managing your investments to achieve optimal tax outcomes. Additionally, we offer inheritance planning, assisting you in handling inheritances in a way that maximizes benefits and minimizes tax implications. Trust us to navigate the complexities of your personal finances and deliver precise, compliant tax preparation.

Business Tax Preparation

We support businesses with comprehensive tax preparation services tailored to meet their unique needs. Our business tax consulting service offers expert advice to optimize your tax position. We provide business structure planning, guiding you on the most tax-efficient structures such as S-Corps, MMLLCs, and SMLLCs. Our tax minimization planning helps you implement strategies to reduce your business tax liabilities. Whether you're a sole proprietor, partnership, LLC, or corporation, our team ensures you navigate the complexities of business taxes with ease and compliance.

State Tax Compliance

Navigating the varied and complex state tax laws can be challenging. At Watter CPA, we help you stay compliant with state tax regulations across all jurisdictions. Our state tax compliance service includes preparing and filing state returns, managing state-specific tax issues and ensuring you meet all regulatory requirements. We are dedicated to helping you understand and navigate state tax laws to avoid penalties and optimize your tax position.

Non-Profit Tax Services

Non-profit organizations face unique tax challenges and requirements. At Watter CPA, we offer specialized tax services to help non-profits navigate these complexities. Our services include preparing and filing annual tax returns, ensuring compliance with federal and state regulations, and advising on tax-exempt status maintenance. We help you understand and manage the intricacies of non-profit tax laws, allowing you to focus on achieving your mission while remaining compliant.

CPA Services

Our CPA services are designed to support your financial well-being and business success. We offer a range of services to keep your financial operations running smoothly and efficiently.

Audit Services

Our audit services provide thorough and objective assessments of your financial statements, ensuring compliance with regulatory requirements. We offer valuable insights into your business operations and financial health, helping you identify areas for improvement and ensuring transparency and accuracy in your financial reporting.

Bookkeeping

Accurate bookkeeping is the foundation of a successful business. Watter CPA offers comprehensive bookkeeping services to help you maintain precise financial records. Our services include tracking income and expenses, ensuring compliance with accounting standards, and preparing for tax season, allowing you to focus on running your business.

Non-Profit Bookkeeping Services

Non-profit organizations have unique accounting needs, and our specialized bookkeeping services are designed to meet those needs. We help you maintain accurate and transparent financial records, ensuring compliance with regulatory requirements and providing the financial clarity needed to achieve your mission.

Payroll Services

Managing payroll can be complex and time-consuming. Our reliable payroll services handle all aspects of payroll processing, from wage calculations and tax withholdings to reporting. We ensure your employees are paid accurately and on time, allowing you to focus on other aspects of your business.

Financial Reporting

Understanding your financial position is crucial for making informed business decisions. Our financial reporting services provide detailed and accurate financial statements, including balance sheets, income statements, and cash flow statements. We help you analyze these reports to gain insights into your business performance and plan for future growth.

Advisory Services

Our consulting services are tailored to help you achieve your business and financial goals. We provide expert advice and strategic planning to drive growth and success.

Tax Advisory Services

Our tax advisory services are designed to help you navigate the complexities of tax planning and compliance. We offer strategic tax planning and strategy services, helping you develop and implement plans to optimize your tax position. Additionally, our tax compliance services ensure you meet all regulatory requirements, minimizing the risk of audits and penalties.

Accounting Advisory Services

Watter CPA’s accounting advisory services provide the support you need to maintain accurate and effective financial operations. We offer financial statement preparation services, ensuring your financial reports are precise and compliant with accounting standards. Our accounting system setup and support services help you establish and maintain robust accounting systems, providing the foundation for accurate financial management and reporting.

Our Commitment to Personal Service

At Watter CPA, we pride ourselves on our commitment to providing personalized, community-focused service. We understand the unique needs of our clients and are dedicated to building long-lasting relationships based on trust and mutual respect. Our team is always available to answer your questions, provide guidance, and ensure you feel confident and supported in your financial decisions.

Why Choose Us?

  • Local Expertise: We have deep roots in the Maryland and DC area and understand the specific needs of our community.
  • Personalized Service: We take the time to get to know you and your business, offering tailored solutions that meet your unique needs.
  • Comprehensive Support: From tax preparation to financial planning, we provide a full range of services to support your financial success.
  • Trusted Advisors: Our experienced team is dedicated to providing you with expert advice and reliable support.

Thank you for considering Watter CPA as your trusted partner in accounting and advisory services. We look forward to serving you and helping you achieve your financial goals with confidence and clarity. Contact us today to learn more about how we can assist you.

Additional Services:

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ytcarol
Local Guide · 98 reviews
★★★★★ Google
9 months ago

I needed an IRS Form 1041 to be completed for my mother's estate, but I was only one week from the fiscal year deadline. Having found this responsive company, after being put off by many firms, I was pleased at the prompt and clear email communication. I cannot recommend Watter CPA high enough!

NH
Nita Hight
2 reviews
★★★★★ Google
a year ago

About seven years ago, we found the firm of Kenneth J. Watter, CPA. Since then, we no longer had to struggle through confusing tax codes. They prepared our returns with no errors and on time. Ken, Alice and the office staff are the best and we highly recommend them.

TM
Tom Myers
3 reviews
★★★★★ Google
a year ago

I have been a client of Kenneth J. Watter, CPA, PA for fifteen years. The firm is courteous and professional no matter which accountant handles my return. Although this firm is an hour away from where I live, I highly recommend them for any taxpayer in the Maryland area.

CV
Chris Vonklock
2 reviews
★★★★★ Google
a year ago

Alice and Katherine have been helping with my taxes for many years now. I am super happy with the experience and will keep coming back. My taxes have some quirks that require attention and I'm really glad to have found Kenneth's firm.

TL
Tonya L.
San Francisco, CA
★★★★★ Yelp
Nov 18, 2024

I have used this Ken Watter CPA practice for the past few years. Ken helped build my capacity as an S-Corp, and Alice and her team members have continued this excellent service. I highly recommend Ken Watter CPA to individuals and small business owners.

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Alexander P.
Minneola, FL · 25 reviews
★★★★★ Yelp
Dec 14, 2024

Ken's office has been instrumental in getting (and keeping) my tax situation organized for the last several years. Through career changes, moves, etc., they have supported my ever increasingly complex taxes. I recommend them to any friends and family.

SN
Shoba N.
Rockville, MD · 27 reviews
★★★★★ Yelp
Jul 17, 2022

I have had Ken and his team do my business and personal taxes for over a decade and have nothing but positive things to say. Knowledgeable, efficient, client friendly, helpful and courteous. Emails and phone calls are promptly returned. No complaints whatsoever.

YC
ytcarol
Local Guide · 98 reviews
★★★★★ Google
9 months ago

In this company, I found professionalism, personal courtesy, efficiency and good natured individuals along the way. I was so relieved to be sent verification of IRS having accepted the forms during a family member's hospitalization. I cannot recommend Watter CPA high enough!

TL
Tonya L.
San Francisco, CA
★★★★★ Yelp
Nov 18, 2024

Alice and her team members have continued this excellent service. I am very appreciative of their responsiveness and support. I highly recommend Ken Watter CPA practice to individuals and small business owners seeking hands-on services.

Faq's

Frequently Asked Questions

At Watter CPA, we believe that understanding your needs is the first step toward providing exceptional service. Determining the specific service required involves a thorough review of your financial situation, which is only possible with proper documentation and accurate data. This approach helps us deliver tailored solutions that best meet your needs and compliance requirements.

Below, you will find answers to some of the most frequently asked general questions. If you have more specific inquiries or require additional information, please feel free to Contact Us.

General Questions

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What types of tax planning services do you offer?
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How often should I meet with my CPA?
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Can you help with IRS issues or tax problems?
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What is the process for starting a new business with your help?
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Do you offer virtual consultations?
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How do you ensure the confidentiality and security of my financial information?
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What should I do if I receive a tax notice from the IRS?
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How do I get started with Watter CPA?
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Do you electronically file my tax return or do I have to mail it in myself?
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Do you prepare out-of-state tax returns? 
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Can you help with Cryptocurrency, Blockchain, or NFTs?
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Can you file an extension for my tax return?
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What documents do I need to bring to do my taxes?
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Should I file my tax return as Married Filing Joint or Married Filing Separate?
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My child is in college. Can I still claim them on my tax return? 
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I received an inheritance. Do I have to report that on my tax return? 
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My elderly parents are not sure if they have filed taxes for the past few years. Can you help me find out? 
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My ex-spouse claimed our child erroneously on their tax return. What can I do? 
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