Founded in 1988 by Ken Watter, our firm serves the DC-Maryland area and clients nationwide with a reputation for excellence.
Kenneth J. Watter, CPA, P.A. is your trusted partner in accounting and advisory services. Located in Rockville, Maryland, we have been serving clients across various industries since 1988. Our firm, founded by the esteemed Ken Watter, has built a reputation for excellence, providing senior-level tax, bookkeeping and consulting services tailored to meet the unique needs of each client.
We honor the legacy of Ken Watter, who passed away on December 4, 2023. Ken was a highly successful Certified Public Accountant and a dedicated community member in Montgomery County. His commitment to excellence and unwavering dedication to his clients have left an indelible mark on our firm.
Today, the firm continues to thrive under the leadership of George Dimov, CPA, and Alice Welch, CPA. Both George and Alice are dedicated to upholding the high standards and principles that Ken established, ensuring that our clients continue to receive exceptional service.
We offer a comprehensive range of services to meet the diverse needs of our clients:
George Dimov brings a wealth of experience and a forward-thinking approach to accounting and advisory services. His innovative thinking and dedication to excellence play a crucial role in maintaining and enhancing our firm's reputation.
Alice Welch joined the firm in 2012 and quickly rose through the ranks to become a Partner in 2020. Her technical expertise, business acumen, and passion for service ensure our clients receive the highest level of support. Alice oversees our tax compliance and advisory segments, leads key client initiatives, directs staff development, and shapes the firm’s strategic direction alongside George.
At Kenneth J. Watter, CPA, P.A., we approach every engagement as an accountable, transparent partnership focused on our client's growth and success. We take the time to deeply understand our client's operations and objectives, allowing us to provide informed recommendations that drive measurable impact.
We invite you to explore our website to learn more about our services and how we can assist you. Whether you need help with tax preparation, bookkeeping or tax advisory services, our team is here to support you.
Thank you for considering Kenneth J. Watter, CPA, P.A. 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.
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Frequently Asked Questions: FAQ
We bring a unique blend of expertise, experience, and innovation to our advanced engagements to meet the evolving needs of businesses and industries. We are peer-reviewed with clients in all 50 states for reliable, detailed and quick audits.
Stay compliant and gain credibility with our expert auditing services.
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.
We offer a wide range of tax planning services, including individual and business tax planning, estate and trust planning and retirement planning. Our goal is to help you minimize your tax liability and ensure compliance with all relevant tax laws.
The frequency of meetings with your CPA depends on your specific needs and circumstances. For some clients, quarterly or annual meetings may be sufficient, while others may benefit from more frequent consultations, especially during major financial or business changes.
Yes, we provide comprehensive support for resolving IRS issues and tax problems. Our services include audit representation, negotiating payment plans, handling tax liens and levies and assisting with offers in compromise. We aim to help you navigate and resolve your tax issues efficiently.
Starting a new business with our help involves several key steps:
1. Initial consultation to understand your business idea and goals.
2. Assistance with business entity selection (e.g., LLC, corporation).
3. Guidance on registration and compliance with local, state and federal regulations.
4. Setting up accounting systems and procedures.
5. Ongoing support with bookkeeping, tax planning and financial reporting.
Yes, we offer virtual consultations to accommodate clients who prefer remote meetings. This allows us to provide our services regardless of your location, making it convenient and flexible for you to receive the support you need.
We take the confidentiality and security of your financial information very seriously. Our firm employs robust security measures, including secure data storage, encrypted communications and strict access controls. We are committed to maintaining your privacy and protecting your sensitive information.
If you receive a tax notice from the IRS, it is important to contact us immediately. We will review the notice, explain its implications, and help you respond appropriately. Our team will work with you to resolve any issues and ensure compliance with IRS requirements.
Getting started with Watter CPA is easy. Simply contact us to schedule an initial consultation. During this meeting, we will discuss your needs, explain our services and determine how we can best support you. From there, we will develop a customized plan to address your financial and accounting requirements.
Yes, we e-file most tax returns. If a paper filing is required, we prepare it for certified mailing and ensure its delivery to the appropriate taxing authority.
Yes, we routinely prepare tax returns for all U.S. states and territories as well as necessary city or locality returns.
Yes, our tax professionals can evaluate your holdings and determine the most efficient and cost-effective way to report your assets.
Yes, we file extensions for our clients. Note that filing an extension grants additional time for filing the tax return but does not extend the due date for any taxes owed.
Common documents needed include:
- W-2 (wages)
- 1099-NEC (independent contractor income)
- 1099-MISC (rents)
- 1099-INT (interest)
- 1099-R (retirement)
- 1099-SSA (social security)
- 1099-DIV (dividends)
- K-1 (from partnership, S-corp, or trust)
- 1095-A, 1095-B, 1095-C (health insurance)
- Property Taxes
- Closing Disclosure (real estate transactions)
- Income and Expenses records for Schedule C business or Schedule E rental property
- Cryptocurrency transactions
This depends on your personal situation. We calculate the tax outcomes for both options to determine the most advantageous filing status for you.
In certain situations, yes. Contact us so we can learn more about your situation and advise you on the best filing option.
This depends on the type and method by which you received the inheritance. Contact us to learn more about inheritance reporting and filing requirements.
Yes, we can prepare state and federal Power of Attorney forms to access transcripts and determine which returns have been filed.
We can help you remedy the situation to properly claim your child/children on your return when we prepare and file your return.
For more detailed information or specific queries, feel free to Contact Us. Our team is here to provide the clarity and support you need to navigate your financial and tax-related questions effectively.
We have more than 16 years of experience auditing financial statements in varied industries, including technology, buy & sell-side finance, biotech, retail, E-commerce, digital assets, real estate, manufacturing and logistics accounting.
Our firm offers financial statement audit services to businesses of all sizes and industries. We work closely with our clients to tailor our approach to their unique needs ensuring that our audits are efficient, effective, and comply with regulatory standards.
Our audit firm has a global reach with a focus on providing expert audit services to businesses operating in multiple jurisdictions. We have a team of experienced professionals with extensive knowledge of international accounting and auditing standards to ensure compliance with local regulations and industry best practices.