Advisory Services

Advisory Services

Overview

Advisory Services

At Watter CPA, we pride ourselves on providing personalized, expert advisory services to our valued clients. Based in the heart of Maryland, our small, family-oriented firm has built a strong reputation for excellence in tax and accounting services, not just locally, but nationwide. We serve clients from Maryland and the DC area to New York and across all 50 states, ensuring every client receives the focused and customized attention they deserve. Our goal is to make your financial journey smooth, efficient and beneficial.

What’s Included in the Services?

Tax Advisory Services

A. Tax Planning and Strategy

Effective tax planning is crucial for financial success. At Watter CPA, we offer comprehensive tax planning services tailored to meet the unique needs of each client. Our team of seasoned professionals works diligently to stay abreast of the latest tax laws and regulations, ensuring that our clients are always in the best possible position.

Personalized Tax Strategies:

We understand that each client's situation is unique. Our tax planning services are customized to address your specific needs and goals. Whether you are an individual looking to minimize your tax liability or a business owner seeking to maximize profits, our tailored strategies will help you achieve your financial objectives.

Proactive Tax Planning:

Our proactive approach to tax planning involves regular reviews and updates to your tax strategy, ensuring that you are always prepared for any changes in the tax landscape. By anticipating potential issues and opportunities, we help you stay ahead of the curve and make informed decisions.

Year-Round Support:

Tax planning is not a once-a-year activity; it requires ongoing attention and adjustments. Our team is available year-round to provide guidance and support, helping you navigate the complexities of tax planning and stay on track with your financial goals.

B. Tax Compliance

Navigating the ever-changing tax landscape can be challenging. At Watter CPA, we offer comprehensive tax compliance services to ensure that you meet all your tax obligations accurately and on time.

Accurate and Timely Filing:

We understand the importance of timely and accurate tax filings. Our team works diligently to prepare and file your tax returns, ensuring that all necessary forms and documentation are completed correctly and submitted on time.

Audit Support and Representation:

In the event of an audit, our experienced professionals are here to provide support and representation. We will guide you through the audit process, ensuring that your interests are protected and that you achieve the best possible outcome.

Ongoing Compliance Monitoring:

Tax laws and regulations are constantly evolving. We continuously monitor changes in the tax landscape to ensure that you remain compliant with all applicable rules and regulations. Our team provides regular updates and guidance, helping you stay informed and prepared.

Accounting Advisory Services

A. Financial Statement Preparation

Accurate and timely financial statements are crucial for managing your business effectively. At Watter CPA, we offer comprehensive financial statement preparation services, ensuring you have the accurate information you need for compliance and decision-making. We advise our clients on the best practices for preparing and presenting their financial statements to ensure clarity and accuracy.

Customized Financial Reports:

We understand that each business has unique needs. Our financial statement preparation services are tailored to provide you with the specific information you need. Whether you need monthly, quarterly or annual financial statements, we deliver accurate and detailed reports that meet your requirements. We advise on how to customize financial reports to meet your specific business needs.

Compliance and Accuracy:

Our team of experienced professionals ensures your financial statements are prepared in accordance with all relevant accounting standards and regulations. We take pride in our attention to detail and commitment to accuracy, providing you with reliable financial information you can trust and we advise on the necessary compliance measures and accuracy standards for your financial statements.

B. Accounting System Setup and Support

A robust accounting system is the foundation of effective tax and accounting management. At Watter CPA, we offer comprehensive accounting system setup and support services to help you establish and maintain an efficient and effective accounting system. We simply advise on the selection and implementation of accounting systems that best meet your business needs.

Customized System Setup:

We understand that each business has unique needs and requirements. Our team works closely with you to design and implement an accounting system that meets your specific needs. From selecting the right software to setting up accounts and processes, we ensure your system is tailored to your business. We advise on the customization and integration of your accounting system to fit your business processes.

Training and Support:

Our support doesn't end with the setup. We provide ongoing training and support to ensure you and your team are comfortable and proficient with your new accounting system. Our team is available to answer questions, provide guidance, and offer solutions to any issues that may arise. We advise on best practices for using and maintaining your accounting system.

System Maintenance and Optimization:

An accounting system requires regular maintenance and optimization to ensure it continues to meet your needs. We offer ongoing support to keep your system running smoothly and efficiently. Our team provides regular reviews and updates, helping you stay ahead of any potential issues and ensure your system remains effective. We advise on the necessary maintenance routines and optimization strategies for your accounting system.

At Watter CPA, we are committed to providing expert tax and accounting advisory services to help you manage your obligations and optimize your benefits. Whether you need assistance with tax planning and compliance or financial statement preparation and accounting system setup, our team of experienced professionals is here to help. Contact us today to learn more about how our advisory services can benefit you.

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

01
What types of tax planning services do you offer?
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02
How often should I meet with my CPA?
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03
Can you help with IRS issues or tax problems?
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04
What is the process for starting a new business with your help?
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05
Do you offer virtual consultations?
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06
How do you ensure the confidentiality and security of my financial information?
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07
What should I do if I receive a tax notice from the IRS?
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08
How do I get started with Watter CPA?
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09
Do you electronically file my tax return or do I have to mail it in myself?
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10
Do you prepare out-of-state tax returns? 
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11
Can you help with Cryptocurrency, Blockchain, or NFTs?
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12
Can you file an extension for my tax return?
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13
What documents do I need to bring to do my taxes?
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14
Should I file my tax return as Married Filing Joint or Married Filing Separate?
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15
My child is in college. Can I still claim them on my tax return? 
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16
I received an inheritance. Do I have to report that on my tax return? 
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17
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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18
My ex-spouse claimed our child erroneously on their tax return. What can I do? 
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