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Services

Wald & Company 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 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.

Audit Services

We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company's profitability and efficiency. Audits differ from reviews and compilations, as they are an intensive examination of your company's systems and records providing the highest level of assurance.

Business Consulting

We gauge our worth by the personal and business successes of our clients. We can help your business identify areas negatively affecting profitability and growth and develop solutions that are practical and technically sound. In addition to acting as a sounding board for management, we provide comprehensive, flexible strategies that address the issues affecting your business.

Business Valuations

Whether you are thinking of buying a new business or in the midst of a difficult divorce, the amount attached to the value of your business is important. We can provide useful and objective analysis to assist you in the valuation of any business in which you have an interest.

Consulting Services

We gauge our worth by the personal and business successes of our clients. We can help your business identify areas negatively affecting profitability and growth and develop solutions that are practical and technically sound. In addition to acting as a sounding board for management, we provide comprehensive, flexible strategies that address the issues affecting your business. The following is just a few of the areas in which we provide consulting services:
  • Accounting software selection and implementation
  • Type of entity selection
  • Business valuations
  • Buying/selling a business
  • Computer systems
  • Financial & retirement decisions
  • Estate, trust & gift planning

    Estate Planning & Taxation

    Effective estate 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.

    Financial Statements

    We can assist you in the preparation of your financial statements in accordance with professional standards, but express no opinion or any other form of assurance on the underlying information included in them. The financial statements produced can be a useful tool for management for making financial decisions.

    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.
    • Mergers & acquisitions
    • Asset protection
    • Cash flow forecasting
    • Employee benefit plans
    • Internet commerce

    Pension & Profit Sharing Plans

    Qualified retirement plans (e.g. defined-contribution or defined benefit plans, Keoghs, SEPs) can provide significant tax advantages for closely held businesses and self-employed individuals. Our qualified staff can assist you in evaluating the type of pension plan that will best serve the retirement needs of you and your employees.

    Retirement Planning

    Successful implementation and periodic review of your financial plan will ensure financial independence during your working years and through your retirement years.

    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.

    Tax Planning & Preparation

    Tax planning and preparation form 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.

    Tax Preparation

    Our significant investment in computerized tax preparation and research software enables us to accurately and efficiently prepare returns for various types of entities including individuals, corporations, partnerships, trusts, estates, and not-for-profit organizations.

    Tax Services

    We prefer to take a proactive vs. reactive approach to tax services. By keeping current on new tax laws and legislation, we are in a position to identify key tax planning opportunities that minimize both your current and future tax liabilities. We provide our individual and business clients with the taxation expertise and knowledge that they deserve throughout the year. Tax services offered include but are not limited to:
    • Tax planning & return preparation
      • Individuals
      • Corporations
      • Partnerships
      • LLCs/LLPs
      • Estates, trusts & gift
      • Not-for-profit organizations
    • Taxing authority representation
    • Divorce and support issues
    • Tax effects of buying/selling a business
      • International/Nexus
      • Multistate tax compliance

    Buying & Selling a Business

    Providing financial information to our clients in a timely and accurate manner is a commitment that we feel can not 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

    Accounting Services

    Providing financial information to our clients in a timely and accurate manner is a commitment that we feel can not 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

    Estate & Trust Tax Preparations

    Estate & Trust Tax Preparations

    Financial Forecasts & Projections

    Forecasting is a necessity when trying to effectively manage and lead a business to profitability. From simple projections to complex financial modeling, our experienced staff can assist you in achieving your company's financial goals.

    Cash Flow & Budgeting Analysis

    Cash Flow & Budgeting Analysis

    Tax Planning

    Tax planning is an essential element of the tax preparation process. By making tax planning part of your overall business strategy, you can use our experience and access to the most current new developments in the tax laws to minimize both your current and future tax liabilities.

    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.

    International Taxation

    We assist international companies in expanding their business into the U.S. market. This includes:
    • Choice of entity
    • Determination of taxability in U.S. and all states for both income and sales tax purposes
    • Compliance with all federal and state tax laws and regulations
    • In house bookkeeping and recordkeeping and tax preparation of required monthly and annual tax reports (Sales,use, and income)
    • Team approach includes personal collaboration with highly respected immigration attorney and chartered accountants in U-K, Canada, Australia, and other countries
    • By having this collaborative team of smaller firms, prices are kept reasonable while service is more personal.

    Multi-State Taxation

    In the age of technology and a shrinking world, cross state business transactions have been the norm, instead of the exception. In many cases these transactions can create “nexus"also known as a taxable presence, in a state other than your business home state. We can help you with the tax issues associated with multi-state activity, such as:
    1. Determining whether your company has “nexus" under the particular state regulations and if so, the associated tax filing obligation.
    2. Aid with all tax compliance, both income and sales, tax, in those states in which the company is determined to have nexus
    3. Tax planning and strategy to lessen the effects of nexus
    4. Tax preparation for all states