The success and growth of your business depends on the knowledge and experience of the professionals you engage. As your trusted partner, our comprehensive consulting services put you on solid ground, positioned for financial success. Here are some of the services available from WW&D:

As a full-service public accounting firm, our professional consulting services are coupled with state-of-the-art data processing systems specially programmed to meet your specific accounting requirements. Our accounting services include:

• General accounting
• Financial reporting
• Statement preparation
• Payroll tax compliance
• Fixed asset/depreciation statements
• Loan amortization schedules
• Budgets and forecasts
• Custom spreadsheet applications and more

Our experience in many different industries and the in-depth knowledge we acquire of your industry enables us to deliver cost-effective audits and high-value recommendations.

• Personal and business financial statements
• Accounting procedures manuals
• Accounting system design/setup
• Internal accounting controls
• Forecasts and projections
• Cash flow analysis
• Analysis of buy-sell opportunities
• Assistance with hiring accounting personnel
• Assistance with obtaining financing
• Maintaining favorable relationships with lending institutions
• Our reputation for quality and service has earned us the respect and confidence of the entire business community.

Taxation is a highly specialized and complex area. It includes consulting for income, estate, gift, excise, sales and franchise taxes at federal, state, and local levels, as well as tax preparation and consulting services throughout the year. We offer a full range of tax services and consultation for individual, business, and corporate clients.

Individual Tax Services

• Current/long-range planning
• Retirement planning
• Estate and gift planning

Business/Corporate Tax Services

• Acquisitions/reorganizations
• Key employee income
• Formation/liquidation

Not having an estate plan could cost your heirs anywhere from 1/3 to more than 1/2 of your estate. Personal wealth management planning still requires professionals to guide, advise and help implement the ideas that best suit your needs and leads you to your desired goals.

• Marriage or Divorce
• Death of a close family member
• College education/graduation of a child or grandchild
• Inheriting valuable property
• Receiving a substantial gift
• Changing jobs
• Starting or selling a business
• Changing the nature of a business
• Buy-sell agreement

Value determinations are most commonly needed to calculate estate value upon death, split up of family assets in a divorce, or to negotiate value in a purchase, sale, or merger of a business enterprise. Besides these, there are many other reasons why a holder of an interest in a privately-held company might require a business valuation. The more common ones are:

• Adequacy of life insurance
• Charitable contributions
• Dissenting shareholder actions
• Eminent domain
• Gift taxes
• Obtaining financing
• Split ups/Spin-offs
• Buy/Sell agreements
• Disruption of a business
• Employee Stock Ownership Plans (ESOPs)
• Gifting program
• Initial Public Offerings (IPOs)
• Partner disputes
• Succession planning

Many business owners believe the value of their business is net profit, or gross sales, multiplied by some industry rule of thumb.This is simply not the case. In fact, the application of an industry rule of thumb formula could result in a value determination that differs greatly from the actual value that could be determined by a qualified business valuation professional.

If you have any business valuation inquiries, please contact
John A. Wheeler, CPA, CVA for additional information.

Tax and business planning is important for the success of any organization, but especially for the family-owned enterprise. Owners of family businesses need to address many issues. Our friendly accounting staff is ready to help you with any questions you may have regarding family owned and managed business issues.

Employee benefits and compensation packages are more complex than ever, with more choices available. We research and recommend competitive benefits packages, then help you implement, administer and monitor the plan you select.

RETIREMENT PLAN ADMINISTRATION:
   We handle virtually all types of retirement plans, including:

• 401K
• 403(b)
• Other Pension and profit-sharing plans
• ESOPs

   In addition to accounting, we:

• Prepare individual participant statements
• Provide discrimination testing
• Prepare all tax forms and related schedules
• Handle participant loan accounting

RETIREMENT PLAN CONSULTING:
     Our retirement services also include:

• Design and consultation for non-qualified benefits for key employees, as well as cafeteria plans
• Prepare projections of employer costs and employee benefits
• Design pension and profit-sharing plans
• Calculate contributions to retirement plans
• Advise on ESOP issues