FMW, PC is knowledgeable and prepared to handle a wide range of tax and accounting services. We strive to meet your specific needs in planning for the future and help you achieve your goals with the current and future financial and regulatory landscapes in mind.
Service Options:
Tax Management Services
We guide our clients through a full range of tax planning and preparation decisions with strategies that minimize tax liabilities, maximize cash flow and keep clients on track with their financial goals. We focus on optimizing financial opportunities found in existing or recently altered tax laws. We are knowledgeable and up-to-date on the tax laws and can make sense of all receipts, bills and notices.
Tax Preparation
Compliance is critical and we strive to balance your tax burdens while ensuring that you are in compliance with the federal and state regulations. We have extensive experience in preparing complex federal and state income tax returns, payroll reports and sales tax reports for corporations, partnerships, trusts, estates and individuals. Our significant investment in tax preparation and research software enables us to accurately and efficiently prepare returns.
Accounting Services
From startups to established businesses, accurate and insightful financial information is necessary to maintain profitability and capitalize on new opportunities. Our accounting services steer you closer to these goals with precise recordkeeping and reporting, as well as support on financial issues such as initial accounting system setup, cost containment, tax planning, and employee benefit and profit-sharing plans.
Assurance and Advisory Services
At FMW, P.C., we focus on building close client relationships that add long-term value. This includes assuring the solidity of financial records, evaluating financial procedures, and working to produce strategies that help our clients face the challenges of business planning and execution. Our clients benefit from objective analysis to assist in controlling costs, increasing efficiency, and implementing new technologies and procedures that take advantage of changes in the marketplace, accounting standards and tax laws. Our assurance services will improve information quality or its context — meaning more success for your business.
Audits, Reviews, and Compilations
FMW, P.C.’s financial statement services comprise all three levels of assurance, depending on your company’s needs.
Audits
Audits offer the highest level of assurance to third parties and include in-depth examination and confirmation of account balances, inventories and selected transactions. We perform audits for you to remove errors and ascertain the validity and reliability of your information.
Reviews
Reviews provide limited assurance to outside interests and involve inquiries and analytical procedures that confirm financial statement matters and identify any items requiring further analysis. We perform reviews to ensure the integrity of your data.
Compilations
Compilations are usually requested for internal purposes and are based upon information provided by a company’s management. They do not offer assurance but may involve some adjustment to accounting records.
Bookkeeping
Accurate recordkeeping is essential to a successful business yet can also be complicated and time consuming. FMW, P.C. can help you with the organization and day-to-day tasks of bookkeeping so that you can focus on your core business.
You can outsource most of the functions that are required in a business on a daily basis. We act as the accounts payable, payroll and financial reporting departments for many of our business clients. We prepare payrolls from single employees to more than 1,000 employees. We provide direct deposit and electronic payment of payroll taxes.
Estate and Trust Planning and Tax Preparation
Effective estate and trust planning can ensure financial security for loved ones. For businesses, it can maintain a smooth succession of ownership. FMW, P.C.’s role is to help you navigate the complex and shifting tax laws to facilitate the transfer of assets and minimize the tax liability of your beneficiaries. Having your taxes and estate thoroughly and carefully planned will ensure that your loved ones don’t have any unnecessary complications to address during a time of loss.
Financial and Retirement Planning
We have expanded our service offerings with the creation of FMW Financial Advisors, LLC. For more information please contact us.
IRS Representation
Professional representation can be vital during an audit, and our experience with tax authorities enables us to guide clients in dealings with federal and state agencies. If you have been chosen for an audit, the professional representation you can find with our firm allows you to put many of your worries aside. We are ready and willing to answer any and all questions the IRS may be asking you.
Entity Selection and Restructuring
Your business entity has a large impact on your taxes and other liabilities. From your company’s inception through its growth and development, FMW, P.C. can advise you on choosing an entity type and restructuring later, if needed. With our knowledge and expertise, you will always be receiving the most advantageous entity type for the functions your business performs.
QuickBooks Accounting Help and Assistance
QuickBooks can provide useful and timely information in the form of financial statements, reports and graphs. However, it can only provide this information if you purchase the right product and then install, set up and use it properly. We don’t just help you use the software — we help you use it more efficiently and more effectively.
We offer personal training, either one-on-one or to several individuals within your organization. We can also help with the software installation and initial setup, including: easy step interview, preferences, lists, customers, vendors, employees, banking and reports. We also help experienced users asses their current setups for effectiveness and efficiency.
Payroll Services
FMW, P.C.’s payroll services can help you reduce the time spent on administration through developing and implementing a computerized payroll system that will facilitate processing, timely payment and preparation of tax returns.
Employee Benefits, Pensions and Profit-Sharing Plans
Choosing and administering benefit plans for your employees is often a complex process. Please visit our related company, FMW Financial Advisors, LLC, for more information.
Cash Flow and Budgeting Analysis
Quality cash management can improve a company’s liquidity, reduce costs and increase profitability. We can help you maintain optimal cash flow levels by tracking sources and uses, forecasting, and budgeting accordingly. We can help you analyze your spending and rebalance your budget and/or debts to support your business’ success. This balance will be an ongoing process that will be revisited with any major changes in your business structure to ensure that you are operating at an optimal level.
Mergers, Acquisitions and Sales
Business transactions and transitions are complicated affairs, and whether you’re buying, selling or considering a potential merger, FMW, P.C. can provide professional advice on how to successfully structure and negotiate the deal. We employ careful analysis and due diligence to determine a fair asking price, pinpoint the most favorable tax structures, evaluate financial and cash flow impact, and assess compatible business functions and tactics. Expanding or contracting your business is a huge undertaking. With our expert advice, you can make the right decisions for your business.
Mergers, Acquisitions and Sales
Business transactions and transitions are complicated affairs, and whether you’re buying, selling or considering a potential merger, FMW, P.C. can provide professional advice on how to successfully structure and negotiate the deal. We employ careful analysis and due diligence to determine a fair asking price, pinpoint the most favorable tax structures, evaluate financial and cash flow impact, and assess compatible business functions and tactics. Expanding or contracting your business is a huge undertaking. With our expert advice, you can make the right decisions for your business.
Debt and Finance Advising
Whether your needs are corporate or personal, our professionals can assist you in sorting out the different options available for debt management and financing that will lower your payments and/or reduce the total amount of interest paid. Rebalancing your debts can also result in tax deduction savings. Even if you are able to handle the payments and the amounts of your current debts, our expertise may be able to save you money and/or lower your payments.
