FMW, PC is proud to work with a variety of industries
Agriculture & Timber
FMW, P.C. has been providing accounting and tax services to rice farmers, cattle ranchers, deer ranchers, horse breeders and timber land owners in Southeast Texas for over 40 years. We have expertise and specialized knowledge with dealing with tax issues specifically related to the farming and timber industry.
Banking
FMW, P.C. has been providing auditing and tax services to the banking industry in Southeast Texas for over 40 years. We have specialized knowledge of accounting and taxation of community banks and holding companies, including conversion to an S Corporation.
Construction
FMW, P.C. provides audits, tax and other consulting services to the construction industry. We have extensive experience with issues effecting the construction industry such as choice of entity planning, percentage of completion, cost plus contracts, implementation of job cost systems, domestic production activity deduction, Section 263A inventory capitalization, R&D credit and providing guidance on required financial information by bonding companies.
Food Processors
FMW, P.C. provides accounting, tax and consulting services to food processors. We have extensive industry knowledge in accounting and tax issues effecting the food processors such as inventory costing methodologies, Section 263A inventory capitalization, domestic activities deduction and accounting processes and systems to control and improve inventory levels and gross profit margins.
Health Care
FMW, P.C. provides accounting, tax and consulting services to medical practices. We have extensive knowledge on accounting issues relating to the treatment of Medicare income, medical supplies and equipment and other operating expenses. We provide consultation and assistance on allocation of overhead expenses between doctors in a medical group, designing a system of controls to properly tract the various profit centers in a medical practice and choice of entity planning.
High Net Worth Families
We have built strong long-term relationships with our clients which has positioned us to be trusted advisors and to provide legacy planning. We assist our clients with wealth preservation and asset protection strategies, cash flow preservation strategies, strategies for transferring assets to the next generation in the most tax efficient manner, estate planning, structuring of trusts and family limited partnerships and business succession planning.
Law Firms
FMW, P.C. provides accounting, tax and litigation services to law firms. FMW, P.C. has extensive experience with accounting and tax issues effecting law firms such as choice of entity planning, proper treatment of case expenses, trust accounts and referral payments to other attorneys.
Real Estate and HUD Properties
FMW, P.C. provides accounting and tax services for the commercial and residential real estate industries. We have expertise in like-kind exchanges, subdivisions, rental property and leasing issues.
We have specialized knowledge and expertise with Section 8 (subsidized federal projects) and HUD insured mortgages.
Restaurants
FMW, P.C. provides accounting, tax and consulting services to restaurants. We consult and assist our clients with system implementations and processes to reduce payroll and food costs, ACA health care regulations, immigration and I-9 regulations for employees, franchise issues, sale tax compliance and payroll issues specific to the restaurant industry. We also provide guidance on terms of leases and entity choice for real estate utilized in the business.
Retail & Wholesale
FMW, P.C. has been providing auditing, tax and consulting services to retail and wholesale companies for over 40 years. We have extensive experience dealing with issues that impact the retail and wholesale industries such as inventory costing methodologies, methods to optimize profit margins and reduce inventory shrinkage, and entity choice for real estate utilized in the business.
Manufacturing
FMW, P.C. provides accounting, tax and consulting services to the manufacturing sector. We provide consultation on issues such as inventory costing methodologies, Section 263A inventory capitalization, R&D credit, domestic production activities deduction and accounting processes and systems to control and improve inventory levels and gross profit margins.
Oil & Gas
FMW, P.C. provides tax and accounting services for investors in the oil & gas industry. The firm has extensive experience with oil & gas issues such as accounting for working interest, percentage of depletion, cost depletion and lease bonuses.
Engineering and Architecture
FMW, P.C. provides accounting and tax services to engineering and architecture firms. We provide consultation on proper entity choice, compensation plans for professionals and accounting reports to improve profitability.
