Services

Every path has twists and turns – we’re here to guide you through the series of challenges that your business may face on your path to success.

To navigate the fast-paced, complex landscape of today’s marketplace, you need reliable, expert advice from experienced professionals you can trust. Wasserman & Co. is that resource, helping you meet your operational and strategic objectives with business consultation services tailored to your unique situation. No matter which stage of the business cycle you’re currently in — startup, growth, or transitioning due to retirement — we offer guidance to help your company grow and mature.

We offer a host of professional advisory services beyond the necessary accounting functions — services designed to help you make decisions, face changes, and transition smoothly. With our wide range of experience across industries and our commitment to knowing your business, we are the advisor you can trust

Your financial statements provide the foundation for your financial history. So, when it comes to choosing an accounting firm to prepare your financial statements, trust and integrity are crucial.

Wasserman & Co. is more than just a firm that prepares financial statements. We are your strategic partner. We can help you get more out of your financial statements by establishing benchmarks and key performance indicators that allow you to look at your business from a different perspective. With our long history of working with diverse industries such as nonprofits, construction, manufacturing, distribution, and professional services, we can ensure that you are asking – and getting answers to the right questions for your business.

Financial statements can be prepared accompanying the following different services depending on the needs of your business:

Audit:
Provides a high, but not absolute, level of assurance that the financial statements are accurate and complete. An audit can also provide insight on your organization’s internal control processes, risk management, governance, and other operating procedures.

Review & Compilation:
Provides less assurance than an audit that the financial statements are accurate and complete. Review and Compilation engagements are usually required to satisfy bank loans, bonding insurance, or state laws and regulations.

Wasserman & Co. will prepare your federal, state and local tax returns, and can also help you determine how to reduce your taxes. We can advise on a number of important issues, from allowable business expenses to a range of strategies to help reduce your tax obligation. Our aim is to set your business up to be as profitable as possible, while at the same time ensuring that your processes and tax positions are compliant and will satisfy regulatory standards.

Whether you are an S-Corp, individual, sole proprietor, or operate a corporation or partnership, we will provide you with quality, up-to-date tax return preparation and advice.

It is common to only think about taxes during tax season but planning ahead throughout the year can help reduce tax liability on next year’s return. Tax planning offers a significant opportunity for our clients to create a plan tailored to their individual needs. Proactive tax planning provides a road map designed to reduce tax liability and positively impact the bottom line.

Wasserman & Co.’s comprehensive tax planning consists of one-on-one guidance for the taxpayer. We advise on the structuring of major transactions such as the purchase or sale of an interest in a closely
held business, how to handle real estate transactions and depreciation in the most beneficial way, decreasing ongoing income taxes, protecting your wealth from estate taxes, and more.

Business Succession Planning:
If you own a business, we can help you with business succession planning. We can work with you to prepare a comprehensive plan that outlines how your business will be passed on to your successors. We can also advise you on reducing the tax impact, transferring ownership, and addressing other complex issues that arise during business succession.

Wasserman & Co.’s experienced and informed professionals have comprehensive knowledge of tax laws and IRS regulations. When you turn to us for tax services, we are able to assist with anything from retirement savings strategies to maximizing tax benefits and tax reduction plans. We understand how important it is to come up with realistic solutions that can be readily implemented, allowing you to maximize your income and assets while avoiding any unnecessary tax implications. We also can assist when a special situation arises, particularly those that affect your current and long-term financial picture.

We know that reducing your tax burden is a top priority. Comprehensive tax planning is the key to keeping more of your hard-earned profits. We provide you with an experienced, dedicated team member who works with you to proactively recommend tax strategies that maximize after-tax income. We also provide personal, one-on-one service and guidance, and will develop a plan that is most beneficial for you.

Including a firm to help you in your trust and estate planning is a decision that takes careful consideration. At Wasserman & Co. we have a great deal of understanding and experience with such an endeavor.
An estate plan can help you control the transfer of wealth, fulfill your goals and minimize taxes. Trusts are used for a variety of tax and nontax purposes, often in coordination with an estate plan. We will work with you to implement an effective estate plan with the assistance of attorneys and financial professionals who work in this field. Our experience in fiduciary and estate and gift tax compliance ensures that we work seamlessly with these professionals to effect your intended goals.

Wasserman & Co. can provide valuable insight into how to minimize estate taxes. We can help you identify tax-saving strategies like gift-giving, charitable giving, and the use of trusts to reduce the burden of estate taxes on your beneficiaries.

Getting to know our clients, their businesses, and their goals is important to us. We develop a deep level of understanding of our clients’ financial situations and how the intricacies of tax regulations may affect them. This positions us to offer valuable insights and guidance to help our clients navigate complex financial decisions and achieve their long-term goals.