ACCOUNTING AND TAX SERVICES
Client Accounting Services
In today's business climate, it has become increasingly difficult and expensive to hire qualified personnel, maintain adequate financial controls, and administer a financial reporting system that provides your organization with timely, accurate reports. WatsonRice has your solution! Many companies find it more efficient and cost effective to outsource those functions. We provide a cloud based accounting and bill payment system that will give you access to real time reporting while maintaining full control of your invoice approval and payment processes. The savings can be significant and you can access your current financial information 24 hours a day.
IRS and state reporting requirements for not-for-profit organizations are much more detailed and complicated than ever. You need a firm that knows those requirements and helps you stay abreast of the changes that affect your organization. Exempt organizations comprise the largest area of our firm's practice. We'll ensure that your filings are complete, accurate, and timely.
Small Businesses and Individuals
The vast majority of business tax returns are filed by small businesses - sole proprietorships, partnerships, LLCs, S Corporations and C Corporations. Which entity is best? It depends on the owners and their needs. The tax liabilities can be vastly different during operation and upon sale of the business, depending on the type of entity. Careful entity selection and proper planning saves tax dollars and ensures that there are no surprises once the tax returns are prepared. Our goal is the same as yours: avoiding income taxes to extent allowed by the tax laws.