Weatherwax & Associates, PC provides a wide range of services to individuals and businesses in a variety of industries and professions. At Weatherwax & Associates, PC, we strive to meet each clients specific needs in planning and achieving their financial goals in an ever-changing tax, financial and regulatory world. Our professional services include:
- Tax Management Services
- Estate and Trust Tax Planning and Preparation
- Litigation Support
- Accounting Software Selection, Implementation and Support
- Debt Reduction and Refinance Advice
Tax Management Services
At Weatherwax & Associates, PC, our philosophy is to assist our clients in maximizing their after-tax income. This can be accomplished by minimizing their tax liability; but a better way is by assisting our clients in maximizing their total income. Since the current tax rates still comparatively low, spending a dollar just to save 39.6 cents in taxes is not very efficient. Better to make an extra dollar and pay the extra taxes. Best is to make an extra dollar in the most tax efficient way, so that you pay less than 35 cents in taxes. We always try for “best”. In addition to assisting our clients in operating their business more effectively, we have over 65 years of combined tax experience working with high-income individuals and businesses that allows us to optimize financial opportunities that are to be found in existing as well as recently enacted tax laws.
Business Consulting Services
At Weatherwax & Associates, PC, we focus on building close client relationships that add long-term value. This includes assuring the strength of financial records, evaluating financial and business procedures and working to develop strategies that help our clients better face the challenges of business planning and execution. Our clients benefit from objective analysis designed to help them in controlling costs, increasing efficiency, and implementing new technologies and procedures to keep pace with our ever-changing economic and tax world.
Estate and Trust Tax Planning and Preparation
Working with a team made up of your estate attorney, insurance agent, and wealth management advisor, Weatherwax & Associates, PC’s goal is to assist with your effective estate and trust planning to ensure financial security for you and your beneficiaries. We have extensive experience in the income taxation of estates and trusts, including the use of charitable trusts as a way of maximizing your income before passing your assets to your beneficiaries.
Financial and Retirement Planning
Our retirement philosophy is - do not retire from something, retire to something. Better yet, retire to something with the financial resources to fully enjoy retirement. While Weatherwax & Associates, PC does not provide personal financial planning and investment management services, we do serve as the gatekeeper to your financial and retirement planning process. With our detailed knowledge of your financial situation, we can assist and keep a watchful eye on the investment performance, education funding, retirement planning, insurance, and estate planning services provided by other professional advisors.
Weatherwax & Associates, PC’s litigation support services to the legal and accounting profession include matters related to accountant and lawyer tax malpractice, tax dispute and contract resolution, marital dissolution and assistance in the application of ethical standards of tax practice.
Professional representation can be vital during an IRS examination. Our experience in dealing with Federal and State tax authorities enables us to provide valuable services to our clients during the stressful examination process.
Accounting Software Selection, Implementation and Support
Choosing and implementing a new accounting software system can be a challenging undertaking. Weatherwax & Associates, PC’s experience with various entry level accounting packages allows us to aid you in choosing and implementing a system that suits your particular needs. Training and support provided to your accounting staff will ensure a positive implementation experience and reliable financial recording.
Entity Selection and Restructuring
The entity through which you operate your business has a major impact on your tax and financial operations. From the inception of your business through its growth and development, Weatherwax & Associates, PC can advise you on the entity type that most closely matches your business and tax needs.
Debt Reduction and Refinance Advice
One of the subtle pieces of advice given to taxpayers when Congress passed the Tax Reform Act of 1986 was Get out of debt! While Congress itself has totally ignored this advice over the past 20 plus years, Weatherwax & Associates, PC can help you find ways to manage your debt in an efficient and effective way that optimizes your tax, business and investment objectives.
Business Acquisition and Sale Planning
Business acquisitions and sales are complicated endeavors. Whether you are buying or selling a business, Weatherwax & Associates, PC can provide professional skills to help you successfully structure and negotiate the transaction.