B. Watson & Company is a full service accounting and auditing, tax and business advisory services firm. 

We offer the following services to our business and individual clients:

 

 

1. ASSURANCE SERVICES (Financial Statement Engagements)

 

2. TAX COMPLIANCE AND PLANNING (Corporate and Individual)

 

3. OUTSOURCED ACCOUNTING SERVICES FOR SMALL BUSINESSES AND INDIVIDUALS

 

4. OUTSIDE CFO AND BUSINESS CONSULTING SERVICE

 

ASSURANCE SERVICES

(Financial Statement Engagements)

 

Financial statements are often required to comply with terms of financial arrangement with lenders, or to regulatory agencies, investors and customers to evaluate your business’ financial strength/stability. 

 

B. Watson & Company provides all three levels of financial statement reporting services: audit, review and compilation.  If needing an initial financial statement engagement, we will discuss with you and the third party source requesting the financial statements, which level of service will best meet your need.

 

To learn more about B. Watson & Company’s offerings in this area, please Contact Us. 

TAX COMPLIANCE AND PLANNING

(Corporate and Individual)

 

Corporate Tax Compliance Services are:

 

  •      C Corp tax return preparation (Form 1120)

  •      S Corp tax return preparation (Form 1120S)

  •      Partnership/LLC tax return prep (Form 1065 or Sch C of 1040)

  •      Non-Profit Organization tax return preparation (Form 990)

 

Corporate Tax Planning Services

 

B. Watson & Company provides year-end tax planning for all entity types and for the shareholders/partners of S Corps and Partnerships.  Year-end tax planning is done to access where the organization is financially and to make a plan to minimize their tax liability before the year is out.  The following is included as a part of tax planning:

 

  •     Entity type recommendations (for tax and legal purposes)

  •     Tax minimization analysis

  •     State tax planning for multi-state entities

  •     Employee compensation and incentive planning

  •     Deferred compensation planning

 

Individual Tax Compliance and Planning Services are:

 

Individual tax preparation

 

  •     Form 1040 (and all associated schedules) preparation

  •     State income tax preparation

  •     Multi-state return preparation

  •     Trust tax return preparation

 

Amended tax return preparation and claims for refunds

Year-round tax  planning, projections and related support

Federal and state tax payment estimation

Federal and state Correspondence assistance

 

To learn more about B. Watson & Company’s offerings in this area, please Contact Us

OUTSOURCED ACCOUNTING DEPARTMENT / SERVICES

(for Small Businesses and Individuals)

 

B. Watson & Company can act as your in-house accountant, but from our offices.  This service can be customized to satisfy your company’s needs.  To provide the following outsourced accounting services, we will use secured Internet functionality with several available accounting suite programs.

 

Bookkeeping via secured online accounting suite

Online banking

Bill paying

Bank reconciliations

E-File Cabinets (paperless receipt storage)

Financial reporting

Accounting department and  software (Quickbooks) training and support

 

To learn more about B. Watson & Company’s offerings in this area, please Contact Us

 

 

OUTSIDE CFO AND BUSINESS CONSULTING SERVICES

 

B. Watson & Company offers Outside CFO/Financial Business Consulting services to clients who are small to medium in size, who do not employ a CFO.  We provide the following support and services:

 

Consultation with respect to lending financial arrangements

Financial statement analysis and interpretation

Business mergers, sales and acquisitions

Budgeting

Internal control evaluations

Pre-audit preparation services

Cash flow management

 

To learn more about B. Watson & Company’s offerings in this area, please Contact Us. 

 

SERVICES