We focus on delivering reliable and professional tax and accounting services to keep your business operations efficient.
At Watter CPA, we understand that accurate and thorough audit services are crucial for maintaining the financial health and regulatory compliance of any business. As a small, local firm serving clients primarily in Maryland, the DC area, and nationwide, we pride ourselves on providing personalized, high-quality audit services that meet the unique needs of each client. Although our focus is on local businesses, our expertise extends across all 50 states, allowing us to support clients nationwide with the same dedication and attention to detail.
Choosing Watter CPA means partnering with a firm that values trust, transparency and thoroughness. We recognize that audits can be a daunting process, especially for small businesses and individuals. That's why our approach is client-centric, aiming to ease your concerns and ensure you fully understand each step of the audit process. Here’s why you should consider us for your audit needs:
At Watter CPA, we provide a comprehensive range of audit services designed to meet the diverse needs of our clients. Whether you are a small business owner, a nonprofit organization or an individual needing a detailed financial examination, we have the expertise to assist you. Our services include:
Our audit process is designed to be as seamless and stress-free as possible. Here’s what you can expect when you partner with Watter CPA:
Regular audits are essential for any business, providing numerous benefits that extend beyond regulatory compliance. At Watter CPA, we believe in the proactive value of audits in strengthening your financial health. Here are some key benefits:
In addition to standard audit services, Watter CPA offers specialized audits tailored to the specific needs of our diverse client base. Our team has extensive experience across a wide range of industries, allowing us to provide targeted insights and recommendations. Some of the most common industries we serve include:
Watter CPA is committed to providing top-notch audit services to individuals and businesses alike. Our client-centric approach, combined with our local expertise and national reach, ensures that you receive the best possible service tailored to your unique needs. Whether you are looking to audit your financial statements, improve your internal controls or enhance your operational efficiency, our team is here to help.
Contact us today to schedule a consultation and discover how Watter CPA can assist you in achieving your financial goals with confidence and peace of mind.
Our dedicated team is ready to assist you on your path to financial success.
5 N Adams St,
Rockville, MD 20850, United States
At Watter CPA, we believe that understanding your needs is the first step toward providing exceptional service. Determining the specific service required involves a thorough review of your financial situation, which is only possible with proper documentation and accurate data. This approach helps us deliver tailored solutions that best meet your needs and compliance requirements.
Below, you will find answers to some of the most frequently asked general questions. If you have more specific inquiries or require additional information, please feel free to Contact Us.
We offer a wide range of tax planning services, including individual and business tax planning, estate and trust planning and retirement planning. Our goal is to help you minimize your tax liability and ensure compliance with all relevant tax laws.
The frequency of meetings with your CPA depends on your specific needs and circumstances. For some clients, quarterly or annual meetings may be sufficient, while others may benefit from more frequent consultations, especially during major financial or business changes.
Yes, we provide comprehensive support for resolving IRS issues and tax problems. Our services include audit representation, negotiating payment plans, handling tax liens and levies and assisting with offers in compromise. We aim to help you navigate and resolve your tax issues efficiently.
Starting a new business with our help involves several key steps:
1. Initial consultation to understand your business idea and goals.
2. Assistance with business entity selection (e.g., LLC, corporation).
3. Guidance on registration and compliance with local, state and federal regulations.
4. Setting up accounting systems and procedures.
5. Ongoing support with bookkeeping, tax planning and financial reporting.
Yes, we offer virtual consultations to accommodate clients who prefer remote meetings. This allows us to provide our services regardless of your location, making it convenient and flexible for you to receive the support you need.
We take the confidentiality and security of your financial information very seriously. Our firm employs robust security measures, including secure data storage, encrypted communications and strict access controls. We are committed to maintaining your privacy and protecting your sensitive information.
If you receive a tax notice from the IRS, it is important to contact us immediately. We will review the notice, explain its implications, and help you respond appropriately. Our team will work with you to resolve any issues and ensure compliance with IRS requirements.
Getting started with Watter CPA is easy. Simply contact us to schedule an initial consultation. During this meeting, we will discuss your needs, explain our services and determine how we can best support you. From there, we will develop a customized plan to address your financial and accounting requirements.
Yes, we e-file most tax returns. If a paper filing is required, we prepare it for certified mailing and ensure its delivery to the appropriate taxing authority.
Yes, we routinely prepare tax returns for all U.S. states and territories as well as necessary city or locality returns.
Yes, our tax professionals can evaluate your holdings and determine the most efficient and cost-effective way to report your assets.
Yes, we file extensions for our clients. Note that filing an extension grants additional time for filing the tax return but does not extend the due date for any taxes owed.
Common documents needed include:
- W-2 (wages)
- 1099-NEC (independent contractor income)
- 1099-MISC (rents)
- 1099-INT (interest)
- 1099-R (retirement)
- 1099-SSA (social security)
- 1099-DIV (dividends)
- K-1 (from partnership, S-corp, or trust)
- 1095-A, 1095-B, 1095-C (health insurance)
- Property Taxes
- Closing Disclosure (real estate transactions)
- Income and Expenses records for Schedule C business or Schedule E rental property
- Cryptocurrency transactions
This depends on your personal situation. We calculate the tax outcomes for both options to determine the most advantageous filing status for you.
In certain situations, yes. Contact us so we can learn more about your situation and advise you on the best filing option.
This depends on the type and method by which you received the inheritance. Contact us to learn more about inheritance reporting and filing requirements.
Yes, we can prepare state and federal Power of Attorney forms to access transcripts and determine which returns have been filed.
We can help you remedy the situation to properly claim your child/children on your return when we prepare and file your return.
For more detailed information or specific queries, feel free to Contact Us. Our team is here to provide the clarity and support you need to navigate your financial and tax-related questions effectively.