We offer a range of tax services, including individual tax preparation, business tax preparation and state tax compliance.
At Watter CPA, we understand that the complex structure of business taxes can be daunting for many small business owners. As a small, locally-focused firm with a broad reach, we are dedicated to providing personalized tax consulting services to businesses in Maryland, DC, and across all 50 states. Our firm’s unique approach combines the personal touch of a local business with the expertise and resources of a nationwide firm.
At Watter CPA, we pride ourselves on our ability to offer tailored services that meet the specific needs of each client. Unlike larger firms that may treat you as just another number, we take the time to get to know your business. Whether you run a small family-owned shop in Maryland or a growing enterprise with operations across multiple states, our team is here to provide the insights and strategies that will help you thrive.
Our business tax consulting services encompass a wide range of solutions designed to address every aspect of your business’s tax needs. From tax planning and preparation to compliance and representation, we have the expertise to handle it all. Our goal is to ensure that your business remains compliant with all tax regulations while minimizing your tax liabilities.
Effective tax planning is crucial for the success of any business. Our team of experienced CPAs will work with you to develop a tax strategy that aligns with your business goals. We analyze your financial situation and identify opportunities for tax savings, ensuring that you are taking advantage of all available deductions and credits. Our proactive approach means we are always looking ahead to help you plan for the future and avoid potential tax pitfalls.
Preparing your business taxes can be a time-consuming and stressful process. At Watter CPA, we take the burden off your shoulders. Our tax preparation services are thorough and accurate, ensuring that all your tax documents are correctly filed and submitted on time. We stay up-to-date with the latest tax laws and regulations, so you can be confident that your taxes are in good hands.
Staying compliant with tax regulations is essential for any business. Failure to comply can result in penalties and interest charges that can negatively impact your bottom line. Our team at Watter CPA will ensure that your business remains in compliance with all federal, state, and local tax laws. We handle everything from filing returns to managing audits, so you can focus on running your business.
In the event of an audit or other tax-related issues, having a knowledgeable and experienced team on your side is crucial. Watter CPA provides comprehensive tax representation services to protect your business. We will represent you before the IRS and other tax authorities, handling all communications and negotiations on your behalf. Our goal is to resolve any issues quickly and efficiently, minimizing the impact on your business.
For businesses operating in multiple states, managing tax obligations can be particularly challenging. Our expertise extends beyond Maryland and DC; we have extensive experience dealing with multi-state tax issues. We will help you navigate the complexities of state-specific tax laws and ensure that your business remains compliant across all jurisdictions.
With years of experience serving businesses of all sizes, Watter CPA has the knowledge and expertise to handle even the most complex tax issues. Our team of CPAs is highly skilled and stays current with the latest developments in tax law, so you can be confident that you are receiving the best advice and service.
At Watter CPA, our clients are at the heart of everything we do. We understand that every business is unique, and we take the time to listen to your needs and concerns. Our personalized approach means that you will receive customized solutions that are tailored to your specific situation.
While we are proud to be a small, locally-focused firm, our services extend across all 50 states. We have a strong presence in Maryland and DC, and we are well-equipped to serve clients from New York to California. No matter where your business is located, you can rely on Watter CPA for top-notch tax consulting services.
We understand that trust is essential when it comes to managing your business’s finances. At Watter CPA, we are committed to building long-term relationships with our clients based on integrity, reliability, and transparency. You can count on us to provide honest advice and dependable service.
If you are looking for a trusted partner to help manage your business taxes, look no further than Watter CPA. Our comprehensive tax consulting services are designed to meet the unique needs of small businesses, and our experienced team is here to support you every step of the way.
Contact us today to schedule a consultation and discover how Watter CPA can help your business achieve its financial goals. Whether you are based in Maryland, DC, or anywhere else in the United States, we are ready to assist you with all your tax consulting needs.
At Watter CPA, we are more than just tax consultants; we are your partners in success. Let us help you navigate the complexities of business taxes so you can focus on what you do best – running your business.
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.