Areas of Practice
Since we recognize that many of our clients have specific needs beyond accounting and tax assistance,
Weil, Akman, Baylin & Coleman, P.A. functions as a business advisor and plays a key role in decision-making transactions
that have a financial impact on individuals and organizations. On the basis of client needs, we provide a full range of accounting,
tax and advisory services.
Assessment Of Internal Controls
WABC helps minimize threats to your financial security. We can evaluate your organization’s internal controls to ensure your resources are handled properly, protect you from employee theft and make sure you are operating efficiently and effectively.
WABC conducts thorough auditing services for all types of entities. Our approach ensures the highest level of integrity in your financial statements.
WABC performs audits with the most modern tools available and always works within the current industry guidelines. Our in-depth approach includes:
- Evaluation of internal controls
- Inspections of current inventory
- Documentation of operating cycles, including sales and cash receipts, cash disbursements and payroll
- A summary of our methodology, documenting our examinations and testing as well as your supporting paperwork
WABC will work diligently with relevant outside organizations, including customers, banks, vendors and attorneys during the auditing process.
WABC is a member of the PCAOB.
If you are in need of a loan to start or grow your business, put WABC to work for you. With years of experience, our experts know what banks want to see in a loan proposal. We will organize and prepare your documents to put you on the road to swift approval.
WABC advisers will:
- Prepare a thorough and convincing executive summary
- Create pro-forma cash budgets and financial statements
- Compile your necessary personal financial statements
- Be your personal representative and financial advocate in face-to-face dealings with the lender
To learn more about how WABC can guide you in the loan process, please contact Carl Baylin at email@example.com.
When you are negotiating a merger, considering new shareholders, or attempting to resolve shareholder, estate or marital disputes, a valuation is a make-or-break proposition.
Rely on the experts at WABC to provide the judgment, experience and information you need to properly evaluate your organization. Understanding value requires us to be intimately familiar with every detail of your business, and we will work closely with you to analyze operations and historical financial data to create a well-reasoned, fully documented and defensible valuation opinion.
WABC is experienced in all types of valuations, and can be your guide to:
1. Mergers & Acquisition valuation
- Purchase or sale of closely held business or business interests, including analysis and advice on pending offers
- Management buyouts
- Leveraged buyout transactions
- Financial restructuring and recapitalization
- Bank financing
- Employee stock ownership plans (ESOPs)
- Marital dissolution
- Court appointed valuations
- Minority shareholder disputes and litigation
- Business damage assessment and determination
- Solvency analysis and fraudulent conveyance
- Litigation consulting services provided to trial counsel in preparing to depose and cross-examine valuation experts
- Binding arbitration
- Reasonable officer compensation determination in disputes with the Internal Revenue Service
3. Physician buy-in to medical practices
4. Estate and tax-related valuation
For more information on our trusted valuation counsel, please contact Dustin Page at Dustin.Page@wabccpas.com.
The financial professionals at WABC are well-versed in the law and have worked with many leading law firms. We know what attorneys require to strengthen your case and are experts in advising them on complex financial matters.
Let WABC be your financial representative with cases involving:
- Stockholder claims
- Fraud and embezzlement
- Loss of earnings or wages
- Business valuations
- Estate controversies
- Serve as an expert witness
- Assisted attorneys depositions
- Contract disputes
Personal Financial Planning & Estate Planning
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Growing and safeguarding your personal finances requires one-on-one guidance to help you effectively manage your assets. WABC will help you create a comprehensive financial plan to manage risk, improve performance and ensure the growth and longevity of your wealth.
Talk to a knowledgeable WABC professional about:
- Saving for a comfortable retirement
- Paying for your child’s college education
- Protecting your family in the event of disability or other health concerns
- Achieving your investment goals
- Leaving a legacy for your heirs
Let WABC ease the burden of estate planning by assembling a team of professionals, including experts in law, taxes, and finance, to guide your decisions and save you tax dollars, court costs, and headaches. We have expertise with IRAs, 401K’s, living wills and trusts, disability planning, lifetime family wealth transfers, family partnerships and other business relationships, charitable donations, tax trust issues, and more.
The hassles and red tape of personal financial planning and estate planning can be daunting, but you don’t have to do it alone.
Securities offered through Avantax Investment ServicesSM, Member FINRA, SIPC. Investment advisory services offered through Avantax Advisory Services SM. Insurance services offered through an Avantax affiliated insurance agency.
We currently have individuals licensed to offer securities in the states of CA, CO, CT, DE, FL, MA, MD, MI, NC, NJ, NV, NY, OH, PA, SC, TN, TX, and VA. This is not an offer to sell securities in any other state or jurisdiction.
Reviews, Compilations, and Prepared Financial Statements
For situations that may not require the cost or extent of a full audit, a WABC review can provide limited assurance. Through inquiries with company personnel, observation of operations and review of previous financial statements, WABC accountants develop a solid understanding of your business – its operating characteristics and the nature of its assets, liabilities, revenues and expenses. The WABC team has great familiarity with a number of industries.
In a compilation, WABC packages financial information presented by management in a financial statement report that will often meet the needs of creditors.
Statements on Standards for Accounting and Review (SSARS) No. 21 introduced prepared financial statements, a non-attest engagement. This allows us to prepare financial statements for our clients at a lower cost without issuing a report.
As part of our full-service approach, WABC also offers bookkeeping services, including payroll tax return preparation, posting of journals and ledgers and the preparation of depreciation schedules.
Strategic Business Planning
If you are thinking about starting a new venture or expanding your company’s current offerings or services, developing a strategic business plan is an important first step to achieving your financial goals.
WABC can lead you through this process, helping provide a blueprint for the company, analyzing the competitive landscape and outlining the business mission, products or services, management team, risks and financial health.
Our strategic business planning services can help you:
- Determine your start-up capital needs
- Identify sources of start-up capital
- Evaluate and quantify your borrowing power
- Select a business structure that best fits your needs
- Select the right accounting software
- Prepare a cash flow budget
- Establish billing and collection procedures to maximize your cash flow
- Establish procedures to monitor and control costs
- Set up a home office so you can maximize your tax deductions
- Prepare and file all required state and local licenses and permits
- Prepare and file your application for your Federal Employer Identification Number
- Provide payroll and payroll tax filings
- Comply with employment laws
- Identify your business insurance needs
- Develop a solid partnership agreement
- Create a well-designed succession plan
WABC likes to be a partner to our clients for all of their financial needs and offer services that go far beyond traditional tax preparation. But we understand that when it comes to accounting, reliable tax assistance is a priority.
Dealing with IRS regulations can leave anyone feeling lost without a compass. Working with WABC, you’ll have your own team of seasoned professionals, well-versed in the latest tax regulations, to de-mystify the process and serve your best interests.
WABC offers a full range of tax services, including:
- Tax compliance – we’ll complete your tax returns quickly and meticulously, maximizing deductions and expediting refunds
- Business taxes and bookkeeping – WABC can help you develop the best system for maintaining and updating your tax records
- Tax planning – your WABC tax guides will help you develop strategies to implement throughout the year that will maximize your after-tax income
- IRS solutions – we offer personal, discrete care to ease the pressure of tax problems, including IRS audits, non-filed returns and back taxes owed, payroll tax problems, and tax leans, levies, seizures or wage garnishment