Income Tax Preparation:

At Watford and Associates, LLC tax planning and compliance are packaged into a unique service that provides each client the full benefit of tax saving strategies.

We look at a bigger picture and apply our knowledge of current tax law to minimize liabilities and ensure that you benefit from every option to save that is available to you. We realize the importance of understanding each client's situation and closely follow changes throughout the year that may impact you.

Our tax planning and compliance services focus on:
• Individuals
• Small Businesses

Audit Preparation:

An audit provides the highest level of assurance that the financial statements fairly represent the entity's financial position and results of operation in accordance with generally accepted accounting principles. The objective of an audit is the expression of an opinion about the financial statements of an organization. The opinion indicates whether the financial statements are free of material errors or irregularities and are prepared in conformity with accounting principles generally accepted in the United States of America.

We at Watford & Associates, LLC will assist you in preparing for your audit. We will prepare financial statements, audit schedules, and other ad hoc services that will guide you through the entire process of your audit.

Financial Statement Preparation:

Watford & Associates, LLC offers Financial Statement Preparation services. These services include the following:

Financial Statement Compilation
A Compilation involves preparation of financial statements from information provided by management. A Compilation does not include any procedures performed in an audit or review engagement, or the expression of an opinion or any other form of assurance on financial statements.

In a compilation engagement, we will request all the initial accounting records processed by management then we will compile the financial statements in a form that is in accordance with generally accepted accounting principles.

Outsourced Accounting Services:

In today’s business environment, the function of accounting has become much more than recording and tracking historical financial record. Chief Financial Officer’s (CFO’s) Chief Executive Officer’s (CEO’s) and entrepreneurs now have to use accounting and financial processes to effectively, strategically and ethically manage their business. New requirements and regulations have made proper accounting more essential than ever. These requirements demand a certain level of special expertise.

Watford & Associates, LLC professionals have the necessary experience and expertise to meet the current demand of proper accounting. We offer the following accounting services to help you carry out your day to day business needs and assist you with meeting your goals:

• Temporary Controllership
• Preparation of monthly Balance Sheet and Income Statement
• Bank Reconciliation
• Day to Day bookkeeping
• Business Operations Improvement

Accounting System Training:

We offer training on the following software packages:

• QuickBooks
• Peachtree
• Microsoft Dynamics SL (Solomon)
• Accounting Relief