Rich, Wightman & Company, CPAs

Planning: We provide year end tax planning to minimize and timely inform clients of tax liabilities (business and personal)
Strategy: Development of tax strategies related to unusual business transactions
Preparation: We prepare all federal, state and local income tax returns
Complex Returns: We prepare Gift Tax, Trusts, Estate and Not-for-Profit returns
Tax Recovery: We prepare amended returns, net operating loss carrybacks and abatement of penalties
Representation: We represent taxpayers in IRS audits, appeals, collection issues and negotiation of liabilities

Certified: We provide audits of privately held companies for banking, bonding and regulation
Benefit Plans: 401(k) and ESOP audits, including assistance with compliance
Compliance: SAS 70 audits
Not-For-Profit: 501(c)(3) Charitable organizations
Government: Government (Yellow Book) audits
Special: Bankruptcy and agreed upon procedures audits
Financial Statement Preparation: Unaudited, Compilations and Reviews for all industries and businesses (sole proprietors, LLCs, Partnerships and Corporations)

CFO Services: We provide sophisticated business concepts for management to consider
Outsource: We can be your entire accounting department
Competence: Our CPAs provide monthly accountings that accurately reflect your company’s operations on a timely basis that will lower costs of annual tax filings
Financials: We assist with monthly preparation of in-house financial statements
Compliance: We prepare state and local monthly and/or quarterly filings

Estate and Tax Planning: Certain Estate Plans and gift Tax Returns require that a business valuation be performed using methods prescribed by the IRS
M&As: Before and during many business mergers and acquisitions, business valuations will be performed to help determine purchase prices, contract terms, allocations and overall strategy.
Litigation: Quite often the value of a business is a much-debated issue during litigation. Business valuations help to determine equitable resolutions
GAAP: FAS 141 and 142 require, at various times, the application of modern valuation to measure impairment of intangible assets
Specialists: Our valuation staff consists of advanced certifications with CVA designations

Minimize Tax: Or eliminate estate taxes using the most advanced planning techniques
Overall Plan: Working with the client & other professionals to achieve specific goals that include the "Family" and "Family of Business"
Compliance: We prepare all necessary federal, state & foreign filings including Forms 706, 709, 1041, 990, 1065
Asset Protection: Incorporate, if necessary, entities & possible asset protection into overall estate plan
Accounting: We provide annual accounting for court proceedings & beneficiaries
Litigation: Assistance with family disputes, litigation negotiations & evaluation of equitable remedies

Statistics: Did you know losses to fraud are estimated to be 5% of your gross revenues? (Source: ACFE sm 2018 Report to the Nations on Occupational Fraud and Abuse).
Psychology: Opportunity, Motivation, and Rationalization are key elements to fraud
Training:

Investigation: Red flags and other evidence of fraud
Specialists: Our fraud unit consists of staff with advanced certifications CFF and CFE designations

Support: We commit our accounting staff and firm resources
Timeliness: We communicate missing accounting pieces to keep the case moving forward
Strategy: We inventory and evaluate accounting documents and provide alternative sources to obtain missing pieces
Consulting: We are experienced in handling complex accounting issues. We interpret and translate sophisticated accounting matter to legal jargon
Expert: We have experts that have testified in every court
Reports: We prepare valuation, damage studies, exhibits and settlement proposals

Accounting and Consulting Services