As highly trained experts in their fields, lawyers, consultants and other professionals greatly appreciate the expertise provided by skilled accountants. At HMWC CPAs & Business Advisors, we help professionals with numerous facets of their business operations.

Recordkeeping Services - We help professionals to effectively manage their practices through our assistance in handling recordkeeping and preparing necessary forms.

• Payroll/labor records
• Bank reconciliations
• Accounts payable and accounts receivable
• Payroll and sales tax returns
• Monthly financial statements and general ledger

Tax Services - HMWC CPAs & Business Advisors provides a full range of tax services for corporations, partnerships and individuals, as well as trusts and estates:

• Tax minimization strategies
• Federal, State, multi-state and international tax planning and compliance
• Planning and structuring for complex business/personal transactions
• Employment, property, sales, use and excise taxes
• Tax planning for pension, benefit and incentive compensation plan
• Stock option planning
• Investment, research and enterprise zone tax credits
• Consulting for business formations, liquidations and dispositions, mergers and acquisitions, and reorganizations
• Assistance with tax-free exchanges of property
• Tax controversies and representation before IRS and Franchise Tax Board

Financial Management - Professionals appreciate an accountant who does more than just “run the numbers.” You need a true business advisor – someone to develop ideas to help meet your present and future goals, as well as solve existing problems.

• Income statement and balance sheet projections
• Working capital/cash flow management
• Review of proposed capital expenditures
• Revenue enhancement strategies
• Compensation/benefits programs
• Retirement plan funding
• Assistance with debt or equity financing
• Business plan design/implementation
• Reorganization and restructuring
• Insurance/risk management
• Investment strategies and portfolio allocation
• Estate planning
• Financing children's education

Pension & Human Resources Consulting - As a third party administrator, HMWC CPAs & Business Advisors is able to custom design plans to meet each practice's specific needs, educate employees, provide all the required forms, and render ongoing administration services.

• Retirement Plans: Defined benefit plans, profit sharing plans, 401(k) savings plans, and money purchase pension plans.
• Fringe Benefits: Cafeteria plans, medical savings accounts, health care reimbursement accounts
• Pension plan design, installation and administration