Owner at Wolfe CPA & Advisors - Certified Public Accounting Firm
Specializing on Business Tax Strategies and Tax Savings
Florida Certified Public Accountant (Lic. AD70213)
My CPA Practice expertise lies in tax advisory and tax strategy development, specifically identifying tax strategies to reduce your business tax liabilities.
My Target Market:
1. Small Businesses: annual revenue between $1 million and $50 million.
2. Mid-Size Businesses: Typically have annual revenue ranging from $50 million to $1 billion.
3. Profitable Industries: to provide targeted expertise, agility and responsiveness.
a. Online business: rapid growth and offers significant potential for various services.
i. E-Commerce
ii. Digital Marketing and Advertising
b. Cannabis: A growing industry with potential for financial services.
i. The cannabis industry is rapidly expanding, and businesses in this sector face unique financial challenges.
ii. Considerations include compliance with state regulations, tax implications, and managing cash flow.
iii. Expertise in cost accounting, inventory valuation, and 280E tax rules is crucial for cannabis businesses.
c. Cryptocurrency: High-growth sector with unique tax and accounting needs.
i. Cryptocurrency businesses operate in a high-growth, volatile environment.
ii. Tax treatment varies by country, and tracking transactions across wallets and exchanges is essential.
iii. CPAs need to understand crypto tax reporting, cost basis calculations, and regulatory changes.
d. Technology: Tech companies often require specialized financial expertise.
i. Tech companies often deal with complex revenue recognition and R&D tax credits.
ii. CPAs can help optimize tax strategies and financial planning for tech startups.
e. Real Estate: Real estate transactions involve complex financial considerations.
i. Real estate involves intricate financial considerations, such as property acquisitions and depreciation.
ii. CPAs assist with tax-efficient structuring.
iii. Knowledge of real estate tax laws and cost segregation studies is valuable.
f. Professional Services: Law firms, consulting agencies, and marketing firms seek reliable CPA service and rely on accurate financial reporting.
Below are the services my CPA Practice currently provide:
✔️ Accounting Review and Tax Compliance: Full year accounting review by a CPA - Fixed Fee covering one year of Accounting review.
✔️ Business Tax Strategies and IRS Support:
1. Initial tax assessment at no cost.
2. Business Tax Recovery and IRS Support: If we identify any opportunities for tax recovery, the standard CPA fee would require a fixed fee and will be applied throughout the tax recovery process with a CPA.
3. Business Tax Strategies and IRS Support: If we identify any tax savings, the standard CPA fee would require a fixed fee and will be applied throughout the implementation of the tax plan with a CPA.
✔️ Business Tax Advisory with a CPA: Monthly Fixed Fee with unlimited Tax Advisory
1. Tax planning and tax strategies will be implemented with the client on a monthly or quarterly basis throughout the taxable year.
2. Preliminary tax assessment: an evaluation of your tax situation, often used to estimate your tax liability before the final figures are known. This can help you plan and manage your tax obligations more effectively. Here are some key points:
a. Purpose: It provides an early estimate of your tax liability, which can help in budgeting and financial planning.
b. Process: The assessment takes into account expected income, deductions, and credits for the year. It can be adjusted as more accurate information becomes available.
c. It allows for better cash flow management by spreading tax payments throughout the year rather than facing a large bill at the end. Offering a preliminary tax assessment and tax plan can be a valuable service to clients, helping them understand their potential tax obligations and tax savings.
3. Business Tax Strategies and IRS Support: If we identify any tax savings, the standard CPA fee would require an additional fixed fee and will be applied throughout the implementation of the tax plan with a CPA.
4. Unlimited tax consulting with our CPA: consulting with a CPA which provides peace of mind, personalized advice, and ongoing support throughout the year.
Background
Experienced CPA professional with over 20 years of mixed accounting experience on a variety of business models, and small-mid-size to billion-dollar companies. Areas of expertise includes Taxes, Accounting (GAAP), Audit, Internal Controls, Financial Analysis, and Risk Management.
Throughout my career, I have held positions as director, senior auditor, and tax associate with multinational companies - Tyco International - and US big four accounting firms - PwC and KPMG. These companies encouraged great interaction with a diverse portfolio of clients from different cultures and countries (i.e. Canada, Latin America, Europe, Asia, North America).
Financial Analysis
