Certified Public Accountants
Services
Williams, Meriwether, Smith & Co., L.L.P. is a certified public accounting firm serving clients throughout the South Plains and Panhandle area of West Texas. We are committed to providing the highest possible service in the most efficient manner possible. Our goal is to build relationships with our clients in an effort to better serve their needs.
We provide comprehensive services to our clients in three major areas:
- Taxation
- Accounting and Auditing
- Management Advisory Services
axation -- Tax planning and advisory services offered by our firm can be an integral part of the success of your business. We prepare all types of tax returns including corporate, partnership, individual, estate, and trust. We participate in continuing professional education to stay abreast of changing tax laws so we can offer our clients a broad base of technical expertise.
ccounting and Auditing -- We provide a full range of accounting services to meet our clients' needs for management information, financial statements and tax accounting records, including:
- Audits, reviews and compilations of financial statements, under guidelines established by the American Institute of Certified Public Accountants.
- Computerized bookkeeping services, including payroll and sales tax returns, for clients for whom it is not practical to maintain these functions in-house.
anagement Advisory Services -- We believe that the role of the CPA is more than "compiling" numbers at the end of the year. With our experience, education, and knowledge of your business or personal situation, we can assist you in making sound business decisions. From year-end tax planning to consultations throughout the year, we are available and committed to making your business a success.
At Williams, Meriwether, Smith & Co., LLP, we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals. Our expertise, experience, analysis and thorough research allow us to optimize financial opportunities to be found in existing as well as recently altered tax laws. We are knowledgeable and up to date on the tax laws and can make sense of your receipts, bills and notices.
Request information about Tax Management Services below
From start-ups to established enterprises,
businesses rely on accurate and insightful financial information in order to maintain profitability
and capitalize on new opportunities. Williams, Meriwether, Smith & Co., LLP's accounting services steer you closer to these goals with
accurate record-keeping and reporting as well as support on financial issues such as initial
accounting system setup, cost-containment, tax planning, investments, and employee benefit and
profit-sharing plans.
These services include but are not limited to:
- General ledger
and financial statement preparation
- Bookkeeping (Monthly, quarterly, or annual)
- Accounting
system setup and support
- Payroll processing
- Cash flow budgeting and forecasting
- Personal
financial statements
- Employee benefit and profit-sharing plans
- Corporate tax planning and
return preparation
- Litigation support
We can set up financial reports for your view to streamline your business and save your valuable time. These reports are important tools that can guide your business in making financial decisions, planning, and evaluating performance.
Request information about Accounting Services below
Audits, Reviews, and Compilation
Williams, Meriwether, Smith & Co., LLP's financial statement services comprise
all three levels of assurance depending on your company's needs.
-Audits offer the highest level of assurance to third parties, and include examination and confirmation of account balances, inventories, and selected transactions.
-Reviews provide limited assurance to outside interests and involve inquiries and analytical procedures applied to financial statement matters.
-Compilations are based upon information provided by a company's management. They do not offer assurance but may involve some adjustment to accounting records.
Request information about Audits, Reviews, and Compilation below
Estate and Trust Planning and Tax Preparation
Effective estate and trust planning can ensure financial security for loved ones. For businesses, it can maintain a smooth succession of ownership. Williams, Meriwether, Smith & Co., LLP's role is to help you navigate the complex and shifting tax laws to facilitate the transfer of assets and minimize the tax liability of your beneficiaries. Everyone should have a well thought out plan as to how to disburse one's estate so as to avoid complications and to be sure wishes are followed. Having your taxes and estate thoroughly and carefully planned will ensure that your loved ones don't have any any complications to deal with during a time of loss.
Request information about Estate and Trust Planning and Tax Preparation below
Professional representation can be vital during an audit, and our experience with tax authorities enables us to guide clients in their dealings with federal and state agencies. If you have been chosen for an audit, the professional representation you can find with our firm can put many of your worries at bay. We are ready and willing to answer any and all questions the IRS may be asking of you.
Request information about IRS Representation below
Accurate record-keeping is essential to a successful business yet can also be complicated and time consuming. Williams, Meriwether, Smith & Co., LLP can help you with the organization and day-to-day tasks of bookkeeping so that you can focus on your core business.
Request information about Bookkeeping/Write-up below
Entity Selection and Restructuring
Your business entity has a large impact on your taxes and other liabilities. From your company's inception through its growth and development, Williams, Meriwether, Smith & Co., LLP can advise you on choosing an entity type and later restructuring if advantageous. With our knowledge and expertise, you will always be receiving the most advantageous entity type for the functions your business performs.
Request information about Entity Selection and Restructuring below
QuickBooks Accounting Help and Assistance
QuickBooks can provide useful and timely information in the form of financial statements, reports and graphs. However, it can only provide this information if you purchase the right product and then install, setup and use it properly. We don.t just help you use the software, we help you use if more efficiently and more effectively.
Williams, Meriwether, Smith & Co., LLP offers the following solutions to help meet your QuickBooks needs:
Personal Training- We train you personally! Either one-on-one or several individuals within your organization at your company's location.
Installation- We install QuickBooks on your stand alone computer or in a network environment, in either single- or multi-user mode.
Setup- We assist new QuickBooks users with initial setup including: EasyStep Interview, Preferences, Lists, Customers, Vendors, Employees, Banking and Reports. We also help experienced users manage their businesses more effectively by improving their current setup. Many users experience problems and lack the ability to generate and track important information as a result of inadequate setup.
Support- Our QuickBooks support service can assist you with any installation, setup or operation assistance you might need. In addition, our support is not limited just to the software part of it, but we can also provide accounting and payroll assistance.
Review- Our QuickBooks review service helps companies that have the human resources to perform daily accounting and payroll tasks, but need an accounting and payroll expert to review your transactions, accounts and reports. This review ensures that you receive timely, relevant and reliable financial information. We also inform you of any corrections, adjustments or reclassifications necessary to ensure that the financial information you receive reflects the correct financial condition of your business. Reviews may be conducted at any time, but monthly reviews provide you with up-to-date information and feedback about your business.
Request information about QuickBooks Accounting Help and Assistance below
Williams, Meriwether, Smith & Co., LLP's payroll services can help you reduce the time spent on administration through developing and implementing a computerized payroll system that will facilitate processing, timely payment and preparation of tax returns.
Request information about Payroll Services below
Financial Projections and Forecasts
No one can predict the future perfectly, but we can all benefit from planning for it. Williams, Meriwether, Smith & Co., LLP combines expertise and experience with a gained understanding of your business to produce financial projections that can help you manage your business plan and spending. Forecasting for the future is imperative to your company's success. We make it a point to keep current with market trends and updates so that your business can be prepared for what is to come. Depending on your needs, our work can range from top-level reports to detailed financial models.
Request information about Financial Projections and Forecasts below
The service includes writing payroll checks and preparing all related reports which must be filed with the various government agencies. All of your current deductions for insurance, 401(k), employee advances, garnishments, etc. can be handled without any problem. If you choose, we will even file the Texas New Hire Report automatically within 20 days of your employee's first day on the job.
Request information about Payroll Express Services below
Mergers, Acquisitions, and Sales
Business transactions and transitions are complicated affairs, and whether you're buying, selling, or considering a potential merger, Williams, Meriwether, Smith & Co., LLP can provide professional know-how to help you successfully structure and negotiate the deal. Williams, Meriwether, Smith & Co., LLP employs careful analysis and due diligence to determine a fair asking price, pinpoint the most favorable tax structures, evaluate financial and cash flow impact, and assess compatible business functions and tactics. Expanding or contracting your business is a huge undertaking. With our expert advice, you can make the right business decisions for your business for optimum success.
Request information about Mergers, Acquisitions, and Sales below
