Wallace Tax Preparation & Accounting

About Wallace Tax Preparation & Accounting

Based on Wall Street in Manhattan, this tax and accounting practice serves individuals, family-owned businesses and companies of varying size, with much of the work delivered remotely. It positions itself around virtual bookkeeping, cloud accounting and QuickBooks implementation, and it belongs to the QuickBooks ProAdvisor programme. A separate service line covers US citizens living abroad, dealing with foreign-income exclusions, FBAR and FATCA reporting. New ventures can draw on a start-up package that combines business planning, capital assessment, software selection and help with permits, licences and the federal employer number. The site also covers IRS problem resolution, succession planning for family firms and general business consulting. Awards for financial planning and tax work are listed on the home page. Pages are written solely in English, and nothing indicates a staff headcount, a founding year or a focus on foreign-owned companies, so the offer is mainly domestic.

Services

Core work includes tax preparation and planning for personal and business returns, with virtual filing options, plus bookkeeping, reconciliations, payables and receivables, payroll and sales-tax handling. QuickBooks set-up, training and clean-up are provided, along with cloud accounting. Attest-type engagements such as audit, review and compilation are mentioned. Start-up advisory covers business plans, permit and licence guidance and EIN application support. IRS representation addresses levies, liens, audit letters and offers in compromise, and expatriate filings cover FBAR and FATCA.

• ✕ Company formation: not listed
• ✓ Accounting and bookkeeping: offered
• ✓ Tax compliance: offered
• ✓ VAT: offered
• ✓ Payroll: offered
• ✓ Audit: offered
• ✕ Bank account assistance: not listed
• ✕ Residency and visas: not listed
• ✕ Corporate secretarial: not listed
• ✕ Virtual office: not listed