818-997-7712

Weiss Brings Consistent Growth to Clients' Businesses

Weiss Accountancy has served a multitude of business categories and professional services over our 60+ years in business. Although there are some business categories that we are more involved in than others, we choose not to specialize in any one industry. It is not the specific type of business that we serve, but the relationships we build that mean the most to our clients and to us.

Diversity is Our Strength

 

Our clients come from industries as diverse as real estate, construction, specialty manufacturing and entertainment. Below are some of the industries for which we often provide our accounting, and business and financial consulting services.

  • GENERAL SERVICES

    Real Estate

    We provide accounting for investors, developers, property managers and others.

     

    Importing and Distribution

    At Weiss AC we service a wide array of companies in the import and distribution arena, from drop-shippers to multi-state wholesalers in the U.S., Europe and Asia.

     

    Specialty Manufacturing

    We have worked with numerous niche market manufacturers offering products from the simple to the complex.

     

    Entertainment Industry Entities

    We are quite familiar with needs of those who work in the entertainment industry and offer tax, financial and consulting services to business managers, writers, producers, directors, talent agents and others.

     

    Film Production

    Many of our clients are in the film production arena woking in independent films and commercials. Our team provides them with any accounting, tax, consulting or support services they need.

     

    Post Production

    Video and soundtrack editors, special effect artists, and others in the post production field come to us for the exemplary accountancy and consulting services we offer.

     

    Film related

    We have become known as the go-to accountancy firm for many in the film industry including producers, directors, editors, set designers, stunt companies, production designers, art designers, costume designers, cinematographers, etc.

     

    Not-for-profits

    Not-for-profits such as private schools, medical support and religious organizations often have specialized tax and accounting needs. Our experienced team provides these services and more.

     

    Service Professionals

    Services professionals (doctors and lawyers, real estate professionals, consultants, loan corporations and others) don’t always have the time to stay on top of all their accounting and financial needs. Our team of accountants, financial advisors and support staff at Weiss AC are always here to help.

     

    Architects and Engineers

    Specialty accounting for Work in Progress, accrual to cash issues.

     

    Construction Services and Support

    We work with our construction clients (e.g., contractors, drywallers, plumbers; electricians) to provide the infrastructure they need to grow their businesses.

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Specialty Services

Weiss Accountancy Corporation Takes Accounting to New Levels

 

Our diverse client base has given us experience with some rather unique financial and tax issues. We have gained valuable experience over the years in numerous specialized areas, many of which are listed below.

 

  • Mergers & acquisitions
  • Asset protection
  • Investment review
  • Bankruptcies
  • Litigation support
  • Cash flow forecasting
  • Employee benefit plans
  • Expert witness services
  • Internet commerce

 

Our clients benefit from our expanded knowledge base, often using us as their first point of contact for any business decisions.

Main Services

Sound Advice from an Established and Experienced Accounting Firm

 

Our main accountancy and business services include accounting, tax and consultation. They are reflected in the categories listed below.

  • ACCOUNTING

    Financial Statement Attestation

    There are three levels of security in financial statement attestation: audits, reviews and compilations.

     

    • Audits are the highest level of attestation. We render an opinion on the reasonableness of the underlying financial statements.
    • Review is the next stage down. It includes a full financial statement presentation, but not an audit.
    • Compilation is the lowest stage of financial statement attestation. This involves financial statement presentation, but a very low level of assurance.

     

    Bookkeeping/Write-Up

    Well-organized financial records are the foundation of a successful business. They ensure that business operations run more efficiently on a daily basis. Our qualified staff can assist you with the day-to-day tasks associated with bookkeeping and can provide training to your staff as well.

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Tax Services

  • TAX PREPARATION

    We prepare all levels of tax returns including Individual, Partnerships and LLC’s, C and S Corporations, Estates and Trusts, and multiple state returns. At Weiss Accountancy Corporation, we take a proactive versus reactive approach to tax services. Staying current on new tax laws and legislation allows us to identify key tax planning opportunities that minimize tax liabilities. We bring our tax expertise and knowledge to our clients throughout the year. Our tax services include, but are not limited, to:

     

    • Tax planning and return preparation
    • Individuals
    • Corporations
    • Partnerships
    • LLCs/LLPs
    • Estates, trusts and gift
    • Not-for-profit organizations
    • Tax authority representations
    • Divorce and support issues
    • Tax effects of buying/selling a business

     

    We do all this to remain “Your Trusted Financial Advisor”.

     

    Estate and Gift Planning

    To protect assets in the case of death, transfer of a business or dissolution of a partnership, we recommend clients create an estate and gift plan. The orderly transfer of assets to beneficiaries provides security for the surviving spouse or partner. Combined annual limits for estate and gift planning are now over $28,000 for a married couple. It can also reduce or eliminate the tax due on the transfer of your business and other assets. Your trusted advisors at Weiss AC guide you through the complex process of getting your financial affairs in order.

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Consulting Services

We Serve All Business Needs

 

After 60 years in business, we’ve seen it all. Our broad base of experience allows us to help clients identify areas negatively impacting their profitability and growth potential. We then work with them to develop solutions that are practical and technically sound for their business and industry.

Our team members are also a sounding board for our clients’ management personnel, providing comprehensive, flexible strategies that can be readily implemented. Below is a sampling of just some of the consulting services we offer:

 

  • Accounting software selection and implementation
  • Type of entity selection
  • Business valuations
  • Buying/selling a business
  • Financial and retirement decisions
  • Estate, trust and gift planning

 

Our clients are experts at what they do. We help them go beyond their own expertise to ensure that their business success continues.

  • CONSULTING SERVICES

    Accounting Software Selection & Implementation

    What computerized accounting software is best for a small business or personal use? That depends on the features, functionality and benefits of each. At Weiss AC, we advise our clients on the which software best fits their needs. Once the software package has been chosen, we offer implementation services to install the software on their computers and train their staff in its proper use. This includes Sage 100 ERP (formerly Mas 90) and Xero accounting programs. We are also certified Xero consultants.

     

    Buying and Selling a Business

    The acquisition or disposition of a company involves a multitude of steps and strategies that to be effective must be properly structured. Weiss AC team members work with our clients to ensure that the business infrastructure is strong, the pricing is realistic and achievable, and the transaction is beneficial for our client. To accomplish this, we address cash flow analysis, tax considerations and more.

     

    Estate Planning

    Whether it involves personal or business assets, we recommend our clients have an estate plan in place. On the personal end, estate planning facilitates the orderly transfer of assets to beneficiaries and can reduce or eliminate the tax due on the transfer of your business and other assets. Estate planning provides business owners with a plan that offers continuity and succession directives. Weiss AC guides our clients through the complex process of getting their financial affairs in order.

     

    Financial Planning

    To be effective, financial plans must address current and future financial challenges. Our team members assess those financial needs and develop strategies that will enable clients to achieve their goals and strengthen their financial security.

     

    Business Consulting

    We gauge our worth by the personal and business successes of our clients. By identifying areas that are blocking profitability and growth, our experienced team helps clients develop practical and technically solid solutions. We also act as a sounding board for management, providing comprehensive, flexible strategies that address their business issues.

     

    Business Valuations

    Professional valuations—the value of your business—are not just performed when purchasing, selling or dissolving a business. They are required when updating buy/sell agreements, S elections, estate or gift valuations, and divorce or business separations. At Weiss AC, our team of qualified Certified Valuation Analysts (CVA) are also CPA's. These experienced professionals have tremendous insight into businesses, tax planning, and estate and gift applications, and can accurately value businesses, partnership interests or estates. Our useful and objective analysis assists clients in the valuation of any entity they may have interests in.

     

    Financial Statement Assistance

    SSARS 21 allows CPA firms to assist clients with their financial statement preparation without the assurance levels, accompanying fees and compliance that we have historically been required to complete.

     

    Technology

    We offer system selection, implementation, training and consulting from Quickbooks, Sage 100 ERP and cloud-based software such as Xero.

     

    Bookkeeping & Business Management

    Our clients vary from those who need limited assistance to higher net worth individuals who desire all-encompassing financial service. We also provide recruiting and training for our clients’ new hires.

     

    Business Consulting

    Each year we prepare annual budgetary models for clients. This includes both a Forecasted Income Statement and a Forecasted Balance Sheet to help them benchmark their performance and monitor the movement of their working capital.

     

    M&A Consulting

    When clients buy companies and sell their business, we advise them on the financial and tax considerations involved.

     

    Bank Financing

    A financial plan is a must when approaching a prospective lender. Weiss AC uses a financial model we’ve developed to aid clients in obtaining bank or other credit financing.

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Miscellaneous

 

Weiss Accountancy Corporation strives to provide clients with one-stop accounting and financial services. As part of that, we offer installation, implementation and training for related software.

 

Quickbooks Consulting

We set up clients’ Quickbooks applications and help get their systems on track.

 

Sage 100 ERP

We offer installation and implementation support for Sage 100 ERP accounting software, formerly Mas 90 and Mas 200. The software is ideally suited for businesses with 1 to 50 users.

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Weiss Accountancy Corporation

16217 Kittridge Street

Van Nuys, CA 91406

818-997-7712

© Copyright 2017 Weiss Accountancy Corporation | All rights reserved.