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Wood Accounting & Advisory Services, LLC

Business Services

Contact Me (540) 825-2055

Incomparable Business Services in Fredericksburg, VA

business owner standing in front of storeBusiness accounting, payroll, and tax preparation functions are among the most challenging workflows for small businesses. In addition to the tremendous number of tasks you need to keep up with, there exist many regulations that govern this space. Wood Accounting & Advisory Services, LLC provides you with a highly efficient system for managing accounting and taxes, allowing you to remain competitive and put your focus on your core business.

If you're looking to grow your business and stand out within your industry, Lewis Wood, CPA can help manage your accounting, bookkeeping, payroll, and tax preparation obligations, so you can spend more time generating value for your company. We have the expertise and experience to support your essential business functions to help maximize your bottom line. Contact us for a consultation today!

Call Us: (540) 825-2055 Get Your Consultation

How Wood Accounting & Advisory Services, LLC Accountants Can Help Your Business Thrive

Handling business services in-house can be quite costly for your small business. By the time you dedicate personnel and resources to payroll functions, balancing accounts, and preparing tax documents, you may find yourself with limited time and resources to pursue other important goals.

Small businesses in most industries have realized the benefits of working with a CPA on accounting tasks. This is the best way to avoid high costs, tax issues, and payroll delays. We can help your small business in the following ways:

1. Save On Costs

Accounting is a time-consuming process. Not only do you need to record each transaction, but all accounts also need to be regularly balanced and audited for accuracy. Performing these tasks in-house is often expensive and can significantly limit your cashflows. This is when we help you save money without compromising on efficiency.

We strive to help your business maintain accurate financial records. From keeping up with accounts receivables to automating mundane tasks, we develop valuable and efficient workflows with your company to help you save big on costs.

Many a time, small businesses fall behind in their bookkeeping. While the consequences of falling behind aren't immediate, they can make tax season or year-end accounting a nightmare. Indeed, many small businesses struggle to reconcile their financial statements after falling weeks or months behind during the fiscal year. We will help you keep your records up to date, and even help you catch up with backdated accounts.

Wood Accounting & Advisory Services, LLC is an expers in maintaining your books. We can identify critical mistakes, correct them, and recommend workflows that prevent the same issue from occurring in the future. Proper maintenance is also the best way of avoiding tax issues with the IRS.

The two things that your business should never delay are taxes and payroll payments. Paying your employees on time will ensure high levels of productivity and a strong reputation for your business. Furthermore, filing your taxes on time will help you avoid costly fines from the IRS.

There are more than 100 fines and penalties that the IRS can impose on businesses for tax violations. We are here to help you do accurate tax preparation on time or file for a tax extension. We also provide advice regarding tax resolution.

Excellent Small Business Accounting Services to {city, VA, Communities

Lewis Wood, CPA provides essential accounting, tax, and payroll services that will drive your company through the path of continuous growth. Here are some of the critical services we provide:

Quality Monthly and Quarterly Financial Reviews: We organize your books, prepare your financial reports, and track your performance, as well as carry out monthly, quarterly, and annual reviews to determine whether you're meeting your goals. Based on performance reviews, we help you revisit your planned activities and assist with decision making to improve your organization's performance.

Prompt Bill Payment Scheduling: We schedule your bill payments to avoid late fees, disruptions in service, or pressure on your relationships with suppliers. Bill payment scheduling can be done via an automated system, so you don't have to take time manually entering each payment amount.

Accurate Bookkeeping Services: We take time to analyze your financial records, detect unusual entries, correct mistakes, and identify cost-saving opportunities. We also help you save time when recording daily transactions by automating repetitive tasks and categorizing your entries appropriately.

Efficient Payroll Services: We help you process all payroll functions, produce detailed reports, and file relevant taxes long before the deadline. We ensure that your employees are paid the correct amount on time.

Precise Business Tax Preparation: Our CPA can handle all your numerous tax requirements, including payroll taxes and deductions from employee paychecks. If, as an employer, you make it easier for your employees by withholding amounts for federal tax, social security, Medicare, and wage garnishments, calculating each amount for each employee can be a nightmare for you. However, you don't need to sweat it, we are here to handle frustrating tasks and make them hassle-free.

Industries We Serve

We specialize in many different industries that are driven by small businesses. From restaurants to dental practices, you can depend on our accounting professionals to get your books in order and set you on the path towards profitability. We have extensive experience in working with companies in the following industries:

  • Startups in any industry
  • Doctors
  • Dentists
  • Restaurants
  • Hospitality
  • Nonprofits
  • Real Estate (developers & investment property owners)
  • Retail
  • Service industries, i.e., maids

Business Consulting Services

businesswoman working at desk in officeAt Wood Accounting & Advisory Services, LLC, wes are more than just accounting and tax professionals. We provide exceptional consulting services to businesses in many different industries. You can depend on us when you need to develop internal controls or obtain sound advice with our  CFO services.

We have years of experience in preparing and reviewing financial statements resulting in sharp insights that benefit your business. We can help you develop a financial framework to improve your bottom line and assist your thriving business.

Start Your New Business with Our Support

We can assist you throughout your new business formation process. Our expertise and knowledge of the industry are vital in forming a new business opening appropriate financial accounts, and purchasing the right equipment. Don't let the uncertainty and stress of starting a business consume you. You can rely on our us to help guide your decisions and set you on the path towards growth.

Ready to Make Your Fredericksburg, VA, Business Thrive?

As a small business, having the right support at the right time is critical to the success of your daily operations. Many different functions go into small business growth. From accounting to tax, payroll, and consultancy, having the right “cocktail of solutions” is critical to sustained growth and meeting your overall objectives. This is why Wood Accounting & Advisory Services, LLC is here to help.

Call Us: (540) 825-2055 Get Your Consultation

Small Business Accounting
As a small business owner you have more important things to do than to keep your own books. I take care of your books for you, so you can get back to the job of running your business and generating profits.
I offer payroll solutions that meet your business's needs and enable you to spend time doing what you do best--running your company.
Part-Time CFO Services
My Part-Time CFO service gives you a professional financial manager who works with you to help guide your business to success.
New Business Formation
Opening your own business is exciting and thrilling. It's everything that comes after the excitement and thrill has worn off that dictates whether a small business will make it or not.
Non-Profit Organizations
The IRS uses very specific revenue and expense classifications to determine if your organization will retain its tax-exempt status.
Internal Controls
I assess your internal control systems to determine the efficiency and effectiveness of your operating procedures, then I make recommendations that help your company become stronger.