Businesses

Success for Private Companies

Your company needs more from its accounting firm than financial statements and tax returns. You need a firm that will help you win.

Your next accounting firm should be a strategic partner, whose experience and mission-specific guidance can help you achieve your important business objectives, minimize your tax burden, attract the capital you need in order to grow, and maximize business value.

Your next accounting firm should be Walker & Armstrong.

What is the "WALKER & ARMSTRONG DIFFERENCE" for BUSINESSES?

FIRM AND INDUSTRY LEADERS IN SERVING CLOSELY HELD COMPANIES

  • Eric Rogina, MBA, Director of Client Services & Operations
  • ESSENTIAL SERVICES

    • Tax

      We understand the unique tax rules that govern for-profit businesses.


      In addition to tax preparation services, our tax professionals are available to provide tax advice to closely held companies on matters such as the following:


      • Business formation
      • Entity selection
      • Government agency audits
      • Multi-state tax matters
      • Lease-versus-buy analysis
      • Deferred compensation matters
      • Fringe benefit packages
      • Mergers and acquisitions

      LEARN ABOUT OUR TAX SERVICES
    • Qualified Facility Tax Credit

      Walker & Armstrong helps companies receive the Qualified Facility tax credit.


      The Qualified Facility tax credit is an Arizona refundable credit that promotes the location and expansion of manufacturing facilities, including manufacturing-related research and development or headquarters facilities. This valuable state income tax credit is equal to the least of the following:


      • 10% of the qualifying capital investment, or
      • $20,000 per net new job at the facility, or
      • $30 million per taxpayer per year.

      After you have completed the pre-approval application process:


      • You will enter into a written managed review agreement with the Arizona Commerce Authority (ACA).
      • Walker & Armstrong's professionals are ACA-approved to perform the written managed review.
      • After we submit our report to the ACA, you can submit an Application for Post-Approval, which paves the way for the tax credit.

      Managed Review Testimonial - Economic Incentives Advisory Group


      DOWNLOAD THE TESTIMONIAL HERE


      "Walker & Armstrong ... has been exceptional in its professionalism, technical knowledge, communication skills, and response time. ... As we manage the day-to-day requirements of the program for our clients, we know that we can count on Walker & Armstrong to perform the Managed Review portion of the process efficiently and effectively and with complete respect to our clients and their schedules."


      For more information about the Qualified Facility tax credit, visit the Arizona Commerce Authority website.

      LEARN MORE ABOUT THE TAX CREDIT
    • Audits & Reviews

      Walker & Armstrong is a leader in performing quality and timely audits for clients in all major economic sectors.


      An audit is a review and objective examination of the financial statements, including the verification of specific information as determined by the auditor or as established by general practice. An audit provides the highest level of assurance and is often required by lenders, funding agencies and other stakeholders.


      We perform compilation and review engagements for not-for-profit entities, privately held companies, and county, municipal and tribal governments.

      LEARN ABOUT OUR AUDIT & REVIEW SERVICES
    • Pre-Audit

      By paving the way for your annual audit, an efficient pre-audit facilitates a smoother, quicker, less disruptive and less expensive annual audit.


      Our valuable “pre-audit” services, which make up the first step in the process of an audit, include project management and staff training in audit preparation.


      During a pre-audit, we assist our clients in the preparation of audit schedules and supporting documentation necessary to facilitate a more timely and efficient audit process. We also will prepare financial statements and supporting schedules.

      LEARN ABOUT OUR PRE-AUDIT SERVICES
    • Accounting & Advisory

      We provide accounting and consulting services to our non-attest clients, including audit preparation, financial statement preparation, and advising on QuickBooks.

      OUR ACCOUNTING & ADVISORY SERVICES
    • Forensic Accounting

      We have conducted Forensic Accounting and Financial Investigations.


      Clients have called on Walker & Armstrong to:


      • ensure the integrity of their internal controls
      • investigate suspected fraud or misappropriation of funds
      • and produce reports on matters of interest to governing bodies, management and funding agencies.

    We understand the unique tax rules that govern for-profit businesses.

    In addition to tax preparation services, our tax professionals are available to provide tax advice to closely held companies on matters such as the following:


    • Business formation
    • Entity selection
    • Government agency audits
    • Multi-state tax matters
    • Lease-versus-buy analysis
    • Deferred compensation matters
    • Fringe benefit packages
    • Mergers and acquisitions

    Walker & Armstrong helps companies receive the Qualified Facility tax credit.

    The Qualified Facility tax credit is an Arizona refundable credit that promotes the location and expansion of manufacturing facilities, including manufacturing-related research and development or headquarters facilities. This valuable state income tax credit is equal to the least of the following:


    • 10% of the qualifying capital investment, or
    • $20,000 per net new job at the facility, or
    • $30 million per taxpayer per year.

    After you have completed the pre-approval application process:


    • You will enter into a written managed review agreement with the Arizona Commerce Authority (ACA).
    • Walker & Armstrong's professionals are ACA-approved to perform the written managed review.
    • After we submit our report to the ACA, you can submit an Application for Post-Approval, which paves the way for the tax credit.

    Managed Review Testimonial - Economic Incentives Advisory Group


    DOWNLOAD THE TESTIMONIAL HERE


    "Walker & Armstrong ... has been exceptional in its professionalism, technical knowledge, communication skills, and response time. ... As we manage the day-to-day requirements of the program for our clients, we know that we can count on Walker & Armstrong to perform the Managed Review portion of the process efficiently and effectively and with complete respect to our clients and their schedules."


    For more information about the Qualified Facility tax credit, visit the Arizona Commerce Authority website.

    Walker & Armstrong is a leader in performing quality and timely audits for clients in all major economic sectors.

    An audit is a review and objective examination of the financial statements, including the verification of specific information as determined by the auditor or as established by general practice. An audit provides the highest level of assurance and is often required by lenders, funding agencies and other stakeholders.


    We perform compilation and review engagements for not-for-profit entities, privately held companies, and county, municipal and tribal governments.

    By paving the way for your annual audit, an efficient pre-audit facilitates a smoother, quicker, less disruptive and less expensive annual audit.

    Our valuable “pre-audit” services, which make up the first step in the process of an audit, include project management and staff training in audit preparation.


    During a pre-audit, we assist our clients in the preparation of audit schedules and supporting documentation necessary to facilitate a more timely and efficient audit process. We also will prepare financial statements and supporting schedules.

    We provide accounting and consulting services to our non-attest clients, including audit preparation, financial statement preparation, and advising on QuickBooks.


    We have conducted Forensic Accounting and Financial Investigations.

    Clients have called on Walker & Armstrong to:

    • ensure the integrity of their internal controls
    • investigate suspected fraud or misappropriation of funds
    • and produce reports on matters of interest to governing bodies, management and funding agencies.

    SUPPORTING ARIZONA BUSINESSES SINCE 1971

    Walker & Armstrong is a leader in providing professional audit, pre-audit, tax and consulting services to companies in major Arizona industries.


    To meet your changing needs, we strive to understand and continually monitor the tax, regulatory and economic trends and developments that affect your industry.

    • Health Care

      We have a staff of dedicated individuals who understand the complex, constantly changing requirements and profitability challenges that confront health care providers and administrators. From receiving and allocating federal and state monies to correctly reporting revenue recognition, our staff has the experience and knowledge to guide any health care provider through the maze of analyses and reporting.

    • Manufacturing

      Since our inception, our clientele has included manufacturing companies and accordingly, we have extensive knowledge of cost accounting concepts and can assist our clients with the unique aspects of inventory costing including IRC 263A compliance. Our experience with this industry includes plastic manufacturing, precision machining and metal fabrication, printing and graphic arts, modular homes, agribusiness and technology.

    • Agriculture

      Our experience in the agriculture business includes farming and cattle operations and accordingly, we understand the unique aspects of this industry including cost accounting and unique inventory valuation matters.

    • Real Estate

      Since our inception, we have provided our professional services to the real estate industry. Our experience includes land developers, condominiums, homebuilders, hotels and resorts, associations and clubs, property and asset managers, commercial office and retail.

    • Construction

      Our experience in the construction industry provides us with the ability to understand the unique aspects of your business including job costing and cost revenue recognition matters. We are committed to serving this industry through continued training in matters affecting your business.

    • Wholesale and Retail

      Our staff are dedicated to providing effective and timely accounting and tax compliance services for our wholesale and retail industry clients, including cost analyses and tax planning and compliance.

    • Professional Service Providers

      At Walker & Armstrong, our experienced staff provide professional service providers with access to outstanding resources and hands-on involvement. Attorneys, physicians, consultants, architects, engineers and advertising professionals are examples of professional groups we have served. These professional groups depend on our industry specialists for updated information regarding new legislation and industry trends that directly affect each professional group.

    • Golf Courses

      We have provided audit, review and tax compliance services to this industry for more than a decade. In addition to the accounting and reporting matters that are specific to this industry, we also understand the economic trends and unique areas affecting the industry.

    • Restaurants.

      Our professionals have been involved in traditional compliance engagements applicable to restaurants as well as unique engagements specific to the industry. Our experience includes accounting and consulting services including assisting with due diligence matters in connection with the sale of restaurant businesses. In the course of these unique engagements, we have developed an extensive understanding of our client’s point of sales systems, inventory control and asset capitalization considerations and other matters that are specific to the restaurant industry.

    • Resorts

      Walker & Armstrong provides services to the hospitality industry with an expertise in all aspects of a resort business model. From the restaurant operation to the concierge service, we strive to help our clients evaluate the overall impact of strategic decisions in various operations. Our resort specialists work one-on-one with our clients to understand the business and provide individualized service for each client.

    • Oil and Gas

      We have had extensive experience in the oil & gas industry, from the individual investor to the operation and ownership of various wells. Our experienced staff not only has knowledge of financial considerations relating to oil & gas, but also a true understanding of the tax consequences of oil and gas activities.

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