ADVISORY

ADVISORY

Evolving your business. Globally. As the world evolves, so do your business issues. Today’s achievement is
COST  SEGREGATION

COST SEGREGATION

Generates immediate increase in cash flow through accelerated depreciation tax deductions. Quantifies property’s
TAX

TAX

The business and tax landscapes have changed dramatically, let us help you stay ahead.  
ASSURANCE

ASSURANCE

   Success is governed by many regulatory requirements and stakeholder demands, we can help.
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Who We Are

Established in 1997 in the State of Georgia, Grace Williams CPA PC ("GWCPA") is a MBE & WBE certified public accounting and consulting professional services firm. Our services and solutions improve the effectiveness and efficiency of our clients business. We leverage our knowledge of financial concepts and accounting standards to bridge the gap in the delivery of financial consulting services. GWCPA was founded on the belief that all business and professional organizations whether public or private, need the comprehensive, single-source financial services in order to operate efficiently and profitably.  We believe the information we collect, compile and analyze can be used to maximize profits, reduce time and burden of financial recordkeeping, free clients to utilize resources and talents on their core businesses and activities. Over 50% of Enterprise Resource Planning (ERP) software implementation fail to accomplish their intended business objectives.” The above statement is common in the IT industry and we take great pride on not becoming part of that statistic.  We’re in the business of helping you implement with success and take a checklist approach from the start to guarantee said success. We help determine if the software is specifically design for your industry and include all pertinent features and functionality.

For years our firm has compiled financial statements based on historical transactions and during the tax season we use this data to complete a tax return. These days rather than record historical data we implement proactive measures to help generate this data through comprehensive tax planning, accounting, insurance and financial services.  In today’s economy it’s not enough to simply make the money, it's just as important to implement measures to sustain one's wealth. With that in mind we've created a program known as "The Business Owner" in plain English without “red flags”, “grey areas” or “aggressive” strategies but shows how to retain your hard owned income. With years of experience and a relentless proactive attitude we provide more than just a history lesson in minimizing your taxes, instead we provide concepts and strategies to improve your tax position. Have you ever been asked; is your business structured correctly? Do you have the right benefit plan? Are you taking advantage of all the legitimate deductions, credits , loopholes and strategies the Tax Code offers?

Why do you need a CPA?

We are respected strategist in business, financial, investment advice, and estate planning just to list a few. Not only we do manage finances and taxes, but also determine profitable new product lines, help diversify investments, and provide a variety of other consulting and business services.

What make Grace Williams CPA P.C. different from a bookkeeper or tax preparer? The CPA designation is one of the most widely recognized and highly trusted professional designations in the business world. CPAs are distinguished from other finance professionals by stringent qualification and licensing requirements.

When selecting a CPA, make sure you consider the following questions:

  • Does the individual hold an active CPA license?
  • Are your needs compatible with the CPA’s personality and communication style?
  • Does the CPA have the experience you need?

It’s important to establish a practitioner’s credentials before you retain his or her services. You need to feel that this person has integrity and honesty before you will trust him or her with your financial information. Be aware that fee structures vary and that different types of practitioners have different levels of training and experience.

Keep in mind that you are looking to establish a long-term relationship. You want someone who will learn your business inside and out, and who will become a trusted advisor on major business and financial decisions and transactions. Look not only for technical competence but also for interpersonal and communication skills.

Membership in a professional association is also an important qualification. Members of the Georgia Society of CPAs are governed by a stringent code of professional ethics. CPA firms must undergo a comprehensive review of their accounting and auditing practice every three years.

Defining your objectives and expectations will help you ask the kind of specific questions necessary for finding the CPA best suited to your needs. Think about the services you will need not just today but further down the road.

When looking also consider the following:

  • Ask your lawyer, banker, insurance agent, or investment advisor for recommendations. Speak with colleagues in your field of business about CPAs they know and trust.
  • Develop some of your own plans and objectives before you talk with a CPA. Gather information about business and personal financial decisions under consideration so you can ask specific questions.
  • Make sure the CPA is licensed to practice in Georgia.
  • Ask what professional organizations the CPA belongs to and how active he or she is in those organizations. Many of these organizations require adherence to technical and professional standards, thereby helping to ensure the quality of a CPA’s services.

How can you get the most value from a CPA’s services?

When it comes to working with a CPA, you are in control. There are a variety of things you can do to get the most value out of your time and money spent with a CPA.

Before you even contact a CPA, be prepared with your goals and objectives of what you want the CPA to do for you. Have a list of questions and a clear idea of what you want to accomplish.

Before you meet with a CPA, gather all the documents and information you think you may need - past tax returns, financial statements, investment documents, business plans - and take this information with you to the first meeting.

Keep your CPA up-to-date on what’s happening in your life. Are you getting married, divorced, having children, needing to plan for your child’s college education, expanding a business, or giving the business to an heir? You’d be surprised what life experiences can have a significant impact on your tax liability and personal financial goals.

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