As the list below is by no means all-inclusive, please feel free to inquire about a service if you do not see it listed. If it is not a service we provide, we would be more than happy to refer you to another qualified professional.
Other Services
Litigation Support
Wallace & Associates provides litigation support for various purposes, including business interruption, breach of contract, forensic accounting, fraud and embezzlement investigations, intellectual property infringement, lost wages, wrongful termination, Section 2000 dissolutions, and personal injury matters.
Litigation support basically involves the quantification of economic damages pursuant to existing or pending litigation using accounting and auditing techniques. We have highly experienced professionals who can compile information efficiently and effectively to assist in the calculation and documentation of any potential economic loss or damages.
Consulting Services
Business Valuation
Wallace & Associates values companies for a multitude of purposes, including estate and gift tax, minority shareholder actions, buy/sell agreements, marital dissolutions, mergers and acquisitions, charitable contributions, eminent domain actions, and employee stock ownership plans.
We use a variety of valuation methodologies. We employ income approaches (including discounted cash flow and capitalization of earnings) and the market approach (comparative public company method for larger companies, and comparison to sales transactions for small to medium sized companies), and the cost approach (typically for asset-holding companies, such as family limited partnerships).
Depending on the valuation assignment, we may need to secure valuations (appraisals) of the company's underlying real estate, non-operating assets, and/or operating equipment. The need for an appraisal of the underlying assets may depend on whether the subject interest is a "controlling interest" valuation or a "minority interest" valuation.
Tax Services
Tax Services
In the increasingly complex realm of taxation and accounting, you require professionals whose guidance leads to success. Wallace & Associates provides a full range of business and individual tax and accounting services that range from return preparation to the resolution of tax controversies.
As part of your financial team, Wallace & Associates will help you achieve business goals through innovative tax solutions that preserve already-created capital and foster future financial growth. We are committed to listening carefully to our clients' needs and exceeding their expectations.
We prefer to take a proactive vs. reactive approach to tax services. By keeping current on new tax laws and legislation, we are in a position to identify key tax planning opportunities that minimize both your current and future tax liabilities. We provide our individual and business clients with the taxation expertise and knowledge that they deserve throughout the year. Tax services offered include but are not limited to:
* Tax planning & return preparation
- Individuals;
- Corporations;
- Partnerships;
- LLCs/LLPs;
- Estates, trusts & gift; and
- Not-for-profit organizations.
* Taxing authority representation
* Divorce and support issues
* Tax effects of buying/selling a business
Miscellaneous
Family Law Support Services
Wallace & Associates performs various tasks in support of Family Law matters. We value businesses (from professional practices to closely-held corporations) to determine Community versus Separate property interests. We perform tracings to determine income available for child and/or spousal support, as well as complex marital dissolution tracings such as Moore/Marden and Pereira/VanCamp analyses.
Wallace & Associates is proud to be active members of the Sacramento Collaborative Practice Group (Financial Consultants section). The SCPG consists of family law attorneys, mediators, accounting professionals, and therapists committed to providing individuals in divorce actions an alternative to settling their case without court intervention. The Collaborative Practice aims to maximize the settlement options to the benefit of the participants, and minimize, if not eliminate, the negative economic, social and emotional consequences of litigation to the participants and their families.