Consulting Services

Our many years of building strong technical skills, expanded knowledge base and solid client relationships, has enabled WISS to expand its capabilities beyond traditional tax and accounting services, allowing our clients to tap into our skills as instrumental business advisors.

While many organizations possess a level of internal support staff to help address needs, often times they also require additional mindshare, deeper expertise, and in-depth experience to offer ideas and solutions.  At WISS, we can assist companies as they capitalize on the opportunities and meet the challenges that exist in managing their business into the future.

Professional Oversight – Knowledgeable Insight

In today’s complex business environment, management roles are continually evolving.  The core functions of financial reporting and accounting decisions are now joined by increased regulations which require a higher level of integrity over the financial and business processes, resulting in a greater level of management over future potential risk. 

WISS is about creative ideas ­– ideas generated by professionals who have worked on both sides of the executive desk, have executive global audit experience, deep and broad industry background and subject matter expertise.  Our goal is to deliver workable solutions that will transform and improve your business processes.

Making The Complex Simple – The WISS Approach

The WISS approach is one where we identify needs through open communication with our clients.  Through effective dialogue we will develop a roadmap in a comprehensive yet practical way that maximizes value. 

Service Offerings

Tax Consulting:

Economic Development Tax Incentives/Empire Zone Program
The New York State Empire Zone (“EZ”) program was created to stimulate economic growth through a variety of financial incentives designed to attract new businesses and to enable existing ones to expand and create new jobs.  We have assisted many business owners to obtain cash tax benefits that the various governmental authorities have created for zone-based businesses.  

Corporate Tax Outsourcing and Cosourcing
Our tax professionals augment your existing tax department with qualified personnel well versed in Federal and State tax compliance.

Accounting for Income Tax Positions
When internal resources are limited, WISS can help you navigate through the complexities of compliance with current tax standards which impact your financial reporting process, including the application of FIN 48 (Accounting for Uncertainty in Income Taxes) and FAS 109 (Reporting for Income Taxes).

State and Local Tax Services (SALT)
With over 5,000 tax jurisdictions, WISS recognizes the increasing burden of state and local taxes as most jurisdictions struggle to close budget deficits.  Our SALT team can help address theses challenges by providing assistance with nexus analysis, tax examination, representation, personal property tax, and sales and use tax.

Corporate Governance, Risk Management and Compliance

Through our consulting division, WISS Business Solutions, we can provide clients with innovative approaches to evaluating their internal business processes and assessing and managing risk to improve operations and maximize corporate value.

Transactional Services

Acquiring all or part of a business is one of the most complex strategic moves a middle-market company can make. The potential rewards can contribute to the company’s success through an expansion of product offerings, increased market share, stronger financial position, and added executive and technical talent.   Our professionals can provide merger and acquisition transaction support services including:

  • Business Valuation
  • Accounting and  tax due diligence
  • Acquisition and financing document consultation
  • Post-transaction activities

 

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