Business Details
41 Years
experience
Your Trusted Accounting Partner in Purcellville, VA
Wallace & Associates CPA has been serving clients in Purcellville, VA since 1985, providing comprehensive accounting, tax, and financial planning services. Our team of certified professionals combines decades of experience with personalized attention to help individuals, businesses, and nonprofit organizations achieve their financial goals. We specialize in small business accounting, retirement planning, estate planning, and IRS representation, utilizing advanced tools like QuickBooks to streamline financial processes.Our commitment to discretion, affordability, and efficiency has established us as a trusted partner for clients seeking expert guidance in complex financial matters. We maintain deep familiarity with evolving tax regulations and offer tailored solutions that maximize savings while ensuring compliance. Through free consultations and ongoing support, we empower clients to make informed decisions about their financial futures.
Services
Tax Preparation
Financial Planning
Payroll Services
Estate Planning
IRS Representation
QuickBooks Support
Retirement Planning
Small Business Accounting
Details
- Year established: 1985
Highlights and features
- We offer 35+ years of combined experience in accounting and tax services
- Our team includes certified CPAs and QuickBooks specialists
- We provide personalized financial solutions tailored to individual needs
- Free initial consultation for all new clients
- Specialized expertise in IRS audit representation and tax problem resolution
What people say
Knowledgeable staff
Personalized service
Effective solutions
Reliable guidance
Timely responses
Services
Tax Preparation
Our tax preparation service ensures accurate and timely filing of individual and business tax returns. We stay current with evolving tax laws to maximize deductions while maintaining compliance. Our CPAs provide strategic guidance to minimize tax liabilities and address complex reporting requirements for various business structures.
Estate Planning
We develop customized estate plans to protect assets and facilitate smooth wealth transfer. Services include wills, trusts, probate avoidance strategies, and tax-efficient inheritance solutions. Our approach considers family dynamics, charitable giving goals, and business succession planning to preserve wealth across generations.
Small Business Accounting
We handle complete accounting cycles for small businesses including bank reconciliations, financial statement preparation, and general ledger maintenance. Our services ensure accurate financial records for informed decision-making while freeing business owners to focus on operations rather than administrative tasks.
IRS Representation
Our firm specializes in resolving IRS issues including audit defense, collection negotiations, and penalty abatement. We work directly with tax authorities to address liens, levies, and back tax debts, implementing payment plans or offers in compromise to achieve favorable resolutions.
QuickBooks Support
We provide comprehensive QuickBooks solutions including system setup, data migration, and customized training. Our specialists optimize software configuration for specific business needs and offer ongoing support to ensure accurate financial tracking and reporting capabilities.
People
Sharon Wallace
CPA
Sharon Wallace has specialized in accounting and tax solutions since 1985. She focuses on minimizing clients' tax burdens while helping achieve financial goals through strategic planning and personalized service.
Mary Buresh-Powell
Enrolled Agent
Mary Buresh-Powell specializes in small business accounting and tax preparation. She leverages QuickBooks expertise to maintain client financial health and volunteers with animal rescue organizations in her free time.
J. Michael Dougherty
CPA, Attorney
With over 30 years' experience, Mike Dougherty focuses on tax planning for individuals, estates, and trusts. He holds both CPA and law credentials, providing comprehensive tax solutions for complex financial situations.
Maryellen Tibbs
Small Business Specialist
Maryellen Tibbs offers 20+ years of bookkeeping and accounting experience for small businesses and nonprofits. She supports faith-based organizations and provides specialized financial management for business clients.
Kathy Lutman
Accountant
Kathy Lutman specializes in real estate accounting and individual tax preparation with over two decades of experience. She provides tailored financial solutions for real estate professionals and property investors.
Questions
What accounting services do you offer for small businesses?
We provide complete small business accounting including bookkeeping, payroll processing, financial statement preparation, and tax compliance services tailored to your specific needs.
How can you help with IRS tax problems?
Our firm specializes in resolving IRS issues including audit representation, back taxes owed, payment plans, and lien/levy releases using our deep understanding of tax code.
Do you offer QuickBooks support for businesses?
Yes, we provide QuickBooks setup, training, and troubleshooting services to help businesses maximize their accounting software's capabilities.
What estate planning services are available?
We offer comprehensive estate planning including wills, trusts, probate avoidance strategies, and tax-efficient asset transfer solutions tailored to your family's needs.
How do retirement planning services work?
Our retirement planning evaluates your current financial status, creates personalized savings strategies, and optimizes tax-advantaged accounts to ensure financial security in retirement.
