White Oak Accounting Solutions

White Oak Accounting Solutions is dedicated to providing personalized accounting services tailored to the unique needs of new and growing businesses. We understand that every business is on a different journey, with its own set of challenges and goals. That's why we take a collaborative approach, working closely with our clients to develop customized solutions that empower them to make informed financial decisions and achieve sustainable growth.

Our commitment extends beyond simply processing transactions. We strive to be proactive partners, offering strategic guidance and insights that help businesses navigate the complexities of the financial landscape. Whether it's optimizing cash flow, forecasting future performance, or ensuring compliance with tax regulations, our team of experienced professionals is here to support you every step of the way.

Our Mission

At White Oak Accounting Solutions, our mission is simple: to add tangible value to your business and contribute to your long-term success. We believe that sound financial management is the cornerstone of any thriving enterprise. By providing accurate, reliable, and insightful financial information, we empower our clients to make confident decisions that drive growth, profitability, and ultimately, a secure financial future.

Services

We offer a comprehensive range of accounting and financial advisory services designed to support businesses of all sizes. Our service offerings encompass:

• Accounting Services:

We specialize in providing meticulous and comprehensive accounting services that form the bedrock of sound financial management.

• Bookkeeping: We meticulously manage your day-to-day financial transactions, ensuring accuracy and timely recording of all income and expenses.
• Bank and Account Reconciliations: We reconcile your bank statements with your internal records, identifying discrepancies and ensuring the accuracy of your financial position.
• Review and Close Books for Tax Preparation: We prepare your books for tax season, ensuring that all transactions are properly classified and accounted for to optimize your tax liabilities.
• AR/AP Management: We efficiently manage your accounts receivable and accounts payable, ensuring timely invoicing, payment collections, and vendor payments.
• 1099 Preparation and Filing: We accurately prepare and file your 1099 forms, complying with IRS regulations and avoiding potential penalties.
• New Business Setup and Advisory: We guide you through the essential steps of establishing your business, including selecting the appropriate legal structure, setting up accounting systems, and navigating regulatory requirements.
• Business Structure Review: We analyze your current business structure and recommend optimizations to ensure tax efficiency and minimize potential liabilities.

• CFO and Advisory Services:

We provide invaluable strategic financial guidance, acting as your outsourced CFO to help you navigate complex financial decisions.

• Budgets and Flux Analysis: We develop comprehensive budgets, forecasting future financial performance and identifying potential areas of growth or concern.
• Cash Flow Analysis and Restructuring: We meticulously analyze your cash flow to identify patterns, optimize your cash management strategy, and ensure financial stability.
• Short and Long Term Forecasting: We project future financial performance based on historical trends, market conditions, and your strategic goals.
• Financial Strategy: We collaborate with you to develop a comprehensive financial strategy aligned with your business objectives, outlining key financial priorities and milestones.
• Profitability Analysis by Service or Product Line: We dissect your financial performance by service or product line, identifying revenue drivers, cost structures, and areas for profitability improvement.
• Training and Management of Accounting Staff: We provide training and mentorship to your accounting team, building internal capacity and ensuring that your financial operations run smoothly.
• Monthly/Quarterly Review of Financial Statements: We conduct thorough reviews of your financial statements, providing you with customized analysis and actionable insights to inform your decision-making.

• Compliance Services:

We ensure that your business remains compliant with all applicable tax regulations and reporting requirements.

• Tax Preparation - LLCs, Partnerships, S-Corporations, and Individuals: We accurately prepare and file your federal, state, and local tax returns, maximizing your deductions and minimizing your tax liabilities.
• Tax Planning and Advisory to Determine Tax Saving Strategies: We develop customized tax plans tailored to your unique situation, identifying opportunities to reduce your tax burden legally and strategically.
• Compliance with FBAR and FATCA as well as Foreign Gifts and Inheritances: We guide you through the complex regulations surrounding foreign financial accounts and assets, ensuring compliance with reporting requirements.
• Compliance of Foreign Owned Real Estate: We provide specialized guidance on the tax implications and compliance requirements related to foreign-owned real estate.
• Advisory Services in International Taxation and Treaties: We offer expertise in international tax matters, helping you navigate the complexities of cross-border transactions and optimize your global tax position.

About The President and Founder

Suruchi Baheti, CPA, MBA, founded White Oak Accounting Solutions with a deep-seated passion for empowering business owners through the transformative power of sound financial management. Her journey began with a successful 14-year career as a business and tax specialist, where she encountered firsthand the challenges faced by business owners navigating the complexities of accounting and financial operations.

Fueled by a desire to make a tangible difference, Suruchi established White Oak Accounting Solutions with a vision to provide businesses with a trusted partner and resource for all their financial needs. As a Certified Public Accountant and Master of Business Administration graduate, with a specialization in finance, Suruchi brings a wealth of expertise and practical experience to every client engagement.

She is also a Certified QuickBooks Online ProAdvisor and an active member of various state and local organizations, constantly expanding her knowledge base and staying abreast of the latest accounting trends and regulations.

Suruchi's dedication to her clients extends beyond providing exceptional professional service. She served as a Treasurer and Accountant for various non-profit organizations, demonstrating her commitment to giving back to the community.