SmallWood & Associates

Since 1976, Smallwood and Associates, PLLC has been proudly serving clients across the country with a team of 11 Certified Public Accountants and 5 accounting professionals. Our firm is committed to meeting the tax and accounting needs of any individual or business, regardless of size, location, or complexity. We are excited to announce our second location in Plano, TX, which allows us to better serve our growing client base.

At Smallwood and Associates, PLLC, we pride ourselves on offering the same level of expertise and service as a big firm, but with a small firm personality. We believe that our clients deserve personalized attention and customized solutions, which is why we take the time to understand their unique needs and goals. Our team is dedicated to providing exceptional service and building long-lasting relationships with our clients.

Our Services

As a full-service accounting firm, Smallwood and Associates, PLLC is equipped to meet all of our clients' unique tax and accounting needs. Our services include:

• Assurance Services: We offer a range of assurance services, including audits, reviews, and compilations. Our team is committed to delivering accurate and reliable financial statements that help our clients make informed business decisions.
• Tax Services: Our tax services include individual and business tax preparation, tax planning, and IRS representation. We work closely with our clients to minimize their tax liability and ensure compliance with all applicable tax laws and regulations.
• Advisory & Consulting Services: We offer a variety of advisory and consulting services, including budgeting, forecasting, and profitability analysis. Our team of experts helps our clients make strategic decisions that drive growth and profitability.

Assurance Services

At Smallwood and Associates, PLLC, we understand that accurate financial statements are critical to the success of any business. That's why we offer a range of assurance services, including audits, reviews, and compilations. Our team of experienced professionals delivers accurate and reliable financial statements that help our clients make informed business decisions.

Our assurance services include:

• Audits: We provide financial statement audits for a wide variety of industries, including manufacturing, construction, and healthcare. Our team of experts follows the latest auditing standards to deliver accurate and reliable financial statements.
• Reviews: Our review services provide limited assurance on financial statements. We review financial statements to ensure that they are free from material misstatements and in compliance with applicable accounting standards.
• Compilations: Our compilation services provide the least level of assurance, but they are a valuable tool for small businesses that need financial statements for internal use or for obtaining financing.

Tax Services

At Smallwood and Associates, PLLC, we understand that tax planning and compliance can be complex and time-consuming. That's why we offer a range of tax services, including individual and business tax preparation, tax planning, and IRS representation. Our team of experts helps our clients navigate the complicated tax landscape and minimize their tax liability.

Our tax services include:

• Individual Tax Preparation: We provide comprehensive individual tax preparation services, including the preparation of Form 1040 and related schedules. Our team of experts helps our clients minimize their tax liability and maximize their refund.
• Business Tax Preparation: We provide comprehensive business tax preparation services, including the preparation of Form 1120, Form 1120S, and Form 1065. Our team of experts helps our clients minimize their tax liability and ensure compliance with all applicable tax laws and regulations.
• Tax Planning: Our team of experts helps our clients plan for their tax obligations throughout the year. We provide strategic tax planning advice to help our clients minimize their tax liability and maximize their after-tax income.
• IRS Representation: Our team of experts represents our clients in audits, appeals, and other disputes with the IRS. We help our clients navigate the complicated tax landscape and resolve disputes in a timely and efficient manner.

Advisory & Consulting Services

At Smallwood and Associates, PLLC, we understand that strategic planning is critical to the success of any business. That's why we offer a variety of advisory and consulting services, including budgeting, forecasting, and profitability analysis. Our team of experts helps our clients make strategic decisions that drive growth and profitability.

Our advisory and consulting services include:

• Budgeting: We help our clients develop realistic budgets that align with their business goals and objectives. Our team of experts provides comprehensive budgeting services that help our clients manage their cash flow and ensure profitability.
• Forecasting: We provide comprehensive forecasting services that help our clients anticipate future financial needs and make informed business decisions. Our team of experts uses the latest forecasting tools and techniques to help our clients predict future trends and make strategic decisions.
• Profitability Analysis: Our team of experts helps our clients identify areas of opportunity and make strategic decisions that drive profitability. We provide comprehensive profitability analysis services that help our clients understand their revenue streams and make informed business decisions.