GWS Financial Services offers the following types of services for individuals and organizations.

Federal and State Income Tax Return Preparation

Let us help file your individual or business federal and state tax returns taking advantage of all available deductions that you are entitled to.

If you didn’t use us to prepare your return(s), you may not have received the maximum refund you are entitled to. Please bring in your previous three years of returns for review by us to ensure their accuracy and to check to see if you claimed all eligible credits and deductions.

With this review you will receive the following:

  • An affordable, professional review of your tax return
  • Advice on what to do next if any errors are found
  • GWS Financial Services will guarantee coverage for penalties and interest repayment and audit assistance if your return is correct or GWS Financial Services files a corrected return for you

If GWS Financial Services makes an error in the preparation of your tax return or calculation of taxes owed, it will pay penalties and interest caused by such error. GWS Financial Services will explain your audit notice and advise you as to documentation you should provide to the auditing authority.

Tax Planning

GWS Financial Services offers integrated tax consulting and strategic advice to help you enjoy more of your assets while minimizing taxes. We can help you avoid missteps and proactively reduce your tax liability.

The tax specialists at GWS Financial Services go beyond income tax planning to coordinate issues involving gifts, estates and trusts.

Private tax services include–

  • Federal and multi-state compliance
  • Business succession planning
  • Corporate executive wealth and tax planning
  • Entrepreneurial business owner wealth and tax planning
  • Family and individual wealth and tax planning

Accounting Services

We become the virtual accounting department for your business. We will develop policies and procedures to streamline your accounting process. This will increase the overall efficiency of your business operations.

We start with a detailed analysis of your business, financial, accounting and tax needs. We then tailor a system to allow us to provide you with a high level of timely accounting information while simplifying the amount of bookkeeping work you do. Each month you will receive the following information to help you keep ahead of the competition:

  • Easy to understand financial statements
  • Our unique, color performance graphs
  • Bank reconciliation
  • Sales & payroll taxes
  • Business planning and consultation
  • On-going tax planning

In addition, you will receive year-end tax preparation, including payroll reports such as W-2’s and 1099’s, business plans, bank loan applications, business valuations, as well as financial, retirement and insurance planning. We would also represent you in any type of audit at no additional cost for any work we have performed.

Financial Reporting

GWS Financial Services provide the following reporting services.

AP Reports: Provides payable reporting services like vendor invoices input to payable system, invoices classification to proper G/L account, report aged payables and cash requirements to the organization, etc.

Accounts Receivables Reports: Provides AR follow up services and regular reporting for the health of your account receivables including reports like are Aged Receivables, Customer reports, Invoice/Sales reports, etc.

Bank Reconciliation: Enables you to monitor and control your bank accounts on a daily basis. Materials like cancelled checks and bank statements can be sent directly to us so we can immediately reconcile the account and alert you regarding any matters that require your attention.

General Ledger Reports: We provide and support the entire finance back office function of your company’s General Ledger Maintenance. These include month-end and year-end general ledger reports, Income Statement, Balance Sheet, Trial Balance, etc.

Inventory Reports: We provide inventory reporting and help you with reports like stock status reports, item master lists and item costing reports. We also assist you to process receipts, withdrawals; reorder levels, average monthly usage, inactivity, current value, etc.

Payroll and Check Registers: Complete records of all your company checks written during the month to show you exactly where your money is going.

Financial Statements: We can prepare a complete set of financial reports for you, including (but not limited to) Balance Sheets, Income Statement and Statement of Cash Flows.

Customized Reports: Feel free to ask for additional customized reports that will further help you manage your operations for greater efficiency and profit. These might include reports such as budget preparation and compliance issues.

Financial Planning

We define true financial planning as a comprehensive, ongoing approach to managing all areas of your financial life that takes into consideration your income, expenses, investments and debt; your short-term and long-term goals such as paying for college or retiring comfortably; your taxes and financial risks such as disability and death; and, finally, leaving a legacy.

For companies and organizations looking to provide employees, customers or members access to value-added financial planning services and opportunities, the GWS Financial Services team can help.

We can…

Provide financial planning services for your employees. Empowering your employees to take control of their financial lives can help you get more out of your employee benefits investment.

Create a national strategic alliance with your organization to maximize enterprise and shareholder value, our advisory services aim to provide advice and competition-sensitive strategies on the best form of ownership, equity and funding structures.

Financial Analysis

GWS Financial Services provide a host services in the area of financial analysis.

These services include the following:

  • Financial Planning
  • Financial Analysis
  • Financial Statement Analysis
  • Financial Accounting Services
  • Balance Sheet Reconciliations
  • Financial Ratios Analysis
  • Small Business Financial Reports Preparation
  • Preparation of Financial Statement
  • Budgeting Solutions
  • Cash Flow Management
  • Preparation of Income Tax Balance Sheet
  • Preparation of Management Information Reports
  • Preparing Monthly, Quarterly and Annual Management Reports
  • Generating Customized Reports as Per Requirements analysis and research
  • Directors and audit committee presentations on financial results

CFO Consulting

The Office of the CFO would include managing the following functions or assisting an existing CFO in the fulfillment of these responsibilities:

  • Managing the Controllership Function
  • Managing the Treasury Function
  • Managing the Capital Structure
  • Managing Strategic Transactions
  • Managing Valuation And Strategy
  • Managing Financial Planning And Analysis
  • Managing Oversight Of IT
  • Managing Risk
  • Managing Other Corporate Activities
  • Managing Turnaround

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Call today to schedule an appointment!