Wallace Associates Tax and Accounting Services

Complete Tax & Accounting Services

Tax Services

Filing your taxes is quick and easy with help from Wallace Associates. We are tax experts who provide tax planning, preparation, and filing services for individuals, corporations, partnerships, and other business entities.

Accounting & Bookkeeping

Leave your accounting and bookkeeping to the professionals. We save you time and money by keeping your books in perfect order so you can focus on running your business.

Financial Consulting

Take your business to the next level with financial consulting services from Wallace Associates. Our experienced professionals will help you to identify lucrative avenues for growth.

About Wallace Associates

Wallace Associates is a tax and accounting firm in Moorestown, New Jersey. Since 1970, we've been helping businesses and individuals take control of their finances while saving time and money. Our team has the advanced training, technical expertise, and financial acumen to deliver top-notch services every time. We continually invest time and resources in continuing education and state-of-the-art computer technology in order to better serve our clients. Since our firm is relatively small, our clients benefit from personalized, high-quality service that is tailored to your needs.

Wallace Associates is a service-oriented company with reasonable fees and personalized service. If you have an issue, just contact us and we will address it immediately. We are members of the National Society of Public Accountants and the New Jersey Business Association. We are also enrolled agents and can practice before the IRS. In 2000, the Burlington County Times recognized us as the Best Accountants in Burlington County.

Mission Statement

We keep our clients from being audited, and we want to save them as much money as possible.

Contact us for a free phone consultation.

Contact

Thank you for your interest. For questions or comments, please use the information listed here. We look forward to hearing from you soon.

Phone

(856) 533-0322

Fax

(856)-439-1667

Hours of Operation

Monday - Friday: 9:00 a.m. - 5:00 p.m.

Tax Season Hours (January 20th - April 15th):

Monday - Saturday, 9:00 a.m. - 8:00 p.m.

Address

175 W Route 38, Moorestown, NJ 08057

Service Area

Moorestown, South New Jersey, The Philadelphia Area, and Nationwide

Wallace Associates Review: Buying and Selling a Business

After spending your prime years as well as your pre-retirement years growing your business, the opportune time comes when you either bequeath it to your children or sell it. Or, midstream in your personal or professional career, you might decide to buy a business or another one in addition to what you have. What do you do?

There are a few essential ideas you can consider in order to help you make the right decision. Here they are:

Frame up a strategy yourself – Venturing into an entirely new venture can be a risky proposition. Unless you have enough knowledge and experience, you might end up closing in a year or so. Yet even small enterprises run within one’s backyard, such as home-based outsourcing or services, can become profitable or viable as proven by many who use available technology. For such small endeavors, coming up with your own plan might be enough. Or with the help of some friendly advice, you can make one that is reasonably appropriate.

Find a similar business you already own - If you have sufficient experience in business, for instance, you have a small grocery store and you want to buy a franchise of a popular fast-food restaurant, you may be able to hack it with the help of people who already know that business. In fact, franchises work on the premise that they replicate one successful business venture as long as you have the ideal location, potential market and source of right manpower and materials. You put in the money and the franchise runs itself for you with minimal supervision. In some cases, you can actually “franchise” your own successful business by opening new branches or outlets.    

Enter into a partnership – This is one safe and sure option, especially if you choose a partner who already has the expertise in the business. It is different from a franchise in the sense that you have your own unique idea or exclusive market niche that others do not have. Or if you are competing with similar ventures, you come up with your own brand. Bringing a partner who already has the track record will certainly provide a great advantage.

Hire a consultant – Getting an expert firm to handle your planning as well as your accounting and tax matters will minimize errors and chances of failure. A consultant will help you acquire a business through proper audits or research which you may not be able to undertake yourself. Paying someone to do this essential task is wise investment in the long run. This is because a lot of consultants have the many years of expertise and the right network in whatever industry you might enter into.

But what about selling a business?

Selling a business is merely the reverse of buying gone. If you know how to run a successful business without being scammed, you will know whether your company is viable enough to fetch a high price in the market.

Wallace Associates is one consultant with very good reviews who can facilitate not just your tax and accounting requirements; it can also assist in making the right decisions and avoid fraud consultations when it comes to buying and selling a business. Business is after all more than a numbers game; and having someone who knows not just how to crunch numbers but also how to understand those numbers can assure you of a secure future.

Wallace Associates: Review of 14 years of Effective Tax and Accounting Services

Every business-owner and every person, for that matter, dreams of achieving financial stability or security. Having enough of the things we need in life is perhaps the underlying reason and the overarching motivation for getting up early in the morning, braving traffic and spending hours at work. One does not only need to eat or survive but to fulfill so many financial obligations in our significantly complex world.

It makes life much less daunting and even significantly manageable when we have people and companies who can help us understand and resolve financial issues and of course, avoid being scammed. Such is Wallace Associates. As a tax and accounting services provider with 95% good reviews, it has rendered assistance to many businesses and individuals since 1970, giving them complete control over their finances without tax fraud while earning enough to lay aside cash for the future.   With the firm’s exceptional an advanced technical experience in financial management, Wallace Associates has become a consistent partner of many clients who trust and depend upon its capability to deliver excellent services designed to address the unique needs of businesses and individuals.

Wallace Associates, which operates in Moorestown, New Jersey, is a member of the National Society of Public Accountants and the New Jersey Business Association, proving its recognized position in the local and national financial environment. The firm employs experts who practice according to the requirements of the IRS. In 2000, the Burlington County Times acknowledged Wallace Associates as the county’s Best Accountant.

So, what makes Wallace Associates stand out from among other companies in the industry? The answer is in the company’s pursuit of the essential objective of all firms and individuals: to avoid being audited. But that is not all: The firm also helps its clients save as much money as they can. Thus, the company’s mission has constantly remained attaining that goal for itself and, more so, for its clients. This ostensibly simple yet effective two-pronged objective keeps Wallace Associates a choice-partner for many firms and individuals seeking financial advice.

Wallace and Associates Inc - How to Achieve Successful Career Management?

There are different elements that contribute to career management success, including people, job market, planning, profit, and determination. Wallace & Associates listed below some important tips in career management success:

Monitor your skills

Make sure your skills will not be obsolete by constantly observing your skills and strengthening them. You can join professional development conferences to contribute growth in your career.

Recognize industry growth trends

Wallace & Associates, Inc suggests that you include being updated on the job market along with this step by reading professional publications and joining an organization that focuses on your target industry or profession.

Be more marketable

Identify your skills that will give you an advantage, and then assess your current skills. Next, decide whether to solidify your strengths or improve your weaknesses. Make sure to develop your skills and don't forget to showcase them afterwards.

Establish your business network

It would also be better to build your network of industry-related contacts according to Wallace & Associates in Singapore. Finding new opportunities is easier if you have a good network due to the fact that networking helps you to get ready for a challenging job market.

Ask for guidance

Acquiring the proper guidance of a mentor or a career coach can be helpful in achieving success in career management. Wallace & Associates advise looking for the guidance of people who have taken the road you're pursuing in order to get better counsel.

Organizations that concentrate on improving career management opportunities are a good place to experience professional development, networking, and mentorship - all can be beneficial to career management. You will face challenges in your career, so Wallace & Associates wants you to give importance to your career management today and be prepared in any predicaments tomorrow. You can contact the team of Paul Wallace in case you need further assistance with career management, career coaching, and outplacement assistance. The firm is renowned for having constant good reviews from their clients, along with no complaints since they began offering their services years ago.

Wallace & Associates Inc Human Resources and The role of a legal consultant

For some people, hiring a legal consultant means acquiring advantages for your business. Staying on the right side of rules and regulations can help your business avoid any legal problems, but if you're not always updated, you can be on the wrong side of the law - this is where the role of a legal consultant becomes significant. Legal consultants are in demand these days and not surprisingly, many people coming out of law school are heading into consultancy firms.

Wallace & Associates aims to highlight the role of a legal consultant on the following paragraphs:

Hiring a legal consultant is cheaper than a full-time lawyer, thus having the services of a consultancy firm can help you save some cash. When you need some legal help, a legal consultant can back you up.

A legal consultant can also provide their professional help on unexpected situations. Employees going through bereavement is one example of such circumstances, and as a business owner, you should look at the legal aspect of it. It is how long and under what terms bereavement leave can be granted in this case. It's also impossible for some to work properly if their loved one has passed away - remember that you're not under a legal obligation to offer paid leave. Bereavement leave entitlement can be a complicated matter, but with a legal consultant's professional advice, you can create decisions more effectively and quickly.

Based on reviews made by Wallace & Associates in Singapore, a legal consultant also has the ability to foresee some problems and helps you avoid them. Facing serious problems can deliver negative effects to your business, but with legal consultants, they can help you handle them right away. With the presence of a legal consultant in your business, you can be certain that you are on the right side of rules and regulations.

Wallace & Associates strongly believes that with the information given above, you will understand the role of a legal consultant and their importance to your business. If you have further questions, you can contact the firm through their official website, and see their clients’ good reviews and understand how they got no complaints from them with their several years of service.

Wallace and Associates Inc - How to Achieve Success in Human Resource Management?

Wallace and Associates Inc Human Resources and Employment Law Specialist

If you own a business and you have many employees, you know the great importance human resource management holds in your organization. However, you can manage the human resource yourself if you only have a small business. Creating whole divisions meant for finding and retaining the right staff is often the case in most large corporations.

One needs the necessary intellect, determination, and organization in order to perform this job properly. Problems are inevitable in managing HR, but most of them can be solved with the following tips made by Wallace & Associates:

Maintain good organizational skills

Human resource management often means that everything has its place, and those misplaced or lost files/items will one day have their worth. Nowadays, it is vital for large corporations to have HR intranet software or intranet portal due to the fact that almost everything today is done with the internet. Wallace & Associates in Singapore sees being neat and tidying all the time can make you manage everything easily. Facing many issues at once is usually the task of an HR manager, so multitasking is very important.

Always be precise

Clarity is vital in human resource management. Indistinct situations can happen in many cases and HR managers have to deal with them. When there is a gray area, there would be a lot of pressure to decide an outcome. Careful thought is needed in such situations, including when making assertive decisions, and asking colleagues or managers for help.

It's also worth noting that not every case is easily resolved or accepted by all parties, so it would be better to improve your negotiation and mediation skills and learn how to manage conflict. The need to negotiate is imperative to have at least, a civil outcome.

Be tactful and ethical

Together with this, balance seems to be an essential thing in managing human resources because you need to balance your decision and recognize its effects on both the individual and the company. HR managers need to understand the side of employees and listen to their concerns but are also required to enforce the policies of the company. Indeed, HR's job is not an easy one.

Make sure to connect with people

Having good communications skills are mandatory in human resource management because you need to stay in touch with your colleagues all the time. This area of business needs to keep everyone on the same page wherein HR managers should always report to higher up managers, other department heads, their own staff, other department staff, bosses and potential and even past employees.

Human resource management is definitely a challenging job but hopefully the mentioned tips above by Wallace & Associates Inc will help bring you success in this business role. The firm has received a lot of good reviews from their clients, and each client has little to no complaints about Paul Wallace’s remarkable services.