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Wheeler & Associates, CPA, PA provides a wide range of services to individuals and businesses in a variety of industries. At Wheeler & Associates, CPA, PA, we strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment.

Our professional services include:

Accounting Services

From start-ups to established enterprises, businesses rely on accurate and insightful financial information in order to maintain profitability and capitalize on new opportunities. Wheeler & Associates, CPA, PA's accounting services steer you closer to these goals with accurate record-keeping and reporting as well as support on financial issues such as initial accounting system setup, cost-containment, tax planning, investments, and employee benefit and profit-sharing plans.

These services include but are not limited to:

  • General ledger and financial statement preparation
  • Bookkeeping (Monthly, quarterly, or annual)
  • Accounting system setup and support
  • QuickBooks training and support
  • Payroll processing
  • Cash flow budgeting and forecasting
  • Personal financial statements
  • Employee benefit and profit-sharing plans
  • Corporate tax planning and return preparation
  • Litigation support

Analysis and Due Diligence Procedures relating to Proposed Business Purchases

If you are investigating the purchase of an existing business being offered for sale, you will want to engage qualified legal counsel and review/analyze various financial records reporting its past performances.

Sometimes referred to as the "due diligence process", the purpose of the review and analysis process is to resolve if the asking price of the business being offered for sale is reasonable, confirm claims being made by the seller and search for undisclosed complications that could affect the proposed purchase and assumption of unwanted liabilities.

Assurance and Advisory Services

At Wheeler & Associates, CPA, PA, we focus on building close client relationships that add long-term value. This includes assuring the solidity of financial records, evaluating financial procedures and working to produce strategies that help our clients face the myriad challenges of business planning and execution. Our clients benefit from objective analysis to assist in controlling costs, increasing efficiency, and implementing new technologies and procedures that take advantage of changes in the marketplace, accounting standards, and tax law. Our assurance services will improve information quality or its context, meaning more success for your business.

These services include but are not limited to:

  • Audits, reviews, compilations and preparation engagements (see below)
  • Entity selection and restructuring
  • Accounting software selection, implementation, and support
  • Business valuations
  • Financial projections and forecasts
  • Business succession planning

Audits, Reviews, Compilation and Preparation Engagements

Wheeler & Associates, CPA, PA's financial statement services comprise all four levels of financial statement reporting depending on your company's needs.


Audit engagements offer the highest level of assurance and include in-depth examination and confirmation of account balances, inventories, and selected transactions. In addition to preparing or assisting you in preparing your financial statements, we also report on your system of internal controls. Audit engagements are traditionally performed as a requirement of third parties (financial institutions, insurance bonding companies, etc.), but can also be performed for other specific needs of the company and/or the owners.


Review engagements provide limited assurance to outside interests and involve inquiries and analytical procedures that confirm financial statement matters and can identify items requiring further analysis. As implied, a review engagement does not include an opinion regarding the fairness of the information being presented in the related financial statements, which is the objective of an audit engagement.


Compilation engagements are usually requested for internal purposes but can result in financial statements being presented to third parties. The information being reported in compiled financial statements is provided by the company's management with only a few procedures performed. Compilation engagements do not offer assurance and frequently involve adjustments to the company's accounting records.


Preparation engagements are intended for internal purposes but can be performed to meet the needs of third parties. The information within the financial statements is based upon information produced by the company's management - most commonly utilizing the company's own computerized accounting software. No assurance is intended, and assistance is often provided to improve the quality of the financial information produced.


Accurate record-keeping is essential to a successful business yet can also be complicated and time consuming. Wheeler & Associates, CPA, PA can help you with the organization and day-to-day tasks of bookkeeping so that you can focus on your core business.

Break-Even Analysis

Many small businesses do not prepare annual budgets with the intent to monitor/compare actual business income and expenses with anticipated business income and expenses. Without performing financial monitoring, the future profitability of a business cannot be controlled and no timely actions can be taken to correct unwanted results.

While not intended as a substitute to the budgeting process, information from a break-even analysis places business owners and managers in a position to evaluate the reasonableness of obtaining either higher levels of income or lower levels of expenses necessary to produce greater profits.

Business Loan Applications

At various times in the life of a business, funds need to be borrowed from financial institutions to meet working capital needs or other long-term financing needs.

The loan application process required by financial institutions can be complicated and frequently requires a submission of supporting information often difficult to present in the format being requested by the financial institution. Wheeler & Associates, CPA, PA is familiar with the financial information requests of financial institutions and can assist you to meet their needs.

Business Valuation

The range of needs for valuing businesses continues to widen, and Wheeler & Associates, CPA, PA can provide in-depth analysis to help you identify and analyze the factors that drive the value of your company or one in which you have (or plan to have) an ownership interest. Uses for this service include estate planning and compliance, buying and selling businesses, divorce matters, financing and other business considerations.

Cash Flow and Budgeting Analysis

Good cash management can improve a company's liquidity, reduce costs, and increase profitability. Wheeler & Associates, CPA, PA can help you maintain optimal cash flow levels by tracking sources and uses, forecasting, and budgeting accordingly. We can help you analyze your spending, re-balance your budget and/or debts for an optimal cash flow to support your business' success. This balance plan would be revisited if and when there were any major changes in your business structure to ensure that you are operating at an optimal level.

Employee Benefits, Pension, and Profit-Sharing Plans

Choosing and administering benefit plans for your employees is often a complex process. Wheeler & Associates, CPA, PA can help you develop, implement, and administer your benefit, retirement, and profit-sharing plans with an eye toward rewarding your employees and reaching your company's financial and business goals. We can also help maximize tax advantages in implementing these plans. As your business grows, your business and your employees will be rewarded for the hard work that contributed to the success of your business.

Entity Selection and Restructuring

Your business entity can have a large impact on your income tax liabilities. From your company's inception through its growth and development, Wheeler & Associates, CPA, PA can advise you on choosing an entity type and later restructuring if advantageous, for income tax reasons or other concerns.

Estate and Trust Planning

Effective estate and trust planning can ensure financial security for surviving family members. For businesses, it can help maintain a smooth succession of ownership. Wheeler & Associates, CPA, PA's role is to help you navigate the complex and shifting tax laws to facilitate the transfer of assets and minimize the estate tax liability by working with you and through strategic alliances to implement your intent.

Financial Projections and Forecasts

No one can predict the future perfectly, but we can all benefit from planning for it. Wheeler & Associates, CPA, PA combines expertise and experience with a gained understanding of your business to produce financial projections that can help you manage your business plan and spending. Forecasting for the future is imperative to your company's success and considers the financial consequences of a wide range of variables.

Internal Controls (Safeguarding assets)

Internal controls are often defined as all systems, policies and procedures created by a business and intended to protect its assets. When a business fails to protect its assets against errors, omissions and employee dishonesty; the consequences can be severe.

Even after internal controls have been installed, they must be monitored to ensure their continued effectiveness as conditions evolve and change over time. Wheeler & Associates, CPA. PA can assist you in establishing a secure system of internal controls and monitoring it for effectiveness.

IRS or State Audit Representation

Professional representation can be vital during an audit, and our experience with tax authorities enables us to guide clients in their dealings with federal and state agencies. Although we hope our proactive approach to income tax planning/preparation will prepare you for any audits, our many years of prior audit experiences will provide representation intended to minimize the consequences of an audit for those who are not prepared.

Lease vs Purchase Decisions

There can be significant ownership rights and monetary differences between choosing to either lease or purchase an asset. We will assist you in analyzing your needs and determining which arrangement is best for you.

Litigation Support and Forensic Accounting

Wheeler & Associates, CPA, PA's litigation support and forensic accounting services can be employed in a wide range of situations, including commercial litigation, financial investigations, business valuations, business and marital dissolutions, and bankruptcies. These services can involve quantification of economic loss or damages, analysis of financial records, fraud and theft investigations.

New Business Start-up Procedures

Even after you have selected the income tax and legal entity form that is best for you and your business, there are other important decisions/actions to be considered at the inception of your business. These decisions/actions include business registration with various governmental agencies (local, state and federal), set up and selection of accounting systems/software, income tax method to amortize/depreciate assets (including start-up costs). etc. Our many years of experience allows us to advise you in these matters.

Payroll Services

Wheeler & Associates, CPA, PA's payroll services can help you reduce the time spent on administration through developing and implementing a computerized payroll system that will facilitate processing, timely payment and preparation of tax returns. In addition to offering you our payroll services, we will assist you in evaluating out-sourcing your payroll responsibilities in a manner intended to minimize costs.

QuickBooks Training and Support

QuickBooks can provide useful and timely information in the form of financial statements, reports and graphs. However, it can only provide this information if you purchase the right product and then install, setup and use it properly. To assist you in these matters, we have two Certified QuickBooks ProAdvisors on staff.

Wheeler & Associates, CPA, PA offers the following solutions to help meet your QuickBooks needs:

Personal Training

We train you personally! Either one-on-one or several individuals within your organization at your company's location.


We install QuickBooks on your stand alone computer or in a network environment, in either single- or multi-user mode.


We assist new QuickBooks users with initial setup including: EasyStep Interview, Preferences, Lists, Customers, Vendors, Employees, Banking and Reports. We also help experienced users manage their businesses more effectively by improving their current setup. Many users experience problems and lack the ability to generate and track important information as a result of inadequate setup.


Our QuickBooks support service can assist you with any installation, setup or operational assistance you might need. In addition, our support is not limited just to the software part of it, but we can also provide accounting and payroll assistance.


Our QuickBooks review service helps companies that have the human resources to perform daily accounting and payroll tasks, but need an accounting and payroll expert to review your transactions, accounts and reports. This review ensures that you receive timely, relevant and reliable financial information. We also inform you of any corrections, adjustments or reclassifications necessary to ensure that the financial information you receive reflects the correct financial condition of your business. Reviews may be conducted at any time, but monthly reviews provide you with up-to-date information and feedback about your business.

Retirement Planning

Wheeler & Associates, CPA, PA's goal is to help you reach your financial goals and maintain financial independence through a comfortable retirement. We can guide you through decision-making processes such as retirement plans, insurance strategies, college education funding, tax planning and business succession planning.

Tax Management and Preparation Services

At Wheeler & Associates, CPA, PA, we guide our clients through a full range of income tax planning and preparation decisions with strategies intended to minimize your income tax liabilities, maximize your cash flow and keep you informed in order to avoid unwelcomed surprises. .

Information Request for Services Listed Above

Questions? We can help. 904-363-1099