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TAX
Wealth Management Associates prepares and files all tax returns on behalf of its clients. We prepare business, personal, payroll and sales taxes for our clients and their enterprises. Our guiding principles are:
Minimize taxes: Our clients have high incomes and in the current political climate, we foresee increased taxes for such individuals. We are very aggressive in our approach to taxation, we keep scrupulous records, and take advantage of every legal tax strategy to minimize our clients’ tax burden.
Customize Strategy: We work closely with our clients in planning a tax strategy that is tailored to their individual circumstances.
Keep current: We work to assure timely tax filings and payments when due to avoid needless penalties and interest.
ACCOUNTINGWe create complete, accurate, and “real-time” books and records for our clients and their entities. Our reports are geared to provide clients with meaningful insight into their own business with useful information that allows our clients to make business decisions that increase their profitability
BUSINESS MANAGEMENT
Wealth Management Associates provides comprehensive business management services to its clientele.
Cash Management: We manage all day-to-day cash activities including bill paying, maintaining bank accounts, and managing assets.
Risk Management: We make certain our clients are properly insured and protected against liability risks. We secure the right kinds and amounts of life, health, professional liability, auto and home owners’ insurance when and where appropriate.
Financial Planning: We work closely with our clients to develop realistic budgets for personal and business spending.
Business Opportunity Analysis: High income clients have an abundance of business opportunities that are presented to them. We are able to analyze, evaluate, and report on the benefits and risks of these opportunities. We have expertise in real estate, retail, food-service, apparel, endorsements, and entertainment that is of benefit to our clients’ business pursuits. Wealth Management Associates also offers experienced advice in day-to-day pursuits such as real estate acquisitions, obtaining mortgages, credit evaluations, and auto-leases/purchases.
Investment/Asset Growth: Wealth Management Associates is not a securities advisor or broker. We do not charge or collect a fee for assisting with management of client assets. We supervise asset deployment by working with outside professionals who are experts in these matters, and we coordinate their work to avoid overlap. Our chief interest is in growing our clients’ wealth through sound and secure investments.
Revenue Stream Analysis: Our company is distinguished by its understanding and expertise in the multiple revenue streams arising in the entertainment and sports industries. We work hand-in-hand with attorneys, agents, and managers in providing financial analysis and monitoring of streams such as royalties, residuals, and contractual payments to assure accuracy and collection of all revenues due our clients. |
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