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Services

 

McDavid & Company, CPA's provides a wide range of services to individuals and businesses in a variety of industries. At McDavid & Company, CPA's, 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:


Tax Services

Tax Preparation

We assist hundreds of individuals and businesses each year in the filing of their federal and state tax returns. We prepare returns for individuals, partnerships, corporations, limited liability companies, estates, trusts, not for profit organizations and retirement plans. Our extensive library and web based research services ensure that we research and apply all allowable deductions, exemptions and credits. We also E-file your returns, unless you request them to be paper filed.

Tax Consulting

We are available year-round to consult with you on issues that may result in significant tax consequences. We stress tax planning in order to develop strategies for minimizing your tax liability.

Representation

We will be your advocate and will represent you before the Internal Revenue Service or other tax authorities. We can assist you with delinquent tax returns, garnishments, levies, seizures, penalty removal and offers in compromise.

Financial Statements

We will work with you to determine the appropriate level of service you require. Whether it is a review or a compilation of your financial statements, you can be assured that our experienced staff is always up-to-date on the most recent accounting pronouncements.

We strive to present accurate financial statements in a timely and professional manner. Helping you to use the statements in managing your business and increasing your profitability is an important aspect of our service to you.

Bookkeeping

Our bookkeeping services include reconciliation of bank accounts, recording of receipts and disbursements, the preparation of a general ledger, trial balance, payroll tax reports, and preparation of compiled financial statements. All quarterly and annual payroll tax returns can be prepared by us as well as W2's and 1099 forms.

Our bookkeeping services can be customized to meet your specific needs and, in many instances, are less costly than employing your own staff.

Financial Planning Services

Retirement

We will help you explore options and develop an effective strategy to minimize taxes and conserve capital in order to reach your investment goals for college, retirement, etc. We currently have a network of financial planners and brokers that we work with to help you achieve your investment objectives. As you consider new investment opportunities, we act as your sounding board and advisor.

College

College tuition is probably the largest single expenditure you will make for your child. Although everyone's financial situation is different, we can assist you in establishing a savings plan to assure that your child's future dreams and desires may be fulfilled. As college enrollment nears, we can assist you in completing financial aid forms and applying for education loans.

Estate

We will assist you in developing a plan that minimizes estate taxes and maximizes your family's financial security. We work with you one-on-one to help you pass on your accumulation of wealth to your family members. We review your assets and assist you in developing a plan of family gifting, setting up revocable and irrevocable trusts and helping you with business succession planning.

Portfolio Management Services

William McDavid & Co., P.A. - D/B/A McDavid & Company Wealth Management Services, is a Registered Investment Advisor with the State of Florida Department of Financial Services. Our advisory firm was founded in 2004. We manage portfolios for individuals, families, IRA's/retirement plans, trusts and corporations.

When it comes time to invest your hard earned dollars and you find it difficult to make investment decisions necessary to increase your wealth, our firm can help you reach your financial goals.

  • We offer portfolios to match each client's investment objectives.
  • We are only compensated with a fee based on the value of the assets under management.
  • We sell no brokerage or investment products and accept no commissions - this eliminates advice tainted by a conflict of interest.
  • We promote a disciplined investment style that avoids the instability of a market-timing strategy.
  • As a CPA and Registered Investment Advisory firm, we adhere to a code of professional conduct and ethics and we have a fiduciary duty to our clients.

Business Sales and Acquisitions

We can help you find a buyer and negotiate the sale of your business through an affilitated business brokerage network. If you need to purchase a business to provide income for your family, or make acquisitions for growth, we are uniquely qualified to assist you.

Collaborative Divorce

Bill McDavid has been a team member of the Collaborative Divorce Professionals of Gainsville since its inception in 2006.

Collaborative divorce is often called "no-court divorce" because it is a new way to divorce without the traditional divorce litigations. In collaborative divorce, couples treat each other with dignity and respect. They work together to dissolve the marriage in a respectful, considerate way that helps insure that agreements endure and protect the well-being of children.

Each spouse has an attorney and a team of trained collaborative professionals, including a financial professinal, a divorce coach or mental health professional and a child advocate. Instead of going in front of a judge and a courtroom, both spouses and their attorney sit down together to work out the details of the dissolution of their marriage, with the help of their team.