Westfall Financial

At Westfall Financial LLC, we specialize in providing professional accounting and financial reporting services to small and mid-size businesses, government contractors, and not-for-profits. Using our expertise and all of the financial tools at our disposal, we work strategically to help our clients grow their businesses, minimize tax liabilities and increase profits. In addition, we provide a broad range of accounting and financial services to individuals and businesses.

We believe in providing financial solutions that are both relevant and timely. In addition to traditional accounting, auditing, and tax compliance, we have developed a comprehensive menu of services designed to fully meet your needs. Many of these services were developed at the request of our clients who recognize the value of working with professionals who have a deep understanding of their businesses and goals — and the forward thinking insight necessary to recognize how financial decisions made today can impact other areas of your life tomorrow. Our comprehensive array of services and experienced insight allow you to stride confidently into your future… armed with the information necessary to make sound business decisions.

Those services include:

Financial Statement Review and Reporting
Business Consulting
Business and Individual Income Tax
Local and Federal Government Contracting
Small Business Startup and Bookkeeping

We will compile and/or review your financial on a monthly, quarterly, or annual basis. Whether it’s for loan qualification, construction licensing, or business acquisitions, we will help you prepare accurate statements as well as other reports to better manage your business and increase profitability.

We can assist you in the preparation of your financial statements in accordance with professional standards, but express no opinion or any other form of assurance on the underlying information included in them. The financial statements produced can be a useful management tool for making sound financial decisions.

Westfall Financial is a full service management and business consulting firm specializing in assisting small to medium size businesses. Whether you need to design a business and marketing plan, assistance in strategic planning, prepare an accounting budget, projections, or cash flow analysis, we can help your company in the present and the future.

We pride ourselves in providing comprehensive, value-added strategies that work for you, both personally and professionally. We have the professionals and the expertise to assist companies with a wide range of business consulting services. Whether you are seeking improved profitability, a more productive and efficient process, business growth, better quality, improved customer service or specific training needs, Westfall Financial can do the job. We work with our clients to achieve business success. We will custom design and implement solutions for clients representing a variety of industries. This includes businesses in need of a positive turnaround, start-up businesses and businesses with a passion to achieve business success.

Whether you are looking for convenience in preparing a basic tax return or advice on sophisticated tax planning, we can prepare your federal and state tax returns accurately and provide timely suggestions on minimizing your taxes. We prefer to take a proactive vs. reactive approach to tax services by keeping current on new tax laws and legislation. We are positioned to identify essential tax planning opportunities that minimize both your current and future tax liabilities.

As part of our tax planning process, our professionals help business owners and individuals by providing the necessary information for a thorough understanding of the tax implications of various financial decisions they are making. With this thorough understanding, you are able to protect your wealth and assets by avoiding tax pitfalls created by the tax laws. We help you plan ahead, modify, and execute a carefully designed tax plan. We work collaboratively with businesses and individuals to identify and implement creative ideas that achieve significant and immediate tax savings and seize new opportunities. Our goal is to help you manage tax obligation and reporting in an efficient and painless manner. We provide comprehensive services that include collection of data, preparation of returns, and submissions to the proper authorities.

Successful government contract performance begins prior to government contract award. The proposal phase of procurement is critical not only for competitive reasons, but also for establishing the scope of future government contract obligations. We advise small and small disadvantaged business concerns that perform or seek to perform under special government contract programs, including the 8(a) Business Development Program, HUBZone Empowerment Contracting Program, Women-Owned Small Businesses, Veteran-Owned Small Businesses, Service-Disabled Veteran-Owned Small Businesses, and Native American Businesses. We advise clients on size issues, set-aside opportunities, program eligibility, subcontracting plans, and negotiation. We counsel small business concerns so they can accomplish their business goals, while remaining eligible for the various government contract programs. In addition, we regularly advise large businesses and prime contractors with respect to small business issues, including subcontracting plans, subcontracts and teaming agreements.

We provide accounting and consulting services for government agencies and firms specializing in government contracts. We will assist with the preparation of bid proposals that will minimize the risk of DCAA audit and procurement problems. Our mission is to provide timely and accurate financial information to our clients. We will also assist in addressing Government contracts administration issues occurring during contract performance.

If you are interested in or planning on starting your own business, we are here to assist you. We can provide assistance with the setup and design of new businesses. We can assist with entity selection and obtaining the necessary identification numbers and registrations. Can't decide between a LLC or Sole Proprietorship, we can help you evaluate the alternatives and choose a course of action that is appropriate to your business model. Each engagement is designed to fit the individual needs of our clients.

Providing financial information to our clients in a timely and accurate manner is a commitment that we feel cannot be compromised. Meaningful, well-organized financial records ensure that your business operations will run more efficiently … no matter what your industry… no matter what your size.

Most likely, you'd rather spend your time running your company or selling your products or services. However, if you are going to run a successful business, accurate and timely financial information is a must. It's hard to know how your business is doing without clear, easy-to-read and understand data.

Are you making money?
Is your business growing?
Are your costs increasing faster than your sales?
Which expenses are too high based on your level of sales?…without answers to these questions, it would be hard for you to know the financial impact of a given course of action. Allow us to help provide the clear concise data necessary to help you make sound financial decisions.

Also, when you have not yet reached the size to have your own accounting or bookkeeping department, Westfall Financial is available to assist you with the day-to-day tasks associated with bookkeeping. We offer the full range of services to help keep your business running smoothly. These include Accounts Payable, Accounts Receivable, Monthly Operating Statements, Bank Reconciliations, Payroll, Audit Trails, Balance Sheet, Financial Graphs and Budgets. We realize that most small businesses cannot afford a full-time accountant, but still need the expertise at times. We are here when you need us.