Our Services

We are committed to providing close, personal attention to our clients. We take pride in giving you the assurance that the personal assistance you receive comes from years of advanced training, technical experience and financial acumen.



Our Services

Tax Preparation

Many of our clients return to us again and again because of the stellar work we did on their first tax return.

QuickBooks Consulting

Need assistance with QuickBooks? You are in luck! Arnold, Hancock & Wallach can help you establish a QuickBooks accounting system for your business.

Small Business Accounting Services

To grow your company and your future, you need small business accounting services from experienced CPAs.

Bookkeeping

Bookkeeping is not an easy task, particularly for a small business owner who is already juggling the myriad responsibilities that come from running a company.

Non-Profit Services

Arnold, Hancock & Wallach, is a full service certified public accounting firm that serves the accounting, auditing and consulting needs of nonprofit organizations in the Permian Basin.

Offer in Compromise

An offer in compromise is literally an offer you make to the IRS to settle your debt for less than what you actually owe.

Tax Planning

Tax planning is the strategic approach to ensuring your finances are not just adequate but well ahead of the curve.

Payroll Service

A smooth-functioning payroll system is vital to the happiness and productivity of your employees, not to mention key in the success of your business as a whole.

and more...


Our Services

As a business owner you understand how crucial your bottom line is. You also know the importance of having reliable data to determine your cash flow and your net income.

When you have control of your bottom line, you are able to manage your finances effectively and grow your business.

You should never entrust your bookkeeping needs to someone that does not possess the knowledge and the skills to manage them. You should also never waste your time and money on someone who does not have the necessary time to give your financial records the attention needed to produce accurate and effective results.

As your local Bookkeeping Service, we provide professional and personalized bookkeeping, accounting, and payroll services to both small businesses and individuals in the Permian BAsin. We consistently strive to meet the individual needs of our clients with knowledge, experience, and ongoing training.

You may have fallen behind in your taxes, your last bookkeeper may have dropped the ball, or you may just realize that you do not have the time or the desire to manage your books. At Arnold, Hancock & Wallach, we are here to help you get your business and personal finances in order.

At Arnold, Hancock & Wallach you will be guaranteed to receive efficient, honest bookkeeping service that will ensure your satisfaction and ongoing business. You can feel confident that your books are in good hands.

Services include:

Valuation Reports: We offer valuation reports for privately held companies with annual revenues ranging from $200,000 to $200 million.

Our Conclusion of Value report has all the bells and whistles. These reports are required for estate planning and SBA loans.

A Calculation of Value is an abbreviated report. It provides an estimate of the business value for those considering the possible sale of their business or for those going through an amicable divorce and want a mutually agreeable value to place on the business.

Pension and Stock Option Valuations: We provide valuations of pensions and stock options.

Objective valuation can make the difference between loss or gain, success or failure.

You need professionals who are well qualified, with significant experience in evaluating all types of organizations.

A cash crisis can be emotionally devastating. It can even kill your business. The starting point for avoiding a cash crisis is allowing us to develop a cash flow projection for you.

We provide services relating to all aspects of estate planning and estate administration. We can help you design a comprehensive, creative estate plan to secure and transfer wealth within your family or family-owned business.

- Analyzing and planning for potential state and federal estate tax issues

- Serving as executors, administrators, and trustees for estates and trusts

We provide a variety of sophisticated services to individuals and business entities in connection with estate planning and estate and gift taxes, including:

- Formulation of simple or complete wills, advance medical directives (living wills), trusts, powers of attorney, guardianships, conservatorships and a full range of complimentary estate planning vehicles (including pet trusts)

- Use of generation-skipping trusts, charitable remainder trusts, charitable lien trusts, partnerships and other vehicles to produce tax savings

- Tax counseling in formulating wills and trust agreements to provide the most efficient transfer of assets

- Tax filing services for executors and administrators of the estate

- Probate proceedings representation including the resolution of will contests, fiduciary litigation and other estate disputes

- Estate reduction strategies including charitable contributions, gift planning and the formation and endowment of not-for-profit corporations

- Guidance in naming guardians for minor children and disabled adults

Trust & Estate Litigation

Setting goals is easy – but what about achieving them? To get to the finish line, you need a smart plan. This is where our award-winning financial advisors available through Arnold, Hancock & Wallach can help, offering products and services for every stage of life, and working closely with you to develop a plan to build your dreams on.

Your AHW Financial Advisor will help you build a plan that meets your needs. We’ll look at your current spending, saving and investing, learn about your goals and priorities, make objective recommendations and support your efforts moving forward through the implementation and management of your plan.

Retirement Planning: Whether you’re planning for the distant future or preparing to transition from a job to retirement right away, we can help.

Education Planning: Prepare yourself for the future you want and learn how to make strides on your goal to save for college – starting now.

Marital Transition: We strive to help our members navigate transition smoothly, including marriage, divorce and widowhood.

Protecting Family: Plan your estate. Arrange for your own long-term care. There are many ways to protect your future, and your family’s future.

Financial statements are like the financial dashboard of your business. They tell you where your money is going, where it’s coming from, and how much you’ve got to work with. They’re super helpful for making smart business moves. And they’re 100% necessary if you want to get a loan or bring on investors.

Financial statements are reports that summarize important financial accounting information about your business. There are three main types of financial statements: the balance sheet, income statement, and cash flow statement.

Together, they give you — and outside people like investors — a clear picture of your company’s financial position.

We’ll look at what each of these three basic financial statements do, and examine how they work together to give you a full picture of your company’s financial health.

Forensic accounting - also called financial forensics or forensic auditing - is an area of accounting that investigates actual or anticipated disputes.

Services include:

.............

We assess your internal control systems to determine the efficiency and effectiveness of your operating procedures, then we make recommendations that help your company become stronger.

Opening your own business is exciting and thrilling. It's everything that comes after the excitement and thrill has worn off that dictates whether a small business will make it or not.

The IRS uses very specific revenue and expense classifications to determine if your organization will retain its tax-exempt status.

Arnold, Hancock & Wallach, is a full service certified public accounting firm that serves the accounting, auditing and consulting needs of nonprofit organizations in the Permian Basin.

An offer in compromise is literally an offer you make to the IRS to settle your debt for less than what you actually owe.

Need assistance with QuickBooks?

You are in luck! Arnold, Hancock & Wallach can help you establish a QuickBooks accounting system for your business.

Why QuickBooks

QuickBooks is the ideal business accounting software for small to mid-sized business owners. Here's 10 reasons why you should be using QuickBooks.

QuickBooks Setup

Although QuickBooks is designed for the layman to understand, the initial setup and installation can be tricky. Save hours of frustration by allowing us to setup QuickBooks for you correctly.

QuickBooks Training

Once QuickBooks is setup and working properly, we can train you or your employees to properly operate QuickBooks specifically for your business.

QuickAnswers

Employees in your accounting department will find comfort in knowing that the answers to their QuickBooks questions are only an email or phone-call away. Email and telephone support prevents many wasted hours of aggravation and embarrassment.

QuickTune-Ups

Whether you need to prepare your books for tax time, a financial review, or you just need to clean up some problem areas, you'll get your QuickBooks running smoothly again with a complete Tune-up.

QuickBooks Tips

Please take a look at these shortcuts and "tricks of the trade" designed to save you time and make your QuickBooks experience even more productive.

As a small business owner you have more important things to do than to keep your own books. We take care of your books for you, so you can get back to the job of running your business and generating profits.

To grow your company and your future, you need small business accounting services from experienced CPAs.

If you still have all your plans and ideas locked up inside your head, preparing a strategic plan can help you clarify your company's direction.

Developing and implementing a well-designed succession plan is essential to the survival of a family business from one generation to the next.

Tax planning is the strategic approach to ensuring your finances are not just adequate but well ahead of the curve.

Planning is the key to successfully and legally reducing your tax liability.

We go beyond tax compliance and proactively recommend tax saving strategies to maximize your after-tax income.

Many of our clients return to us again and again because of the stellar work we did on their first tax return.