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Financial success, freedom to set your own schedule, and more time for the things that are truly important are three reasons you may have started your own business. You’re not alone if you find yourself frustrated that none of these goals are actually true. Instead, you increased your workload, have an overstuffed schedule, and see very little profit. The long weekends to take family vacations, the steady cash flow, and a growing staff? You feel as though it was all a mirage.


Most people underutilize the knowledge and expertise of an accountant. They recognize the need for a professional to file their taxes but don’t rely on an accountant throughout the rest of the year. If you want your business to succeed financially, hiring an accountant is the best decision you will make. This frees you up to do what you’re best at—running your business. By allowing an accountant to manage your finances, you will be set up for a prosperous future. Nearly 80% of small businesses fail within the first 18 months as a result of poor financial planning. But this doesn’t have to be true for you. At Ingram Wallis, we want to see your business flourish and remain in a healthy financial state. Our goal is to guide you and help you make the right financial decisions for your business so that you don’t become a statistic. We’ll show you five reasons why hiring an accountant is beneficial to the financial success of your business.


Once you file your tax return, you probably don’t want to hear from the IRS—unless they’re sending you a refund. You certainly don’t want to receive a notice saying there was a red flag on your tax return. These notices can often be confusing and cause unnecessary stress on your part. The best thing you can do is take extra care when you’re filing to avoid any mistake that may raise a red flag. If you follow these five steps, you’ll have nothing to worry about.


We see you scouring the internet for clues about how you can increase your tax refund and reduce the amount of taxes you owe. You wish you knew an expert who could tell you all about tax breaks and whether or not you can take advantage of them. We’ll give you insight into the 10 most popular tax credits and deductions, so you save money and expand your refund.


Many changes have been made in the new legislation that will affect nearly every taxpayer. So, as you prepare to file your 2018 taxes, we want you to understand the new tax reform laws. You’ll have more confidence as you file when you know how you’ll be impacted by the new tax provisions. Below are several categories that have been adjusted in the bill and how these changes will affect you.


As you prepare to file your taxes, the process can feel overwhelming. At Ingram, Wallis & Company, we want to help make your filing experience as simple and pain-free as possible, so we’ve created a list of most of the forms you need to gather before you file. Please note that every form and category may not apply to you. This is simply a guide to help you collect the correct information.


At Ingram Wallis, we provide a number of top-notch services that can greatly aid you or your business in getting your finances in order. At the core of these services are our taxes, consulting, and accounting services provided by our world-class staff of Certified Public Accountants.

Although we offer several useful accounting services from general ledgers and booking to computerized payroll services, and consulting services ranging from software selection and implementation to financial and retirement decisions, we are ready to help our clients take a step further with our wide range of tax services. With tax season upon us, we strive to provide financial information to our clients in a timely and accurate manner. This commitment is comprised of maintaining meaningful, well-organized financial records that can set up your business for success.


The relationship between accountant and client isn’t based on money; it’s based on trust.  There’s an invaluable connection from “Who do you trust with your finances?” to “Who do you trust with your future?” or “Who do you trust with your family?” At Ingram Wallis, our day-to-day operations and actions revolve around this central idea of trust. It’s a foundation that drives us to remain client-centered; we value the trust our clients place in us and set out each day to return on their investment with insight, counsel, guidance, accuracy, innovative services, and an ever-evolving portfolio of products. Our expansive accounting and auditing services, which are founded upon trustworthy client relationships, has allowed our dedicated staff of Certified Public Accountants to achieve innovative, efficient, and profitable financial solutions for our clients.


Thank you for voting Ingram, Wallis, & Company, P.C. as the 2018 Readers’ Choice for “Best Tax Service” and “Best Accountant/Tax Professional.” After receiving this recognition in each individual category in previous years, we are extremely honored to receive recognition for both categories in the same year. We truly appreciate the support from all of our clients and friends who voted for us and look forward to being the trusted source for all of your accounting and tax needs in the years to come.


Senate tax writers on Capitol Hill continue to discuss bipartisan retirement savings bills as the House gears up for a vote on a related tax measure.


President Donald Trump and Democratic congressional leaders have agreed to develop a $2 trillion infrastructure plan, according to Senate Minority Leader Chuck Schumer, D-N.Y.


Highly anticipated proposed regulations have been issued on the withholding required with respect to the disposition of certain partnership interests. The proposed regulations affect certain foreign persons that recognize gain or loss on the disposition of an interest in a partnership that is engaged in a trade or business in the United States, and persons that acquire those interests. Also affected are partnerships that directly or indirectly have foreign partners.


Proposed regulations provide rules on the attribution of ownership of stock or other interests for determining whether a person is a related person with respect to a controlled foreign corporation (CFC) under the foreign base company sales income rules.


Final regulations have been issued on transactions of U.S. taxpayers that have qualified business units (QBUs) with functional currency other than the U.S. dollar.


Medicaid waiver payments were earned income, even though IRS Notice 2014-7 treated them as “difficulty of care” foster care payments that were excluded from gross income. The Tax Court held that excluding the payments from earned income would improperly deny the taxpayers’ earned income credit and the additional child tax credit.