For high-income CPA and management consulting services in Reno, NV, businesses turn to the seasoned experts at RS Wait. Established in 1990, our CPA (Certified Public Accountant) and consultants have spent the better part of three decades working hard to serve our commercial clients in their financial matters. During our time in business, we've developed a particular set of expertise to help our clients in the professional services, manufacturing, and mining industries.
On top of industry-specific knowledge, we specialize in several areas of practice. Those areas include income tax planning and preparation, estate tax planning and preparation, personal financial planning, investment account review reports and monitoring, business valuation, business exit strategies, cash flow measuring and monitoring, and profit improvement.
When you contact RS Wait, you're acquiring the services of a full-service adviser with ample experience assisting businesses with taxes, accounting, business development and management, value enhancement, and much more.
On top of industry-specific knowledge, we specialize in several areas of practice. Those areas include income tax planning and preparation, estate tax planning and preparation, personal financial planning, investment account review reports and monitoring, business valuation, business exit strategies, cash flow measuring and monitoring, and profit improvement.
When you contact RS Wait, you're acquiring the services of a full-service adviser with ample experience assisting businesses with taxes, accounting, business development and management, value enhancement, and much more.
Services
Clients worldwide can benefit from the consulting and accounting services of Reno, NV's CPA and business professionals at RS Wait.
We're a full-service adviser for tax, accounting, business development and management, and more, and our specialists are there to help you make any financial decisions.
Our various tax planning and business advisory services are bolstered by regularly updating our technical and professional knowledge.
We offer fixed-price agreements to both individual and business clients.
We're a full-service adviser for tax, accounting, business development and management, and more, and our specialists are there to help you make any financial decisions.
Our various tax planning and business advisory services are bolstered by regularly updating our technical and professional knowledge.
We offer fixed-price agreements to both individual and business clients.
Firm Philosophy: Our objective is to help our clients keep more of their money by providing high-value services that exceed clients' expectations in a fun environment that benefits both our clients and our firm.
Building value-added, long-term client relationships are the primary goals for our firm.
Scott began his career in the firm RS Wait, Chtd.
CPA firm.
His tax and accounting knowledge and experience continue to benefit his clients who need much more customized tax and financial advice.
Scott is passionate in his dedication to his clients and has been successful in helping his clients make smart decisions with their wealth and for their family's benefit.
Building value-added, long-term client relationships are the primary goals for our firm.
Scott began his career in the firm RS Wait, Chtd.
CPA firm.
His tax and accounting knowledge and experience continue to benefit his clients who need much more customized tax and financial advice.
Scott is passionate in his dedication to his clients and has been successful in helping his clients make smart decisions with their wealth and for their family's benefit.
Here is an example of our expertise in estate and trust tax services: During our team's investigation for an Estate Tax Analysis and Valuation, we discovered that there were two major issues that favorably impacted the estate's valuation and the estate tax owed by the family of the deceased.
The two issues related to owner's compensation and a company debt owed to the deceased shareholder.
Our analysis benefited the family by with a drop in their federal estate tax due by $120,000!
The two issues related to owner's compensation and a company debt owed to the deceased shareholder.
Our analysis benefited the family by with a drop in their federal estate tax due by $120,000!
It is important to maintain a tax efficient portfolio especially in retirement.
Here are a few tips: Consider minimizing the sale of investments in taxable accounts by having a thoughtful Investment Policy Statement that only requires sale of investments when re-balancing is needed.
Also, if clients have required minimum distributions, consider having clients take the distribution early in the year to prevent or minimize selling investments in other accounts and created higher tax liability in the year.
Here are a few tips: Consider minimizing the sale of investments in taxable accounts by having a thoughtful Investment Policy Statement that only requires sale of investments when re-balancing is needed.
Also, if clients have required minimum distributions, consider having clients take the distribution early in the year to prevent or minimize selling investments in other accounts and created higher tax liability in the year.
As neighboring states, most notably California, impose ever-increasing income taxes on residents, more and more of those residents are looking to relocate to a more tax-friendly locale.
Frequently, Nevada rises to the top of the list due to its location and the fact that Nevada imposes no state income tax, no gift tax, and no estate tax on residents.
Our firm regularly works with clients seeking guidance and help with establishing and maintaining Nevada residency.
While the law briefly defines resident and non-resident, there is very little formal guidance when it comes to determining California residency for personal income tax purposes.
Frequently, Nevada rises to the top of the list due to its location and the fact that Nevada imposes no state income tax, no gift tax, and no estate tax on residents.
Our firm regularly works with clients seeking guidance and help with establishing and maintaining Nevada residency.
While the law briefly defines resident and non-resident, there is very little formal guidance when it comes to determining California residency for personal income tax purposes.
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