Business Details
Your Trusted Partner for Accounting & Tax Solutions in Rockledge
McDonough CPA Solutions provides quality, personalized financial guidance to local individuals and businesses. Our expertise spans tax compliance and planning services, accounting and financial statement preparation, and attestation. We consult on entity selection, business structuring, business transition, and retirement planning, primarily serving Central Florida. By combining our expertise, experience, and proactive approach, we ensure every client receives close analysis and attention. Our dedication to high standards, effective communication, and work ethic has earned the respect and appreciation of our client base.We maintain financial viability for clients while minimizing tax burdens, improving cash flows, and assisting with business and succession planning. Our team's open communication and research-driven approach help us understand client needs thoroughly. Heather McDonough and Kristen Underwood have established themselves as trusted figures in the local business community through years of dedicated service. Our commitment to excellence ensures clients receive competent and timely advice tailored to their unique circumstances.
Services
Tax Preparation
Bookkeeping
Financial Planning
Business Advisory
Retirement Planning
Estate Planning
Cash Flow Management
Succession Planning
New Business Formation
Highlights and features
- We offer over 25 years of public accounting experience with specialized industry knowledge.
- Our team provides personalized attention through frequent client communication.
- We serve diverse industries including construction, real estate, and healthcare.
- Our proactive tax planning strategies minimize liabilities and maximize savings.
- We combine technical expertise with community-focused service in Central Florida.
Associations and certifications
- Certified Public Accountant (CPA)
- American Institute of CPAs (AICPA)
- Florida Institute of CPAs (FICPA)
Services
Tax Preparation
We prepare accurate federal, state, and local tax returns for individuals and businesses while maximizing deductions. Our team stays current with changing tax laws to ensure compliance and optimize savings. Clients benefit from strategic planning to minimize liabilities and avoid penalties through proactive preparation.
Bookkeeping Services
Our bookkeeping services maintain precise financial records including accounts payable/receivable, payroll processing, and bank reconciliations. We implement efficient systems for small to medium businesses to improve financial visibility. Clients gain time to focus on operations while ensuring accurate financial tracking and reporting.
Business Advisory
We provide tailored business advisory services covering cash flow management, bank financing preparation, and operational efficiency analysis. Our team helps develop strategic plans and internal controls to enhance profitability. Clients receive data-driven recommendations aligned with their specific industry requirements and growth objectives.
Retirement Planning
Our retirement planning evaluates current financial status and creates customized strategies for long-term security. We analyze Social Security optimization, investment vehicles, and tax-efficient withdrawal plans. Clients receive ongoing guidance to adapt plans as financial circumstances evolve toward achieving retirement goals.
Succession Planning
We design succession plans ensuring smooth business transitions across generations or ownership changes. Our approach addresses legal structures, tax implications, and leadership development strategies. Clients gain peace of mind knowing their business legacy will continue effectively beyond their direct involvement.
People
Heather K. McDonough
CPA
With over 25 years of public accounting experience, Heather specializes in business, trust, and personal taxation. She serves on the Brevard Zoo board and provides proactive tax planning for construction, real estate, and healthcare industries.
Kristen Underwood
CPA
Kristen brings extensive experience in complex tax returns and business acquisitions. A Merritt Island native, she focuses on tax mitigation strategies and serves as a trusted advisor for local businesses through technical expertise and community engagement.
Questions
What accounting services do you offer for small businesses?
We provide bookkeeping, cash flow management, financial reporting, and outsourced CFO services tailored to small business needs.
Do you handle both individual and business tax preparation?
Yes, we prepare personal tax returns and business tax filings for corporations, partnerships, and LLCs.
What industries do you specialize in?
We specialize in construction, real estate, healthcare, hospitality, law firms, and manufacturers.
Do you offer retirement planning services?
Yes, we provide comprehensive retirement planning including tax implications and Social Security optimization.
Can you assist with business succession planning?
We develop and implement succession plans to ensure smooth transitions for family businesses.
What sets your firm apart from other accounting services?
Our personalized approach combines 25+ years of experience with proactive tax strategies and local expertise.
