Business Details
48 Years
experience
Your Trusted Partner for Accounting and Tax Solutions in Torrance, CA
Charles McDonough Accountancy has been a trusted name in public accounting and auditing for over 45 years, serving Southern California's business community with unwavering dedication. Our firm provides comprehensive services including auditing, tax planning, financial consulting, and specialized estate planning solutions. Our team of certified professionals maintains rigorous standards through continuous education, completing 80+ hours of continuing professional development every two years. We distinguish ourselves through proactive client relationships, personalized service approaches, and strategic alliances with complementary professionals.Our commitment to excellence is demonstrated through our membership in the Private Companies Practice Section of the AICPA, which requires rigorous peer reviews every three years. We serve diverse industries including manufacturing, healthcare, real estate, and non-profit organizations, while maintaining a strong focus on individual financial planning and business advisory services. Our reputation for integrity and expertise has been built through decades of delivering reliable, tailored financial solutions to both established enterprises and high-net-worth individuals.
Services
Tax Services
Audits Reviews
Financial Planning
Estate Planning
QuickBooks Support
IRS Representation
Business Valuation
Payroll Services
Retirement Planning
Corporate Tax Preparation
Details
- Year established: 1978
Highlights and features
- We offer over 45 years of experience in accounting and tax services
- Our team completes 80+ hours of continuing professional education biennially
- We provide personalized service approaches for each client relationship
- We maintain rigorous quality control through AICPA peer review processes
- We offer strategic alliances with complementary financial professionals
Services
Tax Services
Our comprehensive tax services include strategic planning, compliance filings, and representation for individuals and businesses. We specialize in minimizing tax liabilities through proactive planning while ensuring compliance with evolving regulations. Our team provides expert guidance on cryptocurrency accounting, IRS audit representation, and resolution of back tax issues.
Audits Reviews
We offer three levels of financial statement assurance including full audits, limited reviews, and compilations. Our audit services verify financial accuracy for third-party stakeholders, while reviews provide analytical assurance. These services help businesses maintain transparent financial records and meet regulatory requirements.
Estate Planning
Our estate planning services focus on minimizing tax implications during asset transfer while ensuring client wishes are honored. We specialize in trust administration, gift tax strategies, and succession planning for business owners. Our approach combines tax expertise with personalized solutions for family financial security.
QuickBooks Support
We provide comprehensive QuickBooks solutions including setup, training, and system optimization. Our services ensure proper implementation for accurate financial reporting. We offer both initial setup assistance and ongoing support to maximize the software's effectiveness for business accounting needs.
Financial Planning
Our financial planning services cover retirement strategies, investment analysis, and cash flow management. We help clients create personalized roadmaps for financial independence while integrating tax considerations. Services include risk assessment, portfolio evaluation, and retirement income distribution planning.
People
Gregory G. Wilson
President
Certified Public Accountant with 40+ years experience. Specializes in taxation, audits, and estate planning. Holds MBA in Taxation. Manages firm quality control processes.
Sonny Martanegara
Manager IT Administrator
CPA with 20+ years experience in audits and tax planning. Specializes in business solutions and firm IT administration. Holds BS in Accounting from CSU Dominguez Hills.
Jenny Forsyth
Senior Accountant
25+ years accounting experience. Specializes in financial statements, tax preparation, and trust accounting. Holds degrees from Wharton School, LSU, and UCLA accounting certificate.
Teodora Pejic
Staff Accountant
Recent CSU Long Beach graduate pursuing CPA license. Handles tax preparation and audit support. Provides assistance with financial statements and compliance reporting.
Chris Tabellario
Co-Administrator
Manages tax e-filing and client accounting oversight. Holds Masters in Consumer Affairs. Provides personalized support for high-net-worth clients' financial needs.
Questions
What tax services do you offer for businesses?
We provide comprehensive business tax services including corporate tax preparation, payroll tax management, tax planning, and IRS audit representation. Our services help businesses maintain compliance while optimizing tax positions.
Do you offer QuickBooks support and training?
Yes, we offer full QuickBooks solutions including system setup, personalized training, and ongoing support to ensure proper implementation and effective use for business accounting needs.
What estate planning services are available?
Our estate planning services include trust administration, gift tax strategies, business succession planning, and preparation of estate tax returns to ensure smooth asset transfer with minimal tax implications.
How do you handle IRS audit representation?
We provide complete IRS audit representation including correspondence handling, liability minimization strategies, and direct communication with auditors to protect client interests during the audit process.
What financial planning services do you offer individuals?
We offer retirement planning, investment analysis, cash flow management, and tax-integrated financial planning to help individuals achieve long-term financial goals and maintain financial independence.
