OUR MISSION

Our mission at Rea, Whitehead & Associates is to provide our individual & business clients with superior personalized tax, accounting & advisory services by implementing practical solutions to meet their diverse needs.

SERVICES

Proactive Tax Advisory / Planning

  • Examine clients’ particular set of circumstances, advise on optimal strategy to maximize tax savings
  • Determine entity selection for business clients & advise on practices to minimize tax burden across all forms of taxation
  • Uncover pending tax payments that may be unforeseen, due to windfalls, asset disposals or other events, in an effort to avoid negative surprises

Income Tax Preparation

  • Provide income tax preparation for a wide variety of clients, including Individuals, Partnerships, C-Corporations, S-Corporations, Fiduciaries & Non-Profits
  • Prepare both federal & state income tax returns (all 50 states)

IRS Representation

  • Review correspondence from IRS & state tax officials
  • Advise clients on best course of action to resolve tax matters & limit financial exposure
  • Respond on clients’ behalf with tailored solutions to tax issues
  • Assist in setting up payment plan to pay taxes owed

Business Formation

  • Advise on optimal structure for new businesses
  • Draft federal & state documentation needed to form partnerships / corporations
  • Consult on the regulatory process & early stage company filings
  • Engage with federal, state & local governments to ensure registration compliance

Accounting / Bookkeeping

  • Set up newly formed businesses with Quickbooks, the most popular software used by small businesses to help track income & expenses
  • Aggregate transactions & reconcile bank accounts to generate financial statements & other reports vital to business visibility & the tax preparation/planning process

Financial Reporting

  • Create periodic reports & financial statements for management, which can provide crucial feedback on the operations of a company
  • Customize reports to highlight the information management deems most important to run the business efficiently

Business & Financial Consulting

  • Review business operating agreements to ensure they reflect intentions of the business owner(s)
  • Advise on working capital needs/strategy to aid in cash flow optimization
  • Consult on billing & procurement protocols, as well as optimal business systems & controls
  • Establish other best practices for new businesses
  • Provide ad-hoc consultation on personal financial & other business matters

Payroll Services

  • Provide full-service payroll preparation, whether it is needed weekly, semi-monthly, monthly, quarterly, etc
  • Customize payroll delivery to meet client needs (direct deposit or paper checks)
  • Make payroll tax withholdings & deposits to federal & state governments
  • File quarterly & year end payroll tax reports to comply with government requirements

Sales Tax Reporting

  • Simplify state tax rules for clients, which can be very convoluted
  • File sales tax reports on behalf of clients as required by state law
  • Handle issues related to sales tax on behalf of clients as they arise

Outsourced CFO Services

  • Contemplate funding & capitalization strategies
  • Consult on exit strategies in the event a sale is being contemplated
  • Perform due diligence on potential acquisitions
  • Optimize working capital needs & business cash flow
  • Create financial forecasts & budgets to improve financial visibility
  • Implement appropriate business systems / controls & other general best practices
  • Complement accounting/bookkeeping, payroll & consulting services listed above

Thank You For Your Service

We are proud to offer discounts for active Military, Veterans & First Responders.

ABOUT US

Bill Rea, CPA (in memoriam)

  • Prior to his passing, Bill co-founded Rea, Whitehead & Associates, Inc. with his long-time friend & son-in-law, Tom Whitehead, in order to provide personalized tax, accounting & advisory services to meet the needs of individual & business clients. 
  • Bill was a Certified Public Accountant (CPA), & ran his own practice in Huntington Beach before forming Rea, Whitehead & Associates, Inc.
  • Prior to running his own CPA practice, Bill was a Chief Financial Officer for several companies in the manufacturing (Western Door) & energy industries (J&S Supply, Inc. & TR Trading, Inc.), as well as a VP of Finance for a real estate development company (The Haskell Company) in Jacksonville, FL. 
  • Bill attended the US Coast Guard Academy for a year before transferring to Kenyon College, where he graduated with a double major in Mathematics & Chemistry. He then went on to receive his MBA in Finance & Accounting at the Columbia Business School in New York City.

Tom Whitehead, CFA, EA

  • Tom co-founded Rea, Whitehead & Associates, Inc. with his long-time friend & father-in-law, Bill Rea, in order to provide personalized tax, accounting & advisory services to meet the needs of individual & business clients. 
  • Tom is an Enrolled Agent, federally-licensed by the IRS & specializing in taxation to represent taxpayers in matters before the IRS & state tax boards. 
  • Prior to forming the company, Tom worked in investment management & equity research at Nuveen & Morgan Stanley, & worked as a consultant for distressed businesses during the financial crisis of 2008-2009.
  • Tom graduated cum laude from the Goizueta Business School at Emory University in Atlanta, GA with concentrations in Finance & International Business.  Tom also holds the Chartered Financial Analyst designation, a highly regarded mark in the investment management industry. 
  • Tom enjoys surfing, golf, basketball, reading & spending time with his wife, Chase. 

CONTACT US

Phone

714-536-3200

Fax

714-536-3210

Email

[email protected]

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