Our professionals have in-depth experience in a wide range of industries. We help our staff members narrow their focus, so they garner more knowledge in the industries they want to go into. This approach is taken to better serve each of our client’s specific needs.
Many of our partners have hands-on industry experience working inside companies. As an entrepreneurial firm, we understand the competitive forces that drive your business goals. You won’t have to bring us up to speed on what you do and we’ll walk through each stage and lifecycle with you as your company progresses.
We also work with international companies on a cross-industry basis via our U.S. Inbound Outsourcing Suite.
The industries we serve include but are not limited to:
Outsourced Accounting Solutions
Our firm works with many practices to integrate our Outsourced Accounting Solutions – WP Edge, which provides full service bookkeeping, payroll, budgeting, and cash management services. This has proven to save time, money and headaches for physicians monitoring in house accounting and allows them to focus on what they do best, practice medicine!
Our professionals routinely assist practices with a variety of healthcare specific consulting projects that include physician compensation structuring, practice growth and physician expansion, reimbursement analysis, revenue cycle management, hospital integration consulting, buy-sell agreement structures, and physician succession planning.
WP Edge understands the importance of manufacturing, wholesale and retail businesses to the U.S. economy. We want our clients to thrive and be profitable and therefore give value-added advice that reduces uncertainty, views the tax picture holistically and helps seize opportunities to reduce costs and increase business in the U.S. and abroad. We have experience with companies of all sizes and needs ranging from privately held companies still held by their founder to publicly traded companies, including those with international operations.
Services we provide include:
- Business Consulting
- Tax Advice
- Assurance and Advisory Services
- International Insight
WP Edge is committed to helping American manufacturers, distributors, wholesalers, and retailers preserve and grow their market presence in this country to compete in a global environment. But rather than see international involvement as a threat, we help clients turn it into an opportunity.
Outsourced Accounting Solutions- WP Edge
WP Edge can also be your back office for energy investors or operators. We use the latest accounting software tools, but we believe that the human touch is most important in providing such services as:
- Bookkeeping and general ledger accounting for oil and gas investors and operators using OGSYS® and WolfePak®
- Monthly revenue distribution including processing of monthly revenue statements.
- Preparation of revenue and joint interest billing (JIB) processing.
- Preparation and filing of monthly severance tax reports, state withholding remittance and Federal MMS reporting.
- Required monthly, quarterly, and/or yearly financial reporting and board packages.
Using our extensive industry knowledge and top tier talent we are uniquely positioned to add value to your Company. Our Oil and Gas Consultants work with our clients to provide comprehensive solutions to their complex operational and accounting challenges.
We focus on the guidance you need for:
- Complex financial reporting (SEC annual and quarterly filings, Oil and Gas SMOG disclosures, Carve out financial statements, etc.)
- Technical advisory (Stock compensation, derivative accounting, consolidations, identifications of VIEs, etc.)
- New accounting guidance implementation.
- System implementations and conversions.
Mineral & Asset Management
Managing oil, gas and mineral rights can be a daunting task. Our team manages oil and gas properties for individuals, companies, trusts, financial institutions, charities, and foundations. Our goal is to make sure that you can see everything you own and understand the status of operation.
Powered by MineralWare, Whitley Penn’s team of specialized professionals can ensure greater protection for your mineral interests by offering a wide range of specialized services including:
- Audit payment stubs for accuracy
- Monitor delay rentals and shut-in payments
- Track and recoup unclaimed property
- Provide annual income and expense reporting for preparing tax returns
- Audit mineral leases for contract and regulatory compliance
- Division order verification
- Negotiate contracts and leases
- Research and analyze title problems
- Property valuation
- Promote leasing and development of mineral interest
- Monitor nationwide leasing trends and drilling activity
As a leading accounting and consulting services firm, we live in a professional service provider’s world. We understand the challenges and opportunities that professional service firms face, and how to maximize profit – particularly in a recovering economy.
We relate to the same issues that our professional service provider clients face – business and relationship transitions, succession
planning, ownership, non-compete agreements, malpractice insurance, trust management, and more. We tailor our audit and tax services to our clients’ needs with full confidentiality. Our first concern is for trust and then the quality of our work.
Outsourced Accounting Solutions
Through our Outsourced Accounting Solutions group, we provide a cost-effective alternative to hiring and training in-house financial records employees, as we become the Virtual Back Office to handle bookkeeping, cash management, budgeting, and similar tasks. Additionally, many of our clients find great value in utilizing our professionals as part of their business management team and act as their “virtual controller/executive officer.”
Whitley Penn is committed to helping you achieve financial success within your veterinary practice while delivering the highest quality of care. Our skilled professionals have years of experience in providing tax accounting and consulting services to veterinarians.
We are committed to remaining informed on issues that affect the veterinary industry and therefore are members of the American Animal Hospital Association, the Veterinary Hospital Managers Association, and VetPartners, an association dedicated to the success of veterinary practices through practical management solutions.
It is our goal to provide you with timely and accurate reporting so that you have a clear understanding of your financial condition. Our team of professionals will offer critical analysis and practical solutions that will improve the operations, efficiency, and profitability of your vet clinic. Because we understand the specific needs of the veterinary medical practice, we are able to develop a well-structured, individualized plan that will soon have our practice measuring up against or even exceeding industry benchmarks.
Our group of advisors are ready to assist you in the following areas:
- Veterinary specific financial statements
- Entity selection/organization structure
- Tax planning and compliance
- Transition/acquisition planning
- Practice valuations
- Compensation plan development
- Internal controls
- Staff training
- Bookkeeping and payroll
Additionally, if you are starting a veterinary practice or expanding a current office, we can offer guidance in financing, business plan creation, personnel development, software consulting and more.
Whitley Penn’s forensic, litigation, and valuation professionals and testifying experts have additional experience. This can be obtained by viewing their service descriptions and individual biographies.
Whitley Penn offers a powerful breadth and depth of audit, accounting and tax services to developers and investors with properties around the country and in select international markets. Our clients get local pricing and decision-makers who thoroughly know the industry and its time-sensitive deadlines and tax-driven markets dynamics.
Given the maxim in this industry that “time is money,” clients appreciate that our turnaround on projects is quick and that we have the focused skills to advise on the most complex tax and accounting issues.
Outsourced Accounting Solutions
Whitley Penn’s unique Outsourced Accounting Solutions group can be an outsourced bookkeeping and financial records resource. Our group can handle accounting system change and implementation, and bridge the gap with accounting services work when there is employee turnover.
Whitley Penn offers an array of investment fund accounting and administration services. From quarterly financial statement preparation to one-off partner request completion, our professionals deliver the level of service to fit your company’s needs. We work with large investment funds raising equity commitment totals in the hundreds of millions, and we also have experience with smaller family-owned businesses requiring less extensive reporting. Whether acting as your outsourced accounting department or serving to provide another level of review and consultation, the fund accounting services team addresses the unique needs of an investment fund. This group’s knowledge and experience with distribution waterfall calculations and complicated allocation processes serves to provide top quality accounting in a niche category.
Our services include:
- Financial statement and footnote preparation
- Investor capital statement reporting
- Hypothetical liquidation calculation
- Distribution waterfall calculation
- General ledger maintenance
- Management fee calculation
- Investor relations management
- Partner request and audit confirmation completion