Your financial life. Kept in order.
Tax, accounting, and advisory work for individuals, business owners, and organizations with real complexity in their finances. Helping you achieve financial balance since 1970.
- Practice
- Tax, accounting, and advisory under one roof
- Representation
- Enrolled Agent representation before the IRS
- Established
- Serving clients since 1970
Five areas of work. One standard.
Clients come to Waddy for different reasons. Some need a complex return handled correctly. Some need books that give them a real picture of their business. Some need someone to respond to a taxing authority on their behalf. These areas overlap more often than people expect, and we are structured so they connect.
Four kinds of clients. One level of attention.
Individuals & Families
Once a return involves multiple income sources, investments, property, equity compensation, or more than one state, the margin for error narrows considerably. We handle complex personal tax work and the planning that should precede it.
See how we help →Business Owners
Your accounting should tell you how the business is actually performing, not just satisfy a filing requirement. We keep the books accurate, handle the tax work, and stay available for the decisions that carry financial consequences.
See how we help →Government Contractors
Federal contracts impose accounting requirements most firms never encounter. We build and maintain the cost structure, job costing, and records your contracts and their auditors require.
See how we help →High-Net-Worth & Professional Clients
Executives, professional athletes, public figures, and individuals with substantial or complex income need coordination across entities, states, and advisors — handled with precision and discretion.
See how we help →Four reasons clients stay.
A practice with roots since 1970
Waddy has been doing this work through decades of tax law changes, economic cycles, and shifts in how business is done. That length of practice shows in the range of situations the firm has handled and in the judgment we bring to new ones.
Enrolled Agent representation
Eric Waddy is an Enrolled Agent, federally authorized to represent taxpayers before the IRS. When a client matter requires representation, the firm can act directly.
Tax, accounting, and advisory under one roof
Sound tax positions depend on accurate books, and accurate books are only valuable if someone interprets them. Waddy handles all three, so nothing is lost in the space between a bookkeeper, an accountant, and a tax preparer.
Built around ongoing relationships
Many of our client relationships span decades. That is deliberate. Understanding a client's full financial picture over time is what allows us to anticipate issues rather than react to them.
First understand the matter. Then respond to it.
A notice from the IRS or a state tax authority is a specific request, with specific deadlines and specific consequences. Some matters are routine. Some are serious. The difference is rarely obvious from the letter itself, and it is not something to guess at.
The first step is establishing the facts. What is the taxing authority asserting? What period does it cover? What deadlines apply, and what happens if they pass? What records support or contradict the position? What options are available given the circumstances?
Once that is clear, the appropriate response follows from it. Eric Waddy is an Enrolled Agent, federally authorized to represent taxpayers before the IRS, which means the firm can correspond with the agency directly on your behalf, respond within required timeframes, and develop the resolution strategy the facts support.
Confidential. We review the facts before advising on approach.
Matters we handle
- 01 IRS and state notices, examinations, and audits
- 02 Unfiled and amended returns
- 03 Back taxes and payment arrangements
- 04 Penalty and interest matters
- 05 Liens and levies
- 06 Ongoing correspondence with taxing authorities on a client's behalf
Bookkeeping tells you what happened. Advisory tells you what to do about it.
Many business owners have accounting that is technically accurate and practically unused — categorized transactions nobody reviews until filing season. The records exist. The value never gets extracted. Handled properly, accounting moves through five stages, and each one depends on the one before it.
Records
Transactions captured accurately, categorized consistently, and reconciled on schedule. Everything downstream depends on this being right.
Understanding
Records become financial statements, and statements get reviewed with you — which segments produce margin, where cash actually goes, how the business is trending.
Decisions
Hiring, equipment, pricing, expansion, financing, owner compensation. Each carries a financial consequence worth calculating in advance rather than discovering afterward.
Tax Position
Those decisions determine your tax position. Entity structure, timing, compensation strategy, and elections are far more effective addressed during the year than reported after it.
Financial Direction
Over time the pattern becomes a direction — a business whose financial position is understood, managed deliberately, and moving where you intend it to go.
Most firms stop at the first stage. The value is in the rest.
Accounting that holds up when someone comes to check.
Contracting with the federal government imposes accounting requirements most businesses never face. Direct and indirect costs must be properly segregated. Costs must be tracked by contract. Timekeeping has to meet specific standards. Indirect rates must be calculated, applied, and supported. Records must be capable of being produced and explained.
Firms without regular exposure to this work tend to learn the requirements during an audit. We work with these requirements as a matter of course, and structure a contractor's accounting to align with what the applicable regulations and DCAA guidance call for — whether you are preparing for a first award or maintaining a system already subject to review.
Support includes
- Accounting system structure aligned to DCAA accounting system requirements
- Segregation of direct and indirect costs
- Indirect rate structure, development, and application
- Job costing by contract and contract line item
- Timekeeping practices and supporting documentation
- Incurred cost submission and provisional rate support
- Preparation and documentation support for DCAA audits and reviews
Founded in 1970. Same purpose since.
Waddy Accounting Services was founded in 1970 to provide genuine personal service to individuals and business owners — and, just as importantly, to listen closely enough to understand what each client actually needed.
That founding purpose still describes the work. Tax law has been rewritten many times over. Recordkeeping moved from paper to software. Client situations have grown more complex — more entities, more jurisdictions, more moving parts. The methods have changed continuously. The objective has not:
Helping you achieve financial balance.
The mission that continues to guide the firm.
Today the firm operates as Waddy Tax & Accounting Services under the leadership of Eric Waddy, an Enrolled Agent federally authorized to represent taxpayers before the IRS. The practice now spans tax preparation and planning, representation, accounting and bookkeeping, financial reporting and advisory, and government contractor accounting.
- 1970 Waddy Accounting Services is founded to serve individuals and business owners directly and personally.
- 2005 Eric Waddy joins the firm.
- 2016 James Waddy Jr. retires from the firm.
- Today Waddy Tax & Accounting Services continues under the leadership of Eric Waddy, Enrolled Agent, with practice areas spanning tax, accounting, advisory, representation, and government contractor accounting.
Waddy Tax & Accounting Services · Serving clients since 1970.
Start with a conversation.
Whether you are looking for a firm to handle ongoing tax and accounting work, planning for something specific, or dealing with a matter that needs attention now — the first step is a conversation about your situation. We will explain what the work involves and whether Waddy is the right fit.
A short conversation about your situation. No obligation.
Your financial life. Kept in order.
Tax, accounting, and advisory work for individuals, business owners, and organizations with real complexity in their finances. Helping you achieve financial balance since 1970.
- Practice
- Tax, accounting, and advisory under one roof
- Representation
- Enrolled Agent representation before the IRS
- Established
- Serving clients since 1970
Five areas of work. One standard.
Clients come to Waddy for different reasons. Some need a complex return handled correctly. Some need books that give them a real picture of their business. Some need someone to respond to a taxing authority on their behalf. These areas overlap more often than people expect, and we are structured so they connect.
Four kinds of clients. One level of attention.
Individuals & Families
Once a return involves multiple income sources, investments, property, equity compensation, or more than one state, the margin for error narrows considerably. We handle complex personal tax work and the planning that should precede it.
See how we help →Business Owners
Your accounting should tell you how the business is actually performing, not just satisfy a filing requirement. We keep the books accurate, handle the tax work, and stay available for the decisions that carry financial consequences.
See how we help →Government Contractors
Federal contracts impose accounting requirements most firms never encounter. We build and maintain the cost structure, job costing, and records your contracts and their auditors require.
See how we help →High-Net-Worth & Professional Clients
Executives, professional athletes, public figures, and individuals with substantial or complex income need coordination across entities, states, and advisors — handled with precision and discretion.
See how we help →Four reasons clients stay.
A practice with roots since 1970
Waddy has been doing this work through decades of tax law changes, economic cycles, and shifts in how business is done. That length of practice shows in the range of situations the firm has handled and in the judgment we bring to new ones.
Enrolled Agent representation
Eric Waddy is an Enrolled Agent, federally authorized to represent taxpayers before the IRS. When a client matter requires representation, the firm can act directly.
Tax, accounting, and advisory under one roof
Sound tax positions depend on accurate books, and accurate books are only valuable if someone interprets them. Waddy handles all three, so nothing is lost in the space between a bookkeeper, an accountant, and a tax preparer.
Built around ongoing relationships
Many of our client relationships span decades. That is deliberate. Understanding a client's full financial picture over time is what allows us to anticipate issues rather than react to them.
First understand the matter. Then respond to it.
A notice from the IRS or a state tax authority is a specific request, with specific deadlines and specific consequences. Some matters are routine. Some are serious. The difference is rarely obvious from the letter itself, and it is not something to guess at.
The first step is establishing the facts. What is the taxing authority asserting? What period does it cover? What deadlines apply, and what happens if they pass? What records support or contradict the position? What options are available given the circumstances?
Once that is clear, the appropriate response follows from it. Eric Waddy is an Enrolled Agent, federally authorized to represent taxpayers before the IRS, which means the firm can correspond with the agency directly on your behalf, respond within required timeframes, and develop the resolution strategy the facts support.
Confidential. We review the facts before advising on approach.
Matters we handle
- 01 IRS and state notices, examinations, and audits
- 02 Unfiled and amended returns
- 03 Back taxes and payment arrangements
- 04 Penalty and interest matters
- 05 Liens and levies
- 06 Ongoing correspondence with taxing authorities on a client's behalf
Bookkeeping tells you what happened. Advisory tells you what to do about it.
Many business owners have accounting that is technically accurate and practically unused — categorized transactions nobody reviews until filing season. The records exist. The value never gets extracted. Handled properly, accounting moves through five stages, and each one depends on the one before it.
Records
Transactions captured accurately, categorized consistently, and reconciled on schedule. Everything downstream depends on this being right.
Understanding
Records become financial statements, and statements get reviewed with you — which segments produce margin, where cash actually goes, how the business is trending.
Decisions
Hiring, equipment, pricing, expansion, financing, owner compensation. Each carries a financial consequence worth calculating in advance rather than discovering afterward.
Tax Position
Those decisions determine your tax position. Entity structure, timing, compensation strategy, and elections are far more effective addressed during the year than reported after it.
Financial Direction
Over time the pattern becomes a direction — a business whose financial position is understood, managed deliberately, and moving where you intend it to go.
Most firms stop at the first stage. The value is in the rest.
Accounting that holds up when someone comes to check.
Contracting with the federal government imposes accounting requirements most businesses never face. Direct and indirect costs must be properly segregated. Costs must be tracked by contract. Timekeeping has to meet specific standards. Indirect rates must be calculated, applied, and supported. Records must be capable of being produced and explained.
Firms without regular exposure to this work tend to learn the requirements during an audit. We work with these requirements as a matter of course, and structure a contractor's accounting to align with what the applicable regulations and DCAA guidance call for — whether you are preparing for a first award or maintaining a system already subject to review.
Support includes
- Accounting system structure aligned to DCAA accounting system requirements
- Segregation of direct and indirect costs
- Indirect rate structure, development, and application
- Job costing by contract and contract line item
- Timekeeping practices and supporting documentation
- Incurred cost submission and provisional rate support
- Preparation and documentation support for DCAA audits and reviews
Founded in 1970. Same purpose since.
Waddy Accounting Services was founded in 1970 to provide genuine personal service to individuals and business owners — and, just as importantly, to listen closely enough to understand what each client actually needed.
That founding purpose still describes the work. Tax law has been rewritten many times over. Recordkeeping moved from paper to software. Client situations have grown more complex — more entities, more jurisdictions, more moving parts. The methods have changed continuously. The objective has not:
Helping you achieve financial balance.
The mission that continues to guide the firm.
Today the firm operates as Waddy Tax & Accounting Services under the leadership of Eric Waddy, an Enrolled Agent federally authorized to represent taxpayers before the IRS. The practice now spans tax preparation and planning, representation, accounting and bookkeeping, financial reporting and advisory, and government contractor accounting.
- 1970 Waddy Accounting Services is founded to serve individuals and business owners directly and personally.
- 2005 Eric Waddy joins the firm.
- 2016 James Waddy Jr. retires from the firm.
- Today Waddy Tax & Accounting Services continues under the leadership of Eric Waddy, Enrolled Agent, with practice areas spanning tax, accounting, advisory, representation, and government contractor accounting.
Waddy Tax & Accounting Services · Serving clients since 1970.
Start with a conversation.
Whether you are looking for a firm to handle ongoing tax and accounting work, planning for something specific, or dealing with a matter that needs attention now — the first step is a conversation about your situation. We will explain what the work involves and whether Waddy is the right fit.
A short conversation about your situation. No obligation.