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Client Services

Our firm offers a wide range of services to our individual and business clients. Because our firm is relatively small, our clients benefit by getting personalized, quality service that is beyond comparison. Below we have listed the services that we offer to our clients along with a brief description.

As the list below is by no means all-inclusive, please feel free to inquire about a service if you do not see it listed. If it is not a service we provide, we would be more than happy to refer you to a qualified professional.

Consulting Services

Estate Planning

Our penetration knowledge of federal and state estate laws helps you plan for the proper disposition of assets - with minimal tax consequences.

Business Valuation

With years of experience in the valuation of privately held business and individual assets, we can offer unparalleled assistance with filing of estate and gift tax returns, divorce proceedings, commercial litigation, stock compensation awards, offering memorandums for raising capital, buy-sell agreements and more.

Other Services

Asset Protection Planning

We design, develop and deliver plans to protect assets in an era of ever-increasing litigation resulting in substantial damage awards against business professionals. In fact, individuals can become liable for actions they may not be aware of, such as acquiring property with Environmental Protection Agency claims.


Income Tax Planning and Reporting

Woodrum, Tate & Associates, PLLC offers thorough, precise income tax planning and reporting, including skillful mastery of the increasingly complex Internal Revenue Code.

Trust, Gift and Estate Tax Reporting

We unlock the complexities of the Internal Revenue Code, providing alternatives for allocating income between a trust and beneficiaries as well as for reporting matters on estate tax returns.

Litigation Support in Civil Matters

We're practiced and proficient at assisting trial attorneys in civil litigation - including drafting discovery requests, devising deposition questions, analyzing financial information, calculating damages and the subsequent providing of expert reports and expert testimony.


Services include cash flow analysis for alimony purposes, tracing of assets to determine what should be included in the marital estate, plus tax implications associated with the division of martial property.

Receivership, Examiner and Bankruptcy

As an examiner and third-party receiver protecting assets of companies in default to lenders, we offer peerless expertise. We also serve as consultants to debtors, unsecured creditors, and secured lenders in Federal Bankruptcy Court.

Fraud Prevention and Detection

No matter how small or large the business, we help companies detect and prevent fraud with internal control policies and in-depth forensic accounting techniques.

Financing a Business Enterprise

Woodrum, Tate & Associates provides detailed projections of future financial results which are used to support existing loans or requests for additional financing.

Accounting and Bookkeeping

We excel at the fundamentals, too, helping maintain accurate and complete accounting records for detailed tax reporting, as well as for seeking bank financing or other capital for expansion. Although the firm does not provide audit services in connection with reporting on annual or interim financial statements, we assist our clients in securing an audit firm and working with that firm to meet the needs of our clients. Our firm provides a full range of cost effective accounting services including the following:

*General ledger & financial statement preparation

*Bookkeeping (Monthly/Quarterly/Annual)

*Accounting system setup for new businesses

*Computerized payroll services

*Business tax return preparation (Sales & Use/Business Property)

*Personal financial statements

*Litigation support

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