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New York · Serving businesses nationwide · Established 1987

Remote accounting and advisory for the New York businesses that need more than a bookkeeper — trusted since 1987.

Wallace Tax & Accounting helps established and growing companies stay organized, operate more efficiently, and gain clear confidence in every financial decision — through modern remote bookkeeping, proactive tax strategy, and the kind of long-term advisory relationships most firms don't build anymore.

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1987

Serving businesses since

Nationwide

Remote accounting reach

Long-term

Client relationships

Our story

Trusted by businesses since 1987.

For nearly four decades, Wallace Tax & Accounting has been the firm business owners stay with — through expansions, transitions, slow seasons, and generational change. That kind of longevity isn't built by chasing volume. It's built by showing up year after year with steady judgment, honest counsel, and a real understanding of each client's business.

The clients who joined us in our early years are still with us today. Their children and businesses have become clients too. That's the standard we hold ourselves to — and the kind of relationship we build with every business that joins the firm.

Founded

1987

Approach

Relationship-first

Delivery

Modern & remote

The Wallace Tax & Accounting team — New York

The Wallace team

A firm built on relationships that span decades — not tax seasons.

K. Michael Wallace

Founder · Principal

Meet Michael Wallace

The trusted voice business owners have relied on for nearly forty years.

Michael Wallace founded the firm in 1987 with a clear conviction: business owners deserve more than a once-a-year tax preparer. They deserve a trusted advisor who understands the business, anticipates the questions, and is genuinely there for the long road.

Across nearly four decades, Michael has guided hundreds of business owners through expansion, transition, complexity, and the everyday financial decisions that shape a company's trajectory. His clients describe him the same way: steady, straightforward, and consistently in their corner.

That long-term posture — paired with modern systems and a strong team — is what makes Wallace Tax & Accounting feel different from the moment you start working with us.

LeadershipLong-term relationshipsBusiness advisoryNavigating complexity

Remote accounting leadership

Accounting without the overhead.

A fully remote accounting partner — giving you the expertise, visibility, and operational support of an in-house finance team, without the salary, benefits, or management cost of building one.

Senior expertise

Work directly with experienced accountants and a principal advisor — not a junior bookkeeper assigned to your account.

Flexible capacity

Scale support up during growth, year-end, and audits — and back down when you don't need it. No hiring, no overhead.

Real-time visibility

Cloud-based accounting and dashboards mean you see your numbers anytime — without waiting for a monthly close meeting.

Predictable cost

Replace the cost of an in-house accountant or controller with a fixed monthly engagement that scales with your business.

Built for the way modern businesses operate

We support clients from New York to California through secure cloud accounting, modern collaboration tools, and a team that responds in hours — not weeks.

Who we partner with

Built for businesses that need reliable financial operations.

We're not a high-volume tax shop. We partner with a deliberate number of established companies, growing businesses, and leadership teams who want a long-term financial partner — not a seasonal vendor.

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Established Companies

Long-standing businesses that have outgrown a part-time bookkeeper and want senior accounting leadership without hiring a CFO.

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Growing Businesses

Companies adding people, revenue, and complexity — and need their financial operations to scale calmly alongside the business.

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Professional Services Firms

Law firms, agencies, and consulting practices that need clean books, proactive tax planning, and a steady advisor on call.

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Owner-Operated Businesses

Founders and principals who want one trusted firm handling accounting, tax, and the strategic conversations in between.

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Leadership Teams

Operators and executives who need accurate numbers, real-time visibility, and a financial partner who answers the phone.

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Multi-Entity Structures

Holding companies, related entities, and owners whose financial picture spans more than one set of books.

What we do

A complete financial operations partner — under one trusted roof.

Every service is delivered with the same outcome in mind: clear visibility, accurate numbers, organized operations, and the confidence to make every financial decision with reliable guidance behind you.

Remote Accounting

Senior accounting support delivered through secure cloud systems — full visibility, no in-house overhead.

Bookkeeping

Clean, accurate, monthly-closed books and reports that leadership can actually use to make decisions.

Payroll

Reliable payroll, filings, and year-end paperwork — handled quietly and accurately in the background.

Tax Preparation

Business and owner returns prepared with the same rigor and review you'd expect from a senior advisor.

Tax Planning

Year-round projections and strategy so every business move is made with the tax picture in front of you.

Financial Planning

Long-term financial guidance for owners — coordinated with the rest of your business and tax picture.

Audit Assistance

Steady, experienced support before, during, and after an audit — without the panic or scramble.

QuickBooks Support

Setup, cleanup, training, and ongoing optimization of the system your business runs on every day.

Business Process Consulting

A clear look at how money moves through your business — and where organization and efficiency can be improved.

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From the firm

The Wallace team — in their own words.

The clearest way to understand a firm is to hear from the people who run it. A few short conversations with Michael and the Wallace team — on how we work, who we partner with, and what nearly four decades of practice has taught us.

The client experience

What working with Wallace feels like.

The work is steady, organized, and personal. From day one, our clients describe the same shift: a calmer rhythm, faster answers, and a financial partner who actually knows their business.

A real onboarding

We start by understanding your business — not just collecting your tax documents. Systems, people, history, what's working, what isn't.

Clear, modern communication

Calls, email, secure portal, e-signature. We respond in hours, and you always know who is handling what.

Remote collaboration that works

Cloud accounting, screen-share reviews, and a workflow built for businesses that don't want to drive to an office.

Advisory built into the relationship

Quarterly reviews and a phone call before any meaningful financial decision — not after a surprise on the tax return.

Year after year — the same firm

The same advisor, the same team, the same standards. The kind of continuity that compounds over decades.

New York rooted · Nationwide reach

Proud to support businesses in New York — and across the country.

For nearly forty years, New York businesses have trusted Wallace Tax & Accounting for senior-level accounting and advisory. Today, that same firm — same team, same standards — supports clients in cities and states well beyond New York through modern remote accounting systems.

You get the depth and judgment of an established New York firm, delivered through the modern systems your business already runs on. That combination is rare — and it's exactly what business owners are looking for today.

1987

Founded in New York

All 50 States

Remote service delivery

Cloud-native

Modern accounting systems

Senior-led

Every engagement

The kind of firm businesses stay with for decades.

If you're looking for a long-term financial partner — one that brings senior expertise, modern remote delivery, and the kind of relationship most firms stopped offering years ago — we'd love to talk.

Start a Conversation →(212) 555-0000

New York · Remote accounting nationwide · Trusted since 1987