Charles McDonough Accountancy Corporation ("CMAC") is a group of experienced accountants, working together to help our clients achieve their financial goals. We are a proactive accounting and consulting firm, dedicated to providing our clients with professional, personalized services and guidance in a wide range of financial and business needs.
On this website, you will find information about CMAC, including our list of services. We have also provided you with online resources to assist in the tax process and financial decision-making. These tools include downloadable tax forms and publications, financial calculators, news and links to other useful sites.
On this website, you will find information about CMAC, including our list of services. We have also provided you with online resources to assist in the tax process and financial decision-making. These tools include downloadable tax forms and publications, financial calculators, news and links to other useful sites.
Services
Charles McDonough Accountancy Corporation ("CMAC") has practiced public accounting and auditing in Southern California for over forty-five years. During this time, we have been a staple of the area's business community and pride ourselves on the level of esteem we have earned.
Our firm provides a full range of services including auditing, review, tax, finance, accounting, and consultancy, and our professional and administrative staff is dedicated to professional client service.We offer specialized services in estate planning, fiduciary trust accounting and tax services.
Our firm provides a full range of services including auditing, review, tax, finance, accounting, and consultancy, and our professional and administrative staff is dedicated to professional client service.We offer specialized services in estate planning, fiduciary trust accounting and tax services.
Gregory Wilson, Certified Public Accountant, has been in public accounting for nearly forty years and began his association with CMAC in 1979 and has been a shareholder/partner at CMAC since 1982.
Greg is a member of both the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants, and has extensive experience with a wide range of industries including manufacturing and distribution, finance industry, real estate, healthcare, medical and professional services, and non-profit organizations.
Greg is a member of both the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants, and has extensive experience with a wide range of industries including manufacturing and distribution, finance industry, real estate, healthcare, medical and professional services, and non-profit organizations.
Charles McDonough Accountancy Corporation provides a wide range of services to individuals and businesses in a variety of industries. At Charles McDonough Accountancy Corporation, we strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment.
I recently had the opportunity to visit Greg Wilson, President of Charles McDonough Accountancy Corp. The full service CPA firm has been located in Torrance since 1967 where it was founded by the late Charles McDonough. Charlie, as Greg refers to him, established an enduring culture of professionalism and work-ethic that is still evident today.
Have you just started a new business? Did you know expenses incurred before a business begins operations are not allowed as current deductions? Generally, these start up costs must be amortized over a period of 180 months beginning in the month in which the business begins. However, based on the current tax provisions, you may elect to deduct up to $5,000 of business start-up and $5,000 of organizational costs paid or incurred.
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