Beta Wealth establishes new tax and accounting practice

Independent wealth management firm Beta Wealth Group has unveiled Beta Wealth Group Tax & Accounting, a tax and accounting division run by certified public accountants (CPAs). This new entity, operating under shared ownership, expands Beta Wealth Group's scope into a crucial aspect of its clients' financial lives, according to the company.

The CPA-led team provides five key services: tax prep and planning; fractional chief financial officer (CFO) support; bookkeeping; financial statement creation; and audit services. The fractional CFO service offers high-level oversight on cash flow, statutory reporting, budgeting, and strategic forecasting. Routine bookkeeping and financial statement preparation help enterprise owners monitor their financial health.

The practice also conducts compilations, reviews, and audits, providing independent evaluations of financial records for various stakeholders. With client permission, the practice can work closely with other financial advisors. Beta Wealth Group's founder and CEO, Jodi Vleck, highlighted that taxes affect nearly every major financial choice clients make, from selling assets to retirement planning.

The company aims to integrate tax considerations into regular client discussions, ensuring they are addressed throughout the year and during significant decision-making moments.