Business Details
38 Years
experience
Trusted Accounting Solutions in Rockville, MD
Founded in 1988 by Kenneth J. Watter, CPA, Watter CPA has established itself as a trusted partner in accounting, tax, and advisory services. Our firm, now led by George Dimov, CPA, serves clients nationwide with a commitment to excellence, personalized service, and deep industry expertise. We specialize in tailored solutions for individuals, businesses, and non-profits, combining local roots in Rockville, Maryland, with a national reach.Our team delivers audit, tax planning, bookkeeping, and compliance services, emphasizing transparency, accuracy, and client-centric partnerships. With decades of collective experience, we uphold rigorous standards while adapting to evolving financial landscapes, ensuring reliability and trustworthiness for every client engagement.
Services
Individual Tax Preparation
Business Tax Preparation
State Tax Compliance
Non-Profit Tax Services
Audit Services
Bookkeeping
Payroll Services
Expat Tax Solutions
Forensic Accounting
Financial Reporting
Details
- Year established: 1988
Highlights and features
- We have over 30 years of experience in accounting and tax services
- Our team includes licensed CPAs with specialized expertise in non-profits, international tax, and audits
- We provide nationwide service with local community focus
- Our firm undergoes annual peer-review for quality assurance
- We offer personalized solutions for complex tax situations
Associations and certifications
- Peer-reviewed by AICPA
What people say
Exceptional service for 25 years
Highly knowledgeable team
Dedicated professionals
Solved complex tax situations
Punctual and reliable
Services
Individual Tax Preparation
Our Individual Tax Preparation service simplifies complex personal tax situations while maximizing compliance and benefits. We handle equity compensation planning, capital gains optimization, and inheritance tax strategies, ensuring precise filings for high-net-worth individuals and everyday taxpayers. With specialized expertise in cryptocurrency reporting and international tax obligations, we deliver tailored solutions that align with evolving regulations while maintaining strict confidentiality.
Non-Profit Tax Services
Non-Profit Tax Services ensure compliance for 501(c)(3) organizations, charities, and foundations. We specialize in Form 990 preparation, grant compliance tracking, donor reporting, and tax-exempt status maintenance. Our team combines regulatory expertise with financial transparency practices, helping organizations preserve their mission-driven focus while meeting federal and state requirements. We also support tax planning for fundraising activities and program-related investments.
Audit Services
Our Audit Services deliver rigorous financial statement examinations for public and private entities. We conduct PCAOB/SEC audits, non-profit audits, and specialized engagements like FBAR compliance reviews. Using standardized procedures and industry-specific knowledge, we ensure accuracy in regulatory filings while providing actionable insights for operational improvements. Our peer-reviewed processes maintain strict adherence to AICPA and PCAOB standards.
Expat Tax Solutions
Expat Tax Solutions address complex cross-border financial requirements for U.S. citizens abroad. We specialize in foreign account compliance (FBAR/Form 8938), dual-status tax returns, and World Bank employee reporting. Our team navigates foreign tax credit optimization and offshore disclosure programs, ensuring compliance with U.S. tax laws while minimizing double taxation through strategic planning.
Bookkeeping Services
Bookkeeping Services maintain accurate financial records through transaction categorization, bank reconciliation, and accounts payable/receivable management. We implement tailored systems for small businesses and non-profits, integrating with QuickBooks and other platforms. Our processes support payroll processing, sales tax reporting, and financial statement preparation, providing the foundation for informed business decisions and smooth tax seasons.
People
George Dimov
Managing Auditor & CPA
George Dimov leads audit engagements with a focus on precision and regulatory compliance. Bringing extensive experience in financial statement audits and tax advisory services, he maintains the firm's legacy of excellence established by founder Kenneth Watter. His expertise spans SEC filings and international tax matters.
Christina Frangou
Director of Operations
Christina Frangou specializes in business development strategy and financial systems management. With over 20 years in finance across three continents, she oversees operational excellence while maintaining professional licenses from U.S. and UK institutions.
Amy Milliken
Senior Tax Accountant
Amy Milliken provides detailed tax preparation for individuals and corporations. Her expertise includes complex filings for multi-jurisdictional engagements, leveraging experience from Dimov Tax Associates and JDA TSG to deliver accurate, compliant financial reporting.
Kenneth J. Watter
Founder
Kenneth J. Watter established the firm in 1988, building a legacy of accounting excellence. As a respected Montgomery County CPA, he set standards for non-profit audits and tax advisory services until his passing in December 2023.
Ramy Raoof
Tax Associate
Ramy Raoof specializes in individual and business tax returns, combining public accounting experience with systems expertise in Lacerte and QuickBooks. He maintains CPA licensure while contributing to payroll and financial reporting services.
Questions
What types of tax planning services do you offer?
We offer individual/business tax planning, estate planning, and retirement planning to minimize liabilities and ensure compliance.
How often should I meet with my CPA?
Frequency depends on your needs—quarterly/annual meetings for most clients or more frequent consultations during major changes.
Can you help with IRS issues or tax problems?
We provide audit representation, payment plan negotiation, and resolution of liens/levies for efficient tax problem resolution.
What is the process for starting a new business with your help?
We guide entity selection, registration compliance, accounting setup, and ongoing bookkeeping/tax support for new businesses.
Do you offer virtual consultations?
Yes, we provide remote consultations for nationwide client convenience while maintaining personalized service.
Reviews (3)
Kate M.
Dec 09, 2021
Report
Ken and his team (Alice, Lindsay, etc.) are all excellent. I've been working with them for my business and personal taxes and utilizing bookkeeping services for years. II have had nothing but a positive experience with Ken's office. I have and will continue to recommend Ken and team to clients, family and friends.
Rutie E.
Jun 23, 2021
Report
Does it really take 2 years to review a tax return? does it really take 2 months to review corrections and omissions the I pointed out on a current year tax return? and because of their delays- I had to pay the penalties! and was expected to pay for the preparations in full. I had to sign every Power of attorney twice because the "didnt go through". Really? every time? Every request was channeled to the assistant, Alice, and disappeared.
I was told "we called you several times" - which they did not. I was blamed with "you didnt sign the XXXX form" without explaining why I should or what it is. In short - UNRELIABLE UNTIMELY UNPROFESSIONAL DONT GO THERE.
I was told "we called you several times" - which they did not. I was blamed with "you didnt sign the XXXX form" without explaining why I should or what it is. In short - UNRELIABLE UNTIMELY UNPROFESSIONAL DONT GO THERE.
Jade B.
May 19, 2021
Report
Disorganized and did not complete taxes on time! Never returned multiple phone calls to his office when we called to check on how things were going a few weeks after dropping off tax information. Thoroughly disappointed and will NOT return. I strongly do NOT recommend this practice.
