Business Details
31 Years
experience
Your Trusted Accounting Partner in Wilmington, NC
Founded in 1995 by Wendy Duke, Preferred Accounting has been serving Wilmington, NC businesses with comprehensive financial solutions. Our expertise spans accounting, bookkeeping, payroll management, and tax preparation for both businesses and individuals. As a locally owned firm, we prioritize personalized service tailored to each client's unique needs. Our team combines decades of experience with meticulous attention to detail to ensure accurate financial reporting and compliance. We specialize in streamlining financial operations, allowing business owners to focus on growth while we handle complex financial tasks. Our commitment to excellence is demonstrated through our IRS-registered tax professionals and proven track record of client satisfaction.We offer customized service plans that adapt to evolving business requirements throughout all stages of growth. Our strategic approach to tax planning and financial organization helps clients maximize profitability while maintaining regulatory compliance. With convenient midtown Wilmington offices, we provide accessible expertise for local businesses and residents. Our dedication to continuous improvement ensures clients benefit from the latest accounting methodologies and tax law updates.
Services
Accounting & Bookkeeping
Payroll Services
Tax Preparation
Business Start-Up
Tax Planning
Bank Reconciliations
Payroll Tax Filings
Financial Reporting
Insurance Audits
Withholding Tax Management
Details
- Year established: 1995
Highlights and features
- 28 years of local accounting expertise since 1995
- Personalized financial solutions tailored to business needs
- IRS-registered tax professionals on staff
- Comprehensive service plans for all business stages
- Proven track record with Wilmington businesses
Associations and certifications
- IRS Registered Tax Return Preparer
What people say
Trustworthy
Knowledgeable advice
Reasonable pricing
Accurate and organized
Solid decision support
Services
Accounting & Bookkeeping
Our accounting and bookkeeping services ensure accurate financial tracking for Wilmington businesses. We manage bank reconciliations, profit/loss statements, balance sheets, and invoicing to maintain organized financial records. This service provides business owners with clear financial visibility for informed decision-making while ensuring compliance with accounting standards.
Payroll Services
We handle complete payroll processing including direct deposit, tax withholdings, and regulatory filings. Our services cover federal/state tax payments, unemployment insurance, and deduction management for healthcare, retirement, and legal obligations. This comprehensive solution ensures timely employee payments while maintaining compliance with evolving payroll regulations.
Tax Preparation
We prepare business and personal tax returns for various entity types including corporations, partnerships, and sole proprietors. Our services include W-2/1099 preparation, tax amendments, and extension filings. We ensure accurate documentation and compliance with current tax laws while maximizing available deductions and credits.
Business Start-Up
Our start-up assistance includes entity formation guidance, tax ID applications, and financial system setup. We help new businesses establish proper accounting structures, obtain necessary insurance, and implement payroll systems. This foundational support ensures new companies begin operations with sound financial practices and regulatory compliance.
Tax Planning
We provide strategic tax planning to optimize business financial positions throughout the year. Services include quarterly tax projections, entity structure analysis, and deduction optimization. This proactive approach helps businesses manage tax liabilities while aligning financial strategies with long-term business goals and regulatory requirements.
People
Wendy Duke
Owner
Founder Wendy Duke established Preferred Accounting in 1995 with 28 years of accounting expertise. As an IRS-registered tax professional, she specializes in tailored financial solutions for Wilmington businesses. Her approach combines technical proficiency with practical business insights to deliver accurate, compliant financial management services.
Questions
What accounting services do you offer?
We provide complete accounting and bookkeeping services including bank reconciliations, financial reporting, payroll processing, tax preparation, and business start-up assistance tailored to Wilmington businesses.
Do you handle both business and personal taxes?
Yes, we prepare tax returns for all business entities (S-Corp, C-Corp, partnerships, sole proprietorships) and personal income taxes, including amendments and extensions.
What are your office hours?
Our Wilmington office is open Monday-Thursday 8:30am-4:30pm. Expanded hours available during tax season for client convenience.
How do you handle payroll services?
We manage full payroll processing with direct deposit options, tax withholdings, and regulatory filings while handling deductions for insurance, retirement plans, and legal obligations.
Can you help new businesses get started?
Yes, we assist with business entity selection, tax ID applications, insurance audits, and financial system setup to establish proper accounting foundations for new ventures.
