Richard Welling, CPA

Summary

Founder and Managing Partner of Richard Welling & Co., LLP has built one of the top boutique tax consulting firms in Southern California. Especially adept at identifying, developing and implementing business strategies that minimize tax liabilities while maintaining compliance with current tax law.

Over twenty years in managing the tax liabilities of companies in the investment management, private equity, securities and real estate industries. Instrumental in coordinating the accounting, finance and taxation requirements of family offices, investors with multiple enterprises and various corporate structures, public corporations, private corporations, partnerships, trusts and foundations. Routinely works with client companies and individuals having international and multi-state tax issues.

Stellar reputation for grasping complex financial concepts, defining tax issues and focusing on the leverage points that proactively resolves financial issues. Demonstrated ability to distill complex financial information and then use it to form a compelling and successful business strategy. Skilled in business development, operations direction, project management and ultimately, client satisfaction.

A socially minded individual, Richard Welling currently serves as Treasurer of Cornerstone Christian Center and is on the Professional Advisory Committee of Torrance Memorial Medical Center.

Richard’s skill set includes: Tax, income tax, estate planning, mergers, real estate, tax preparation, tax returns, trusts, investments, corporation tax consolidated tax returns, partnership taxation, international tax and state taxation.

He is a problem solver by nature, results oriented, a logical business thinker and curious.

Specialties

Richard provides tax consulting services to family offices, investors with multiple enterprises and various corporate structures, public corporations, private corporations, partnerships, trusts and foundations.

Experience

Managing Partner at Richard Welling & Co. LLP
1988 – Present (25 years)
Chief executive of one of Southern California’s most highly respected professional tax services firms. As CEO and managing partner, Richard leads all client services, practice development, recruiting and business operations. Through his efforts, he has built a firm known for its creative problem solving approach to tax issues and, when necessary, its steadfast representation of clients before state and federal tax authorities.

Types of clients include:

Projects representative of Richard’s expertise

Skills & Expertise

1. Managing the tax compliance and planning for real estate and construction industry investors.

2. Organizing and controlling the tax compliance and planning for families with multiple ownership vehicles

3. Expert level accounting and tax management for investment management companies, private equity groups, investment portfolio managers

4. Expert level taxation of foreign entities with US activities

18 recommendations available upon request

CFO at Crenshaw Christian Center

November 1995 – May 1997 (1 year 7 months)
Chief Financial Officer for Christian Ministry with international media outreach, 32 acre campus located in Los Angeles, with 17,000 member church, bible school, K-12 school, publishing company and book store.

Tax Manager at Arthur Andersen

October 1981 – December 1987 (6 years 3 months)
As a tax manager, was responsible for real estate and oil & gas clients, including consolidated groups, partnerships and individuals.