Phoenix, Arizona CPA
Accounting Firm

Jacobsen & Wachterhauser offer their clients nearly 70 years of accounting and income tax experience. We specialize in small businesses accounting, and service all areas of our client’s accounting and tax needs. Furthermore, we provide tax planning and research services, guaranteeing to minimize your tax liability and increase your income tax return. Our standard income tax return rates are comparable with national firms.

Click here to contact us and for directions to our Camelback area offices.

Roderick A. Jacobsen, CPA – Rod has been an accountant since 1970. He has worked for both national and local CPA firms, giving him a broad range of experience. His expertise includes auditing of publicly traded corporations, accounting and tax preparation for small companies, property and trusts, business planning, forecasting and projections, estate planning, plus corporate tax planning and research.

Rod graduated from Arizona State University with a B.S. degree in 1966. Subsequently, he served in the Air Force and later taught business and government at the high school level. In 1971, he received his M.S. in Accounting from Northeastern University. He was employed by the international accounting firm of Coopers & Lybrand from 1970 through 1974. Rod worked for two local firms until 1978 when he opened his own practice.

Lynette R. Wachterhauser, CPA – Lynette’s experience began in public accounting in 1981, providing accounting services for small to medium sized businesses in New Jersey. Upon moving to Arizona in 1985, she continued providing her expertise in accounting and tax preparation for small companies, estates and trusts, forecasting and projections, estate planning, and individual tax planning and preparation.

Lynette graduated from Rutgers University with a B.S. in accounting in 1981. In 2004 she completed her MBA from Keller Graduate School of Management and obtained her Certified Public Accountant certificate.

General Information on Accounting:

• Unstated Interest
  Definition of Unstated Interest: Interest which must be determined and the sale price lowered by this amount when interest is not stated in an installment agreement or the interest rate applied is less than the applicable rate. […]
• Vacation Home
  Definition of Vacation Home: The Tax Code places limitations on taxpayers who rent their residences or vacation homes to others during part of the tax year. The limitations may result in scaling down of expense deductions for the taxpayer. […]
• Vested Benefits
  Definition of Vested Benefits: Pension benefits belonging to the taxpayer. […]
• Wash Sale
  Definition of Wash Sale: A Wash Sale is when a purchase of substantially similar stock or other form of securities within 30 days before or after the sale of the similar stock or security at a loss. A taxpayer cannot claim a wash sale loss; instead, the loss is added to the basis of the [...] […]
• Welfare to Work Credit
  Definition of Welfare to Work Credit: A tax credit for employers that have hired workers from welfare rolls. The Welfare to Work Credit is claimed on Form 8861. […]
• Thinking in an Intellectual and Analytical Way
  What is critical thinking? Critical thinking is exactly what the term suggests—it is the process of thinking in an intellectual and analytical way. The concept is designed to improve upon one’s thinking process to achieve better results. This is accomplished through identifying an individual’s strengths... […]
• The Effects Technology has on Accounting Professionals
  The effects of technology on the accounting profession: Over the past several decades the effects of technology on the accounting profession have been numerous and extremely influential. Major impacts can be seen in areas of data collection, storing, processing, and outputting into various forms of... […]
• Financial Statement Users
  Users of financial information: A responsible organization’s management will interpret accounting data for purposes of evaluating the business. Management relies heavily on accounting information, along with numerous other indicators, for analyzing current business decisions; while simultaneously using that data for planning for the future of... […]
• Widow (Widower)
  Definition of Widow (Widower): A woman (man) who hasn’t remarried subsequent to the death of her husband (his wife). Additional Widow (Widower) Information: […]
• Withholding Allowances
  Definition of Withholding Allowances: A credit available to employers who hire employees from certain destitute groups. The credit is claimed using Form 5884. Additional Withholding Allowances Information: […]