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Wray Enterprises Inc.

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United States
Potsdam, NY
Wray Enterprises Inc.

Wray Enterprises Inc is licensed in New York and specializes in Accounting. We are professional, experienced, and affordable. Nathan B.

We offer a broad range of services for business owners, executives, and independent professionals. Our Mission is to provide personalized and high quality accounting services based on your business needs and goals. Wray, EA first began his career in 2012 and later launched Wray Enterprises Inc. as the Founder and President in 2014 after first earning his Associate’s degree in Accounting in 2010, f

ollowed by his Bachelors of Finance in 2013. Nate became an Enrolled Agent with the U.S. Department of Treasury in January 2021. Before, during and after the conception of Wray Enterprises, Inc. he has steadily worked alongside John C Parcell IV, CPA, CFE building his skills in strategic business development and mastering his knowledge of accounting. He is a federally authorized tax practitioner with the right to represent taxpayers, trusts, estates and corporations when dealing with issues with the IRS, such as tax appeals, collections and audits. In addition to that, he has experience with hospital financials within the private sector as well as local government fund accounting. Leadership, reliability and drive are among Nate’s greatest strengths. He has been recognized as a troubleshooter and problem-solver; an innovative thinker who continuously seeks improvement. He thrives on all types of challenges, especially those that expand his knowledge in the entrepreneurial world. There isn’t a business out there that doesn’t interest Nate. His drive and need for knowledge are what compelled him to begin multiple partnerships of his own in the property management industry and the fi****ms industry. Nate has volunteered for non-profit organizations such as Seaway Valley Prevention Council and the Parishville Sportsmen’s Club where he currently serves as Treasurer. Nate has been a Notary Public since 2013 and is an active member of the New York State Society of Enrolled Agents. Nathan lives in the Parishville area with his Wife, son and dog. In his free time, Nate enjoys being at the shooting range, UTVing, and spending time with his family and friends.

08/10/2026

Business owners: Should you use cash to pay federal tax debt or keep it for operational needs? Paying the IRS sooner may ease stress and reduce penalties, but draining cash can disrupt operations, payroll and growth. There’s no one-size-fits-all answer. In many cases, the IRS offers options — such as installment agreements, temporary collection holds or penalty relief — that may help you stay compliant while preserving cash flow. The biggest risk is choosing extremes, either depleting cash reserves or ignoring the issue. A balanced strategy often works best. Call us at (315) 212-2993. We can review your options and help you create a plan.

08/07/2026

If you and your spouse operate a profitable, unincorporated small business, you face some unique tax issues. The IRS will generally classify your business as a partnership for federal tax purposes. So, you’ll have to file an annual partnership return and both you and your spouse must receive Schedules K-1, which allocate taxable income, deductions and credits between the two of you. You must also pay self-employment (SE) tax on your share of the net SE income passed through to you by the spousal partnership. Your spouse must do the same. The bottom line: Turn to us to keep your business in compliance with the IRS while you and your spouse keep the business running smoothly. Contact us at (315) 212-2993.

08/05/2026

Tax planning requires more than preparing returns at filing time. We work with individuals and businesses throughout the year to identify tax-saving opportunities, address compliance requirements and respond to changing tax laws. Call us at (315) 212-2993 to schedule an appointment to discuss your tax needs.

08/04/2026

Applying for a business loan can feel like a catch-22. On one side of the desk is the risk-averse lender, who’s willing to loan money only to successful business owners. On the other side is the business owner, who needs the funds to grow and be successful! To avoid this paradox, approach a loan as a partnership rather than a provider-customer interaction. After all, if you were going into business with someone, you’d want to clearly understand their vision for the venture. Contact us at (315) 212-2993 for help effectively presenting your business plan and financials to prospective lenders.

08/03/2026

There are several benefits to having an estate plan. It can protect your wealth while giving you peace of mind that your assets will be distributed according to your intentions. In addition, it can save taxes, minimize legal complications and family disputes, and reduce expenses for your heirs. Do you have young children? An estate plan is a must so you can name guardians for them in the event of your untimely death. If you’re ready to begin your estate planning journey, or if you’d like us to review your current plan, contact us at (315) 212-2993.

07/31/2026

Contributions to Section 530A accounts (also known as Trump Accounts) are now eligible for the gift tax annual exclusion. If, for example, you contribute cash (including via check or EFT) to a child or grandchild’s account, that contribution won’t be subject to the federal gift tax or related reporting requirements, as long as your total gifts to the child for the year don’t exceed $19,000. Note that contributions from most sources are limited to $5,000 per year (not including the initial federal government contribution of $1,000 if the child qualifies), per Section 530A account. Also, the recipient must be under age 18 at the end of the tax year. Have questions? Call us at (315) 212-2993.

07/29/2026

IRS penalties can add up quickly. Fortunately, some taxpayers may qualify for penalty relief. There are three main types of relief: 1) first-time penalty abatement for taxpayers with a strong compliance history, 2) reasonable cause relief for situations such as serious illness or natural disasters, and 3) statutory exceptions. These exceptions generally apply to penalties resulting from erroneous written IRS advice or to taxpayers affected by certain federally declared disasters or involved in military combat-zone operations. If the IRS has assessed a penalty on your account, contact us at (315) 212-2993. We can help determine whether you qualify for penalty relief.

07/28/2026

You may be eligible for the Child and Dependent Care Credit if you pay for care so you can work. For 2026, the credit for lower-income taxpayers increases from 35% to 50% of the first $3,000 of qualified expenses for one child ($6,000 for two or more children). Some middle-income taxpayers may also qualify for a larger percentage than in prior years. Call us at (315) 212-2993 to learn how the updated rules may apply to your family.

07/27/2026

Is federal tax debt blocking you from achieving your financial goals? Unresolved tax debt can lead to interest and penalties, tax liens, asset seizures — and even the denial or revocation of your passport. These consequences can make it difficult to move forward. The good news is relief may be just a phone call away. We can assess your situation and help you find a path forward. Contact us at (315) 212-2993 to discuss your next steps.

07/24/2026

If you’re getting married, or were recently married, congratulations! Taxes are likely the furthest from your mind, but there are a few tax-related chores you need to consider. For example, next year, for 2026, you’ll be filing your first tax return as a married person. That could affect the amount of tax you should have withheld from your paycheck. Use the IRS Withholding Estimator to check. Then provide your employer with a new Form W-4. If your last name has changed, notify the Social Security Administration, which will inform the IRS. You and your new spouse should also review financial accounts, insurance coverage, estate plans and tax strategies. We can help. Contact us at (315) 212-2993.

Address

1888 State Highway 72
Potsdam, NY
13676

Opening Hours

Monday	8am - 5pm
Tuesday	8am - 5pm
Wednesday	8am - 5pm
Thursday	8am - 5pm
Friday	8am - 5pm

Telephone

+13152122993

Website

https://www.wrayinc.com/

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