Michael J. Wetmore
CPA, Partner & Co-Founder
Michael co-founded Ryan & Wetmore PC in 1988. Through his leadership and dedication, the firm has grown from a 2 person firm to a 3 office, 45 person firm serving the Mid-Atlantic region. Michael currently works with clients concerning individual, corporate, partnerships and estate tax planning and preparation.
Michael works closely with clients to identify the best strategies for their specific situation. Over the years, he has developed expertise serving the following practice areas:
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Estates and trusts
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High net-worth individuals
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Healthcare organizations
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Printing and graphic arts industry
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Not-for-Profit organizations
After several years of service to the Greater Washington Society of Certified Public Accountants on the Board of Governors, Michael is serving as the current President of the Society. He has served industry organizations on both a local and national level. Michael has been a leader on several other not-for-profit accounting boards and budget committees. He is currently the leader of one of the BDO Alliance Managing Partner groups. In addition, he has directed several seminars on tax issues in the Washington DC area. On a national level, he has represented the District of Columbia at AICPA Council meetings of state societies to address issues confronting the profession.
Michael earned a Bachelor of Arts in accounting from The Catholic University of America. He is a member of the American Institute of Certified Public Accountants. He has been a member of the Arizona Society of Certified Public Accountants since 2002 and a member of the Greater Washington Society of Certified Public Accountants since 1984.
As a way to give back to the community, Michael often umpires local baseball games at varying levels. He has been involved in youth sports, especially baseball, for more than 30 years and serving as chief umpire for more than a decade in Falls Church Kiwanis Little League. He currently serves as an umpire consultant on the Virginia District 4 Little League staff.
Michael represents the Southern Maryland Blue Crabs professional baseball team on the Board of Directors for the Atlantic League of Professional Baseball.
Blog Posts
HHS PRF Phase 4 Healthcare Alert: $25.5 Billion Available for COVID Provider Funding
On September 10th, 2021, The Biden-Harris Administration announced $25.5 Billion will be available for Covid provider funding. The funding includes several facets such as the following: $8.5 billion in American Rescue Plan (ARP) assets for providers serving rural Medicaid, Children's Health Insurance Program (CHIP), or Medicare patients $17 billion for Provider Relief Fund (PRF) Phase 4 for many providers who document expenses and revenue loss due to pandemic related issues Who Receives Reimbursements? [...]
HHS Extends Timeline for Provider Relief Fund
Healthcare Alert – HHS Extends Timeline for Provider Relief Fund (PRF) On June 11th, the U.S. Department of Health and Human Services (HHS) released updated reporting requirements for recipients of the Provider Relief Fund (PRF) payments. While the primary objective of the revision is to expand the timeframe providers have to report information, it is [...]
Do Healthcare Providers Need a Single Audit? [PDF]
Healthcare providers may not be aware that they are subject to a Single Audit (A-133 audit). Many healthcare providers faced significant financial changes due to the COVID-19 pandemic, including the following changes felt by many organizations. Additional costs associated with purchasing needed PPE Costs of additional support provided to your workers Revenue losses from cancelled [...]