Our Mission

At Wallace Tax & Accounting, our goal is to become a trusted resource for you and your family by providing efficient, effective solutions for your tax needs through the expertise of our staff and the quality of our service.

Our Path

Wallace Tax & Accounting Professionals was founded by Neal Wallace in 2016 as an expansion of Wallace Consulting. In doing so, Neal’s goal was to provide more opportunities to his employees as well as to expand both his existing client base and the range of services offered.

While still providing individual services to clients, Wallace Tax & Accounting Professionals primarily serves small businesses throughout the community in the areas of monthly accounting, payroll, tax filings, and preparing business returns.

The WTAP team is comprised of knowledgeable, hardworking professionals who are passionate about what they do. The firm is open year-round to ensure staff members can stay abreast to ever-changing tax laws. The firm’s staff welcome challenges with a smile and have a work ethic that ensures a job well-done. Each day brings excitement, growth, and opportunity.

Our Team


Neal Wallace


Neal is the founder and sole proprietor of Wallace Consulting, LLC- specializing in small business services and individual tax preparation. As a tax professional, Neal has helped individuals, families, businesses, and nonprofit organizations navigate the world of tax law- often helping generations of families and successors to business clients. His years of experience and continuous training enable him to solve complex tax issues and to offer tax planning services.

Neal earned his Bachelor’s in Accounting in 1998 and his CPA in 2003. Prior to starting his own firm, Neal began his career at some of the nation’s top accounting firms, including BKD, LLP and McGladrey & Pullen LLP.

He enjoyed his work at these firms but saw a need for small business and individual clients to receive expert service at a reasonable rate. Thus, Wallace Consulting was established. Over the years, Neal has acquired several firms with current locations settled in Merrillville, IN, Gary, IN, and Crete, IL.

Professionally, Neal enjoys working directly with his clients, the challenge of identifying and solving problems and helping his staff grow into their full potential. He is a member of the American Institute of Certified Public Accountants (AICPA) and the National Association of Tax Professionals (NATP).

Personally, he is passionate about sports- you may spot Saints or LSU gear in his office. Neal is a history buff and enjoys learning more about how society has developed. He also enjoys traveling- especially to a tropical location or to his home state of Louisiana.


Teresa Wallace, EA

Tax Manager

Teri has always been interested in learning and solving problems. She holds degrees in Business Administration, Human Services, and Psychology. As she was earning her Masters, she volunteered for the IRS’ Volunteer Income and Tax Assistance (VITA) program which led to her interest in doing tax work. The opportunity to help others, continually learn new information and share that knowledge was exactly what she was looking for in her career.

Professionally, Teri thrives on being challenged and enjoys working with small business clients. She is well-versed in payroll, bookkeeping, accounting, and tax matters. Teri is licensed by the Internal Revenue Service as an Enrolled Agent. She is a member of the National Association of Tax Professionals (NATP), the National Association of Enrolled Agents (NAEA) and holds several certifications in Quickbooks and Accounting. Teri has direct experience operating various small businesses, which is an asset to her clients.

Personally, she is a Northwest Indiana native and a Lake Central alumna. Teri dedicates her free time to her 3 children, enjoys dog sitting, and enjoys traveling to gain new experiences. She has also spent time volunteering in her community at organizations such as United Way, St. Jude House, the Women’s Center of NWI, the VITA tax program, and is an active member of her children’s school PTO.