Tax Solution: Saugus

Services: Business

For 30 years Tax Solution has built an outstanding reputation in the construction trades, real estate, property management, restaurant, dental practice, and retail areas. Our new clients come to us primarily through referrals from established businesses. Others are referred to us by current clients, bankers, and Certified Public Accounting firms. We serve businesses throughout Massachusetts, Southern New Hampshire, Maine, and Rhode Island.

To meet the changing needs of starting and growing businesses, we offer a wide range of services and seminars.

• Business Builders Group

For those wanting to go into business, grow their business or achieve financial independence, we started the "Tax Solution Business Builders Group." Call Irv Dunn at 617-389-7717 for more information.

• Bookkeeping

"Leave the bookkeeping to us!"

Maintaining financial records — invoicing, collections, bill paying, and payroll — is one of the hardest parts of operating and growing a business. Nobody says, "I'm going to run my own business so I can do the bookkeeping." This is among the top 10 reasons we see otherwise quality businesses fail.

One of the keys to success is maintaining the bookkeeping and accounting records on a current basis. That's why we say, "Leave the bookkeeping to us!" For as low as $200 a month we will automate and do your bookkeeping on a weekly or monthly basis. While we're taking care of your bookkeeping, you maintain control of all bank accounts and check-signing.

Make the most of your time by promoting your business, developing new client relationships, and delivering goods and services as scheduled!

• Accounting

How much money did you earn last month? What are your target sales and net income for the next month?

This is where accounting plays an important role in the success of business. Detail processed in bookeeping is transformed into concise, timely, meaningful, and user-friendly management reports. This information is needed for banking, tax, and government regulatory purposes. Equally, if not more important, owners and managers need to know bank account balances, customers that owe money, revenues and expenses, and the net income ("bottom-line" profit) of the business.

Our "Monthly Management Report" is a package of three to eight reports, customized to your specific business needs. At the end of each month Tax Solution issues clear and concise reports that provide you with insight needed to understand how your business is doing and where it is headed. You won't have to wait until year-end to learn the results of operations! You will be managing it on a monthly basis. We promise not to turn you into an accountant!

• QuickBooks® Certified Pro Advisors

Accounting Software — Sales, Set-up, and User Training

"Automate repetitive procedures to maximize quality and time."

QuickBooks® Pro and Peachtree are just two of the accounting software applications we support. These are the most popular products used by businesses with sales under $2,000,000. With proper set-up and training, these can be easily learned and used by business owners and office staff.

Members of the "Tax Solution Business Builders Group" are able to puchase QuickBooks® Pro and Peachtree at discounted prices. Once the software is installed, they will be able to set up charts, vendor lists, and customer files; format invoices; and customize reports.

• Tax Planning

Throughout the year, but especially in the fall, we meet with clients to project revenue and expenses for the year. Using our knowledge of tax law, our understanding of the client's tax history, and these projections, we help the client plan their year-end purchases and make business decisions that affect the amount and timing of their taxes. This "Fall Tax Check-Up" enables owners to assess the results of operations and gain a sense of year-end profits and tax liabilities.

• Tax Return Preparation

Whether you are self-employed, or a sole proprietor, partnership, limited liability corporation (S-Corp) or corporation (C-Corp), our professional tax preparers can handle your Federal and State tax return filing needs. Through continuing professional education we stay abreast of the tax laws and apply the regulations to best meet your situation. Many of these returns have March 15th deadlines, so call in December or January to make an appointment.

• Business Planning

"The road map to business success."

You went into business because you have innovative ideas, initiative, know-how, and an independent spirit. And, you went into business to create a certain lifestyle for yourself and to achieve financial success and independence. The business planning process is the key enables you to your success.

At Tax Solution we take an action-oriented approach to building your business. Since 1986 we have used the FAST-track Business Plan (Focused Approach to Successful Business) model. It is a step-by-step goal-oriented action-driven plan that will enable you to move toward financial success, each and every month.

Over the course of a few hours or days, depending on the nature of your business, we will work with you to create a business plan, your road map not only to achieving, but exceeding, your business goals — building a bigger business, hiring more staff, opening new stores, increasing profit levels, obtaining loans, an improved life style.

• Budgeting

The Tax Solution Business Builders Group approach:

Decide upfront how much you want to earn for the year.
Build a realistic revenue and expense plan to make it happen.

It's understandable that numbers scare people. Without turning you into an accountant, we provide you with the financial tools needed to manage your business. The budget both projects how the business will do during the forthcoming period (month and year) and enables you to measure progress toward your goals. You will know if a trend occurs during the first quarter. If you're not on the right course, you'll have three more quarters to make changes necessary to meet your goals.