Whether you are an individual or a small business owner, you are likely wearing many hats. Why deal with the stress and time-consuming nature of payroll processing, financial reporting, budgeting, bookkeeping, and more?
Your time is valuable. Reclaim it by partnering with Master Accounting and Tax Service for all your accounting needs.
We Are an Accounting Partner Who Makes Life Easier
We deliver knowledgeable, prompt, reliable accounting services. Just contact us when you need us, and we’ll provide all of the support and guidance required to navigate the complex, changing accounting and regulatory requirements that affect your organization.
Over the years, we’ve helped hundreds of clients by providing reliable, responsive outsourced accounting solutions.
In addition, we have a credentialed Enrolled Agent(EA) on staff. An Enrolled Agent is a tax professional who can represent taxpayers before the Internal Revenue Service for matters such as audits, appeals, and collections. Enrolled Agents are federally-licensed tax practitioners and their status is the highest credential the IRS awards after someone has completed the Special Enrollment Examination (SEE).
The services we offer include:
Master Accounting and Tax Service can provide you with the benefits of a full-time controller or CFO without the “full-time expense.” We can provide assistance with budgeting and cost analysis, developing policies and procedures, and other services to help you reach your goals, while freeing you and your management team to focus on your core business.
We work hand-in-hand with your team providing counsel and guidance in the following business and financial areas:
Accounts Payable (AP) and Accounts Receivable (AR) Processing
We can handle your accounts payable/cash disbursements and accounts receivable/cash receipts processing.
- You tell us which bills, checks, invoices, etc. to process.
Get expert support and peace of mind knowing that your finances are being handled properly. We can help you analyze your current expenses and address areas where performance could be improved.
- Set Financial Goals
- Forecast Financial Resources
- Analyze Current Expenses
- Advice on Necessary Adjustments
Guidance and Planning
When it comes to decision-making and planning, it’s extremely important to have a clear picture of your business’s performance. We can provide guidance and help with future planning through:
- Due Diligence
- Fixed Asset Tracking
Financial Statement Preparation & Analysis
As one of the final steps in the accounting cycle, your financial statement preparations will be done using previous statements to develop a current financial statement. If need be, we can also do an analysis of your financial statements to file quarterly and year-end statements. Services include:
- Income statement and retained earnings preparation
- Balance sheet and cash flow statement preparation
- Financial statement analysis
- Filing of financial statement reports
Our compliance experts evaluate adequacy, propriety, and reasonableness of your financial policies and procedures. We can help with compliance and application of new accounting principles and other fiscal regulations.
Our staff can take care of compilation of schedules and supporting documentation for banks, auditors, and tax preparers.
Learn more about our Fractional CFO / Controller Service here.
Financial Reporting and Planning
Running a business can be a complex job. Keeping on top of reporting deadlines and requirements with limited internal resources can make that job even more difficult. To help you focus on your business’ mission and growth, Master Accounting and Tax Service offers comprehensive accounting solutions. We can simplify your accounting functions by taking many of the time consuming and tedious tasks off your plate so you can focus on what matters most to you.
Our accounting and financial solutions make providing the appropriate information to those who need it easier, allowing you and your staff to work on building your organization’s success.
Master Accounting and Tax Service offers professional bookkeeping services to businesses whose current needs are not being adequately met. We optimize the business performance of our clients by providing them with the necessary tools to assess their financial position at any given point in time. We pride ourselves in providing bookkeeping services in a timely, accurate manner, showing respect and awareness of the confidentiality and individual needs of our clients. We can maintain your books in our office, virtually or even in at your office.
- We will record, allocate and reconcile all of your monthly bank and credit card transactions.
- We will provide you with reports necessary to make the appropriate financial decisions for your business.
Whether you are an individual or a business owner, effectively managing and filing your taxes is essential. Our team has the experience and know-how to help both individuals and business owners accurately prepare and file taxes, plan for future tax events, reduce the risk of audits, and save the time and stress involved with tax preparation. We are also here to help you with any IRS issues that you are currently facing to get them resolved quickly. Even if you have complex tax issues, we have a credentialed Enrolled Agent (EA) on staff to assist you. An Enrolled Agent is a tax professional who can represent taxpayers before the Internal Revenue Service for matters such as audits, appeals, and collections. Enrolled Agent status is the highest credential the IRS awards after someone has completed the Special Enrollment Examination (SEE). With Master Accounting’s tax professionals, you can save time and enjoy peace of mind knowing that we’ve got you covered! Learn about the key advantages of utilizing an experienced, trained, educated tax professional at Master Accounting and Tax Service here.
You have a payroll problem; we have a solution. When your payroll system becomes too complicated, you need a professional to help you out. From mysterious tax laws to difficult compliance regulations, Master Accounting and Tax Service offers one-stop solutions for your payroll needs. We specialize in both low-cost and high-quality payroll services to help you save money and simplify the process of handling payrolls. Learn more here.
We advise clients on the tax implications of mining for and investing in cryptocurrencies. Cryptocurrency is a new medium of exchange using cryptography to secure the transaction. In 2009, the first decentralized cryptocurrency, Bitcoin, was created. Since then, many cryptocurrencies have been created. The IRS has ruled that bitcoin is treated as property for tax purposes. It is thereby subject to capital gains tax.
Professional Accounting Services for Individuals and Small Businesses
Our full-service team is ready to partner with you today to help you with all of your accounting and tax needs.
We have been serving individuals and businesses for twenty-plus years. Our expert services are affordable, and we treat all of our clients with the utmost integrity.
For your convenience, we are working towards becoming a “paperless office,” meaning you will be able to enjoy the convenience of strictly online services. Contact us today to learn how we can help you redeem your time and focus on running your business. Call (480) 456-4999