Our ServicesWE PROVIDE TAX SERVICES IN ALL 50 STATES & INTERNATIONALLY
FOR INDIVIDUAL • Tax Preparation • Tax Planning • Tax Problems FOR BUSINESS ACCOUNTING • Bookkeeping • Startup business and licenses • Payroll • Tax prep services • small business consultations • Audits – Reviews – Compilations • Cash Flow Management • Bank Financing • Business Valuation • Pension Plan Design & Administration • Strategic Business Planning • Succession Planning • New Business Formation • Non-Profit Organizations • Internal Controls • Project & property management
Whether we like it or not, today’s tax laws are so complex that even filing a simple return can be difficult. It’s all too easy to overlook tax breaks and credits to which you’re entitled. There is no substitute for the assistance of an experienced tax professional, even if you use a computer software program. Master Taxes Inc. provides services for individuals including tax preparation, tax planning, and assistance with tax problems.
Making your own income tax return can leave you with more questions than answers. According to a study released last year by the United States Government’s General Accounting Office, most taxpayers (77 percent of 71 million) believe they benefitted immensely by using a professional tax preparer.
We like it or not, today’s tax laws are so complex that even filing a simple return can be difficult. It’s all too easy to overlook tax breaks and credits to which you’re entitled. There is no substitute for the assistance of an experienced tax professional, even if you use a computer software program. We follow a tried-and-true process to help you get the most out of your tax preparation experience with Master Taxes Inc.
Tax planning is essential for successfully and legally reducing your tax liability. We go above and beyond tax compliance to recommend proactive tax savings strategies to maximize your after-tax income. Here are some tax-saving strategies we recommend that will benefit you
- By minimizing tax liability, you can increase and preserve your assets.
- Deferring income allows you to keep more money now while paying taxes later.
- Reduce your income taxes to keep more of what you earn.
- Reduce estate taxes so your family can keep more of what you’ve earned.
- Reduce your gift taxes so you can give more.
- Reduce taxes on your investments to accelerate wealth growth.
- Reduce your retirement distribution taxes so you can maximize your retirement savings.
Contact our tax planning experts today to learn how you can save money before the New Year. Remember, after December 31st, everything is history!
Solving Tax Problems for Individuals in Nashville:
Unfiled tax returns can occur due to various circumstances and mitigating factors. Failure to file a federal, state, or local tax return is a serious problem, but it can be resolved. Get started by enlisting the help of an experienced tax professional, such as Master Taxes Inc.
Our firm has a long history of assisting businesses and individuals with their tax issues. We have successfully assisted clients in resolving their IRS non-filing status.
Here are some of the tax problems that we can help you with:
- Unified returns and back taxes
- Tax Liens and levies
- Wage Garnishment
- Tax Settlement Options
- IRS Audit Assistance
How Master Taxes will help you
A one-on-one meeting with one of our tax experts to uncover and discuss all legitimate deductions.
Your tax return will be checked and rechecked by our staff and computer software, identifying potential issues that the IRS may investigate further and reviewing the math to limit IRS contacts. If you file your tax return electronically, you will receive your refund faster. Our tax experts will show you how to increase your weekly refund by adjusting your payroll withholding. Why give the IRS a loan with no interest for up to 16 months? We will show you potential deductions that you can use to reduce your tax liability for the coming year.
Startup Accounting and Licensing
Get the bookkeeping and financial expertise that every startup business owner requires. You’ll get the financial help you need, from fundraising to SaaS models. Expect your investors to demand accurate and timely financial reports once capital has been raised. At this point, your company must keep forecasts and budgets and then compare actual results to budgets.
Master Taxes Inc. employs technology to automate, synchronize, validate, and enable our professionals to function at a higher level. We don’t want to waste time looking for an invoice. We can make a bigger impact on our clients by advising them on important financial decisions by automating as much of the accounting minutia as possible.
We understand that payroll processing is necessary and that finding time and resources can be difficult for small business owners. Payroll can be time-consuming due to compliance issues, calculating employee payments, and filing payroll taxes. We understand the payroll needs and issues that business owners face. We advise our clients on all payroll issues and strive to provide payroll services that meet or exceed your expectations.
So don’t squander any more time on payroll. When you outsource payroll processing to us, we will make it simple and painless for your small business. Please contact us today to schedule a free consultation.
- Weekly, bi-weekly, or monthly payroll processing
- Direct deposits
- Federal and State payroll tax filings
- Customized payroll reports
- Weekly or monthly accounting summaries
- Preparation of W-2’s and W-3’s
- Preparation of 1099s
- Worker’s compensation audits
- Unemployment claims
Tax Prep Services for Businesses
Online tax software will never be able to replace the in-person knowledge of a local tax professional. Although using technology to do it yourself may appear less expensive, it may cost you more in the long run due to mishandled deductions, miscalculations, and even IRS issues. Our approach to tax preparation services at Master Taxes Inc. is affordable, accurate, and personalized. When we prepare your tax return, you won’t have to worry about whether or not it was done correctly. You’ll have peace of mind knowing that your tax filings were prepared with an eye toward audit risk reduction and a 3-way cross-check for accuracy.
We make it a point to know all of the most recent tax rules inside and out. We are constantly on the lookout for new legislation that we can use to reduce our clients’ tax liabilities. We meticulously review your paperwork, receipts, and previous tax returns before implementing tax strategies that will allow you to keep more of your earnings. Whatever your requirements are, you will benefit from our experience, expertise, and friendly customer service.
Small Business Consultations
Master Taxes Inc. provides comprehensive accounting services and targeted financial advice to help our small business clients succeed. We are qualified to provide the direction and support you require to manage your money efficiently as a Master Taxes Inc. and business advisor. We provide traditional accounting services such as bookkeeping, financial statements, and budgeting, but we also provide much more. We’ll find ways to conserve resources, reduce your tax burden, and streamline your accounting procedures.
We understand that small business owners require a qualified financial partner with whom they can put their trust. When you work with us, we’ll go above and beyond the numbers to get to know you and learn everything we can about your company’s day-to-day operations. We will be able to develop a full package of accounting and bookkeeping services based on your specific needs and objectives with the knowledge we gain.
“The one and the only, the best tax service in town, very friendly staff and great price and I highly recommended this place for everyone.
Good luck and best wishes.”
“I really appreciate the service i got, costumer representatives are very nice also the manager he’s so nice and welcome everybody to help him/ her out.
Thanks Master Taxes Inc.“
“Great service and timely. Better Bookkeepers is a professional and trustworthy business that you can bank on. Highly recommended.“
“Mr. Khalid was wonderful, knowledgeable and kind. The best tax preparer I have ever meet. Highly recommend.“
“Khaled has been doing my taxes for about 3 or 4 years. Before I went to Master Taxes and worked with Khaled, I was not getting as much back as I could have. Khaled helped me to increase my tax return by almost 1500 dollars.
“Great service before, during, and after. Friendly, quick, and professional. Highly recommend above other preparers who won’t give you an estimate and then rip off the consumer.”
Cash Flow Management
A cash flow crisis can be financially and emotionally devastating, particularly for a business owner who has poured their heart and soul into the planning and development of their vision. You know what I mean if you’ve ever had to beg, borrow, or steal to cover tomorrow’s payroll!
A positive cash flow is critical not only for bringing in operating capital while you’re trying to build up initial revenue but also for covering any borrowing needs you used to get started.
To avoid a cash flow problem, you should consider working with a financial business partner who can assist you in developing a cash flow projection. Putting measures in place to ensure accurate cash flow tracking and management is critical.
The bank official who reviews the loan application is concerned with repayment. To determine your ability to repay, most loan officers will request a copy of your business credit report. While using the information you provided and the credit report, the lending officer will consider the following issues:
- Have you put at least 25% or 50% of your savings or personal equity into the business in order to qualify for the loan? (Keep in mind that an investor will not fund the entirety of your business.)?
- Do your work history, credit report, and letters of recommendation demonstrate a solid track record of creditworthiness? This is an important consideration.
- Do you have the necessary training and experience to run a successful business?
- Do your loan proposal and business plan demonstrate your understanding of and commitment to the company’s success?
- Is the business’s cash flow sufficient to cover the monthly payments on the requested loan?
A valuation may be required for a variety of reasons, the most common being the sale or transfer of a business or an equity interest in a business entity. We can not only assist you in determining a realistic and defensible valuation for your company, but we can also provide consulting services to assist you during the negotiation process. Other ways we can assist you with your business valuation needs include the separation of voting and nonvoting stock, the separation of personal and corporate goodwill, and the appraisal of carried interest payouts.
Master Taxes Inc. professionals hold relevant professional designations and degrees such as Accredited Senior Appraiser (ASA), Accredited in Business Valuation (ABV), and MBA. Our professionals are committed to accuracy in all valuation engagements they undertake. We consider the various elements of appraisal theory developed by The American Society of Appraisers (ASA) and the American Institute of Certified Public Accountants (AICPA) Statements on Standards for Valuation Services No.1, and perform valuations in accordance with the ASA’s Principles of Appraisal Practice and Code of Ethics.
Pension Plan Design & Administration
We are unwavering advocates for retirement plan participants and those who serve them. While each group has different needs, we are committed to providing excellent service to both.
Employers who want more – more service, innovation, and solutions – should choose Master Taxes Retirement Plan Services. Every day, we earn our clients’ trust by focusing on the specific needs of each plan and participant. We are confident that our approach will enable employees to take control of their entire financial future.
Strategic Business Planning
In disrupted markets, incremental gains are insufficient. Companies must find unusual growth in order to stay ahead of competitors. That can happen only if businesses answer two questions: Where can we win? And how can we win in a unique and relevant manner?
We assist businesses in answering both of these questions. Deciding where to play necessitates a clear understanding of which markets a company is best equipped to compete in, as well as identifying gaps and defining the best customer targets. Determining how to win necessitates identifying the best products, services, experiences, and business models to reach them.
Succession Planning Services
The American economy is built on family businesses. Family businesses generate an estimated half of the US Gross National Product and pay half of all wages earned in this country, ranging from agriculture to services, technology, and manufacturing. However, family businesses rarely outlive their founders. At any given time, 40% of family businesses are in the process of transitioning ownership. Unfortunately, two-thirds of all initial transfers are unsuccessful. Only one-third of those who survive an initial transfer will survive a second transfer. It is estimated that $10.4 trillion in family business owners net worth will be transferred by 2040. Don’t become one of those statistics. Contact us now for top-notch Succession Planning Services in Tennessee.
New Business Formation
Begin with a bang. Grow quickly but wisely. Profitably exit. It’s difficult to find fault with this simple strategy, but making it all happen is far more difficult.
Master Taxes Inc. has decades of experience dealing with the issues, challenges, and potential obstacles that can affect a business throughout its lifespan. We can use our experience to help clients plan for success, navigate the entity formation process, and get new ventures off to a good start.
Master Taxes Inc. provides non-profit organizations with specialized accounting services. We collaborate with private and charter schools, charitable organizations, churches, and other organizations. Understanding cash flow is critical for any non-profit, and Master Taxes is here to help. We prepare financial statements, budgets, and forecasts so that you always know where your organization’s money is going.
You may need to hire a trained outside professional to evaluate your company’s operations to see if the proper controls are in place to ensure proper resource management and to protect yourself from employee theft.
We evaluate your internal control systems to determine the effectiveness and efficiency of your operating procedures. Then, by correcting any inefficient or ineffective operating procedures we find, we make recommendations to help your company become stronger and more profitable.
Project & property management
Master Taxes Inc. has a dedicated, customer-centric Asset and Property Management services offering — think of us as YOUR very own outsourced real estate department — that provides a complete tailor-made range of asset and property management services to any office, retail, and/or industrial CRE investment while doing so from an owner’s perspective. From assignment transition, lease administration, financial accounting, and reporting to day-to-day operations, tenant satisfaction, capital improvements, and annual budgeting, our Property Management team collaborates with the project leasing team to maximize an asset’s value.