Tax-Masters, Inc.

Business Services

Business valuation

Quite often, when someone wants to sell a business, he/she doesn’t know how much to sell it for—and the buyer isn’t sure what to pay for it. Business valuation is an amount in dollars of the value of a business estimated by a qualified appraiser. Business valuation is used to resolve disputes related to estate and gift taxation, divorce litigation, allocation of business purchase price and many other business and legal disputes. Tax-Masters can offer a professional, objective opinion about the value of the business being sold so that the buyer and/or seller will feel confident in making the transaction.

Business plans

Frequently a part of the buying and selling process, a business plan is usually prepared to help gain financing from a lending institution. A business plan is a formal statement of business goals, the reasons why they are believed attainable and the plan for reaching those goals. A business plan may also contain background information about the organization or team attempting to reach those goals. The business goals being attempted may be for-profit or non-profit. For-profit business plans typically focus on financial goals. Non-profit and government agency business plans tend to focus on service goals.

Bookkeeping

Bookkeeping is an essential part of any business. Without bookkeeping, no accounting information can be compiled. Bookkeeping is the first level of financial data-gathering. The system most commonly used in bookkeeping is the double-entry bookkeeping system. A bookkeeper is usually responsible for writing up the “daybooks.” The daybooks consist of purchases, sales, receipts and payments. The bookkeeper is responsible for ensuring that all transactions are recorded in the correct daybook, supplier’s ledger, customer ledger or general ledger. Tax-Masters can provide bookkeeping services at fees starting at $200 per month. We also offer business-consulting services starting at $1,000 per month.

Business Start-ups

A start-up is a new business venture in its earliest stage of development. Starting a small business requires determination, motivation and know-how. Choosing what kind of business to start can be an immobilizing task when confronted with a multitude of different opportunities. It's important to determine where your passions lie and to understand your entrepreneurial personality type. For the majority of start-ups, a business plan allows you to gain a better understanding of your industry structure, competitive landscape and the capital requirements of starting a small business. Investments or loans made at this stage are called seed money. Tax-Masters can help guide you through this process and help you make sound decisions.

Contact Information

For assistance with your business contact:

Syed Shah

Tel 301-230-0200