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We offer comprehensive support services, strategies, and tools to launch their ideas in a deliberate yet creative and cost-effective manner. Passionate entrepreneurs are their primary target market. We provide accountants, tax preparers business plan and grant proposal writers, business startup consultants, web designers QuickBooks Pro Advisors, IRS Enrolled Agents and a number of other financial consultants. Services include accounting, business startups, business plans, all business tax returns, individual income tax returns, web site design, and a variety of other services, including resolutions to IRS and state tax problems, along with tax settlements and abatements. Our services are offered in Rockville MD, Montgomery County MD, Washington DC and Baltimore County Metro Areas, and throughout the US.

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The Internal Revenue Service is now strongly encouraging the filing of past due tax returns. A return which has not been filed is being pursued through IRS substitutions. These back tax return filings are not generally in favor of the taxpayer.

Business & Financial Solutions' accountants, consultants and tax preparers are aware that most individuals, corporations and companies, who have not filed back taxes, may have problems with those tax years. For a free consultation call our accountants at (240) 403-0845. Our Rockville, MD firm will be able to provide you with a solution. If there is a liability, we may be able to assist you in getting a settlement on your personal or business taxes.

To help prevent problems with future tax problems for a small business, a good business plan is effective. Though preventing tax problems is not the only purpose for the business plan, having one could prove to be extremely beneficial.

Throughout the process of creating a business plan, you need to keep in mind the objective of the plan. Why are you writing the business plan? Is it to manage the business? Or is it to raise money for the business? Annual plans are used to manage a business. Business plans are used to attract capital. But there are exceptions, and often the difference between annual plans and business plans becomes muddled. Banks and other lenders or investors may require a copy of each year's annual plan. And management may use the start-up business plan as a basis for operating the business. Either way, a business plan should be written by a professional business plan writer or consultant, with a clear idea of what your goals for your business. Your business deserves the benefit of a good business plan.

For every successful business that was launched with a well-thought-out business plan, it seems you can find an equally successful one that was launched with nothing more than some scribbles on the back of a napkin. In fact, the contrarian approach may be the one you hear most about — i.e., entrepreneurs dismissing a business plan as something they wrote and then stuffed in the bottom of a drawer.

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Rockville, MD 20850

Montgomery County MD Firm

January 10, 2012 - With every new year comes a “little” tweaking of income taxes and this year is no different. Three weeks ago, we didn’t what was going to happen to our tax rates since Congress had yet to act on the expiring Bush era tax cuts. With the clock winding down, they opted to extend them by two years and so the only change you’ll see is an adjustment for inflation.

January 3, 2012 - Estate taxes can play a big part in what happens to a deceased person's estate. Florida estate planning attorneys advise that individuals with an estate plan should always be communicating with their estate planners to be sure to understand the effects of the most recent laws and regulations.

FISCAL COMMISSION CO-CHAIRS RECOMMEND MAJOR CUTS AND REDUCTION

NOVEMBER 11, 2011 - DISTRICT OF COLUMBIA -- The co-chairs of a bipartisan national fiscal commission on November 10 released a draft proposal to reform the tax system by simplifying the tax code, broadening the tax base, dramatically reducing rates, abolishing the alternative minimum tax (AMT), cutting tax expenditures and improving tax compliance. In addition to tax reform, the 18-member National Commission on Fiscal Responsibility and Reform aims to reach agreement on recommendations to ensure Social Security solvency for the next 75 years, enact tough discretionary spending caps and provide $200 billion in domestic and defense savings in 2015.

NORTHWESTERN MUTUAL FOUNDATION GRANTS FOCUS ON CHILDREN WITH SPECIAL NEEDS

NOVEMBER 10, 2011 - MILWAUKEE, Wisconsin -- Northwestern Mutual Foundation -- the largest corporate giver in the state of Wisconsin -- is announcing $355,000 in grants to help 14 nonprofits ensure treatment and innovative therapeutic opportunities for Wisconsinites with special needs. The grants build upon the Foundation's ongoing efforts to "Secure Future Generations" by strengthening area nonprofits that provide support to children with special needs.

November 4, 2011 - The Residential Energy Property Credit (Section 1121) was set to expire at the end of 2010, but was extended for one year by the Tax Relief and Job Creation Act of 2010. The credit is available for property placed in service in 2011, but with new rules and limitations. For more information about the 2011 rules, see the Special Edition Tax Tip 2011-08, "Home Energy Credits Still Available for 2011."

SEPTEMBER 25, 2011 - BESSEMER, Alabama -- Bessemer residents will decide this week whether to renew a portion of property tax funding for the school system.

SEPTEMBER 22, 2011 - SIDNEY — The C.A. Story Foundation is now accepting applications for the 2011 grants. The Foundation was funded by C.A. Story, a former insurance and real estate businessman in Sidney.

AUGUST 31, 2011 - The U.S. government on Wednesday sued to prevent the $39 billion merger of AT&T and T-Mobile USA, according to Bloomberg News. The U.S. Department filed the suit in Washington, D.C. arguing the merge would violate federal antitrust law, Bloomberg said.

AUGUST 19, 2011 - President Obama doesn't want the "payroll tax holiday" for workers to end. The administration is calling for an extension of the 2 percent payroll tax break as a way to reinvigorate the economy.

AUGUST 15, 2011 - The latest versions of the Firefox browser, following its new rapid-number versioning system, were made available over the weekend for download, a couple of days ahead of the official launch.

Aug 4, 2011 - H&M has released its newest issue on non-profit organizations. Our newsletter features content on accounting or auditing updates for business or management personnel at local NPOs.

June 9, 2011 - An Arlington man says he paid a tax preparer too much to do his tax return. Is he right? I don't know. There are two sides to every story, but I can't find the man who did his tax returns.

MOTOR VEHICLE ADMINISTRATION (MVA) ASSISTS COMPTROLLER OF MARYLAND

JUNE 1, 2011 - Baltimore, MD -- The Motor Vehicle Administration (MVA) assists the Comptroller of Maryland and the Department of Labor, Licensing and Regulation (DLLR) in collecting outstanding state tax liabilities and unpaid unemployment insurance contributions by holding the driving privileges and/or vehicle registration renewal of customers who have not satisfied their outstanding liabilities.