Business & Financial
Solutions is a Montgomery County, MD accounting
and management firm, The company specializes in tax and
accounting solutions. Our tax preparers and accountants are
up-to-date on IRS and state tax codes, laws and regulations.
We adhere to GAAP procedures. BFS tax specialists are enrolled
agents with the Internal Revenue Service. We are current
with continuing education courses, as required by the IRS
for tax preparation. BFS is pro-active in preventing levies
and liens. In cases where levies and liens have already
occurred, we may be able to help get a release of levy,
or a lien release.
Tax
Returns
BFS
prepares tax returns for businesses, as well as
for personal needs. This includes income taxes,
payroll taxes, sales and use, and
personal property, estate corporate, partnership and a broad
range of other tax returns. Business & Financial
Solutions prepares virtually all tax return for a businesses,
estates, partnerships and individuals. We can help in
the preparation tax returns for any state.
As
strategists, business consultants, accountants, bookkeepers
and tax specialists, our services are designed to assist
clients in maximizing profits, while taking advantage of
tax credits and tax benefits. The results are reduced taxes,
through asset management and smart spending. Our methods
decrease chances of audits. In our bookkeeping practices,
financial management and reporting, it is our responsibility
to help foresee problems with income taxes, before they become
income tax problems.
Business & Financial
Solutions' tax clients spread across a wide variety of industries
in Montgomery County Maryland, the Washington DC Metropolitan
Area and 22 states. They include non-profit organizations,
entrepreneurs, venture capitalists, financial institutions,
contractors, professional services firms, real estate
owners, artists, entertainers, restaurateurs and developers
. We hold the necessary skills to maximize industry specific
profits across over 300 industries. BFS goes beyond those services
of the average CPA or Tax Firm.
Business
& Financial Solutions is located conveniently in the Washington,
DC Metro Area. However, our services are not restricted to
Washington, DC. We prepare tax returns for clients in 22 states
and the District of Columbia. Clients are individuals, companies,
estates non-profit organizations and corporations. Our sophisticated
back-end technology, and state of the art software, and systems,
allow us to communicate with our clients beyond conventional
manners which restrict most CPA firms. The company location,
in Rockville MD, is convenient to the offices of several Internal
Revenue Service Offices in Washington DC, Wheaton MD, and Baltimore
MD. Our IRS enrolled agents maintain an ongoing professional
relationship with the Internal Revenue Service. We are convenient,
in working with Internal Revenue Service agents. BFS tax preparers,
consultants and advisors are experienced in resolving multiple
tax issues as well as other accounting problems.
Offer
In Compromise.
BFS
tax services are designed to get results. Those clients with back tax problems
are simply looking for solutions. Those solutions may be through an "Offer
In Compromise" (OIC), or a "Tax Abatement". These are terms
commonly used by the IRS and state taxing authorities to compromise, or settle
a debt with the government, related to tax liabilities. Settlement for such
debts and liabilities must meet certain standards for the government. They
must also show where the settlement will be advantageous and equitable for
the government. Our job is to build a case for the client showing how the
compromise (OIC) would not only be of benefit to our client, but of benefit
to the government as well. In other words we have to show a win/win scenario
in resolutions to back taxes. The
Offer In Compromise (OIC) could literally save the client thousands of dollars
or more. While Tax Abatements do not provide nearly the relief, Tax Abatements
do provide substantial savings as well.
Business
& Financial Solutions offers multiple means by which clients can reach
a tax settlement. Such tax resolutions may reduce the amounts of taxes substantially.
When the Offer In Compromise (OIC) is not a practical solution, there are also
abatement of taxes that can reduce the amounts of tax liabilities. Other means
are also available in resolving tax liabilities, such as tax amnesty against
the tax penalties. Where there is a tax problem, Business and Financial Solutions
may be able to help
BFS
enrolled agents will represent its clients in cases with the IRS, including
audit representation for businesses and individuals. If we represent a client
during the audit, the client is not required to attend in many cases. In
fact, negotiations to resolve tax debts do not usually require client attendance.
Contact
us if you have back taxes, liens or levies. It is important to notify us
at the first notice of an "Intent to Levy". Time begins ticking
immediately. These notices are very time sensitive and the taxpayer has a
certain number of days to respond. The response date is not based on the
date the letter was received, but the date the letter was issued. Negotiations
should begin immediately to effect a resolution.
Our
Rockville office number is (240) 403-0845. or you may
email us at: info@bfswebsite.com.
A lien or levy does not have to be the end-all to your livelihood..
Visit
us in Rockville, Maryland
