Tax, Accounting, and Other Services

Accounting Services

Bookkeeping

Complete bookkeeping services for small businesses

Timely, efficient bookkeeping services are available for businesses of all sizes. Computerized accounts are prepared, saved and presented for client review on a quarterly, monthly, and/or annual basis.

Budgeting and forecasting support are also available. We support all major accounting programs including Quickbooks and Peachtree.

Financial Statements

Monthly, quarterly and year-end balance sheet and operating statements are prepared accurately and timely for a broad range of small business clients.

Financial statement preparation for small business clients is a long-standing service of Master Tax Services LI LLC.

Depending on the client's needs, monthly, quarterly and year-end balance sheet and detailed operating statements can be prepared and analyzed on a timely basis. The state-of-the-art accounting software used in our office can provide helpful comparisons and calculations for effective, practical business analysis.

Payroll Services

Total payroll services for small business clients have been provided for many years.

Services include: Set up and maintenance of all records, time card tabulations, withholdings of tax and benefit contributions, Federal and State tax filings, issuance of checks and preparation of all W-2's and 1099 forms.

Call Master Tax Services LI LLC today to speak to our Certified Public Accountants. We usually respond to most calls and emails within 1-2 emails.

Other Services

Business Valuations

Establishing the proper value of a small business.

We specialize in a multi-dimensional approach to valuing small business for purchase or sale. We also value businesses for buy-sell agreements and for insurance purposes.

Financial Planning

Full service financial planning for future goals.

Whether planning for retirement or for a child's college education, financial planning is the cornerstone for meeting your goal. We help individual and business clients with a full array of planning tools. Our planning also incorporates tax and estate planning.

Tax Preparation Services

Business Tax Returns

A variety of small business tax returns are prepared each year.

Small business tax return preparation and filing instructions is a core service offered to our clients. Whether your company is a C corporation, S Corp, Limited Liability Company, Partnership or Sole Proprietor a properly prepared tax return can be filed to minimize the tax owed.

Over the years, 100's of small business Federal and State tax returns have been prepared for both service and manufacturing company clients.

Individuals

Tax returns and filing instructions have been prepared for 1000's of individual clients each year.

A core specialty is the preparation of tax returns for individual taxpayers. Over the years literally 1000's of Federal and State returns have been prepared and filed.

Tax Planning

Long term, annual and mid-year tax planning and tax forecasting services.

Tax planning and tax forecasting services for individual and small business clients is a core competency of the firm. Effective tax minimization begins with long-term tax strategizing to establish overall objectives and is maintained with conscientious and consistent annual tax forecasting and mid-year tax planning.