As a small business owner you have more important things to do than to keep your own books. We take care of your books for you, so you can get back to the job of running your business and generating profits.

Each month or quarter we'll do the following things for you...

• Reconcile your bank account

• Generate an income statement

• Generate a balance sheet

• Clean up your general ledger

• Provide unlimited consultations

These tasks form the solid foundation of your small business system. You can customize the package of services you receive by adding payroll, tax planning, tax preparation, or any of our other services.

Bank Reconciliation

Reconciling your business checking account each month allow us to keep your bank account and taxes up-to-date.

Having us reconcile your account each month allows you to...

Identify lost checks, lost deposits and unauthorized wire transactions.

Detect and prevent excess/unjustified bank charges and ensures transactions are posted correctly by your bank.

Detect and prevent embezzlement of funds from within your company.

Know how your business is doing? You can't really know unless all accounts are reconciled and properly accounted for on your financial statement.

Manage your cash more effectively. Proper management of funds not only saves money, it makes money for you.

Protect yourself. By timely reconciling and promptly objecting to your bank about any unauthorized, fraudulent or forged checks presented to your bank and paid by that bank, you can relieve your agency of responsibility for the shortfall and transfer the risk to the bank. This reason to reconcile alone should be enough. Crime exists.

Sleep Better. You will sleep more peacefully at night knowing your bank accounts are reconciled, in balance and that all escrow funds, accounts, checks and disbursed funds are properly accounted for.

Income Statement

An income statement, otherwise known as a profit and loss statement, basically adds an itemized list of all your revenues and subtracts an itemized list of all your expenses to come up with a profit or loss for the period.

An income statement allows you to...

• Track revenues and expenses so that you can determine the operating performance of your business.
• Determine what areas of your business are over-budget or under-budget.
• Identify specific items that are causing unexpected expenditures. Like phone, fax, mail, or supply expenses.
• Track dramatic increases in product returns or cost of goods sold as a percentage of sales.
• Determine your income tax liability.

Balance Sheet

A balance sheet gives you a snapshot of your business' financial condition at a specific moment in time.

A balance sheet helps you:

•  Quickly get a handle on the financial strength and capabilities of your business
•   Identify and analyze trends, particularly in the area of receivables and payables. For example, if your receivables cycle is   lengthening, maybe you can collect your receivables more aggressively
•   Determine if your business is in a position to expand
•   Determine if your business can easily handle the normal financial ebbs and flows of revenues and expenses
•  Determine if you need to take immediate steps to bolster cash reserves

determine if your business has been slowing down payables to forestall an inevitable cash shortage

Balance sheets, along with income statements, are the most basic elements in providing financial reporting to potential lenders such as banks, investors, and vendors who are considering how much credit to grant you.

Maintaining a Clean General Ledger

The general ledger is the core of your company's financial records. These records constitute the central "books" of your system. Since every transaction flows through the general ledger, a problem with your general ledger throws off all your books.

Having us review your general ledger system each month allows us to hunt down any discrepancies such as double billings or any unrecorded payments. Then we'll fix the discrepancies so your books are always accurate and kept in tip top shape.

Unlimited Consultations

We are always available to spend time with you so you fully understand how to interpret and utilize the financial information we provide. Our consultations are already included in our price, so please feel free to call us whenever you have a question or concern.

When it comes to paying employees, laws and the IRS have made the payroll function a time consuming nightmare for the small business owner.

Small business owners spend an average of eight hours a month performing payroll functions. That's 12 full days a year that could be spent generating sales, prospecting new business opportunities, improving products or services, or servicing customers.

We offer payroll solutions that meet your business's needs and enable you to spend time doing what you do best--running your company.

Why Outsource Your Payroll...

It's Cost Effective

Use your staff more efficiently by letting us handle payroll and the associated legal details. Reduce overhead by removing the need to hire specialized employees.

It's a Time Saver

Our payroll service eliminates the burden of customizing, updating and maintaining your own payroll system--no more data entry, no more researching updates or new laws, no more worries.

Worry Free Payroll Tax Filing

Eliminate the risks of calculating and filing your own payroll taxes by having professionals do it for you. Federal, state and local payroll tax laws are frequently changing and becoming more complex. How much time do you want to spend learning all the rules and keeping your information up to date?

Allows You To Focus On Core Competencies 

Our professional staff allow you to focus on the core competencies of your business. We are professionals--you get the experts working for you and with you.

Comprehensive Reports

You get a wide variety of user-friendly and accurate payroll reports. For a nominal fee, we will include union reports, certified payroll, workers' compensation reports and much more.

Get the Payroll Solution That Best Fits Your Needs.

We know that when it comes to payroll service - no one size fits all. That's why we offer the following 3 custom payroll processing options.

1. Comprehensive Payroll Services

Our Comprehensive Payroll Service takes care of all of the payroll processing for you, so that you won't have to. You get...

• Your payroll checks prepared and printed on-time, every-time
• All of your payroll checks are laser printed on "blank" check stock to ensure maximum security and meet the micro encoding standards as set forth by the Federal Reserve System
• Free Direct Deposits
• Worry Free IRS and State tax reporting as well as EFTPS tax deposits
• User friendly, and easy to understand monthly, quarterly, and annual payroll tax reports, including W-2, W-3 and 1099 forms
• Detailed reports on your employee's vacation, sick days, and personal days accruals
• Creation and filing of the required new hire reports
• Your payroll records maintained in tip top shape

2. After-the-Fact-Payroll Services

We will take your manually-prepared payroll records and other payroll information and post this information to our data files, so you get...

• Worry Free IRS and State tax reporting as well as EFTPS tax deposits
• User friendly, and easy to understand monthly, quarterly, and annual payroll tax reports, including W-2, W-3 and 1099 forms
• Detailed reports on your employee's vacation, sick days, and personal days accruals
• Creation and filing of the required new hire reports
• Your payroll records maintained in tip top shape

3. Online Payroll Processing

You can enter your employee's hours and earnings securely online and get...

• The ability to instantly print payroll checks on your own printer
• Free Direct Deposits
• Worry Free IRS and State tax reporting as well as EFTPS tax deposits
• User friendly, and easy to understand monthly, quarterly, and annual payroll tax reports, including W-2, W-3 and 1099 forms
• Detailed reports on your employee's vacation, sick days, and personal days accruals
• Creation and filing of the required new hire reports
• Your payroll records maintained in tip top shape

Custom Payroll Reports Service

There seems to be an endless amount of special reports Government agencies require. We can prepare the following reports for you.

• Worker's Compensation Audits
• Unemployment Claims
• Social Security Audits
• Child Support Audits
• W-2 and W-3 processing
• 1099 and 1096 processing
• Preparation/assistance with Federal and State registration forms

How much do we charge?

In order to give you an accurate price for our payroll services we need to know a little more about your business and what services you're interested in. Our prices are very affordable.

Grow your revenue by partnering with tax and bookkeeping experts!

What is Bookkeeping & Tax Express?

Bookkeeping & Tax Express partners with independent business owners just like you so you can make more money by offering your existing customers with a service they already need – Tax Preparation and Bookkeeping Services.

We have over 40 years of proven expertise that we are ready to put to work for YOU!

Let us show you how our services can help improve your bottom line!

No Out of Pocket Expenses

No Experience Necessary

No Additional Costs

No License Required

No Additional Real Estate

No Lease/Location Expense

We have over 40 years of experience that we are ready to put to work for you.

Thinking of owning your own business?

Opening your own business is exciting and thrilling. It's everything that comes after the excitement and thrill has worn off that dictates whether a small business will make it or not. It's up to you to maintain and stretch out the "thrill and excitement" period forever.

A methodical plan of action is needed to fulfill your dream or goal of being your own boss and running a successful business. Success lies in the approach you choose to take. We help you avoid the common pitfalls that many new small business owners make when starting their new venture.

We help you...

1. Prepare an initial business plan to clarify your marketing, management, and financial plans.
2. Determine your start-up capital needs.
3. Identify sources of start-up capital and backup sources if needed.
4. Evaluate and quantify your borrowing power so you know how much money you can get your hands on if needed.
5. Select a business structure that best fits your needs by evaluating tax advantages, legal exposure, ease of operation and portability should you need to relocate.
6. Select the right accounting software by evaluating your budget, needs and hardware.
7. Prepare a Cash Flow Budget so you know exactly how much money you need to keep the business alive each month for the first few years. Unplanned cash requirements are always emotionally painful.
8. Establish billing and collection procedures to maximize your cash flow.
9. Establish procedures to monitor and control costs.
10. Setup a home office so you can maximize your tax deductions.
11. Prepare and file all required state and local licenses and permits.
12. Prepare and file your application for your Federal Employer Identification Number.
13. Provide payroll and payroll tax filing when you bring on your first employee.
14. Comply with employment laws so you don't get hit with fines and unhappy employees.
15. Identify your business insurance needs.

Develop a solid Partnership Agreement. This is an extremely important document for all new partnerships and will help prevent a tremendous amount of financial and emotional problems down the road.

Let us help you succeed by getting your new business off to a good strong start. Please complete the form below to learn more about our New Business Formation Services.

Bookkeeping and Tax Advice for Individuals and Small Businesses in the Dallas, Texas area looking for someone to trust!

We specialize in helping our clients get the highest refund back or pay the lowest tax liability. We work for our clients and protect them from the IRS.

Here is the truth: The IRS and the government would love to have more of your hard earned money to pay their debts. However, we want to help make sure you take advantage of all your deductions and expenses so you can keep more of that hard earned money in your pocket.

Here is what a few of our clients have had to say:

“Peggy's Bookkeeping & Tax Service has been open as long as I can remember in my adult years. If you want to get every penny you can when getting a refund, come here. If it's your time to pay Sharon & her employees will make sure you are getting the best results for your tax return. Good ole fashioned professional, friendly service with a comfortable waiting area with T.V. plus privacy when it's your time to discuss your return. Try this business. Nothing to lose; whatever's yours to gain.”

- Charlotte F.

"I would trust no other with something as personal as my income taxes. I have been going to Peggy's eight years and have had my sister go, also. When I leave their office, I leave with the assurance that my taxes have been filed correctly and I don't have to worry about it."

- Frances J.

"I have been using you since 1991. I always receive the most accurate service and personal touches. Honest and know the rules and laws and follow them."

- Deborah H.

Dear Friend,

            Running a small business and trying to keep up with all the tax regulations and new IRS codes is no joke. Mess this up and you’ll have to pay big penalties, not to mention possibly suffer through a business ending IRS audit!

Let me introduce myself. My name is Anita Molidina, EA and I run my own small business, too. However, in my business I specialize in knowing the VERY complex tax code we are all required by law to follow. Yes, understanding how to properly send (or receive) money to Uncle Sam by filling out certain specific forms at certain specific times is an ugly business, but someone’s gotta do it!

Truth be told, I actually LOVE helping regular middle to higher income folks minimize tax dollars so you keep more of YOUR money in your pocket! Plus, I really enjoy giving taxpayers real peace of mind, especially small business owners who have to deal with taxes year round, not just on April 15th! You should not have to live or run your business with the constant distraction of Uncle Sam looking over your shoulder month after month after month….

TAXES … Not Much Fun Dealing With The IRS Alone!

New Tax Laws and Regulations … Compliance Issues …Local, State and Federal Taxes … Quarterly Estimated Taxes … Payroll Taxes …Sales Tax … Unemployment Taxes … Personal Property Taxes … Personal and Business Tax Returns …and on and on – WHAT A BUREAUCRATIC MESS!

Hey, I know you are busy! Your business never seems to stop. You take your biz home with you, it calls you on your cell phone during “off hours” and when you’re actually trying to take a vacation with your family, you still have to excuse yourself at various times to handle the “emergency” of the week!

Running a small business month-in and month-out is an uphill battle. Gotta get the revenue up and make a few more sales this week … and next. Employees are fighting with each other over the same ol’ junk. They don’t want to take the blame for a problem and your customers are upset, which means it all comes back on you – the owner. Since you’re not some huge company, you have your hands in just about everything in your business. You are a “Jack-Of All-Trades” out of necessity, not because you want to.

I bet no one told you when you started your business, KEEPING YOUR HEAD ABOVE WATER AND MAKING A LIVING WOULD BE THIS HARD! Well, not to add salt to an open wound, but it has been my experience that 9 out of 10 small business owners also underestimate (some grossly underestimate) the time, attention-to-detail and expert knowledge it takes to keep up with TAX ESTIMATES, REPORTING, various QUARTERLY and ANNUAL TAX FILINGS and getting accurate MONTHLY RECORD KEEPING so you actually know what’s going on in your business!

STOP!

“OK, Already – My Life And TAXES Are Too Overwhelming To Think About All At One Time … Can You Give Me A Few Small Business Survival Tax Tips To Help Me When Filing My Tax Return This Year?”

Absolutely!

Since you took the time to ask for this Special Free Report, I want to let the cat out of the bag and share with you a few tax tips so by the end of the year, you’ll be able to NET more money in your small business!

Here are “7 Secrets” to help you increase your profits this year:

SECRET TAX TIP #1

“MERP” Offers Tax Benefits For Your Medical Expenses!

In order to get the full benefit from your medical expenses establish a medical expense reimbursement plan (“MERP”). Generally, taxpayers who itemize their deductions can take a deduction for their medical expenses to the extent that the expenses are greater than 7.5% of their adjusted gross income. Taxpayers who do not itemize get no deduction. With a MERP taxpayers can take a dollar-for-dollar deduction whether or not they itemize for their medical care expenditures.

A great tip for keeping track of your medical expenses: Since most people do a really poor job of tracking these kinds of expenses and in most cases are unable to get their hands on this information when tax time comes around, do yourself a favor right now. Go into your storage closet, a kitchen drawer or wherever you keep file folders (if you don’t have any, a short trip to Office Depot or Staples today will do the trick) … then mark “Medical Expenses” on one for these folders. Put this folder in the nearest drawer to your kitchen phone. Now EVERY time you spend any money related to your medical care (even if you are not sure it could be deductible or not), put the receipt in the folder. You will be glad you did next tax season. The money you save in paying less in taxes will be a great incentive all by itself!

SECRET TAX TIP #2

“SIMPLE” Plan Offers Even More Tax Savings Than Regular IRA!

Establish a SIMPLE IRA to boost your tax benefits from your retirement account. Like an IRA, you can reduce your taxable income dollar-for-dollar for the amount you contribute to a SIMPLE plan. A SIMPLE plan, however, comes with the added advantage over a tradition IRA of allowing a taxpayer to contribute even more money. A Taxpayer can contribute up to $10,500 (2007) in a SIMPLE plan, as compared with the $4000 limit for a traditional IRA.

Hey, this is a BIG difference! We’re talking about thousands of dollars more each year – tax free! And as my dad used to say, “Give first, then SAVE for retirement and then pay your bills each month … do this all of your life and wisdom will follow you until the end.” Yes, it IS wise to consistently sock money away, especially tax free! And since the IRS gives you a great incentive to do so, might as well take them up on their offer …

SECRET TAX TIP #3

How to AVOID Capital Gains … Legally!

Do a 1031 Exchange to avoid all tax on capital gains when you sell property. A 1031 exchange allows you to relinquish property you hold for business or investment use for property of a like kind tax-free. You do not even have to trade one property for the other at the same time.

With Real Estate investing so hot right now, 1031 Exchanges are a critical part of the available strategic tax savings opportunities. Remember “Buy low, sell high?” Everyone knows that old saying in their head, but with the shaking of housing prices and with many parts of the country’s real estate going down in value fast, many people have become scared and fearful.

Truthfully, your reaction should be the exact opposite. What an unbelievably great time to BUY real estate! The real estate market this year and next might never get this low again. So go take a good look around your area, find the best investment opportunities and plan on taking full advantage of the 1031 Exchange laws so you can avoid paying these capital gains taxes legally!

SECRET TAX TIP #4

Even Small Deductions Can Add Up To Big Tax Savings!

Don’t forget the “de minimis” fringe benefits for maximum tax savings. Did you know that the tax code allows you to deduct for things such as (a) tickets to theatres and sporting events, (b) cocktail parties for employees and guests and (c) the holiday gifts you give? Although these expenditures may not seem large, they can really add up!

Again, the reason most American’s do not take advantage of these kinds of “tax breaks” is they do not have a simple system to follow. No, I did NOT say complex. If tracking your tax deductions throughout the year is complicated, you won’t do it. So choose any system you want, just make sure it is right for you, your lifestyle and your personality. If you are a detailed person who likes to track expenses and you love technology gadgets, then you’ll go about choosing a monthly tax deductions organizer differently than someone who has a hard time balancing their check book.

The problem is not the system you choose. The problem is continuing to believe a bunch of little deductions will not add up to big tax savings. They do and if you need to throw a wad of cash down your toilet this month to help you experience the pain wasting money, please do so. But, if you rather not, then start tracking those tax deductions and watch the net gain back to you add up big time come tax time!

SECRET TAX TIP #5

“EAP” Offers Tax Relief Through Your Employees!

Use an Education Assistance Plan (“EAP’) to get a $5,250 deduction per employee and reimburse your employees for their college education expenses. With an EAP you can also take the same deduction and help pay for your child’s education.

Look, this is definitely a win / win proposition. The people who work for you and represent your business get more education and you get to write off for over $5,000 per employee! And what is the down side? Well, what if your employees need more education and you need more tax deductions? If you don’t use a EAP, sounds like to me you are in for a double whammy!

SECRET TAX TIP #6

Avoid Extra Tax With A Wise Business Purchasing Plan!

Avoid the dreaded Alternative Minimum Tax by postponing purchases of depreciable assets or leasing rather than purchasing depreciable assets in years when you have high income and itemized deductions. The alternative minimum tax is calculated by adding to your alternative minimum tax base any accelerated depreciation taken in a tax year.

Most busy business owners are not paying attention to the tax consequences and real money saving ramifications of their purchases. In many cases, armed with up-to-date sales and revenue figures (especially 6 or 8 months into the year) you can properly plan when the best time would be to purchase that next “big thing” you need to run your business. And again, in most cases, you can wait a couple of months and buy after the first of the year or in other cases, spend the money before December 31st. Hey, on large purchases, it really does make a huge difference on your tax return!

SECRET TAX TIP #7

Defer Taxes Owed By Following The Installment Sales Rules

Use the Installment Sales rules to defer the tax you have to pay when you sell property by structuring your transactions so that you receive payments from the sale in more than one year. For example, if your gain on the sale of property would be $40,000, you would owe tax on only half of that amount if you arranged to receive only half of the cash for the sale this year.

Too often, greed sets in and people want to get paid all up front. But, if a deal is structured properly, getting paid some now and some over the next couple of years tends to dramatically help on the tax side of things. Now of course, you don’t know what is going to happen with your financial picture in the future, but you might as well defer as many tax dollars as possible now and make other adjustments with future money in those coming years. If given a choice, most of us would choose to give Uncle Sam his money later rather than earlier.

Now, those are 7 STRATEGIC ways you can benefit from the existing tax code and increase your profits this year. But obviously there are thousands more tax savings strategies available. Depending on your specific tax situation, you can use them all (if they apply) if you wanted to.

However, THAT’S the issue – “IF” and “WHICH ONES” apply to your situation? This is where I come in and can help. Most people truly do need a professional so that’s why I’m going to make you an offer you can’t refuse …

FREE 33-Minute Tax Consulting

Time & Money Saving Review

Let’s don’t beat around the bush here. If you are seriously looking for a tax expert to help you with your individual or business tax returns, I or one of my professional tax preparers in my office will be happy to meet with you. In just one meeting -- with no cost or obligation on your part -- we will show you how much money and time (not to mention the hassle) we’ll be able save you on your taxes!

You get to see, first hand, if you feel comfortable with me and my staff and if we are a good fit for each other. I’ll share my ideas, insights and possible tax strategies with you, which will be very beneficial for your specific situation. I’ve found out from past experience, giving you a free, no-risk way to come into my office and “kick the tires” is the best way to start the relationship. If for some reason you are not comfortable with how we operate our tax business, you are free to say no thanks – no hard feelings.

 “Hidden Costs” vs. Price

I’ve found out the hard way it is a big mistake to try and “blind quote” and give a new client an estimate for work we think we are going to do. Many times once we look at everything, we find out later your tax situation is more involved than anticipated. Since we won’t have a good idea of how much tax work will be required until we meet, let’s cross that fee bridge when we get there. We are not some ridiculously high priced tax firm. We are in the middle of the road somewhere when it comes to price, but we’re “HIGH” on the Best Tax Firm’s List when it comes to providing Top Level Peace Of Mind Value for our clients!

Finally, I’d like to make one last comment on this topic of price before we move on. There are HIDDEN COSTS involved in hiring a cheap and not-so-qualified tax practitioner to help you deal with the IRS and all of your tax related obligations. These costs are ugly when they occur, too. BIG Penalties & Cash-Sucking Interest … and many times Multiple Years of BACK TAXES you had no idea you owed … plus your time and energy involved in dealing with this kind of IRS crisis – from Day 1, until months and years later on when (if) it ends. I’ve seen this type of business ending catastrophe happen. It is awful.

BOTTOM LINE: It’s just not worth it.

You lose your life to this tax burden … a constant distraction, and in the end (when the IRS agents leave or stop calling and your cash is wiped out)…

Most Businesses Do NOT Recover!

This is why you should get a real tax PROFESSIONAL to help you now, so your name and your business don’t get tossed in the delinquent IRS payment graveyard like so many others found themselves in by “being cheap” – hiring someone who could help them with their taxes or monthly bookkeeping at a lower price, but in the end, the unsuspecting small business owner trying to save some money, got slammed with hidden costs no one ever told them about or to even to be on the lookout for!

The old adage is true. Two things are for sure in life – Death and Taxes. However, if you hire the right tax firm to help you deal with your ongoing IRS obligations, TAXES WON’T BE WHAT KILLS YOU!

What To Do Next:

The ball is in your court. Depending on how fast you’d like to move forward in resolving your tax related needs, you can take action in one or more of the following options: [WARNING: Limited Free Consultation Appointments available for New Clients – Time Slots Filled on a First Come, First Serve basis.]

1) Go online www.peggys-tax.com and get more information about me, my staff and our tax business. Our website has a more detailed list of the tax related items to bring if you want to expedite the process and have us get to work on your taxes as soon as possible. You can also email us at info@peggys-tax.com with any questions or best appointment times for your schedule. If you prefer faxing, our Priority Fax Line is (972)2851030.

2) To reach someone in our tax office directly, call our office during normal business hours at (972)285-1030. If we are busy and unable to answer the phone immediately, please leave us your name and number and the best time to call you right back. Since preparing taxes is a SERVICE business, we really want to hear your voice and eventually meet you in person. So thank you in advance for letting us help you with your tax situation!

Because our office stays very busy helping our existing tax clients, we must LIMIT the number of new clients we accept. (Hey, if we had more than 24 hours in a day, we’d be able to accept more.) But for now, ONLY 9 New Client Free Consultations are available over the next 21 days. If you are interested in speaking with me or another professional on staff, now is the time to contact our office so we can work out an appointment that’s best for both of us.

We really do NOT want you to feel any more pain or frustration or lose any more sleep over your tax situation or dealing with the IRS. We are in the business of helping you sleep like a baby, never having to worry about your taxes again. And not just this year, but EVERY year!

All the best to you and your family. I look forward to our meeting.

Sincerely,

Anita Molidina, EA