Services
If you’re looking for a firm that will focus on your individual needs, and always treat you like a client who matters, look no further. Our firm is large enough to offer a full range of professional services, but small enough to give you the individual attention that you deserve.
We will thoroughly and conscientiously study your personal situation, and tailor our advice to your specific needs.
Audits, Reviews, and Compilations
Our audit, review and compilation capabilities are a core part of our services. We tailor each process to the unique needs of your business. We deliver financial statements and reports that are clear, concise and acceptable to all outside parties and that can provide information and insight to help you run your business more effectively. We will work closely with you and your key employees to develop and execute a plan to complete this work by minimizing employee time spent on the process and without disrupting operations.
Monthly Ongoing Bookkeeping
Focus on “Your” business, not the tasks that don’t generate revenue. Do what you do best and we will do the rest.
Here at M&R Tax Professionals, we provide bookkeeping services for individuals and businesses – regardless of the size of business. We will maintain your company’s accounting records and keep them up to date.
Business Consulting
As a true business partner, we are available to help you deal with any business problem or opportunity. We stand ready to engage in business consulting projects to help you make the right decisions for the future of your business. Whether you face questions related to expanding, selling or restructuring your business, we have the necessary business acumen and analytical capabilities to help you make the right decisions.
Business Entity Selection
The business entity—LLP, LLC, sole proprietorship, partnership, corporation, etc.— that you select for your business has enormous financial and tax implications. It is important that you make the right decision. We can explain each choice and its implications. As your business grows and changes, the type of business entity you choose may need to change also.
Business Taxes
- Sole Proprietorship
- 1120-C Corporation Returns
- 1120-S Sub Chapter S Returns
- All State Tax Preparation
- 1065 Partnership Returns
- 990 Exempt Organization
- E-Filing
Business Startup
- Incorporating an LLC, Sub Chapter S, or 1120 S, or Full C Corporation
- Provide all legal documents for the corporation
- Filing for Non-Profit Status – form 1023-EZ
- Sole Propitorship
Starting your own new business can be frightening. Let us ease the anxiety by starting you off on the right foot. We will help you determine what entity form your new venture should be, as well as the various tax preparation requirements for your operations.
We will assist in setting up your new business with the Texas Secretary of State, obtaining an Employer Identification Number (EIN) with the IRS, and filing the proper entity forms as necessary. We will also go over the need for keeping proper records and the best ways to do so.
Estate & Trust Tax Preparation
Estate matters affect everyone. By taking proactive steps today, you can ease the way for your heirs during a very difficult time. We can work with your legal counsel to help you to structure your estate and trusts to minimize taxes and ensure the smooth transition to your heirs. We are available to handle all estate and trust tax-related matters.
Financial Analysis
When a business is able to undertake strong financial analysis, it opens up new opportunities to improve management, planning and decision making. Financial analysis provides the numbers to support, reject or contemplate a course of action. Prospective analysis can show how situations may evolve under various scenarios, providing a new dimension to decision making. We are ready to provide this type of financial analysis to support the continued prosperity of your business.
Financial Statements
Financial statements are an important tool for management decision making. Financial statements also represent your business to lenders, partners, potential buyers and other interested parties. We will work closely with your key personnel to develop and finalize accurate and timely financial statements.
IRS Representation
An IRS audit can be an intimidating and complex process. If you or your business face an IRS audit, we can bring to bear years of experience in dealing with tax matters and IRS audit procedures to ensure that you are properly represented when dealing with the IRS and other tax authorities.
Management Advisory Services
Our Management Advisory Services focus on improving the efficiency and effectiveness of your business and its operations. We can provide support in business planning, mergers, acquisitions, and other advisory support. Contact our office to learn about the full range of services we provide.
Notary Public
A notary public can help you to handle various business matters, including witnessing and authenticating document execution and signatures. We offer Notary Public services and are available when you need us.
Payroll Services
M&R Tax Professionals are highly qualified to do your small business payroll needs. We can manage all the necessary payroll functions in order to meet all state and federal laws.
We stay in compliance with all the laws:
- Federal
- State
- Local
- County
- City
Full Service Payroll Services
- Run unlimited payrolls
- Handle Direct Deposits
- W2’s and 1099’s
- Pay 1099 Individual Contractors
- Payroll Reports
Payroll Tax Filing
Yep, we do that also! Let us handle the payroll taxes for you, while you worry about running your business.
Payroll Reports
We can file the necessary reports such as the quarterly and year end reports for you. As well, W2’s and 1099’s are created at years end also.
Retirement Planning
Retirement planning is critical in these uncertain times. Whether you are developing a retirement plan for yourself or choosing a retirement plan to offer to your employees, we can help you evaluate the available options. Our focus is on helping you to make the choice that is most appropriate for your own financial situation. If you are choosing a retirement plan for your business, we will base our recommendations on the unique characteristics of your business and your employee population, as well as the legal and compliance issues related to each type of plan.
Sales Tax Services
State and local tax authorities are looking to maximize sales tax collections. We can help you understand and manage your sales tax obligations and prepare sales tax returns in an efficient and timely manner.
Individual Taxes
Effective tax preparation and planning can help you to minimize your future tax liability. We can help you proactively manage both your personal and your business tax issues, including understanding how upcoming business opportunities impact your tax status and vice versa. Not all tax planning opportunities are readily apparent. By having us on your team, you are more likely to benefit from those opportunities. We understand how the latest federal, state and local tax legislation and other developments affect you and your business and we are constantly identifying new ways to reduce federal, state or local tax liabilities.
- 1040 & 1040NR Tax return
- All state tax returns
- 1041 Fiduciary (Trust), 706 Estate and 709 Gift Tax, 1065 Partnership Returns
- Prior year tax filings
- Comparison of prior year tax filings
- IRS Representation
- Amended Tax Returns
- E – Filing
Taking the Stress Out of Preparing Your Taxes
Preparing, filing, or amending your taxes can be a stressful process. With so many details to look after, it’s often difficult to be sure that you’ve covered your bases. Failing to do so can lead to serious problems with the IRS, making the process even more daunting.