For small businesses
We offer the following services:
Accounting and Bookkeeping
Income Tax Preparation for Individuals and Small Businesses
Charitable Organization Financial and Tax Reporting
QuickBooks Software Installation and Support
Payroll and sales tax filings
Resolution of IRS Problems
Business entity selection
Tax planning & return preparation
Estates, trusts & gift
Taxing authority representation
Tax planning and preparation form a winning combination for our successful individual and business clients. Whether you are an individual or a multi-tiered partnership, we can develop tax strategies that take advantage of new tax laws and legislation.
Meaningful, well-organized financial records ensure that your business operations run more efficiently on a daily, weekly and monthly basis. We provide a range of cost effective accounting services including the following:
General ledger & financial statement preparation
Accounting system setup for new businesses
Computerized payroll services
Business tax return preparation (Sales & Use/Business Property)
Personal financial statements
Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis and are the foundation of a successful business. We can assist you with the day-to-day tasks associated with bookkeeping.
We can assist you in the preparation of your financial statements in accordance with professional standards, but express no opinion or any other form of assurance on the underlying information included in them. The financial statements produced can be a useful tool for management for making financial decisions.
We can ensure you and your business are being properly represented before the various federal and state tax agencies.
We can help new businesses set up QuickBooks to optimize its use for management and tax-related purposes. We also work with many small and growing businesses that are setting up QuickBooks for the first time.
Colleen McDermott is an Enrolled Agent with more than 29 years of tax and accounting expertise. She has worked with hundreds of small businesses and prepared thousands of individual tax returns.
What is an Enrolled Agent?
Enrolled agents (EAs) are America’s Tax Experts. EAs are the only federally licensed tax practitioners who specialize in taxation and also have unlimited rights to represent taxpayers before the IRS. An Enrolled Agent (EA) is an individual who has demonstrated technical competence in the field of taxation. Enrolled Agents, or EAs, can represent taxpayers before all administrative levels of the Internal Revenue Service and state taxing authorities.
What does the term “Enrolled Agent” mean?
“Enrolled” means EAs are licensed by the US Treasury Department. “Agent” means EAs are authorized to appear in place of the taxpayer at the Internal Revenue Service. Only EAs, attorneys, CPAs, and enrolled actuaries may represent taxpayers before the IRS. The Enrolled Agent profession dates back to 1884 when, after questionable claims had been presented for Civil War losses, Congress acted to regulate persons who represented citizens in their dealings with the Treasury Department.
What are the differences between EAs and other tax professionals?
Only Enrolled Agents are required to demonstrate to the Internal Revenue Service their competence in matters of taxation before they may represent a taxpayer before the IRS. Unlike attorneys and CPAs who may or may not choose to specialize in taxes, all EAs specialize in taxation. EAs are the only taxpayer representatives who receive their right to practice from the United States Treasury. (CPAs and attorneys are licensed by the states.)
Are Enrolled Agents bound by any ethical standards?
EAs are required to abide by the provisions of the US Treasury Department Circular 230. EAs found to be in violation of the provisions contained in Circular 230 may be suspended or disbarred.
What are the benefits of EAs for small businesses?
EAs provide tax representation and preparation services for individuals, sole proprietorships, partnerships, corporations, estates, trusts, and any entities with tax-reporting requirements. EAs prepare millions of tax returns each year. The EAs’ expertise in the continually changing field of tax law enables them to effectively represent taxpayers who are audited by the IRS or who owe taxes to the IRS.
Tax & Accounting Services, Inc.
New Office Location (effective October 31, 2018):
2500 Main St, Unit 112, Tewksbury, MA 01876
Tel: 781-935-9618(office) 781-281-9620 (cell)
For any general inquiries, please fill in the following contact form: