TAX SERVICE: WE PROVIDE QUALITY SERVICE AT REASONABLE RATES (Washington, DC)

Maria Elena Lopez, Accountant. Preparation Service Prices Start at $50.00 "If you have tax problems, give us a call." I offer excellent representation and services including tax collection, bank levy, wage levy and seizure defense. I offer electronic tax preparation of: *990 non profit charitable taxes for 501(C)(3)'s; *1040 individual, self employment, household "nanny" taxes; *1041, 706 estate and trust taxes *1065 partnership and limited liability company taxes *1120 corporate taxes and sales taxes *Current, past years dating to 1983, secure old refunds *Amendments, IRS prepared returns, *Abatements, Remove old tax liens *Offers in Compromise and Payment Agreements *Tax and Accounting Audits, innocent & injured spouse *Research credits, expenses, deductions & capital gains Incorporation of businesses & charitable non profit organizations for child care centers, churches, etc 4416 Georgia Avenue NW, Washington DC 20011; (202) 882-0935. Fax: (202) 248-6169. Email: maelenalopez1@yahoo.com Business Services Bank Reconciliation Reconciling your business checking account each month allow us to keep your bank account, accounting, 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...