TaxMasters, Inc. (OTCBB: TAXS) – Death and Taxes – TaxMasters Conquers One the Two Inevitables in Life
TaxMasters, Inc. (OTCBB: TAXS)
How important is a good business model? It’s crucial for competition.
How important is having a strong demand for your service? It’s essential to success.
How important is great timing? It’s everything in business.
How important is fundamental cash flow? It’s the air a business breathes.
How important is a professional staff? The difference between success and failure.
In a nutshell — TaxMasters has got it all. I am completely blown away by their revenue.
Let’s start there.
Revenues for the three months ended September 30, 2009 increased by $236,759, or 3.0%, from $7,975,655 for the three months end September 30, 2008 to $8,212,414 for the same period in 2009. This increase in sales was due to increased sales volume attributable to an increase in advertising expense.
Increasing revenue as ALWAYS good. But let’s just look at the revenue for a minute. That’s $8M in a quarter.
You have seen these guys if you watch the evening news on cable. They are all over the place.
This is not just a good company with a good plan. TaxMasters represents an incredible investment vehicle for shareholders in a field where the demand is huge and the competition is disorganized and fragmented.
They are soliciting business on national television. They have an ongoing PROFESSIONAL TEAM in PLACE.
TaxMasters SOLVE YOUR TAX PROBLEMS. Talk about a business where there is national, broad based demand; this is it.
TaxMasters provide a full scope of services for taxpayers with matters at the Internal Revenue Service (“IRS”), especially the resolution of disputes and assessments and the settlement of tax liabilities.
Tax professionals on staff include:
- Tax attorneys
- Certified Public Accountants
- Former IRS agents
- Licensed Tax Preparers
- Other tax professionals authorized to practice before the IRS
There is an estimated $184B in uncollected federal income tax. The IRS has not trouble looking for potential targets.
Jobs are suffering, still. No one disputes that. Paying taxes is getting harder for Americans, NOT EASIER.
TaxMasters targets potential clients through the media and with an effective internet site. In its June 2007 report, Tax Debt Collection the GAO states that the total unpaid tax debt as of fiscal year 2007 was $290.1 billion.
Any forward-looking statements, as defined in the Securities Exchange Act of 1934, in this release (often identified by such words as “believes,” “expects,” “beginning,” “intended,” “planned”) regarding future expectations, objectives, and plans for TaxMasters, Inc. are based on opinions and estimates of management at the time the statement was made. Various known and unknown factors may cause actual results to be materially different from the expected outcomes. TaxMasters, Inc. does not, as a matter of policy, update or revise forward-looking statements. Actual results may vary materially.
Disclosure: Pentony Enterprises LLC is STOCKGURU.COM, SHAREHOLDERVISION.COM and STREETRESEARCH.COM. 9555 Lebanon Road; Suite 103; Frisco, Texas 75035. (469) 252-3030. Disclosure for TAXS: Pentony Enterprises LLC expects to be compensated a total of twenty thousand shares and five thousand dollars from a non-affiliated third party for our coverage of TAXS. Pentony Enterprises is not a registered investment adviser or a broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk.
