When people were informed that G.O.P candidate Mitt Romney’s federal income tax rate was close to 15%, immediately they gasped wondering how his can be so low while their own rate was higher. The fact that is top marginal rate is 35 percent whereas married couple with $70,000 of taxable income is 25 percent. Hence why more than 60% of Americans have professionals do their tax returns because the tax code can be so complicated.
Having been employed as a C.P.A. in Florida for many years, I can attest that revenue is seasonal to say the least. In the office before the sun rises, curtailed lunches normally at your desk and commuting home with little or no traffic since rush hour ended hours before you have had a chance to leave the office. It comes to no surprise why a penny stock, in the industry of filing taxes and assisting both individuals and corporations of various sizes, is in the headlines now.
TaxMasters, Inc. (OTC PINK: TAXS)
TaxMasters, Inc. is a countrywide provider of tax consulting services which include a complete suite of compliance and repayment services. TaxMasters decided to “strike while the iron is hot” and launched an initiative to optimize the internet marketing campaigns of its tax services nationwide. TaxMasters currently has clients across the U.S. and the their internet marketing strategy consists of pay-per-click advertising that is geographically targeted. TaxMasters, as of now, is launching a full marketing assult to optimize its internet advertising budget by examining in which cities and states it is receiving the maximum revenue dollars per customer and performing other similar analysis. Once TaxMasters shifts its ad-dollars accordingly to more heavily target geographic areas where demand is highest, revenue will be maximized.
Servicing the growing needs of tax filing and consulting for hundreds of millions of U.S. taxpayers, TaxMasters, Inc. is the first publicly traded tax representation firm in the U.S. TaxMasters, started by Patrick R. Cox in 2001, has been featured numerous times on Fox Business channel, CNBC, and a number of nationwide news channels in interviews detailing the services provided to taxpayers across the country facing seemingly insurmountable tax problems and substantial federal tax debt.
Tax services provided by TaxMasters include IRS consultations, tax return preparation, settlement analysis, assistance with IRS automated collections, revenue officer involvement and collection due process. Understanding the industry quite well and having been a tax preparer prior to Windows launch of Windows 95, a typical tax return can take about the same time it would to change the oil in your car. As easy as it may be, its Latin to most which is why the seasonal revenue for TaxMasters with their optimization of advertisement could prove beneficial for both customers and penny stock traders.
Based in Houston, Texas, TaxMasters’s stock is traded under the symbol TAXS on the PINK SHEETS Exchange and has 306 listed full time employees.
|Trading Symbol:||OTC PINK: TAXS|
|Volume (Jan. 19, 2012):||1,053,310|
|Avg Vol (3 month):||6,145|
|Avg Vol (10 day):||18,071|
|Total Cash (mrq):||$1.46M|
|Shares Outstanding:||140.70 million shares|
|Float:||11.86 million shares|
|Contact Information:||900 Town & Country Lane
Houston, TX 77024
|Investor/Analyst inquiries:||DeWayne Logan
|Profitability Margin (ttm)||-5.93%|
|Operating Margin (ttm):||-5.19%|
|Return On Assets (ttm):||-8.01%|
|Revenue Per Share (ttm):||0.24|
|Qtrly Revenue Growth (yoy):||13.90%|
|Operating Cash Flow (ttm):||-$1.11M|
|Levered Free Cash Flow(ttm):||-$886.20K|
TaxMasters, Inc. (OTC PINK: TAXS) opening price in the stock market today was $0.16. Closing price in the stock market today was $0.19, up 18.75%.
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