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TAXS, TaxMasters, Inc., TAXS.OB
TAXS is the IRS tax relief company.
Federal tax debt is serious and the IRS is a terrifying opponent for anyone with tax problems. TAXS deals with the IRS every day and they are familiar with the laws they must follow when collecting revenue. TAXS offers tax relief services specifically designed to reduce and eliminate federal tax debt.
TAXS Filed Form 10-Q on 23-Nov-2009:
HIGHLIGHTS:
- Revenues for the nine months ended September 30, 2009 increased by approximately $12,584,782, or 87.5%, from approximately $14,385,985 for the nine months end September 30, 2008 to approximately $26,970,767 for the same period in 2009.
- 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.
Recently, TAXS implemented a proprietary system to increase productivity and improve customer service. The system, known as P3, cataloged and analyzed the TAXS‘ internal Processes, Procedures, and Policies (P3) in an effort to identify and target opportunities to increase efficiency. The P3 Report was finalized in April and consists of a comprehensive assessment including efficiency recommendations linked to objective standards and measurable criteria. After experimental implementation of the recommended changes in early Q2, TAXS has seen steady improvements in workflow, speed of service, and customer service management throughout Q2 and Q3.
Initially aimed at increasing productivity, P3 provided a formal process flow for every area of the Company, which is the basis of a new proprietary control and workflow management software application currently undergoing operational testing. Both P3 and the new workflow management application are direct results of TAXS‘ commitment to manage growth and reduce costs. Squeezing out inefficiencies and improving customer service remain at the heart of the company’s efforts to grow gracefully while experiencing what it calls a fourth quarter surge.
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Forward Looking Statement
This press release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement.
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