Accounting Solutions, Inc

Our practice has developed considerably over the years by providing a wide range of services demanded by today’s business. Whether you would like an advice on saving tax or social security payments, payroll tax payments, tax audit protection, information on latest legislation development and timely implementation, you can be sure that Accounting Solutions, Inc. will be there to help you.


342 Shrewsbury Street
Worcester, MA 01604
Phone: (508) 753-3532
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  • Call (508) 753-3532 to schedule your appointment.
  • Hours: April 16-Jan 12th: 9 to 5pm
  • Tax Season Hours: Jan 13th to April 15: 9 to 7pm

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Three Easy Ways for Worcester Business Owners to Develop Delegation Skills

"Be brave. Take risks. Nothing can substitute experience." - Paulo Coelho

The corporation deadline for Worcester businesses is behind us, and we're taking a big breath around here (while still focusedly working through personal tax returns as well).Apparently, there are basketball games being played. Not that we would know much about that. We're too busy around here.And speaking of too busy, I recently wrote about how some Worcester business owners get complacent about "selling" in their business, and how it can hold back the growth of formerly-successful small businesses.There is another tendency which holds back growth in a small business though, and that is this: the owner clinging too tightly to the reins.Sound familiar?And by the way, you might think to yourself: Nope, not a problem for me.Well, just because you "have employees", or you've read a good book on delegation, doesn't mean that you are doing it well -- that you are truly freeing yourself up so you can handle only the most profitable activities in your orbit.And honestly, this is a pretty crucial skill, even if you don't happen to be a Worcester business owner. It's something that really anyone should take the time to develop.Answer the question: What am I doing here -- really?The response (if you're honest) might surprise you.Many Worcester business owners hold themselves back through improper or insufficient delegation skills. What do I mean by this? Simple: it's likely you spend too much time on activities easily handled by somebody else ... and further down the pay scale.There's one major place small business owners get hung up that will keep you "running a business"  instead of *owning* a business -- and that's investing in the support staff you need to take some of the heavy administrative and marketing burdens off your plate.I hear so many excuses from Worcester clients who desperately need help but sabotage themselves with "I can't afford it," or "I can't trust anyone else to do the work," or "It's easier to just do it myself," or "I don't have space for an assistant" excuses.If you don't make the investment in key support staff to assist you in the operations of your Worcester business, you'll never grow beyond your current earning capacity and you won't be able to serve your clients and customers as well as you possibly could.At the same time, of course, you don't want to get into a situation where you have too much support, which will result in bloated overhead and you keeping very little of your money.  So, how do you know if you have too much, too little or just the right amount?For one week do the following:1. Write down every single thing you do on a daily basis as it relates to your business. Track your time down to the minute and be sure to include seemingly minute tasks such as "called the courier and arranged pick up of documents," to "ordered coffee for the office".  Have every person on your team do the same. 2. At the end of the week, circle everything on your list that could have been done by someone else.  And closely examine what your team members were doing.3. Make adjustments once you see how your time and your team are really operating.  It can be hard to see what's really going on, but it's always worth it.  Add up the number of hours you spent on the items you circled in step 2, and calculate how much more revenue you could have brought in if you had spent that time in revenue-generating (or marketing) activities instead.Once you see what's really going on, you can make decisions with knowledge instead of remaining in the dark about your business.Feel free to forward this article to a Worcester business associate or client you know who could benefit from our assistance -- or simply send them our way? While these particular articles usually relate to business strategy, as you know, we specialize in tax preparation and planning for Worcester families and business owners. And we always make room for referrals from trusted sources like you.Contact Us

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The Behavior Profile of Our Worcester Clients with the Highest Level of Financial Security

A photograph is usually looked at, seldom looked into." - Ansel Adams

The madness of March certainly delivered over the weekend, huh? Plenty of upsets and surprises, which always makes this time of year fun for basketball fans.

Or, so I hear.

After all, this tournament seems to happen yearly, and until the IRS changes the deadline for personal tax returns away from April 15th (the 17th this year), well ... I can't say that my staff and I are able to participate much.

We're too busy doing your taxes, after all. And this time of year with less than one month remaining, we're in crunch time. 

The corporate deadline is now behind us, and we are talking with Worcester clients every day about their situation.

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The Most Likely Reasons Why Small Businesses Fail In Worcester

"If a man has any greatness in him, it comes to light, not in one flamboyant hour, but in the ledger of his daily work." -Beryl Markham

It's always been hard-scrapping for small business owners in Worcester. 

We've all heard the old adage: At least 85% and maybe as high as 98% of new small businesses fail before they hit the five year mark.

That rate may have been even higher over the past decade.

Now, even with various items of recent good news in the economy, we all must still plug the holes in our own houses. 

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Jay Walia's 6 Negotiation Tips To Get What You Want

"Remember you will not always win. Some days, the most resourceful individual will taste defeat. But there is, in this case, always tomorrow - after you have done your best to achieve success today." - Maxwell Maltz

Well, the brackets are set -- and the nation's collective basketball madness has begun.

Billions fly around every year for this tournament (probably much of it not reported on Form W-2G!), and it's become a huge part of this season, as you no doubt know.

But there is another, often-unnoticed, part of this season that always makes me shiver a little for Worcester taxpayers: Unclaimed tax refunds.

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What Are My Chances of Getting Audited? 11 Tips For Worcester Small Businesses

"Let us not look back in anger, nor forward in fear, but around in awareness." - James Thurber

On March 15th, 2018, Subchapter S Corporation (S-corps, for short), have their tax returns due. We're already on top of things for our Worcester clients, but this is a quick reminder to you to make sure that we've communicated, and that your books don't contain any "hanging chads" that might come back to bite you.Let me know if you need any quick help before the deadline.But having been doing this for quite some time, I can predict that I might receive a few questions like these: How can I make sure I don't get audited? What are my chances of getting audited? If I take that deduction, will it raise a red flag? 

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Accounting Solutions, Inc's 2017 Tax Preparation Checklist

"Arriving at one goal is the starting point to another." -John Dewey

Lots of things have been changing recently -- from Academy Award ratings (they're down), to mortgage rates (which have been rising), to the effective tax rates for most businesses and families in 2018 (which, you may have heard, have changed!).

But we here at Accounting Solutions, Inc haven't much changed: we're still cranking along in preparing your 2017 taxes, meeting with Worcester clients, new and old, and helping you keep the most amount legally and ethically possible from the grasping hands of the IRS.

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Make the Switch to Jay Walia And You'll Receive A Complimentary Tax Planning Session

First TEN new clients only -- Simply mention this specific offer when scheduling your appointment with us.

Look -- I know how hard it is to move from one tax professional in Worcester to another. Which is why I would like to take a minute here to address those who haven't yet made the decision to use our services.

After all, we've helped many Worcester business owners "make the switch" over to us, year after year. I know that you've probably established a rhythm with your current provider (even if it's not a "good" rhythm), and that you could dread the prospect of having to teach a new tax accountant about your Worcester business and goals.

Which is why this note would be for you. 

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3 More Reasons Why More Worcester Families Don't Have Estate Plans

"You don't choose your family. They are God's gift to you, as you are to them." -Desmond Tutu

The Winter Olympics are finished and we are fully immersed in our tax preparation process.We've been enjoying the opportunity to reconnect with so many longtime friends from Worcester who trust us with their most sensitive financial details -- and we don't take that privilege lightly.And because I don't take this lightly, I also want to take the opportunity to urge my Worcester clients who have NOT prepared for every eventuality for their family to consider using this season as a time to take care of another significant financial "preparation" as well.I wrote a little about this last week, and I'm wrapping up my thoughts on this particular topic here this week.

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2018 Tax Refunds Have You Confused? Jay Walia Provides Clarity

"The truth can be funny but it's not funny to cover up the truth." -Ryan Cooper

We are cranking along with tax return preparation here at Accounting Solutions, Inc, and there are some interesting things that you should know about from Tax Land (that wild, scintillating world that it is).Look -- it is our J-O-B to handle this junk so you don't have to, which is why I make it a point to not be too tax-heavy in my notes to you. But this week, well, there's just a few too many things to ignore.

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A Worcester Business Owner's Simple Plan For Dealing With Angry Customers

"Wherever there is a human being, there is a chance for a kindness." -Seneca

Even in the middle of the intensity of the busy tax filing season in Worcester, we occasionally become the target for somebody's frustration.Over the years, and especially when things are busy and stressful, we've had to learn about how to best handle matters when a Worcester client is becoming (for some reason or another) very upset. Again, this is rare -- but in some cases, the client displaces their anger towards the IRS and puts it into their interactions with us. ("No, Brian, we actually aren't the ones who are sending you all of that audit correspondence. That would be the nice people at the Department of Treasury.")However, what we've discovered is that when we handle it rightly, we can leave upset Worcester clients even happier with us than even some of our most "reliable" and happy clients.

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