TAXS, TaxMasters, Inc. -Revenues Increased 87.5%- Results for the Nine Months Ended September 30, 2009 Versus the Same Period 2008

Posted on 11/28/2009 4:52:27 PM in #Stocks | 1 comments comments

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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 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.

- 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.

To view TAXS complete Form 10-Q CLICK HERE

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.

“The results speak for themselves,” said Michael Wallace, General Counsel for TAXS. “P3 revealed our strong points and identified areas where we could improve. I’m proud of the TaxMasters staff for rising to the challenge of completing this exercise. Our gains in customer service alone speak volumes.”

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.

More about TAXS at: www.txmstr.com

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