Tax Preparation & Representation Services| BPX Taxes

Celebrating 21 Years In Business!

FULL SPECTRUM TAX PREPARATION SERVICES, REPRESENTATION IN MOST ASPECTS AND JURISDICTIONS OF GOVERNMENT TAX AUDITS.

BPX Durango, Inc specializes in all aspects of federal and all United States tax preparation services, including, but not limited to Individual, Investment, Rental Income, Small to Mid-Size Businesses, LLC’s, Partnerships, C-Corporations,
S-Corporations, Non-Profits, i.e. 990’s.

BPX Durango Inc also provides federal, state and local tax auditing representation.

Tax Preparation

for individuals & Businesses

Taxes are complicated. BPX Durango is here to help. We collaborate with our clients to provide the very best in tax preparation
services.

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Tax representation

for individuals & Businesses

Receive a letter from the IRS? From the State? Call BPX Durango, Inc, Penny Fisher, EA has a fellowship in IRS tax representation.

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Tax Planning

strategies for individuals & Businesses

From unemployment insurance to self-employment taxation, it can be challenging to keep up with the ever changing tax landscape. Let BPX Durango assist you in determining the best tax situation for you.

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Entity Creation

creation for individuals & Businesses

Don’t know where to start with your next big business idea? BPX Durango is prepared to help you get your new business idea off the ground in the best tax position possible.

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Payroll Services

specialized for your business

Remote, business payroll services, specialized for your business. BPX Durango’s highly trained payroll specialists with over 20 yrs of experience ensure’s all payroll compliance requirements are met and reported timely.

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Bookkeeping services

personalized bookkeeping services

Remote, personalized bookkeeping services ensure your business details are up to date, accurate and allow for simple and complex tax strategies to lower overall tax liability for you and your family.

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Proactive

Pro • ac • tive [prōh-ak-tive] -adjective

Serving to prepare for, intervene in, or control an expected occurrence or situation, esp. a negative or difficult one; anticipatory: proactive measures to save tax.

If you run your own business or manage investments, you rely on information. Information on products, markets, and customers. Information to make money. And information to keep money.

You rely on your accountant for some of your most important information. But what does your accountant actually do with that information?

At tax time, your books tell your accountant how much tax you owe. You scramble for more receipts and more deductions. But by tax time, it’s usually too late to do anything more.

Most accountants do a fine job recording history – the history you give them! They compile monthly, quarterly, and annual books and records. At tax time, they put the “right” numbers in the right boxes on the right forms, and file them by the right deadlines. But then they call it a day.

Is that all you really want?

strategic tax planning

Here’s How to Beat the IRS. Legally!

To minimize your taxes, you need a plan. You need concepts and strategies that leave more on your bottom line, without raising “red flags” or straying into “gray areas.”

It doesn’t matter how good your current accountant is with a stack of receipts on April 15. If you haven’t planned right, by April 15 it’s just too late.

Have you organized your business, right? Do you have the right benefit plans for yourself and your employees? Do you have the right retirement plan to prepare for your future. Are you taking advantage of all the legitimate deductions, credits, loopholes, and strategies the tax code offers?

What Would You Do With $15,000?

Ron came to us after he bought a small rental property down the street from his home. He bought the property because he heard it would be a great tax shelter. But he was frustrated because he didn’t see how it was helping him.

After one strategy meeting, we discovered the problem. Due to income limitations in the tax law, Ron couldn’t deduct his rental, and they remained “suspended.” We also found that he had quite a bit of equity built up in his home and rental that was not being used.

We developed a plan for Ron to use tax loopholes to his advantage and deduct those real estate losses against his other income. He also repositioned some of the equity in his home to buy more properties, creating even more deductions. In just one year, we created over $50,000 of tax free income to Ron and cut his tax bill by over $15,000!

We partner with business owners and investors throughout [Area]. We have the experience — and more important, the proactive attitude — to give you more than just a history lesson.

2,471% Return on Investment!

Enrique, was a top executive in a growing distribution business. A few years into the business, he was awarded stock options and eventually the company went public. Enrique was an overnight millionaire!

Enrique was a whiz at selling his company’s products. But he didn’t understand numbers. He got overwhelmed and nervous when he heard terms unfamiliar terms and relied on “experts” to make his accounting and financial decisions. That meant using a girl at the local tax franchise to prepare his returns. He had been with her 20 years and assumed she did a good job; she seemed to speak the “tax talk” he’d often heard around the office. And she was affordable – what could anyone else possibly do for him? That’s when a colleague introduced him to Certified Tax Coach, LLC.

Although he drew a sharp breath when he learned the price for the tax strategy, he thought of it as an investment and decided to give it a try. He was used to waiting 5 years for a return on investments so he calculated that as long as we saved him at least $700 per year in taxes, in no time, he’d have his money back.

At his first strategy appointment, his Strategist discovered that Enrique’s tax preparer had used the most expensive possible method for exercising his options. That cost him a whopping 44% tax! Luckily, he signed up as a client before he had exercised the bulk of his options. We quickly crafted a plan to stop the bleeding, using the “exercise and hold” strategy to exercise the remaining options when he was not subject to AMT tax. We also created an LLC and sold his primary residence to it to take advantage of the primary residence gain exclusion and turn the property into a rental. With the increased basis in the rental property, he was able to receive a larger deduction for depreciation expense, creating tax-free income from the property. His wife qualified as a real estate professional, which let him deduct valuable real estate losses against his salary. In the first year, he saved over $80,000 in taxes and each year after that he saved approximately $10,000 in tax from our strategy.

Enrique’s investment in his tax plan has returned over $124,000 in AFTER TAX cash flow – a return of 2,471%. Now THAT is a good investment!

How We Are Different

My name is Penny Fisher, EA.

I started BPX Durango Inc to offer a different kind of service. We don’t just record the history you give us. We go beyond, to give you proactive advice and strategies to help you earn more and keep more.

I’m different because I’m a “Certified Tax Coach.” I give you a proactive plan full of court-tested, IRS-approved strategies for minimizing your taxes.

The “other guys” settle for after-the-fact planning. Too often, that means outdated information, nasty surprises on April 15, and no feeling of control. [Firm Name] gives you ongoing coaching and proactive solutions. You enjoy total confidence knowing you pay the least amount of tax possible while you work to achieve your dreams.

The “other guys” offer the same old solutions, year after year. That means paying too much tax! [Firm Name] gives you customized strategies. You profit from personalized solutions for your situation that reduce your tax.

The “other guys” offer business as usual. BPX Durango Inc gives you flexible planning. You enjoy complete certainty that you’re making the right decisions for your business.

The “other guys” offer “see you next year” service, with limited contacts except at tax time. (And invoices for phone calls and even emails!) [Firm Name] offers ongoing support. That means year-round contact, support, direction, and accountability.

What’s the bottom line?

We empower you to achieve your dreams.
We educate you in a language you understand – (we save the CPA gobbledy goop for all those lively CPA membership club meetings)
We highlight areas in which you are strong and those that need improvement.
We help you set goals and help hold you accountable to achieve your dreams.
We design and help you implement innovative, customized tax strategies that minimize your taxes and your risk of audit.

Personalized Proactive Tax Strategy

The process starts with your personalized ProActive Tax Strategy.

Here’s how it works:

You start with a brief interview with a Client Consultant. We want to hear about where you are now, and where you want to be. We’ll ask a few easy questions about your current situation and from that determine the best Proactive Tax Strategy program for you.
You’ll complete our brief Tax Questionnaire. This is where you tell us your financial, business and investment goals and where your money currently goes. We’ll need copies of your past tax return and a little information on each business entity (S Corporation, LLC, Limited Partnership, etc) that you currently have set up. It’s all in the Tax Questionnaire and we’re here to help you if you have more questions. The more information you give us, the better job we’ll do.
Your personal strategist reviews your information and develops a comprehensive Proactive Tax Strategy. This process typically takes two weeks so we can research your best possible options. This is the stage where the cool things happen! In fact, the average savings for a taxpayer as a result of their Tax Strategy plan was over $14,000 per year!
You’ll talk with your personal CPA Strategist to review the details of your plan and to get your feedback. Typically, this call lasts about an hour. It’s so packed with information, though, that we write up your customized strategy, so you won’t miss a thing!
You get a written strategy plan, along with information on all available deductions, credits, loopholes, and strategies.
About two weeks after the initial phone call, you can have a second follow-up phone call with your Strategist to cover the details of the first call again or to go through new questions you’ve uncovered.

Once we’ve developed your plan, you’ll choose the most appropriate maintenance package for your needs.

Packages

Silver Package Gold Package Platinum Package

Silver Maintenance Package

The “Silver” maintenance package is designed for new business owners and investors who want a strong tax foundation. You get these ongoing services:

Business Tax Preparation. We’ll prepare your primary business entity return (proprietorship, partnership, or corporation). (Additional entities may incur an additional charge.)
Personal Tax Preparation. We’ll prepare your federal, state, and local personal tax returns.
Phone Consultations. You can schedule three 15-minute phone consultations, at your convenience throughout the year, to address breaking issues and opportunities throughout the year.
Email Consultations. You can email up to three specific questions, at your convenience, for written responses.
Due Date Monitoring. You’ll get our Due Date Monitoring service to ensure you never miss an important tax deadline again.
Year-End Sit-Down. You’ll get a year-end “sit down” meeting to review your tax picture. We’ll update you with everything you need to know about deductions you can take, anticipating tax roadblocks and opportunities, avoiding IRS audits, and maintaining your personal tax plan based on your changing personal circumstances.
Open Questions. Finally, your year-end sit-down includes an open Q&A period. This is your chance to ask us any questions about:
- Financing
- Business Valuation
- Insurance Needs
- Lease/Buy Analysis
- Business Structure (C-Corp S-Corp, LLC, Partnership, Sole Prop)
- Personal Financial Planning
- Retirement Planning
- Estate Planning

You’ll take advantage of ProActive Tax Strategies that most accountants miss to minimize your taxes. (This alone will pay for our service!) You’ll sleep well knowing we’re doing everything to prevent audits. And you’ll have access to a trusted business advisor to answer pressing financial questions.

Your investment in the “Silver” maintenance package starts at $250 per month, billed directly to your credit card. That’s about $8 per day for proactive tax planning and preparation that can save you thousands, year after year. You can pay that much for a cup of coffee. If you’re serious about minimizing your taxes, that should be an easy decision.

Gold Maintenance Package

The “Gold” maintenance package is designed for growing businesses starting to look for help with their business books and records. You get these ongoing services:

Business Tax Preparation. We’ll prepare your business tax return (proprietorship, partnership, or corporation). Additional entities may incur an additional charge.
Personal Tax Preparation. We’ll prepare your federal, state, and local personal tax returns.
Phone Consultations. You can schedule six 15-minute phone consultations, at your convenience throughout the year, to address breaking issues and opportunities throughout the year.
Email Consultations. You can email up to six specific questions, at your convenience, for written responses.
Due Date Monitoring. You’ll get our Due Date Monitoring service to ensure you never miss an important tax deadline again.
Year-End Reconciliation. We’ll reconcile your books at the end of the year to make sure they’re clean and up-to-date.
Year-End Sit-Down. You’ll get a year-end “sit down” meeting to review your tax picture. We’ll update you with everything you need to know about deductions you can take, anticipating tax roadblocks and opportunities, avoiding IRS audits, and maintaining your personal tax plan based on your changing personal circumstances.
One-on-one Financial Review. Your year-end sit-down also includes a comprehensive financial statement review. Together, we’ll walk step-by-step through your financial statements. We’ll show you what the numbers mean, and how you can use them to make smarter business decisions.
Open Questions. As with the Silver package, your year-end sit-down includes an open Q&A period.
Fall Tax Review. Fall Tax Review. Finally, the Gold Package includes a Fall Tax Review. We’ll develop a detailed year-end tax projection, along with a detailed tax-strategy plan to minimize your tax liability, and a calculation of estimated tax payments so you don’t get caught short on April 15.

Your investment in the “Gold” maintenance package starts at $375 a month, billed directly to your credit card. That’s less than $13 per day for proactive tax planning and preparation plus ongoing accounting and bookkeeping oversight. It’s hard to find a decent lunch for that low a price. If you’re growing your business, it should be an easy call.

Platinum Maintenance Package

The “Platinum” Maintenance package is our most comprehensive service, designed for more mature organizations looking for ongoing help with business books and records. You’ll enjoy these ongoing services:

Business Tax Preparation. We’ll prepare your business tax return (proprietorship, partnership, or corporation). Additional entities may incur an additional charge.
Personal Tax Preparation. We’ll prepare your federal, state, and local personal tax returns.
6 Phone Consultations. You can schedule up to six 15-minute phone consultations, at your convenience throughout the year, to address breaking issues and opportunities throughout the year.
Unlimited E-mail Consultations. You can email an unlimited number of specific questions, at your convenience, for written responses.
Due Date Monitoring. You’ll get our Due Date Monitoring service to ensure you never miss an important tax deadline again.
Quarterly Reconciliations. We’ll reconcile your books at the end of each quarter to make sure they’re clean and up-to-date.
Quarterly Sit-Downs. You’ll get quarterly “sit down” meetings to review your tax picture. We’ll update you with everything you need to know about deductions you can take, anticipating tax roadblocks and opportunities, avoiding IRS audits, and maintaining your personal tax plan based on your changing personal circumstances.
Quarterly One-on-one Financial Reviews. Your quarterly sit-downs also include a comprehensive financial statement review. Together, we’ll walk step-by-step through your financial statements. We’ll show you what the numbers mean, and how you can use them to make smarter business decisions.
Open Questions. Your quarterly sit-downs include open Q&A periods.
Quarterly Financial Performance Reviews. Finally, the Platinum Package includes quarterly Financial Performance Reviews. These are plain-English translations of your business financial statement, where we identify your individual strengths and weaknesses. The Review comes with a detailed comparison to your competitors.
Fall Tax Planning Review. We’ll develop a detailed year-end tax projection, along with a detailed tax-strategy plan to minimize your tax liability, and a calculation of estimated tax payments so you don’t get caught short on April 15.

Your investment in the “Platinum” maintenance package starts at $499 per month, billed directly to your credit card. That’s less than $17 per day for our most complete suite of services. If your tax is starting to hurt, this should be your first remedy!

Virtual Services

Options are important. YOU, the BPX Durango Inc client are important. BPX Durango Inc provides each client with complete online services: a secure, digital portal to upload your private tax documents.

Retainer Program

BPX Durango Inc also offers a retainer program to our clients that provides a reasonable fee structure and offers tax planning services as well as up-to-date tax laws

Penny Fisher

Enrolled agent, NTPI FELLOW, NATP, NAEA, COSEA, Durango Chamber of Commerce, Pagosa Chamber of Commerce

Penny Fisher, EA is a Federally Licensed Enrolled Agent. A Member of several professional organizations striving to fight for taxpayer rights. She belongs to local Chamber of Commerce and is passionately involved with her family and community.

What Is A Enrolled Agent

An Enrolled Agent (EA) is a federally-authorized tax practitioner who has technical expertise in the field of taxation, and Tax Preparation, who is empowered by the U.S. Department of the Treasury to represent taxpayers before all administrative levels of the Internal Revenue Service for examinations (audits), appeals, and collections.

The right to practice before the Internal Revenue Service is regulated by Federal statute and governed under US Treasury Circular 230. Persons authorized to practice are known as “Federally Authorized Tax Practitioners,” (FATP). The FATP status is granted to attorneys, Certified Public Accountants, Enrolled Agents, Enrolled Actuaries.

Enrolled Agents advise, represent, and prepare tax returns for individuals, partnerships, corporations, estates, trusts, and any entities with tax-reporting requirements. Enrolled Agents’ expertise in the continually changing field of taxation enables them to effectively represent taxpayers subject to scrutiny by the IRS and state taxing authorities.

Unlike CPA’s and attorneys who receive their designations from individual state authorities and have a range of different focuses, enrolled agents focus solely on matters of taxation and receive their professional designation directly from the US Treasury Department.

The privilege of confidentiality exists between a taxpayer and an enrolled agent when the taxpayer is being represented in cases involving audits, collection and appeals matters with the taxing authorities. This privilege is not however applicable to the preparation and filing of tax returns. Only the defending of taxpayers.

Enrolled agents that are members of the National Association of Enrolled Agents are not only bound by US Treasury Circular 230 regulations but also by a rigorous code of ethics and rules of professional conduct.

More about the Enrolled Agent designation can be found here:

www.NAEA.org – National Association of Enrolled Agents
www.CoSEA.org – Colorado Society of Enrolled Agents

The RIGHTS OF TAXPAYERS and TAX PLANNING go hand in hand. BPX Durango Inc cares about creating a tax strategy you can rest easy with.

Celebrating 21 Years In Business!

FULL SPECTRUM TAX PREPARATION SERVICES, REPRESENTATION IN MOST ASPECTS AND JURISDICTIONS OF GOVERNMENT TAX AUDITS.

Tax Preparation

for individuals & Businesses

Tax representation

for individuals & Businesses

Tax Planning

strategies for individuals & Businesses

Entity Creation

creation for individuals & Businesses

Payroll Services

specialized for your business

Bookkeeping services

personalized bookkeeping services

Pro • ac • tive [prōh-ak-tive] -adjective

Virtual Services

Retainer Program

Penny Fisher

Enrolled agent, NTPI FELLOW, NATP, NAEA, COSEA, Durango Chamber of Commerce, Pagosa Chamber of Commerce

More about the Enrolled Agent designation can be found here:

Phone: 970-749-6063 | Fax: 970-422-8408 | Email: bpxdurango@yahoo.com |