What TaxMaster does

TaxMaster Financial Services Corporation is a privately held, family-owned financial advisory firm headquartered in New York, operating continuously since 1960. The firm serves individuals, families, and small-to-mid-sized businesses, with a stated specialty in businesses grossing $1M or more, and also markets to a non-profit / faith-based vertical.

The company's core offerings span tax preparation and planning, tax resolution, CFO services, payroll, bookkeeping, succession planning, life and retirement planning, and financial coaching. Lead advisor David Block holds CFP, CPA, and NLP credentials and is licensed across 13 states. Securities and investment advisory services are delivered through third-party partners — Innovation Partners LLC (a FINRA/SIPC member) for brokerage and IP Financial Advisory Services LLC for advisory — allowing TaxMaster to offer investment products without operating an in-house broker-dealer.

The technology stack is light and predominantly third-party. TaxMaster uses TaxDome as its client portal for document intake, workflow management, and client communication, and applies closed-system AI-assisted scanning during tax return preparation with a human double-review overlay. Delivery is remote-capable (Zoom, digital portal). Pricing is quote-based and not disclosed, consistent with a bespoke advisory model. Headcount is small (1-10 employees), and the firm has not raised external funding.

Name

TaxMaster

Legal name

TaxMaster Financial Services Corporation

Website

https://taxmaster.com

Company type

Private

Founded year

1960

Operating status

Operating

Headcount range

1–10 employees

Short description

TaxMaster is a family-owned New York financial advisory firm founded in 1960 that provides tax preparation and planning, CFO services, payroll, bookkeeping, succession planning, and financial coaching to individuals, families, businesses grossing $1M+, and select non-profits.

Ownership category

akta.pro rank

Product category

Financial Advisory Services

NAICS

Tax Preparation Services (541213), Offices of Certified Public Accountants (541211), Accounting, Tax Preparation, Bookkeeping, and Payroll Services (5412), Payroll Services (541214), Other Accounting Services (541219), Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282), Services-Management Services (8741)

akta.pro primary industry

Tax Advisory & Compliance (BPAHABAB)

akta.pro secondary industries

Payroll & Employment Tax Services (BPAHABAD), Tax-Aware Investment Planning (FSAEAAAE), Tax Planning & Personal Tax Optimization Tools (FSAGADAJ), Tax Services (Withholding, Reclaims, FATCA/CRS) (FSAAAOAM), Tax Law (BPAHAAAG)

Keywords

• Tax preparation services
• Financial advisory services
• Payroll processing services
• Bookkeeping services
• Tax resolution services

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Tax Preparation Services: Fees charged for preparation of business and individual tax returns, including corporate/partnership returns, multi-state filings, non-profit Form 990 filings, and individual returns. Revenue is generated on a per-return basis as part of an ongoing advisory relationship.
2. Tax Planning and Advisory Services: Year-round proactive tax planning and advisory fees. The firm emphasizes that tax planning often creates $10K–$50K+ in annual savings for clients, positioning planning as an ongoing service rather than a one-time engagement.
3. CFO Services and Consulting: Fractional CFO support services including cash flow strategy, financial forecasting, profitability insights, strategic planning, growth advisory, and systems/process design for small to mid-sized businesses grossing $1M+.
4. Payroll Services: Outsourced payroll processing, tax reporting, compliance and recordkeeping, and system integration for business clients.
5. Bookkeeping Services: Accurate transaction recording, bank and credit card reconciliation, financial statement preparation, seamless integration with payroll and tax preparation, and bookkeeping clean-up services.
6. Life Planning Services: Financial life planning combining financial expertise with coaching to help individuals align money with values, goals, and legacy. May include ongoing coaching engagements.
7. Financial Coaching Services: One-on-one coaching exploring the psychology of money, budgeting, cash flow, and debt coaching to transform client relationships with money.
8. Retirement Planning Services: Personal and business retirement plan design including 401(k), SEP, SIMPLE plans, tax-smart income strategies, Social Security guidance, investment planning, and legacy/estate planning.
9. Tax Resolution Services: Resolution of IRS and state tax issues including back tax filing, audit representation, payroll tax resolution, debt settlements, payment plans, penalty relief, and prevention strategies.
10. Succession Planning Services: Strategic succession planning for business owners including leadership transition, ownership transfer, business valuation guidance, estate and tax planning integration, and contingency planning.
11. New Business Formation Services: Entity selection, registration, EIN and state registration, licensing and compliance guidance, tax strategy setup, and system integration for new business launches.
12. Non-Profit Organization Services: Specialized tax and compliance support for non-profits including 501(c)(3) formation, Form 990 filings, bookkeeping, payroll, and sustainability advisory.
13. Securities and Investment Advisory: Securities products offered through Innovation Partners LLC (member FINRA/SIPC) and advisory services through IP Financial Advisory Services LLC, with David Block licensed across multiple states.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

TaxMaster Financial Services is a family-owned financial advisory and tax firm offering tax preparation, proactive tax planning, CFO consulting, bookkeeping, payroll, succession planning, new business formation, retirement planning, life planning, financial coaching, and tax resolution services for business owners, professionals, families, non-profits, and multi-state/international clients. Services are delivered year-round via direct consultations, with execution supported by a TaxDome encrypted client portal, closed-system AI scanning with double-review validation, and a financial calculator library.

Product overview

TaxMaster Financial Services is a financial advisory firm (not a SaaS product) offering a comprehensive suite of tax and financial services. The core offering consists of business advisory services (CFO Services & Consulting, Payroll Services, Bookkeeping Services, Succession Planning, New Business Formation, Business Tax Planning, Non-Profit Organizations, Tax Preparation for Businesses, Tax Resolution for Businesses) and individual services (Life Planning, Retirement Planning, Financial Planning, Financial Coaching, Tax Preparation for Individuals, Tax Resolution for Individuals). These services are supported by The TaxMaster Difference client portal platform (featuring TaxDome-based secure document management and audit protection) and a financial calculator library. The firm combines certified financial planning expertise with psychology of money coaching to provide year-round advisory services spanning tax compliance, strategic planning, and financial life planning.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Clients report $10K–$50K+ in annual tax savings through proactive tax planning
• +3 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability2 records

Feature4 records

Partnerships

Two partnerships are on record, tiered core and minor.

• TaxDomecoreTechnology or IntegrationTaxDome is the encrypted client portal platform used by TaxMaster for secure document upload, download, digital signing, and encrypted messaging. It provides 24/7 client access, deadline reminders, and compliance with IRS data-maintenance regulations.
• FINRA BrokerCheckminorOthersTaxMaster directs prospective clients to check the background of financial professionals through FINRA's BrokerCheck platform, providing transparency and regulatory oversight verification.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Grassi & Co. New York-metro accounting and business advisory firm providing tax, advisory, audit, and outsourced CFO services to small and mid-sized businesses. Comparable in focus on integrated tax and advisory for owner-operated businesses.
• CohnReznick LLP: Top 30 U.S. accounting firm with significant NYC presence offering tax, advisory, and wealth management services to middle-market companies and high-net-worth individuals. Overlaps directly with TaxMaster's tax-plus-CFO-plus-individual-planning model.
• Marks Paneth LLP: NYC-based accounting and advisory firm serving closely held businesses, high-net-worth individuals, and nonprofits with tax, audit, and wealth advisory services. Highly comparable as a multi-service NYC professional services firm targeting overlapping segments.
• Anchin, Block & Anchin LLP: Mid-market NYC accounting and advisory firm offering tax, CFO, succession planning, and business consulting services to closely held companies and high-net-worth individuals. Directly comparable service mix and client profile to TaxMaster.
• Citrin Cooperman & Company, LLP: East Coast-based accounting and advisory firm providing tax, business advisory, and outsourced CFO services to owner-operated businesses. Closely comparable target market and service stack.
• WithumSmith+Brown, PC: Mid-market U.S. accounting and advisory firm with a strong NYC presence serving closely held businesses and high-net-worth clients across tax, advisory, and outsourced finance functions. Direct competitor for the same SMB advisory sweet spot.
• Marcum LLP: Top-tier U.S. accounting firm headquartered in NYC providing tax, advisory, wealth management, and outsourcing services to mid-market businesses and individuals. Overlapping service lines and target clients.

Broad incumbents

• BDO USA Private Wealth Advisors: National Top 10 accounting firm's private wealth and personal financial planning practice. Same underlying services (tax preparation, tax planning, retirement, wealth advisory) but at significantly greater scale with broader geographic reach.
• KPMG Personal Financial Services: KPMG's U.S. personal financial planning and tax practice serving high-net-worth individuals, executives, and business owners. Comparable end-client value proposition but delivered under a Big Four brand and scale envelope.

Emerging players

• 1-800Accountant: Tech-enabled virtual accounting and tax firm serving small businesses and entrepreneurs with bookkeeping, payroll, tax, and advisory services. Targets the same SMB and entrepreneur segments as TaxMaster but operates via a virtual-first, lower-touch model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/nytaxmaster
• Facebookfacebook.com/TaxMaster-Financial-Services-Corporation-188929864570895
• LinkedInlinkedin.com/company/taxmaster-financial-services-corporation

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TaxMaster