As a Chartered Accountant (CA) and Certified Public Accountant (CPA) with 15 years of extensive experience in the field, I have developed a comprehensive expertise in various areas of accounting and taxation. Throughout my career, I have gained valuable exposure and proficiency in the following key areas:
Formation of US Company:
Assistance in the formation of a US company, including all necessary paperwork and documentation.
Guidance on selecting the appropriate business structure based on your business needs and favorable state nexus.
Completion of all formalities required for the smooth running of the business.
Support in obtaining an Employer Identification Number (EIN) from the IRS for your US company.
Ensuring compliance with all related requirements and procedures.
US Bank Account Opening:
Assistance in opening a US bank account for your business to facilitate smooth transaction processing.
Guidance on selecting a suitable bank and navigating the account opening process.
Business License Procurement:
Assistance in obtaining the necessary business licenses and permits required for your specific industry and location within the respective states.
Ensuring compliance with all regulatory requirements.
Ongoing monitoring and follow-up to ensure timely compliance with all regulatory and legal obligations of your US corporation.
Prompt completion of required filings, reports, and other necessary documentation within the prescribed deadlines.
Tax Compliance for US Corporation:
Preparation and filing of federal and state tax returns for your US corporation.
Expertise in handling tax matters for corporations with non-resident directors and foreign-controlled corporations.
US Resident Tax Filing:
Assistance with tax filing for US residents, including individuals with different residential statuses.
Guidance and planning for tax optimization based on US-sourced income.
- Preparation of tax returns and computation of taxable income for diverse categories of assesses, including Individuals, HUF, Partnership Firms, Societies, Trusts, Companies, and Non-residents.
- Conducting and finalizing Tax Audits in accordance with the Income Tax Act 1961.
- Preparation and filing of certificates, declarations, computation annexures, and challans.
- Handling periodic calculations and tax returns for Advance Tax installments, Service Tax, FBT, and other relevant taxes.
- Preparation of returns and computation of taxable wealth.
- Preparation of submissions for scrutiny cases and compilation thereof.
- Conducting Statutory Audits, Tax Audits, and Internal Audits for a diverse range of entities, including Manufacturing Companies, Banking Companies, Trading Companies, Societies, and NGOs.
- Ensuring compliance with applicable accounting standards, laws, and regulations.
- Conducting thorough assessments of financial records, internal controls, and risk management systems.
- Reporting audit findings, providing recommendations for improvement, and assisting in implementing corrective measures.
- Preparation of books of accounts for various individuals, partnership firms, and companies.
- Maintaining accurate and up-to-date financial records.
- Performing financial analysis and interpreting financial statements to facilitate informed decision-making.
- Offering guidance on accounting policies, procedures, and best practices.
- Conducting stock verification assignments to ensure inventory accuracy.
- Providing tax opinions and advisory services to assist clients in navigating complex tax regulations and optimizing their tax positions.
- Handling periodic calculations and tax returns for TDS, Advance Tax, Service Tax, FBT, and other applicable taxes.
With my extensive experience and proficiency in these areas, I am equipped to deliver comprehensive accounting, taxation, and auditing solutions, ensuring compliance, accuracy, and financial soundness for my clients.