Audit Review & Compilation Services Services in Newark,NJ

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Best Audit Review & Compilation Services in Newark, NJ

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Neighborhoods:Allingtown, Amity, Bayview, Beaverbrook

From the Business:Adhvya is a professional accounting and tax services firm based in North Brunswick, New Jersey, focused on delivering precise bookkeeping, payroll, tax compliance, and strategic advisory services tailored to small and mid-size businesses. The firm handles day-to-day financial operations including transaction management, payables/receivables tracking, and payroll administration, while also advising clients on annual tax filings, sales tax/VAT matters and corporate documentation. Beyond compliance, Adhvya supports business growth through financial planning, capital-fundraising guidance and M&A preparation. With a commitment to clarity, accuracy and personal service, the firm helps business owners understand their numbers and make data-driven decisions. Whether clients need help staying current with regulatory requirements or want strategic support to scale, Adhvya offers the tools, insights and ongoing partnership to build stronger financial foundations.Read more

Neighborhoods:Central Business District, Belltown, Cove-East Side, Downtown

From the Business:When it comes to preparing for the future, it is important to work with someone who has the foresight and proven experience to help you navigate life’s changes successfully. That’s where we come in. Whether you’re just starting out, starting a business, needing employee benefit information, growing your family, getting ready for retirement, or looking for a way to protect all that you’ve worked for, our advisors can help you find the right solutions to make the most of today, tomorrow, and the years to come. For all of life's milestones, we're here for you, your family, and your business. We do offer our clients comprehensive financial planning services, especially for clients approaching retirement. We are firm believers in educating the client such that they can make informed decisions Read more

Neighborhoods:North Frederick Avenue/Hechinger/Mardirossian, Belltown, Cove-East Side, Downtown

From the Business:We provide tax, financial consulting services asset and retirement portfolio planning and management services to individuals, Family and businesses. We are dedicated to providing individuals and other types of clients with a wide array of investment advisory services. We shall provide investment education to plan participants regarding the selection of Model Portfolios, and will survey each plan participant to assess.We are dedicated to provide our clients with a wide array of investment advisory services and help them to achieve their long term retirement goals.Read more

Manage My Taxes Inc - Pay Less Taxes Legally

Manage My Taxes Inc - Pay Less Taxes Legally

location_on Serving the Newark Area
  • 5star378 Reviews
  • 9.5
    Sulekha score
  • work_history Established Since 1980
Audit Review & Compilation Services:Bookkeeping for Small Business, Personal Tax Preparation, Tax Analysis, Payroll services, Business and Individual tax filing, Income Tax Preparation and Planning ( Business and Personal)
  • ITIN Acceptance Agent, W7 Application, Payroll, Incorporat

Neighborhoods:Sunnybrook Farms, Belltown, Cove-East Side, Downtown

From the Business:MMTi provides Online Tax Preparation, one-on-one Professional Tax Preparation, Tax Review, Electronic Filing, Audit Assistance, Payroll Services, Small Business Consulting & Incorporation services. MMTI™ has partnered with Drake Software's 1040.com to provide you the highest quality, comprehensive and one of the most affordable online tax preparation & e-file services. We always ensure that your filing status results in the lowest possible tax possible.Read more

Neighborhoods:Belltown, Cove-East Side, Downtown, Glenbrook

From the Business:We deliver end-to-end financial solutions designed to support businesses across industries and geographies. Our services span Tax Preparation, Bookkeeping, Accounting, Payroll, Auditing, Review & Compilation, Cash Flow Management, Financial Forecasts, and Financial Statement Analysis. We also specialize in Foreign Account Disclosures, Income Tax Filing, and Multinational Accounting & Taxation. As part of a global CPA network with presence in 70+ countries, our team of seasoned CPAs and professionals ensures accuracy, compliance, and cross-border expertise.Read more

Neighborhoods:Belltown, Cove-East Side, Downtown, Glenbrook

From the Business:Prorata Accounting and Consulting LLC stands as a trusted partner for businesses and individuals seeking reliable, professional, and forward-thinking financial services. Based in New Jersey and serving clients across the United States, we specialize in audit and assurance, taxation, outsourced accounting, and strategic business consulting. Our dedicated team brings together years of industry expertise, offering personalized solutions that align with your financial goals and compliance needs. Our mission is to simplify financial complexities, minimize tax liabilities, and help you make sound decisions that drive long-term stability and growth. We understand that every client is different, which is why we take a tailored approach—whether you’re a startup laying your foundation, a mid-size business scaling operations, or a well-established firm navigating changing regulations. At Prorata, we go beyond numbers. We build lasting relationships rooted in trust, accuracy, and proactive support. By staying ahead of regulatory updates and industry trends, we ensure your financial systems remain strong, compliant, and optimized for performance. Let us help you turn financial clarity into confident action. When you work with Prorata Accounting and Consulting, you gain more than an accountant—you gain a strategic advisor committed to your success every step of the way.Read more

Neighborhoods:Guadalupe River Trail, Belltown, Cove-East Side, Downtown

From the Business:

Alam One Stop Tax and Accounting Services in San Jose, CA offers a variety of financial services to make your life easier. We provide Tax Preparation and Accounting Services. Tax firm owned by Mahbub Alam.Services offered include: Bookkeeping, Payroll Preparation, IRS Representation, Tax Preparation, Sales Tax Preparation & H-1B Visa Preparation. At Alam One Stop Tax and Accounting Services, we take pride in providing the San Jose community with trusted, professional tax, accounting, and payroll solutions. Since our establishment in 2015, we’ve built a reputation as one of the most reliable accounting firms in the area. Locally owned and operated, we have dedicated ourselves to making tax season, payroll management, and financial planning as stress-free as possible for individuals and businesses alike.With over a decade of experience, we’ve seen firsthand how overwhelming managing financial obligations can be. That’s why we believe in a team approach, working closely with our clients to ensure their financial health is properly managed. Our knowledgeable team combines years of experience and diverse backgrounds to deliver a comprehensive suite of services. Whether you’re filing taxes for the first time, running a business, or need ongoing payroll support, Alam One Stop Tax and Accounting Services is here to help.At Alam One Stop, we understand that navigating financial services can feel overwhelming. That’s why we approach each client with understanding, providing customized solutions that are specific to your unique financial situation. We’re not just about numbers; we’re about people and their long-term success. We invite you to discover the power of our services and experience how we can make your financial world easier to manage.

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PAY Financial Service

PAY Financial Service

location_on Serving the Newark Area
  • 5star13 Reviews
  • 8.3
    Sulekha score
  • work_history16 Years in Business
  • translateLanguage:English , Urdu +2 more
Audit Review & Compilation Services:Tax planning and tax saving, Financial and Tax Planning, Bookkeeping for Small Business, Tax Analysis, Payroll services, Business and Individual tax filing, Income Tax Preparation and Planning ( Business and Personal)

Neighborhoods:Tottenville, Belltown, Cove-East Side, Downtown

From the Business:PAY Financial Services is one stop for all your accounting, taxation and financial consulting services with over 20 years’ experience. We are a full range financial services company providing incorporation, book keeping & accounting, costing, payroll processing, tax preparation, cash flow, budgeting, compilation and finance consulting. We cater to a wide variety of clients ranging from small to medium sized corporations to individuals. We are committed to provide a complete range of quality service on timely basis at affordable price. Read more

Neighborhoods:Belltown, Cove-East Side, Downtown, Glenbrook

From the Business:We prepare federal and state personal tax returns for our clients, throughout the United States. We frequently prepare tax projections to advise clients with an ongoing need to ensure they are not overpaying or underpaying their quarterly estimated taxes relative to their overall income. We have also developed a niche in the US Expatriate space and prepare returns for many US Citizens who live overseas but still need to comply with their US Tax Filing Requirements. We also prepare federal and state partnership, S-Corporation, and Corporation tax returns for our clients. For our business tax clients who also have a bookkeeping relationship with the Firm, or who specifically engage us to do so, we advise frequently on year-end tax management strategy. Our personal financial tax-planning services offer an objective, comprehensive package for individuals. Some of these plans include Deferred compensation, timing of charitable contribution, alternative minimum tax, retirement investment, rental income and expenses.Read more

Raman Abrol CPA

Raman Abrol CPA

location_on Serving the Newark Area
  • 5star13 Reviews
  • 9.5
    Sulekha score
  • work_history16 Years in Business
  • translateLanguage:English
Audit Review & Compilation Services:Tax Preparation and Filing, Financial and Tax Planning, Accounting Software Selection & Implementation, Buying Or Selling A Business, Certified Professional Tax Preparer, Corporate Tax, CPA, Federal State Tax Filing, Individual Tax Return, Indiviual Tax Filing, Internal Audit, Irs Audit, Non-Filed Tax Returns, Obtaining Irs Tax, Partnership Taxes, Past Tax Collection, Payroll Software, Property Tax Loans, Quarterly Taxes, Quickbooks Service, Quickbooks Training & Setup, Reduce Irs Penalties, Release Irs Levy, Reviews And Compilations, Sales Tax Return, Small Business Advisory service, Small Business Formation, Small Business Payroll, Tax Implications, Tax Problem Resolution, Year Round Tax Service, Bookkeeping Clean-up, Trust Tax Preparation, Tax Consultation, Income Tax, Tax Preparer Specialist, Personal Tax Preparation, Business Tax Preparation, Tax Analysis, Accounting Systems, Tax Efficient Investments, Incorporation services, Multinational tax filing, Payroll services

Neighborhoods:Belltown, Cove-East Side, Downtown, Glenbrook

From the Business:If you are looking for an accounting firm that will cater to your needs then you have come to the right place. We know that what works for one client-be it a small business or an individual-is not necessarily the solution for another. Our firm is one of the leading firms in the area. By combining our expertise, experience and competence of our staff, each client receives close personal and professional attention. Our firm’s reputation reflects the high standards we demand of ourselves. Please, feel free to browse our website to see the services we offer as well as the many helpful resources we provide. Leave the number crunching to us. When you are ready to learn more about what we can do for you, we encourage you to contact us for a FREE, no obligation consultation.Read more

Showing 1 - 10 of 16 results

From the Business:Kumar Accountancy CPA, based in Elk Grove, California, is a trusted and professional accounting firm dedicated to delivering exceptional financial services with integrity and care. Guided by the principles of professionalism, responsiveness, and quality, the firm has built a strong reputation for serving individuals, families, and businesses with precision and personalized attention. With a deep commitment to professionalism, the team at Kumar Accountancy CPA continuously enhances its expertise by staying updated on the latest tax laws, financial strategies, and cutting-edge technologies. This ensures that every client benefits from reliable, accurate, and forward-thinking solutions. Responsiveness is at the core of their client relationships. Beyond tax season, Kumar Accountancy CPA supports small to medium-sized businesses, entrepreneurs, and individuals year-round, addressing financial concerns promptly and effectively. Their clients can rely on timely communication, comprehensive guidance, and a proactive approach to solving challenges. Above all, Kumar Accountancy CPA is dedicated to quality. As trusted advisors, they go beyond numbers to provide meaningful insights that empower clients to make informed financial decisions. From tax planning and preparation to business consulting and financial advisory, the firm is committed to turning vision into measurable value.Read more

Neighborhoods:Imperial Estates

From the Business:At Libre, we are here to support individuals who need personal help with their tax and business concerns. Whether you’re dealing with urgent financial issues or just looking to get more organized, we offer comprehensive solutions that bring you peace of mind. Our expert CxO services are designed to take the stress off your shoulders, allowing you to focus on what matters most. Get in touch today for a free estimate and let us help you achieve your goals.Why Choose Us for Your Tax, Bookkeeping, and Resolution Needs?Personalized Help: We are here for you—whether you need help sorting out personal financial matters, organizing your business, or resolving tax-related challenges, our team is dedicated to guiding you through every step.Trusted Advisors: Our team is committed to being your trusted advisor and advocate. With our extensive knowledge and dedication to your satisfaction, we ensure that every challenge is met with practical, effective solutions.Tailored Expertise: With our deep background in taxes, real estate, and business development, we offer a wide range of personalized services. From tax resolution to bookkeeping and real estate transactions, we craft strategies to meet your specific needs.CxO Services for Dreamers: Our CxO service is perfect for those who aspire to become business owners or want to grow personally and professionally. We offer the guidance and support you need to turn your business dreams into reality, helping you navigate the path to success.Stress-Free Service: We understand that financial matters can be stressful, so we bring a sense of humor and a lighthearted approach to reduce your stress while providing top-tier service.Become Our Business Partner & Learn to EarnAt Libre, we believe in empowering others. You have the opportunity to not only receive help but also to become our business partner. Learn valuable skills like sales, organization, and financial management while earning income. Read more

  • Individual Tax Planning and Return Preparation Avg - $75

Neighborhoods:Villas of the Hills

From the Business:GuruTaxPro!Over the last decade Accounting-Taxation-Auditing outsourcing industry has grown by 3X to touch $ YY billion and is looking to grow by another 25% Y-o-Y for the coming five-year period. Businesses from across the world and across several industries have benefited by outsourcing their Accounting, Taxation and auditing requirements.While some firms continue to have some form of an in-house team to cater to these requirements, most firms have outsourced or are in the process of outsourcing to specialist Accounting, Taxation and Auditing firms. GuruTaxPro is a firm with extensive experience of managing Accounting-Taxation-Auditing requirements relieving businesses from the complexities of tax filing and back-end financial management. We pride ourselves as efficient business partners to our clients saving considerable time and efforts that can be ploughed back into their core business functions.Read more

Neighborhoods:State Fair

From the Business:Ez Taxfile Tax Preparation Services from $50 in Troy is specialized in Finance & Taxation services, Tax Preparation services and E File. They are servicing throughout the United States and Canada. They are expertise in providing services like Individual Tax Return, IRS Audit, IRS Representative and Sales Tax Return. Ez Taxfile Tax Preparation Services are available only on weekdays from 9:00 to 18:00. They are tailored to the unique needs of each client, securing the best possible results and maximized returns. They give equal attention to all of their clients. Ez Taxfile Tax Preparation Services are IRS Designated Registered Tax Return Preparer (RTRP) and IRS Authorized E-File provider. By combining their expertise, experience and the team mindset of their crew, they promise that every client receives the close analysis and attention they justify. Their dedication to the high standards, engaging of seasoned tax professionals and work moral is the main reason their client base increases year after year. Ez Taxfile Tax Preparation Services’ mission is to help the clients maintain financial activity in the present, while taking a proactive approach to achieve the forthcoming goals. It requires open communication to reach an understanding of their clients need through research and robust analysis. Ez Taxfile Tax Preparation Services is dedicated to meet those goals with high standards of perfection and professionalism. They have been a predominant of many business communities for years and pride themselves on the level of revere they have earned. They accept Cash as the mode of payment.Read more

Business Offers

Ratings & Reviews for Audit Review & Compilation Services

perm_identityNaveen Pillala
calendar_month3 weeks ago

I attended one of the Will and Trust presentations given by Kumar Vutakuri (KV) in the community and reached him to understand more about the services he is providing . KV worked with us and he did the Financial Need Analysis(FNA) and helped us with the Protection planning for me and my wife. We are so happy that we worked with him. He is in touch with us and keeps educating us on retirement planning etc. we will continue to work with KV on all our future retirement plans and happy to refer my friends.

perm_identityVj M
calendar_month3 months ago

Prompt courteous service and very knowledgeable..

perm_identityZebiba Shifa
calendar_month3 months ago

Kavita has helped us tremendously with our taxes for years now. Worry free experience and takes the hassle out of taxes! She also responds quickly to us when we have questions, we recommend this service

perm_identitybhave Luthra
calendar_month3 months ago

Excellent service. Took such good care and handled all our taxes very meticulously

perm_identitySanthosh Anand
calendar_month3 months ago

Goodlife Financial Services has been super easy to work with, very responsive and on top of their game. Would recommend to families looking to stay on top of their finances

calendar_month3 months ago
perm_identityKarissa Roulhac

Vini and her team manage the books for several bussinesses I assist with. They have been great to work with. They are very efficient and have quick response time to any additional needs and all at a very affordable price. Also Jack, helped us with a long unresolved tax discrepancy and was able to get a significant amount of money back to us that we had overpaid the irs. So grateful for them.

calendar_month4 months ago
perm_identityUnknown

Very professional & knowledgeable staff. Ali help us out on our returns and business formation. Overall staff are very friendly , helpful and response on time

calendar_month4 months ago
perm_identityJawed Hussain

I am doing my tax filing since 2019. They help me for refund of some of my back taxes.They slso working on my 2014 tax return and it will be great achievment for or them to huge amunt of refund.Also they keep in touch about your irs letter and other matters.I highly recomand to get services of ALAM ONE STOP TAX.

calendar_month6 months ago
perm_identityPriya K

I was impressed by Chirag’s knowledge and passion for helping clients. He listened carefully to my concerns and designed a plan that gave me peace of mind. His integrity and personalized service stand out in the financial industry.

calendar_month6 months ago
perm_identitylakshmi ratna Kancherla

Very responsive and efficient set of folks! Thank you team :)

calendar_month7 months ago
perm_identityVinay Nayak

When I first met Sukesh 6 months ago at information session, even though I was impressed with his knowledge, I was unsure whether I wanted to go thru another exercise, esp having done a couple of plans previously. I did not want to pay for another plan where I could not understand why the plan was any better than what I had. When I expressed this concern, Sukesh explanined how he does things, how he can help limit risk for the sought return and made me see value to hiring him. Like me, Sukesh is an engineer by training (but from IIT, the most elite school in India). So he could understand me extremely well as a client. He brings to the table a rare combination of financial planning skills and analytical abilities. Due to his superb analytical skills, he would crunch numbers to show why a certain plan was better than an alternative, something no other planner I have met could do. Very patient, customer focused and always open to looking at alternate ideas, even if it questions his own recommendations. Over the course of 6 weeks we diligently worked on a plan that both of us felt good about and that he then helped execute. The service he gave was worth every penny I paid for. Highly recommend to anybody who is looking for financial guidance to try a free consultation.

calendar_month7 months ago
perm_identityPramodh Chanumolu

he is excellent and has in depth knowledge about this services

calendar_month7 months ago
perm_identityGaurang Prajapati

I had a great experience working with Goalseek Services for my 2023 & 2024 US tax filing. The team was highly knowledgeable and made the entire process smooth and stress-free. They were prompt in answering all my queries, no matter how small, and provided clear guidance at every step. I really appreciated their attention to detail and timely communication. It's rare to find a service that is both efficient and responsive. Goalseek truly delivered on both fronts. I would highly recommend them to anyone looking for reliable and professional tax assistance.

calendar_month7 months ago
perm_identityElumalai Velusamy

Good Service Good People Best Value

calendar_month7 months ago
perm_identitydialsunny

Anand was highly efficient in filing the tax returns. He is very knowledgeable.

grading
calendar_month7 months ago
perm_identityJadeth De Castro

Everyone in the office were very and friendly! Vik was very thorough and made sure all my bases were covered for my tax filing this year. Thank you to all, and would highly recommend to others!

calendar_month7 months ago
perm_identitySrihaar Atyam

I worked with them in 2023, they are very efficient and patiently responded to my questions. I am planning to work with them in the coming years as well

calendar_month7 months ago
perm_identityKrina

Best CPA i came across who has deep knowledge on tax returns and guide to right way. She is very professional and will explain in details about every options. I highly recommend her

calendar_month8 months ago
perm_identitySaurav Sharma

Very good service.

calendar_month9 months ago
perm_identityCornelius Vaikuntam

I've had the pleasure of working with Giri Lankipalle for my financial services needs, and I couldn't be more impressed! Giri's expertise, guidance, and personalized approach have helped me achieve my financial goals. His ability to break down complex financial concepts into understandable terms is exceptional. Giri's passion for delivering top-notch service is evident in every interaction. I highly recommend Giri Lankipalle for all your financial services needs. You won't be disappointed.

calendar_month10 months ago
perm_identitysunil_littlerock

I wholeheartedly recommend Shree Financials for securing your future and safeguarding your loved ones. Their Life and Health Insurance plans are thoughtfully designed to address key responsibilities, ensuring your family's financial stability while benefiting from tax-free growth. The 401K/IRA Rollovers stand out with unparalleled advantages, including bonuses of up to 30% and protection from market volatility. Their Will & Trust Estate Planning services provide seamless asset management and transfer, offering peace of mind. For education planning, their College Savings Planning presents a flexible, tax-free alternative to traditional 529 plans, even supporting international studies. Shree Financials empowers long-term financial success with expert strategies to reduce taxes, diversify retirement income, and achieve guaranteed wealth generation. Additionally, their Partnership Opportunities offer the chance to get trained, take charge, and reap the rewards—a comprehensive financial growth and security solution!

calendar_month10 months ago
perm_identityYatinkumar Amin

One of the best approaches i have ever seen for knowing and solving any tax related issues. Highly recommended. Will get most satisfaction all time.

calendar_month11 months ago
perm_identitymike arora

Helped me save a bunch on my taxes. They were quick, knowledgeable and extremely helpful.

calendar_month
perm_identityAashish Patel

I would really thank Surya for helping me with my taxes. For me it was very easy and simple process and with having multiple things to take care of while filling i can understand the hassle i would have gone if doing it by myself. The fees charged seemed reasonable and for me it was just uploading couple of docs and my work was done. Surya was really helpful in sorting things for filing.

calendar_month
perm_identityAmrutha Yalla

SureFinBiz Partners has been the most responsive, informative and helpful advisors i have come across. They know the business, and are very professional and knowledgeable. Definitely recommend them to all my friends and family.

calendar_month
perm_identitytricia soliman

Maria has been doing my taxes for the last few years and has done a tremendous job! She is very knowledgeable and thorough.

calendar_month
perm_identityJagmohan Sidhu

I have been a client of NRI Tax Group for the past 8 years, and I can confidently say that Mr. Shamsher and his team provide exceptional service. Shamsher is a highly knowledgeable and experienced tax professional, well-versed in international tax laws, individual, and small business taxes. His expertise is unmatched, and he consistently delivers top-notch service. Not only is the fee structure very reasonable, but the office staff is also welcoming and extremely helpful. The overall experience of working with NRI Tax Group has exceeded my expectations time and time again. I highly recommend NRI Tax Group. Their expertise, reasonable fees, and exceptional service make them stand out in the industry.

grading
calendar_month
perm_identityBreezy C

I worked with Nikil for a year . Great Communication and assertiveness.. pricing is fare. If you are somebody constantly on the go or have a traveling business, working with an online accountant may be within your favor.

calendar_month
perm_identityWayne Thompson

Jagdish and I provide tax and accounting services on various shared clients. He is very helpful and always makes time to provide viable solutions to clients. He is knowledgeable about the tax laws, very proactive in meeting deadlines, and provides great booking services.

calendar_month
perm_identityJyotsna Sharma

They are true professionals who will make you file your tax returns with proper guidance. They ensure discussing every point in detail before filing the taxes. Reasonable as per the professional services they provide. They do help you in case you want to register a Non-Profit organizations. They do provide lot of other expert accounting services.

calendar_month
perm_identityJagadeesht

The reliable place to get the services done with peace of mind.

calendar_month
perm_identityssumit

Venkat is a very knowledgeable professional. He answered all our queries in great detail. He provided us with information about various financial instruments of interest and discussed pros amd cons of each. He is easy to reach and communicate with. He is technologically savy and is respectful of your time. Overall, we had a wonderful experience. Highly recommended!

calendar_month
perm_identityBiswanath Dutta

Mr Jasmin Patel helped with my taxes with very short notice and complex situation. I feel really blessed to find him who goes above and beyond his working hours to make sure he is helping me and all of his clients. I definitely recommend him

calendar_month
perm_identityBryce Earls

Wonderfully knowledgable team. 5 stars and I HIGHLY recommend their financial consulting service! Pleasant office manager as well.

calendar_month
perm_identityAnand Venkataraman

Have used Bhaven for the last 6 years and have only praises for the experience. Highly recommend for simple and complex filling situations

calendar_month
perm_identitySarmed

My suggestion is not to go to SK Associates. I went to get done 2019 taxes everything went smooth and paid. After few months they started sending me new invoices with different amounts for same services which I paid in February 2020. When I had a detail conversion they accepted their mistake but still getting the invoices every other day. Very, very Un-ethical. Plzz don't go to this place it's a rip off.

calendar_month
perm_identityMONEY SINGH

His very nice

calendar_month
perm_identitySujith

Karan was very professional and knowledgeable in his communications. I admire his work

calendar_month
perm_identityHerbert Lewis

I highly recommend Shilpa for all your tax needs. She was quick to answers all our business questions regarding our taxes. She is customer service focused and it shows in the works she delivers.

calendar_month
perm_identity User

felt that Amazing! Highly recommend it!

Everything You Need to Know About Financial & Taxation Services

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FAQ of Audit Review & Compilation Services

  • Why should I hire a professional CPA to prepare my tax return?

    Certified Public Accountants (CPAs) pass an extensive, two-day examination on accounting, auditing, taxation, and business law. They maintain their licenses by taking ongoing classes. CPAs have a depth and breadth of knowledge that most tax professionals do not. Hiring a CPA through Sulekha Financial Taxation Services ensures you have an expert with comprehensive knowledge and up-to-date information on tax laws and regulations.

  • How often should bookkeeping be performed?

    Generally, bookkeeping is performed once per month. However, the frequency can vary depending on the size and needs of your business. New businesses with limited transactions might only need quarterly bookkeeping, while larger businesses with more frequent transactions might need it more often. Regular bookkeeping through Sulekha Financial Taxation Services ensures accurate financial records, aiding in better financial decision-making and compliance.

  • What is tax planning and why is it important?

    Tax planning involves analyzing your financial situation to ensure tax efficiency, minimizing tax liability through strategies such as timing of income, purchases, and investments, and leveraging tax deductions and credits. It is important because it helps minimize tax liabilities, maximizes savings, and ensures compliance with tax laws. Effective tax planning with Sulekha Financial Taxation Services can also help in avoiding penalties and interest charges.

  • How can I minimize my tax liability?

    Strategies to minimize tax liability include taking advantage of deductions and credits, deferring income, maximizing retirement contributions, utilizing tax-advantaged accounts, and seeking professional tax advice for effective tax planning. Implementing these strategies with the help of Sulekha Financial Taxation Services can significantly reduce the amount of tax you owe, allowing you to retain more of your earnings.

  • What are the different types of tax returns?

    The main types of tax returns include: Individual Income Tax Returns (Form 1040): Filed by individuals to report their income, deductions, and credits. Corporate Tax Returns (Form 1120): Filed by corporations to report income, gains, losses, deductions, and credits. Partnership Tax Returns (Form 1065): Filed by partnerships to report income, deductions, and credits, with income passed through to partners. S-Corporation Tax Returns (Form 1120S): Filed by S-Corporations to report income, gains, losses, deductions, and credits, with income passed through to shareholders. Estate/Trust Tax Returns (Form 1041): Filed by estates and trusts to report income, deductions, and credits.

  • What is the difference between tax deductions and tax credits?

    Tax deductions reduce your taxable income, thus lowering your overall tax liability based on your marginal tax rate. Examples include mortgage interest, medical expenses, and charitable contributions. Tax credits provide a dollar-for-dollar reduction in your tax liability, significantly reducing the amount of tax owed. Examples include the Earned Income Tax Credit (EITC) and Child Tax Credit. Sulekha Financial Taxation Services can help you identify and maximize these deductions and credits.

  • How do I handle back taxes?

    Handling back taxes involves filing any past-due tax returns, paying the owed amount, and potentially setting up a payment plan with the IRS. Sulekha Financial Taxation Services can assist in negotiating payment plans and exploring options like offers in compromise. Addressing back taxes promptly can help avoid additional penalties and interest charges.

  • Can financial taxation services help with IRS audits?

    Yes, Sulekha Financial Taxation Services can assist with IRS audits by providing representation, preparing necessary documentation, and offering guidance to ensure compliance with IRS requirements and reduce potential liabilities. Our professionals are experienced in handling audits and can help navigate the process efficiently.

  • What is the Alternative Minimum Tax (AMT)?

    The Alternative Minimum Tax (AMT) is a parallel tax system designed to ensure that high-income individuals and corporations pay a minimum amount of tax, even if they qualify for various deductions and credits under the regular tax system. Sulekha Financial Taxation Services can help you understand if the AMT applies to you and how to manage its impact on your tax liability.

  • What is a tax extension, and how do I apply for one?

    A tax extension provides additional time to file your tax return (typically six months) but does not extend the time to pay any taxes owed. You can apply for an extension using IRS Form 4868 for individuals or Form 7004 for businesses. Sulekha Financial Taxation Services can assist you in filing for an extension and ensuring all necessary forms are completed accurately.

  • What are quarterly tax payments, and who needs to make them?

    Quarterly tax payments are estimated tax payments made four times a year by individuals and businesses with income not subject to withholding, such as self-employment income, rental income, or investment income. Making these payments helps avoid penalties for underpayment of taxes. Sulekha Financial Taxation Services can help you determine your estimated tax payments and ensure they are made on time.

  • What is tax loss harvesting?

    Tax loss harvesting is a strategy to offset capital gains by selling securities at a loss. These losses can be used to reduce taxable capital gains and potentially offset up to $3,000 of ordinary income per year. Sulekha Financial Taxation Services can help you implement tax loss harvesting strategies to minimize your tax liability.

  • What are the benefits of electronic tax filing (e-filing)?

    Benefits of e-filing include faster processing of tax returns, quicker refunds, reduced errors, secure submission, and immediate confirmation of receipt by the IRS. Sulekha Financial Taxation Services offers e-filing options to make your tax filing process more efficient and hassle-free.

  • Can I amend a tax return after it has been filed?

    Yes, you can amend a tax return if you need to correct errors or make changes. This is done by filing IRS Form 1040-X. Sulekha Financial Taxation Services can assist with this process to ensure accuracy and compliance, helping you make the necessary corrections to your previously filed returns.

  • What is the Earned Income Tax Credit (EITC)?

    The Earned Income Tax Credit (EITC) is a refundable tax credit for low to moderate-income working individuals and families. The amount of the credit depends on income, filing status, and number of qualifying children. Sulekha Financial Taxation Services can help you determine your eligibility for the EITC and assist in claiming this valuable credit.

  • How do I choose the right tax professional?

    Choosing the right tax professional involves considering their qualifications (such as CPA, EA, or tax attorney), experience, reputation, fees, and whether they specialize in your specific tax situation. Sulekha Financial Taxation Services connects you with qualified and experienced tax professionals who can provide tailored advice and services to meet your needs.

  • Can financial taxation services help with international tax issues?

    Yes, Sulekha Financial Taxation Services can assist with international tax issues, including compliance with foreign tax laws, reporting foreign income, navigating tax treaties, and addressing expatriate tax concerns. Our experts are well-versed in international tax regulations and can help you manage your global tax obligations effectively.

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