- 631-443-3482 (Pin: 96767)
- Parsippany, NJ
- 848-225-8847 (Pin: 45496)
- Parsippany, NJ
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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 help...
From the Business : Virtual Accounting and Tax Solutions Inc, based in Parsippany, New Jersey, provides a full range of tax preparation, accounting and bookkeeping services, either in your facility or at our location. Specialized in international taxation NRI taxation FBAR filing. Services offered include Tax Return Preparation, Tax Audit Representation, Strategic Tax Planning & Consulting, Transaction Structuring, Business Consulting, Financial Planning, Accounting & Bookkeeping Services, and payroll Service Bureau. I also provide 1.0 free review to potential client, high income earner c...
From the Business : Sandu Wealth Builders is a financial services firm dedicated to helping individuals and businesses achieve financial growth and stability. The company specializes in wealth management, investment planning, and strategic financial solutions tailored to clients’ unique goals. With a commitment to financial education and smart investment strategies, Sandu Wealth Builders provides expert guidance to build and preserve wealth over time. Whether assisting with financial planning, asset management, or long-term investment strategies, the firm focuses on empowering clients with the knowledg...
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.
From the Business : I am one of the most distinguished Financial & Taxation Services in Pleasanton, CA. I specialize in Bookkeeping,Business Tax Planning,Financial Planning,Income Tax Filing,Income Tax Preparation,Payroll Processing,Tax Preparation Services SNP Tax & Financials founded by professionals with over 10+ years of experience to handle all types of Individual, Business Tax filings and Business formation, etc. We have great expertise in finance, bookkeeping, taxation, and business consulting.We know tax. More importantly, we thrive on relieving our clients’ workload, freeing them from ...
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 b...
From the Business : Deepak Malhotra is a Certified Public Accountant (CPA) practice based in Edison, New Jersey. Deepak Malhotra can assist you with your tax preparation, planning, bookkeeping, and accounting needs. He is an IRS registered tax preparer in Edison, New Jersey. If you are a taxpayer or a small business owner and looking for some assistance in tax filing preparation then Deepak Malhotra can be of assistance to you. For more details contact him. We use unique approach to identify the areas where planning is required to save taxes. We plan for your future by advising you best way to manage ...
From the Business : Rashmi Satyadeo CPA in New York is specialized in Accounting services, financial consultant new york, Taxation services, Tax Preparation services, Book Keeping, Business Related services, Payroll Processing and Finance & Accounting Training. They are servicing throughout the United States and Canada. Some of the following services they are well versed are Business Incorporation, End Wage Garnishment, IRS (Internal Revenue Service) Audit, Past Tax Collection, Reduce IRS Penalties and Release IRS Levy. For years, Rashmi Satyadeo CPA has been providing high quality, personalized fi...
From the Business : Real-time FinanceFix. My name is Anand Balakrishnan, and I bring 20 years of accounting experience in North America to the table. Holding an MBA in Finance & Accounting, I have effectively served as a CFO for a medium-scale company, guiding organizations through their financial complexities. At Realtime FinanceFix, we are committed to delivering exceptional advisory services tailored to meet your specific requirements. Real-time FinanceFix is a seasoned accounting services provider with nearly two decades of experience catering to small businesses. Our array of services encompas...
From the Business : With passion and carefulness, Texas FinServ Inc wants to save your money as well as develop your business. From bookkeeping to taxation, you will have a worry-free experience with our professional service and enjoy your time in our office. We are committed to provide you with high-quality service and less costs for using our services. Our success is based on your success. Contact us for a free consultation, to learn how we can save you time and money with our comprehensive for Businesses and Individuals Tax Preparations. 29 years of professional experience that expands over five co...
From the Business : We specialize in filing taxes for H1 Visa Holders. US Citizens. The majority of our clients are virtual and are Software Engineers and/or working in the tech industry. We file taxes remotely via a secure way of sharing documents and assist all our clients virtually. We are a simple, honest family-owned business that offers a broad range of tax services including tax preparation, tax filing, and foreign taxes. Our focus and goal are to help our community by lowering tax payments and increasing tax refunds. We have helped thousands of software engineers who have built a well-known rep...
From the Business : Ankita Amin CPA, CA is a managing owner of the firm. She has experience of 5 years working in India and 9 years working in USA in the field of accounting, taxation, auditing, and financial consulting. She aims to provide quality services to her clients on all aspects of taxation and financial services Being in business has many tax filing obligations such as sales tax, payroll tax, corporate franchise tax, federal & state business tax returns (corporation/partnership), federal informational returns, and individual tax returns. We can assist you by preparing the required forms a...
From the Business : At GoalSeek, We have got a team of enthusiastic cutlets providing clients, Accounting, taxation, and Payroll related Services. Working with over 150 clients on a monthly basis for their Bookkeeping and Tax planning, our team is expert and passionate in this field. We aim to create value for a client and make sure that they get value for their money they spend on us.
From the Business : Once again, tax season is here! and WhizHub will be pleased to invite you, to have your tax return prepared by our professional employees. Our mandate is to provide quality service at a fair price. We are also committed to be accessible to you for any questions that you may have thereafter. We are open year around to meet these goals.We are IRS authorized E-file provider and ITIN Acceptance agent and specialize in personal taxes and ITIN applications. Thank you for the opportunity and the privilege to introduce the services offered by us:--Free Refund Estimate with pre-filing consul...
From the Business : NRI Tax Group provide clients and potential clients with information concerning our firm and our unique, low-pressure approach to personal and professional services. We have an excellent client-retention rate, and we are extremely proud of the high-quality services that our firm provides.
From the Business : We are one of the most distinguished Financial & Taxation Services in Princeton, NJ. We specialize in Accountant Services, Bookkeeping, Business Entity Selection, Financial statement Analysis, Foreign Accounts Disclosure, Income Tax Filing, Income Tax Preparation, Incorporation Service, International Tax Consulting, Payroll Processing, Personal Tax Planning, Tax Consultants Services, Tax Preparation Services
From the Business : Over 11 years, our team has been managing your business accounting and tax needs. We are your partners in ensuring compliance while you strive for personal & financial growth so you accomplish new heights every year. Our team is dedicated & focused on your success and helps you to achieve your set goals with high standards of excellence and professionalism. With our experience in the tax industry and updates occurring in tax laws and other areas every tax year, we have served individuals and businesses in varying industries, including technology, retail, wholesale, child car...
From the Business : We are a full-service Accounting firm licensed in IL. We provide best bookkeeping services. We offer a broad range of services for business owners, executives, and independent professionals. We are affordable, experienced, and friendly.
From the Business : EasyTaxFiler in Edison, NJ, is your go-to for making taxes easy! With a focus on small businesses and individuals, we offer top-notch tax consulting, advising, and financial services. Our team, specializing in tax strategy, is here to ensure your financial success. Let’s tackle those taxes together! We believe in the value of relationships. We view every client relationship like a partnership and truly believe that our success is a result of your success. We are committed to providing close, personal attention to our clients. We take pride in giving you the assurance that the perso...
From the Business : Devesh Pathak CPA in Houston is specialized in Financial and Taxation services, Tax Consultants services and Tax Preparation services. They are servicing throughout the United States and Canada. They are also skilled in providing the following services like Corporate Tax, Federal State Tax Filing and Tax Implications. They have over 10 years of experience in financial and taxation services. They can be reached only on weekdays from 9:00 to 17:00. They strongly believes that your need their need and your satisfaction is their reward. They go beyond Financial Statements, Audit and Tax...
From the Business : Agog Financials, Inc in Mc Lean is specialized in Tax Consultants Services, Tax Preparation Services, Book Keeping, Payroll Processing and Finance and Accounting Training. They are servicing both in US and Canada. They are expertise in FBAR fillings. They offer their clients with the most timely and authoritative tax resolutions so that you can make an informed decision. Their main objective is to learn about the clients issues and challenges by understanding the environment in which they conduct their business and provide efficient ways to manage the complexities, whether it is an ...
From the Business : Our principal, Arun Kaushal, began his ventures in 1987 as a Chartered Accountant in India. He became a Certified Financial Planner as well in 2007. His knowledge and skills allowed him to then start DAS Financials in 2015. Also, by being originally from India, he is also fluent in both English and Hindi. As a firm that is large enough to offer a full range of professional services, but small enough to give you the individual attention you deserve, we always treat you like a client who matters. We will thoroughly and conscientiously review your situation, and tailor our advice to y...
From the Business : Earning the trust of our customers by providing complete satisfaction in meeting their accounting and taxation needs, through timely compliance with tax and other laws of the countries in which they operate. We do this with our value added, result oriented approach in a courteous, dedicated, professional, responsible, and in an efficient manner while maintaining an uncompromising standard of ethics and integrity.Earning the trust of our customers by providing complete satisfaction in meeting their accounting and taxation needs, through timely compliance with tax and other laws of th...
From the Business : Here at Jain Consulting, we understand the breadth of knowledge and level of attention required to manage the financial issues your business will experience. As a trusted Cary, NC Tax, Accounting & Payroll firm, we provide a wide range of customized, accurate accounting services. From day-to-day bookkeeping to making informed decisions about hiring more employees or investing in a big purchase, we’re ready to partner with you to help ensure your success. In addition, we can assist you with strategic tax planning to limit tax liabilities while garnering the highest profits possib...
From the Business : Dikesh B Patel CPA, Sankhya LLC in Parsippany is specialized in Accountant services, Finance & Taxation services, Tax Preparation services, Book Keeping, Business Related services, Payroll Processing and Finance & Accounting Training. They are servi...
From the Business : Abhishek Chawla, is a Tax Return Preparer for Enrolled Agent available in Parsippany, NJ. He offer a broad range of services for business owners, individuals, executives, and independent professionals. He help you to simplify what can be a complicat...
From the Business : Acctax Solutions Inc offers Accounting and Bookkeeping Services, Taxes: Induvidual, Corporation and Partnership, Payroll Services and Sales Tax Returns, New Business Set-Ups, Appointments Available at Evening and Weekend. For more information conta...
From the Business : Suresh Patel CPA, is a desi CPA & a full-service accounting and consulting firm,established since 1993. We offer a wide range of services that go beyond the traditional tax an audit service. The firm works with both small business owners and individ...
From the Business : Debdatta Chatterjee, is a Tax Return Preparer for Enrolled Agent available in Parsippany, NJ. His goal is to make the preparation process as easy as possible for you and minimize your tax liability with careful planning. He specializes in helping in...
From the Business : Swati Choudhary is a Tax Return Preparer for Enrolled Agent available in Parsippany. She specializes in helping individuals and small businesses resolve their tax problems. She is dedicated to providing high-quality services while maintaining the hi...
From the Business : Parsippany Tax and Accounting Corp is a full service Accounting firm located in Parsippany, New Jersey. Incorporated in 2010, the principal of the firm is Bimal Gupta. He is a Certified Public Accountant, Certified ProAdvisor and has an MBA in Finan...
From the Business : Piyushkumar Ajvalia is a tax preparer available in Hiawatha, NJ. He provide accounting, bookkeeping and taxation services etc. We provide service for Individual and Corporate Tax Returns by qualified tax professionals. For more details contact us.
From the Business : Our offer can help you prepare for the expected and unexpected things in life. As a result, you can feel more confident and secure about your financial future. We work with individuals, families, and businesses to help these clients understand their...
From the Business : Ankit K. Patel provides assist in the preparation and filing of returns for Individuals, Estates & Trusts, Partnerships, Corporations and Political Organizations. For further inquiries, kindly contact Ankit.
Excellent services, great knowledge and experienced professionals! They have all that you might need for the successful tax preparation. I am glad that I take their assistance for all my accounting needs. Thank you, guys, for the best solutions!
Quick. Knows his stuff. Very friendly.
Awesome service, available anytime, great knowledge
I am impressed by Mr. Jagdish Shaw's interest, Knowledge and follow up
Jagdish was very helpful to help me revise my taxes
Very professional, on-time response, easy to communicate and gives good return. Thanks for the help. Highly recommended.
I had great experience with Virtual account and tax solution. They are knowledgeable, friendly and very responsive.
I have been with Virtual accounting for last Sis years , there service is awesome, I am extremely satisfied , they answer your question even though off hours .
Great professionalism , always very accurate , great counselor. Always on top of things , always on time. Great knowledge of how to work out taxes personal and for the company. Highly recommended.
Jagdish Shah from Virtual Accounting is very professional and accurate with his work. Does everything on time and he is very knowledgeable. I highly recommend him.
I recommended Mr. Shah for tax consultations, he is very knowledgeable and has good work ethics and co-ordination skills. He not only prepared my taxes but also helped resolve the queries I received from the IRS after tax filing.
Great service! I did my tax returns through Jagdish and he was great, communicative and helpful through out the process. No errors and very knowledgeable. Will use the service again in the future.
We've been using Jay Shah from Virtual Accounting since 2016 and I can only say that it's been the best Accounting decision we've made. He's very thorough and prompt with his compilations and reports. We need to submit Financial Audits every year and Jay has been very diligently providing all extensive Bookkeeping reports to our CPA to assist him with the Audit. He also assists us with business forecasting, budgeting resources and utilizing receivables tracking mechanisms. All in all I would've given him a Seven Star rating if it was available.
We would really recommend this team for all tax needs. They were able to help us file our taxes on time and did not delay the process. They were available to answer questions and got back to us in a timely manner. Will definitely be using them year after year for our tax filing.
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.
I used Mr Jagdish's service for personal tax prep and he did an overall excellent job for a very reasonable price. My case was a little complicated and he was thorough in his manner and patient in answering my questions. I tried another service before him, rated highly on Sulekha and they were a horror story- weeks of back and forth, constantly having to follow up. In this business timeliness and communication are as important as skills and on that front, Mr Jagdish was very professional in his communication and quick to reply. As the name suggests, Virtual Accounting is a remote service and is completely online; I don't live in NJ (out of state) and that was no issue. No messy in-person meetings and physical mails! Definitely recommend!
I reached out to Mr.Jagdish as we were looking for some help this year. We had to file an additional state tax and we had a few additional questions this year and so we decided to pay for a CPA. I'm so glad we did! First, Mr.Jagdish is extremely professional and very responsive. He responded within 15 minutes of sending a generic request over email on a Saturday afternoon. Second, he sent timely reminders to send over additional documents so the process didn't stall for too long. Third, after completing our taxes he did a comparative analysis of how our taxes/withholding changed from the previous year. It helped us understand a few things about tax withholding and planning for next year. Fourth, we had some questions that required additional research and he was extremely thorough and charged a reasonable fee for his consultation. Finally, we are buying a home this year and we are going to schedule a follow up session to optimize our withholdings and retirement savings in order to avoid lumpy tax bill next season. As others have already stated in their reviews, he conducts his entire business virtually which is a great benefit in and of itself. After the initial conversation with him, I didn’t even bother with shopping around as I genuinely appreciated his responsiveness and professionalism. I highly recommend his firm!
Jay was kind enough to call me on a Sunday. I have been trying for months to get some answers regarding an overseas small business I inherited , tax implications, laws, and several other situations, including ones here the states. He was very patient and was able to provide some clarification and was of great assistance. I will be using his services in the foreseeable future. If you want someone who knows what they are doing, then I highly recommend this company.
I have been working with Mr.Jagdish Shah for filing my personal and business taxes for the last 3 years and I have had a great experience with tax filing. I have received excellent tax guidance and he has been very prompt in responding to any questions i had. I have seen substantial tax saving while working with Mr.Jagdish and would be working with him in the future as well. I have no hesitation to recommend him for your tax filing needs.
he is kind and nice person . we like the way he work and our tax filling and other things were handled by raman sir . we been know for 1 year . thanks
Very professional. Takes the time to ask important relevant questions. Handles his practice and clients (me) with utmost respect. I would recommend Raman Abrol to anyone looking for excellent service.
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.
I have been with Virtual accounting for last Sis years , there service is awesome, I am extremely satisfied , they answer your question even though off hours
I wanted to write and thank Virtual Accounting and Tax Solutions Inc. (Mr. Shah) for your prompt and thorough accounting services for my son and myself. I came to you with a complex tax picture where having foreign liquid assets. After I provided you with initial documentation, you went right to work and prepared the needed documents in short order. Not only did I avoid a large tax bill, but also I actually received money back from the government, which is a welcome change. You were knowledgeable about common accounting and tax practices, and exhibited a quick grasp of our personal tax position. You prepared the needed papers swiftly and provided me with the information necessary to avoid common pitfalls later on. Thanks for your very professional accounting work, and I look forward to a continued working relationship in the future. 02/27/2023
Great service! I did my tax returns through Jagdish and he was great, communicative and helpful through out the process. No errors and very knowledgeable. Will use the service again in the future.
Very professional, on-time response, easy to communicate and gives good return. Thanks for the help. Highly recommended.
I have been working with Mr.Jagdish Shah for filing my personal and business taxes for the last 3 years and I have had a great experience with tax filing. I have received excellent tax guidance and he has been very prompt in responding to any questions i had. I have seen substantial tax saving while working with Mr.Jagdish and would be working with him in the future as well. I have no hesitation to recommend him for your tax filing needs.
Jagdish Shah from Virtual Accounting is very professional and accurate with his work. Does everything on time and he is very knowledgeable. I highly recommend him.
Jay Shah is service is good , and he is able to file 2 C-corp businesses tax filing very minimal time before Due date. I am happy for his work
Jagdish was very helpful to help me revise my taxes
Jay was kind enough to call me on a Sunday. I have been trying for months to get some answers regarding an overseas small business I inherited , tax implications, laws, and several other situations, including ones here the states. He was very patient and was able to provide some clarification and was of great assistance. I will be using his services in the foreseeable future. If you want someone who knows what they are doing, then I highly recommend this company.
Awesome service, available anytime, great knowledge
We would really recommend this team for all tax needs. They were able to help us file our taxes on time and did not delay the process. They were available to answer questions and got back to us in a timely manner. Will definitely be using them year after year for our tax filing.
Great professionalism , always very accurate , great counselor. Always on top of things , always on time. Great knowledge of how to work out taxes personal and for the company. Highly recommended.
Worked with Mr. Jagadish Shah. The process was smooth and he made sure to educate us about all the areas for maximizing the returns. He is very diligent.
Jagdish is very professional when doing taxes. He understands client requirements and give suggestion to save taxes. Will recommend his services.
Jagdish is very good professionally in understanding the requirement and getting back in preparing the tax solution for your needs. He always puts the client first and i recommend jagdish to all my friends and i am sure you would feel the same after the interaction with him.
Very professional. Takes the time to ask important relevant questions. Handles his practice and clients (me) with utmost respect. I would recommend Raman Abrol to anyone looking for excellent service.
Mr. Jagdish takes extra attention and follows up with series of questions and recommendations to cater to an individual's tax needs. The process is super easy. He is kind enough to answer my questions and provided some valuable suggestions. Thank you Jagdish for filing my personal tax returns within in couple of hours after contacting you.
Very knowledgeable, personable and available to solve your tax needs.
The service Jagdish was excellent. He asked the requirements and question to the point and very clear. The service provided was timely. My experience is excellent and already referred to my friends.
Experienc professional! They are the perfect successful tax preparation. I am glad that I take their assistance for all my accounting needs. I appreciate that Jagdish Bhai is Fully focus on client need, excellent follow-up , A perfect advisor for tax planning , A very good advisor for long term planning , dedicated to client and work , flexible, trustworthy, creative , timely compliance to IRS , transparent and fully supportive solutions!
He was great and did everything’s I asked for. Definitely recommend anyone to go to him for tax and accounting services
I had a complicated case with foreign income and few other issues but Mr. Shah did an amazing job in explaining everything and helping me every step of the way ....highly highly recommend
They have expert and experienced tax preparers who will help you by using their professionalism in the tax preparation. In order to keep your accounts in the right manner, I would highly recommend the services of these guys to you.
I had a great experience with Virtual Accounting & Tax Solutions. Everyone working there was warm and inviting. And got my taxes done efficiently and quickly. I've recommended them to a lot of my friends and family over the years. And everyone's had the same experience.
Our second year getting our taxes done here. Virtual Accounting & Tax Solutions is the best! She's knowledgeable and so helpful, especially towards our profession and filing taxes for it. No fuss so we were in and out of there! Guys, you are the best!
Excellent services, great knowledge, and experienced professionals! They have all that you might need for successful tax preparation. I am glad that I take their assistance for all my accounting needs. Thank you, guys, for the best solutions!
Yes, you can get an advance on your tax refund, but it depends on the tax preparation service you choose. Some tax services offer refund advances, where they provide you with a portion of your expected refund upfront. This is typically available through a short-term loan, and eligibility may vary depending on the service provider and your creditworthiness.
Most nonprofits file an annual reporting return called IRS Form 990. This form provides the IRS with information about the nonprofit's activities, income, expenses, and governance. The purpose is to ensure that the nonprofit remains compliant with tax-exempt regulations. Smaller nonprofits may file a simplified version, such as Form 990-EZ or Form 990-N, depending on their revenue.
State governments primarily collect income taxes (where applicable) and sales taxes on goods and services. Local governments, which include cities, counties, and school districts, typically collect property taxes. Property taxes fund local services such as schools, police, and infrastructure. The specific taxes collected can vary by state and locality, with some areas imposing additional taxes like local income or sales taxes.
In the United States, income tax is paid by individuals, including residents and certain non-residents, as well as corporations. Individuals contribute through federal and state income taxes, while corporations pay corporate income taxes. Additionally, other taxes such as estate tax (on large inheritances), excise tax (on specific goods like gasoline), and payroll tax (for Social Security and Medicare) are also paid by individuals and businesses.
Yes, some financial advisors do prepare tax returns, although this is not their primary role. Financial advisors typically focus on broader financial planning, including investment strategies, retirement planning, and estate planning. However, some financial advisors offer tax preparation services or collaborate with tax professionals to ensure that their clients' financial plans are tax-efficient.
The terms "financial advisor" and "financial consultant" are often used interchangeably, as they generally refer to professionals who provide advice on financial matters such as investments, retirement planning, and estate planning. While there is no significant difference, "financial consultant" is sometimes used to describe professionals who offer more specialized advice or consulting services, but the distinction is largely based on terminology rather than function.
Yes, a financial advisor can help with estate planning, although the primary role in estate planning is typically played by an attorney. Financial advisors work with clients to understand their financial goals and needs, helping to structure estate plans in a way that maximizes the value of the estate and minimizes taxes. They often collaborate with attorneys to ensure that the legal aspects of estate planning, such as creating wills and trusts, are aligned with the client's overall financial strategy.
The average cost for tax preparation services in the USA is around $176 for a simple return. The cost can vary depending on the complexity of your tax situation, the experience level of the tax preparer, and the region in which you live. For more complex returns or if you require additional services like tax planning or audit support, the cost may be significantly higher, potentially exceeding $300 or more.
Non-citizens, including non-resident aliens, may be required to pay taxes in the US depending on their residency status and income sources. Generally, non-residents pay taxes only on income earned from US sources, while resident aliens (those who meet the substantial presence test) are taxed similarly to US citizens on their worldwide income. However, the specific tax obligations can vary based on tax treaties between the US and the non-citizen's home country, which may offer tax exemptions or reduced tax rates for certain income types.
Tax preparation services involve professionals who assist individuals and businesses in preparing and filing their tax returns. These services ensure that tax returns are accurate and compliant with federal, state, and local tax laws. Tax preparers help identify eligible deductions and credits, aiming to minimize the taxpayer's liability and maximize their refund. Some tax preparers also offer additional services like tax planning, audit support, and filing extensions.
Using professional tax preparation services ensures that your tax return is accurate, timely, and maximizes your tax savings. Tax professionals are knowledgeable about the latest tax laws and regulations, which can help you avoid costly mistakes and penalties. They also provide personalized advice to optimize your tax situation, potentially saving you more money than the cost of the service. For complex tax situations or if you are unsure about your tax obligations, professional assistance can provide peace of mind and reduce stress.
A tax preparer is someone who specializes in preparing and filing tax returns. They may or may not have formal qualifications, but they are skilled in completing tax forms and ensuring compliance with tax laws. A Certified Public Accountant (CPA), on the other hand, is a licensed professional with a broader scope of expertise, including tax planning, financial analysis, auditing, and consulting. CPAs can handle more complex tax situations and offer comprehensive financial advice beyond just tax preparation.
Yes, many tax preparation services, including those offered by Sulekha, include tax planning as part of their offerings. Tax planning involves making strategic financial decisions throughout the year to minimize tax liability and maximize savings. This can include advice on retirement contributions, investments, deductions, and timing of income and expenses to optimize your tax situation. Effective tax planning can help you avoid surprises at tax time and ensure that you are taking full advantage of available tax benefits.
The time required to prepare and file your taxes depends on the complexity of your tax return and how organized your documentation is. Simple tax returns can be prepared and filed relatively quickly, often within a few hours. However, more complex returns, especially those involving multiple income sources, deductions, credits, or business income, may take several days or even weeks to complete. Providing complete and accurate documentation to your tax preparer can significantly speed up the process.
You will need to provide a variety of documents for tax preparation, including W-2 forms (for employment income), 1099 forms (for other income such as freelance work or investment income), receipts for deductible expenses (such as medical costs, charitable donations, and business expenses), mortgage interest statements, and any other relevant financial records. It's important to gather all necessary documentation ahead of time to ensure that your tax return is accurate and that you receive all eligible deductions and credits. Most tax preparers provide a checklist to help you organize these documents.
In today's dynamic economic landscape, tax policy uncertainty
What is Self-Employment Tax? Self-employment tax is a critical aspect of managing your finances as a self-employed individual. Unlike traditional W-2 employees, self-employed individuals must handle their own Social Security and Medicare taxes, collectively known as self-employment tax. This tax ensures that self-employed workers contribute to these essential programs. How much is Self-Employment Tax?
What is the Child Tax Credit? The Child Tax Credit (CTC) is a U.S. tax benefit that helps families manage the financial responsibilities of raising children. It reduces tax liability for eligible parents and offers partial refunds even if no taxes are owed. To qualify, the child must meet specific criteria, including age, relationship, residency, and citizenship. The credit supports essential expenses like childcare and education, providing financial relief and stability for families.
International conflicts can have far-reaching consequences, not just on geopolitics but also on the global economy. The ongoing situation in Ukraine serves as a stark reminder of how these events can influence taxation and investment landscapes, creating challenges and opportunities for individuals and businesses alike.
