| Introductory |
| We prepare US Federal as well as States' Income
Tax Returns for Individuals and Corporate Tax Returns
(such as 1040 for Individuals, 1120, 1120S for Corporates
and 1065 for Partnership firm). |
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| Preamble |
| The American Institute of Certified Public Accountants
(AICPA), the apex body governing US-based Certified
Public Accountants (CPAs), has given a clean chit
to this practice, despite growing concerns among
US professionals and their clients. The AICPA has
issued New Ethics Rules applicable to their members
concerning their responsibilities when they outsource
their work to BPO service providers in India and
other countries.
These Rules provide for disclosure of outsourcing
to the client first and obtaining their consent.
Further, a contractual agreement is required to
be entered into with the BPO vendor to ensure
the confidentiality of the information provided
during the course of execution of work.
We shall fully ensure that your firm is enabled
to comply with the compatibility Norms contained
in New Ethic Rules of AICPA applicable w.e.f.
July 1, 2005. For this purpose, we shall be pleased
to enter into the contractual agreement with US
Counterpart (with confidentiality clause unto
their satisfaction) to maintain the confidentiality
in a highly professional manner of the information
provided to us. The specimen contract is ready
with us and can be sent to our prospective clients
by email on specific request.
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| Methodology |
| Client's source documents (such as W-2s, 1099s,
K-1s etc.) along with tax organizer/previous year
return are scanned and uploaded (usually as PDF
files), by CPA & CA firms to secure servers
located in the US.
We access the documents and allocate the return
preparation work to the tax team. The tasks are
assigned based on preparer's experience and complexities
involved in doing the return.
The preparers would bookmark and organize the
scanned documents for easy preparation and review.
He/She rolls over prior year’s return and
start inputting the data/information into the
appropriate software. While doing so, any open
items requiring clarifications or additional details
from the clients are listed and sent to the supervisor/client's
attention.
Prepared returns are reviewed by the Supervisors
and intimation about status of completed returns
is sent to the CPA & CA firms for final review
and filing |
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| We also offer the following services to
Non-Resident Indians for their obligations in India
as well as in United States. |
1. Prepare and File your Income Tax Returns.
2. Tax Advisory Services.
3. Manage and maintain your accounts in INDIA
4. Audit the expenditures incurred by you for the
projects undertaken commercially or
on residential accommodations constructed in India
particularly in Northern India.
All this is done by keeping you well informed
through internet via email.
In short, you need not worry about your tax obligations
as well as your investments. |
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