Tax planning is a way to minimize your tax liabilities. There are many allowances, exemptions, deductions, and exclusions in taxes that can reduce the amount a person or a business owes to the state. Tax planning, done with the help of a professional, is completely legal and compliant with IRS standards.
The Importance of Tax Planning for Corporates and Individuals Read More »
When you outsource accounting, you don’t have to worry about recruiting, employee benefits, insurance, on boarding, or any other variables that may drive up operational cost.
Why You Should Consider Outsourcing Accounting Services Read More »
People often use the terms finance and accounting interchangeably, but there are key differences between both. Both finance and accounting are related to the management and administration of a company’s assets. However, both have different focuses. Keep reading this blog to learn the key differences between finance and accounting.
The process of recording your business’s financial transactions in a organized manner is known as bookkeeping. Let’s learn about its significance in detail.
Are you considering buying your first home and are confused about how to handle taxes as a first-time homeowner? Tax laws vary significantly state by state. Thus, handling taxes as a new homeowner can be overwhelming, especially since you’re setting up all kinds of new systems.
Running a business is difficult enough, and maintaining your accounts, revenue, expenditures and taxes may make it much more difficult to manage; as a result, your business may incur various financial losses.
Filing your taxes can be a hectic and time-consuming process. Unless you have the relevant tax knowledge and expertise, understanding and accurately reporting your taxes may take forever. On the other hand, if you’re not careful, you might end up with errors that can result in penalization from the IRS.
The employees and employers pay payroll taxes to the federal and local governments. These taxes include all the withheld taxes from the paychecks and any taxes paid by the employer. These may include: Medicare tax State and federal unemployment taxes State and federal income taxes And finally, the social security taxes
Strategic tax planning allows a business to analyze and arrange their financial situation in such a way that they can maximize their tax breaks and efficiency minimize their tax liabilities.
CPA, CTC, CA, Master of Commerce (India)
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Nidhi Jain is a CPA and Indian CA providing services in US and India. We serve Bay area including South Bay, Sunnyvale, San Jose, Milpitas, Fremont, East Bay, Trivalley, Pleasanton, Livermore, Dublin and San Ramon. We specialize and have extensive experience to best serve our clients with complex tax situations like: Asset Inheritance and Gift from Foreign countries, Repatriating Money from Foreign countries, FBAR Filing (Foreign Bank Account Reporting), Incorporation of US Entity by International Clients, International Tax reporting and compliance of selling property abroad, Tax Planning and Advisory Service
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