Income Tax Return
We prepare your taxes providing you with the best solutions while being compliant with current laws.
EIN (Employer Identification number)
Employer identification numbers are issued for the purpose of tax administration and are not intended for participation in any other activities. You may apply for an EIN if your principal business is located in the United States or U.S territories.
Profit and Loss
An Income Statement or profit and loss account is one of the financial statements of a company and shows the company’s revenues and expenses during a particular period. It indicates how the revenues are transformed into the net income or net profit.Furthermore, It gives a clear picture of whether a company’s operations are resulting in a profit or loss after taking into account all related expenditures. This way , the company can take corrective actions if there is a need.
Offshore Voluntary Disclosure
Previously the IRS had two programs, Offshore Voluntary Disclosure Program(2009) and Offshore Voluntary Disclosure Initiative(2011) which have been discontinued. In their place the IRS implemented a new program. The main difference to the new OUDP is that there is no deadline. We can explain your options on offshore voluntary disclosure and explore solutions for you.
Program/ Tax Amnesties
Tax Amnesty is a limited-time opportunity for a specific group of taxpayers to pay a defined amount , in exchange for forgiveness of a tax liability including interest and penalties relating to a previous tax period or periods and without fear of criminal prosecution.
Worker’s Compensation exemption
Worker’s compensation insurance is a requirement in most states for businesses that have employees. However, in some cases, business owners and workers can be exempt.
We will be glad to do the worker’s Compensation exemption for your business if your business qualifies for it.
Audits
An audit is an official inspection of an individual or organization`s accounts. The auditor will examine your business’s financial records to verify that they are accurate. We can certainly help you prepare for an audit.
1031 Exchange
A 1031 exchange is a swap of one investment property for another that allows capital gain taxes to be deferred. A 1031 exchange is reserved for property held for productive use in a trade or a business or for investment. This means that any real estate property held for investment purposes can qualify for 1031 treatment, such as an apartment building, a vacant lot, a commercial building or even a singl-e family residence.
