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Outsourced Tax Planning And Filing

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Welcome to Preferred Tax Consultancy

Your Trusted Partner for Tax Filing Services Navigating the complexities surrounding tax regulations can be a daunting task for businesses, especially in the ever-evolving landscape of the United States tax code. From complex deductions and credits to changing compliance requirements, staying ahead of the curve requires expertise and dedication. This is where Preferred Tax Consultancy steps in, offering comprehensive tax filing services tailored to the unique needs of your business.

Providing Services For
1. Individual 1040 (Form 1040):
Filed by U.S. citizens, resident aliens, or certain nonresident aliens to report personal income, deductions, and credits.
2. Expatriates 1040 (Form 1040):
For U.S. citizens or resident aliens living or working abroad, often accompanied by additional forms like Form 2555 to claim foreign income exclusions.
3. Nonresident Individual 1040NR (Form 1040NR):
Filed by nonresident aliens with U.S. income, but not meeting the substantial presence test.
4. Nonprofit Entities 990 (Form 990):
Filed by tax-exempt organizations, such as charities, to report financial information to the IRS.
5. Estate and Trusts 1041 (Form 1041):
Filed by estates and trusts to report income, deductions, and distributions.
6. Partnerships 1065 (Form 1065):
Filed by partnerships to report income, deductions, and credits, with information on partners and their shares.
7. S Corporations 1120S (Form 1120S) :
Filed by S corporations to report income, deductions, and credits, with shareholder information.
8. C Corporations 1120 (Form 1120):
Filed by C corporations to report income, deductions, and credits, for standard corporate taxation.

Guaranteed Accuracy

1. Why Outsource Your Tax Filing Needs?

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At Preferred Tax Consultancy, we understand that tax season can be a stressful and overwhelming time for businesses. Our goal is to alleviate that burden by providing expert tax filing services that ensure compliance, maximize deductions, and minimize liabilities. Here's why outsourcing your tax filing needs to us can be beneficial for your business

2. Expertise and Experience

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Our team of seasoned tax professionals brings years of experience and in-depth knowledge of the US tax code to the table. From corporate tax returns to individual filings, we have the expertise to navigate the intricacies of federal, state, and local tax regulations, ensuring that your tax obligations are met accurately and efficiently. With Preferred Tax Consultancy, you can rest assured that your tax filings are in capable hands.

3. Time and Resource Savings

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Tax preparation is a time-consuming process that requires meticulous attention to detail. By outsourcing your tax filing needs to Preferred Tax Consultancy, you free up valuable time and resources that can be redirected towards core business activities. Say goodbye to countless hours spent over tax forms and calculations. Our efficient processes and streamlined workflows ensure prompt and accurate tax filings, allowing you to focus on growing your business.

4. Maximizing Deductions and Credits

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The US tax code is rife with opportunities for businesses to save money through deductions and credits. However, identifying and maximizing these tax-saving opportunities requires a keen understanding of tax laws and regulations. Our team is well-versed in identifying eligible deductions and credits specific to your industry and business circumstances, helping you minimize your tax liabilities and maximize your bottom line.

5. Compliance and Risk Mitigation

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Failure to comply with tax regulations can have serious consequences for businesses, including hefty fines, penalties, and even legal action. With us, you can rest easy knowing that your tax filings are in full compliance with all relevant laws and regulations. Our rigorous quality control measures and thorough review processes ensure accuracy and completeness, minimizing the risk of errors and audit triggers.

6. Personalized Service and Support

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At Preferred Tax Consultancy, we understand that every business is unique, with its own set of tax challenges and objectives. That's why we take a personalized approach to our tax filing services, taking the time to understand your business and tailor our services to meet your specific needs. From proactive tax planning to responsive support throughout the year, we're committed to providing the highest level of service and support to our clients. Contact us today to learn more about our comprehensive range of tax solutions and how we can help take the stress out of tax season for your business. With Preferred Tax Consultancy, tax filing has never been easier or more hassle-free.

Skills

  • Atleast 5-6 Tax Season Experience
  • Bachelor's Degree (Accounting) or CA-Inter (Semi Qualified Chartered Accountant – India)
  • Proficient with Microsoft Office Suite and Tax Preparation Software - UltraTax
  • Fundamental Understanding Quickbooks and US Accounting
  • Year End Accounting and Adjustments and tying Retained Earnings / Capital Account
  • Individual Tax Preparation – Form 1040
  • Business Tax Preparation– Form 1065, 1120S and 1120 (C-corp)
  • Multi-State Tax Preparation – Form 1040, 1065, 1120S and 1120 (C-corp)
  • Researching tax issues and assisting with tax audits
  • Tax Planning & Tax Research
  • Client communication for open items and missing tax documents
  • Filing FBAR - Form 114
  • Filing FATCA - Form 8938
  • Foreign Forms Preparation - 5471, 5472, 1116, 2555

FAQ

1: How can professional tax filing services benefit my business?


Our expert tax filing services streamline the tax season, ensuring accuracy and compliance while maximizing deductions to minimize your tax liabilities. With our assistance, you can navigate complex tax codes confidently, freeing up your time to focus on growing your business.

2: What documents do I need to provide for tax filing services?


Generally, we require documentation such as income statements, expense records, receipts, and any relevant financial documents specific to your business. Our team will guide you through the process and ensure all necessary paperwork is complete and accurate.

3: How do you ensure compliance with tax regulations?


Our team comprises experienced professionals well-versed in tax laws and regulations. We conduct thorough reviews of your financial information, apply relevant deductions and credits, and adhere strictly to compliance standards, minimizing the risk of audits or penalties.

4: Can your tax filing services handle complex tax situations?


Yes, our tax experts are equipped to handle a wide range of complexities, including multi-state filings, international tax obligations, and intricate business structures. We customize our approach to suit your unique needs, ensuring comprehensive and accurate tax filings.

Professional accounting, personalised for you