Our Services

All financial reporting/support task for management & CFO

• Help in preparing SOPs
• Document/Report Important Observations/Variances with 
• meaningful Insights
• Financial Statement Comparative Analysis & Budget v/s Actual, 
• Cashflow, Past Years, Costing, Sales etc
• Assisting and Support in CFO works and General Financial 
• Management & Analysis

• Annual Tax Optimization - Gathering Comprehensive Financial Documentation such as Bank Statements, Credit Card Statements, Check Stubs, Invoices, etc.
• Compiling a Spreadsheet/CSV for Seamless Import into QuickBooks (Monthly/Quarterly/Yearly)
• Recording Adjusting Journal Entries - Aligning Books with Bank/Credit Card Statements, Incorporating Intra-Company Transfers, Depreciation, Meals & Entertainment, Insurance, Lease Adjustments, Payroll, Sales Tax Reconciliations, and other pertinent business entries
• Formulating Fixed Assets/Amortization Schedules
• Chasing Down Missing Information - Addressing Pending Items via Client Email Communication
• Tax Coding of Accounts to Facilitate the Preparation of a Trial Balance for Tax Returns
• Reporting and CFO Support - Handling all Financial Reporting and Support Tasks for Management and CFO
• Yearly Financial Review - Preparing the Trial Balance for Input into Tax Software
• Inputting the Final Trial Balance into the Tax Software for Accurate Tax Return Filings
• Implementing Tax Adjustments within the Tax Software for Enhanced Tax Optimization

• Sales Data Compilation - Generating Internal Sales Reports from POS/ERP, Scrutinizing Returns, Credit Notes, Discounts, etc.
• Recording and Aligning Sales Reports with QuickBooks or the Accounting System
• Formulating and Reviewing Sales/Use Tax Calculations
• Configuring and Facilitating Sales/Use Tax Payments through State Websites/Platforms
• Conducting Regular Sales Tax Filing and Ensuring Compliance on a Monthly/Quarterly/Annual Basis
• Reconciling Sales/Use Tax Entries with the Books of Accounts
• Preparation and Support for Sales/Use Tax Audits, if Required
• Calculating Back Taxes for Sales/Use Tax, if Applicable
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• • Employee Management Setup - Establishing Employee Profiles and their Master Records
  • Recording Daily/Weekly/Monthly Time Cards
  • Addressing Time Card Queries, Resignations, New Employee Onboarding, and Removals through Email/Phone Communications with Clients
  • Real-Time Payroll Computation Preparation

   

  • Conducting Email and Phone Follow-ups
  • Reviewing Payroll Computations, Including Breakdowns and Government Tax/Deduction Components
  • Printing and Issuing Paychecks/Pay Stubs
  • Filing 940/941 Payroll Compliance Forms
  • Managing State Form Filings and State Compliance
  • Reconciling Payroll Entries with the Books of Accounts
  • W-2 Preparation, Submission, and Issuance (Social Security, IRS, Employee)
  • Reviewing Form W-4 and Determining the Appropriate Tax Withholding from Employee Wages
  • Setting up and Facilitating Payments through EFTPS (Electronic Federal Tax Payment System)

• Client Document Coordination: Coordinating and Dispatching Client Organizers
• Client Communication and Follow-Up: Engaging Clients via Email and Phone to Ensure Timely Submission of Tax Documentation
• Efficient Information Gathering: Utilizing a targeted questioning approach for tax return preparation through Email or Phone interactions
• Document Organization: Arranging Documents Received via Email or Scans into the Tax Software, File Cabinet, or Firm Server
• Tax Code Integration: Implementing Tax Codes in Trial Balance and Entering Data into Tax Software for Business Returns
• Data Input and Verification: Reviewing and Inputting Information from Tax Documentation into the Tax Software
• Accuracy Assurance: Double-checking entered information against Source Documents
• Year-to-Year Comparison: Comparing Current Year Tax Returns with Previous Year for Consistency
• Error Resolution: Identifying and Rectifying Diagnostic Errors in the Tax Return
• Client Approval Process: Seeking Follow-Up and Approval from Clients for Tax Returns, addressing Missing Information and Clarifications
• Review and Note Preparation: Reviewing Tax Returns, Compiling Review Notes, and Formulating Questions for Further Clarification
• Adjustments and Approval: Making Corrections and Adjustments to Tax Returns, securing Client Approval
• Client Authorization: Obtaining Client 8879 Signatures for the Filing of Tax Returns
• Specialized Reports: Generating Specific Spreadsheets or Reports for Taxes or Work Papers as per the Firm's Policies
• Document Organization: Aggregating and Categorizing Work Papers, Including Source Documents
• Tax Forecasting: Generating Estimates and Projections based on Current and Previous Year Figures as needed
• Advance Tax Management: Facilitating Advance Tax Payments in accordance with Client Specifications
• Book to Tax Adjustments: Crafting and Assessing Entries for Book to Tax Adjustments

• Individual Tax Expertise: Crafting and Evaluating Individual Tax Returns (Federal - 1040, 1040NR; State, City)
• Corporate Tax Proficiency: Preparation and Evaluation of Corporate Tax Returns (Federal - 1065, 1120, 1120S; State, City)
• Diverse Tax Forms: Preparing and Reviewing Various Tax Forms such as 990, 1041
• FBAR Compliance: Completing and Submitting FBAR Forms
• Information Returns/Form Filings: Preparing and Submitting Information Returns/Forms including 5471, 5472, 2555
• Comprehensive Tax Form Services: Crafting and Reviewing Various Other Tax Forms

• Compilation of IRS Notice Document Checklist to be Requested from Clients
• Follow-Up via Email to Obtain the Required Documents
• Retrieval of IRS Transcripts for Documentation
• Drafting Responses to IRS Notices for Review
• Liaising with IRS on behalf of the Accountant through Scheduled Calls
• Gathering Documentation for the Preparation of Accounting
• Generating Accounting Write-ups for Multiple Years based on Limited Documentation such as Bank Statements and Credit Card Statements
• Downloading IRS Transcripts and Aligning with Bank and Credit Card Records
• Formulating Tax Returns based on the Prepared Accounts, Addressing Back Taxes
• Researching Specific Topics in Taxation or Accounting
• Compilation of Comprehensive Work Papers and Spreadsheets for Reference

• Dispatching the Engagement Proposal
• Ensuring Engagement Signatures - Persistent Follow-Up
• Email and Phone Communication for Essential Document Collection as per Checklist (e.g., Prior Year QB File, Business and Personal Tax Returns Copies, Incorporation Documents, etc.)
• Establishing the Entity, if Necessary, and Compiling Required Documentation (e.g., Operating Agreement)
• Configuring and Integrating Entities into QB or Alternative Accounting/Tax Software
• Integration into Billing Systems or Other Relevant Software Platforms
• Facilitating Software or Data Migration as Needed, Including any Catch-Up Work
• Establishing New Entities/Chart of Accounts as Required

• Internal Firm Accounting and Budgeting
• Invoicing Clients Internally in Accordance with Engagement and Firm Policies
• Data Entry Tasks for Contact Management and Additions
• Research for Prospect Meetings
• Efficient Management of Contact Lists and Database
• Updating Client Database with New Information
• Live Chat Management on the Firm's Website
• Handling Email Inboxes for Partners, Managers, and General Emails
• Calendar Management and Meeting Scheduling for Partners and Managers
• Supervising Social Media Updates
• Management of Firm's Accounts Receivable: Billing (Timesheet Updates), Collection, Reconciliations, and Follow-Up on Outstanding Client Payments
• Workflow Optimization and Updates
• Oversight of Firm's Accounts Payable: Vendor Management and Payment Processing
• Executive Administration and Support
• Administration of Firm's Online Portal, Document Sorting, and Email Management
• Calendar Management: Efficiently scheduling, updating, confirming, and canceling meetings, and managing due dates.
• Client Communication: Following up with clients on documentation and other relevant matters.
• Call Handling: Answering calls and taking messages.
• Document Management: Organizing scanned documents, arranging email documents, and downloading necessary files.
• Client Email Management: Following up with clients via email for standard documents, arranging meetings, and collecting missing information.
• Client Phone Management: Following up with clients via phone for standard documents, arranging meetings, and collecting missing information.
• Client Engagement Procedures: Facilitating client engagement signing and 8879 signing.
• Client Organizer Coordination: Arranging and dispatching client organizers.
• CPE (Continuing Professional Education) Hours Credit and Management.
• Travel Arrangements: Organizing travel plans.
• E-Newsletters: Composing and sending electronic newsletters.
• Proposal/Engagement Preparation: Drafting and sending proposals and engagement documents.

• Physically matching fixed assets to fixed asset records.
• Accounts Payable and Loans Confirmation.
• Contacting suppliers to verify the accuracy of accounts payable balances.
• Confirming loan balances with lenders.
• Reviewing board of director’s minutes to validate the approval of dividends.
• Audit/Review Documentation Preparation:Creating and maintaining comprehensive audit/review documentation and workpapers.
• Generating analyses, audit plans, checklists, confirmation letters, memoranda, and correspondence related to identified issues.
• Compiling representation letters, summaries of significant findings, and client-provided questionnaire responses.
• Preparing documentation for peer review in accordance with the checklist.
• Financial Statement Compilation:
• Entering adjustment transactions to the General Ledger through journal entries.
• Preparing financial statements from trial balance in compliance with SSARS-21 standards.
• Engagement Tools Utilization:
• Generating workpapers and reports using Excel, Word, or specialized audit software and engagement tools such as Caseware, AdvanceFlow, Checkpoint Engagement, TR, PPC, etc.
• Conducting a thorough review of financial statements to ensure conformity with the applicable financial reporting framework.
• Performing ratio analysis with historical, forecasted, and industry results.
• Investigating inconsistencies and addressing unusual or complex situations.
• Inquiring about accounting transaction recording procedures.
• Investigating transactions near the end of the accounting period and material events post-financial statement date.
• Scrutinizing significant journal entries.
• Reviewing communications from regulatory agencies and management reports of previous accountants who reviewed or audited the entity's financial statements.