Bookkeeping
We not only provide up to date book-keeping, but also take care of reconciliation of all the General Ledgers. This includes Bank Reconciliation, Fixed Asset Reconciliation, Reconciliation of Loans and Liabilities, P/L Ratio Analysis etc.
Federal and State Tax Filing & Planning
We believe in timely filing of the Income Taxes. We also avoid extension filing, except required/requested by the client. We guide the client when the nexus triggers filing in a particular state for the purpose of state tax filing. We also comply with the Advance Tax Payment Quarterly due dates for all our clients. We advise the client for their responses to the notices sent by the CRA/IRS as well as different states.
GST/HST – Sales Tax Compliance
All the States of the Canada/US have different compliances with regards to the GST/HST/Sales Tax. They have different deadlines, filing frequencies etc. We prepare the workpapers to file them on timely basis, adjust the overpayments and the underpayments, we also guide the client if there are any discrepancies in their collection. We advise on the taxability of new products and services, help in the registration process. We also manage the resale certificates to avoid double payment of taxes. In the event of late filings, late payments etc, we usually negotiate with the department to waive off the interest and penalty and have successful cases based on genuinity of the case.
