Tax Planning
Ensuring tax compliances and on time filing of returns can be quite a challenge for small and macro scale businesses. Being on your toes with any tax development, it’s implication on your business, making revenue prognosis to ascertain tax liability then adjusting investments and deductions around it, calculating deductions, keeping up with filing dates, etc takes away a lot of your time which you could have invested in business development.
No business person wants to pay a penny extra to the Internal Revenue Services (IRS) than what they legitimately own them after claiming all the deductions and exemptions. Thus, planning not only helps in claiming the right deductions, but also in preparing your tax returns properly, avoiding penalties & scrutiny, and in increasing predictability and profitability to your business.
Applicable US Taxes on Businesses
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- Federal and State Income Tax
- International Tax (in case you have income sources cross-border)
- Sales Tax
- Franchise Tax
- HR & Payroll Taxes
- Taxes on capital gains
Applicable US Taxes on Individuals
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- Federal and State Income Tax
- International Tax (in case you have income sources cross-border)
- Taxes on royalties (for writers, music composers, etc)
- Property tax
- Taxes on capital gains
Need for Professionals
Managing taxes is no easy task, not trying to scare you or anything but speaking from my experience. Many individuals, organisations, especially startups and small businesses try to save on the paltry fee of professional advice by trying to figure out their taxes on their own. 95% of them end up with heavy penalties and sometimes even serious scrutiny from the authorities. There is a reason why tax attorneys are some of the richest kinds of lawyers, right?
At the very least, you will end up being tangled with tax compliances, filing dates, furnishing documents, running from pillars to poles, losing a scarce business bandwidth. I mean you can either worry about your taxes or you can focus on business development.
Some of our clients, before coming to us, were suffering due to lack of tax optimisation and were paying extra due to missing filing dates, or not bifurcating the income properly in the right categories, etc. We rectified the situation, resulting in substantial savings.
In our partnership, we never let our clients worry about their taxes again. The best part of partnering with us is that we provide solutions for all the finance/ accounting/ tax/ assurance related requirements of your business, saving you on the hassle of coordinating with multiple service providers for every other business thing and salvage you from the cost of changing the service provider as the business grows.
USAIndiaCFO Advantage
We are a confluence of Certified Public Accountants (CPAs) and attorneys with a dedicated team for small and medium-size businesses. In our 10+ years of experience in working with almost every kind of startup/business and with various individuals from all walks of life, one paramount principle we have developed is “Clients’ problem is our problem and clients’ growth is our growth”.
It’s simple, we believe that if our client is having a problem, it shows that more of our assistance is required and if the client’s business grows, it will generate more work for us. Simple and forthcoming! Very emblematic of our future relationship (at least I hope so 😄).
To know how can we add value and implement our innovative solutions in your business, give us a ring at 7727887799 (also available on WhatsApp) or drop us an email at hello@usaindiacfo.com with all your queries and our team will reach out to you within 2 hours.
We help you plan your taxes, along with providing a range of other services to take full accountability as the virtual CFO to your business.
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Let us discuss your requirements on a no-obligation discovery call, anytime as per your convenience.