TAX PREPARATION |
| The tax processing outsourcing business has significantly changed and expanded beyond the client to tax preparers and now, to back-office outsource processing. As mainland tax service costs increase, more and more accountants and companies are opting to outsource tax preparation to help minimize operating costs and maximize efficiency and profits.
To meet this market demand, we at Work2india provide a customized tax processing outsourcing service using the best industry tax software like Drakes Lacerte, Turbo Tax, Ultra Tax or any taxation software of your choice. |
» How work2india can help you |
Our tax processing method provides CPAs and Tax service providers of almost any size with a new way of handling their tax compliance workload and meeting filing timing deadlines. We handle the tax processing functions of a tax department while you focus on improving your client relationship. We have considerable experience in US tax preparation and reporting. We use top of the line tax software and technology like Drakes Lacerte, Turbo Tax and Ultra Tax, so that the CPA or Tax preparing firm is assured a seamless and secure delivery of work from an outsourced environment. |
| » Services we offer |
| Preparing your taxes can be taxing – not to mention exhausting! Fortunately, we are here to relieve you from the worry of preparation of tax returns. We offer the tax return preparation services for the following: |
INDIVIDUAL |
- Form No.1040
- Form No.1040A
- Form No.1040EZ
- Form No.1040X
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PARTNERSHIP |
- Form No.1065
- K-1(Worksheet)
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CORPORATION |
- Form No.1120
- Form No. 1120A
- Form No.1120S for Statutory Corporation
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| » We also provide tax preparation services for federal and state tax returns, as follows |
| FEDERAL |
- Individual Income Taxes
- ‘C' Corporation Income Taxes
- ‘S' Corporation Income Taxes
- Partnership Income Taxes
- Fiduciary Income Taxes
- Non-Profit Corporation Taxes
- Heavy Equipment Use Taxes
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| STATE |
- Individual Income Taxes (for all states)
- Corporation Income Taxes
- Partnership Income Taxes
- Intangible Taxes
- Tangible Taxes
- Charter/Franchise Taxes
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| How do we proceed for preparing a tax return ? |
| Before starting tax return processing and preparing activity, we examine client's data and balance sheets and classify each item in appropriate place or form. We also classify analyses and interpret profit and loss items, and interpret the taxability and treatment to various accounts during tax return processing and preparation services. Our view points, comments and observations, if any, are then communicated to the client and are considered before final preparation of the tax return. |
| We have a well qualified and trained team in the preparation of Federal and State Tax Returns. We have system of on-going training mechanism and updating of knowledge process of the tax return preparers’ skills not only in the statutory laws but also in all leading tax software. A CPA firm or a business entity can reduce at least 50-60% of their costs by outsourcing their work to us. Besides the cost savings, there are many latent and hidden benefits like stress reduction and availability of time to focus on more core operations. |
| Work performance and process |
The tax return related data is sent to us in one of the three available modes i.e. |
- E Mail based system
- Secured Server Based Solution
- Remote Access Based Solution
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| Email based system: |
| This process of outsourcing finance functions involves emailing of the required files to us. These files may include scanned documents, existing files of software like QuickBooks, TurboTax etc. |
| The files are downloaded to our workstation PCs where the professional work on the data to update your books and tax returns. |
| The updated files are then emailed back to you for approval and thereafter finalized considering the observations. |
| This process is the easiest of all but lacks on security aspect. If you need more security of your data, you need to use our Secure Server Based Solution. |
Secure server based solution: |
| This system is much more secure than normal emailing. Here you upload your files to our 128-bit Server which uses Secure Socket Layer (SSL) encryption. This encryption layer ensures that all communication over the channel is completely secure and hence your data is protected. |
| We download the files, read and analyses the data received and complete the bookkeeping, accounting or tax preparation related activities. After this process the updated files are uploaded to the secure server for getting your comments and approval.
For finalization of the activity the same process is repeated. |
| Remote access based solution: |
| If you don't want the hassles of uploading and downloading the files again and again, then you need our remote access based solution. |
| Here you don't need to upload any files. We would provide you a software to install on your system. Using this software we can logon to your system and transfer the files directly. After modification we will replace the files back in your system. |
| Though this system is a hassle free and convenient mode of data transfer, but this is a little expensive and difficult to configure initially. |
