Outsourced Bookkeeping and Accounting Services in USA

Bookkeeping Services:

Our bookkeeping services comply with US accounting standards and regulations, including accurate recording of transactions, preparing reports adhering to GAAP, tracking payments, reconciling accounts as per regulatory requirements, and handling month-end closing procedures in line with US accounting practices.

• – Recording invoices for purchases and sales
• – Preparing aging reports and summaries
• – Tracking payments and collections
• – Reviewing debtor’s and creditors’ ledgers
• – Reconciling bank accounts
• – Reconciling credit card statements
• – Reconciling inventory records
• – Fixed asset accounting
• – Preparing month-end journal entries
• – Month-end closing and reporting

Accounting Services:

Our accounting services follow US accounting principles and guidelines, including preparing GAAP-compliant financial statements, adjusting as per US tax laws, reviewing ledgers accurately, conducting variance analysis as per US standards, and ensuring compliance with relevant US regulations and accounting standards.

• – Preparing financial statements (compilation)
• – Year-end adjusting journal entries
• – General ledger review
• – Reconciling assets and liabilities
• – Analytical review and variance analysis
• – Preparing Excel schedules and working papers
• – Preparing year-end management accounts

Payroll Processing Services:

We offer reliable payroll processing services for your clients, strictly following US federal, state, and local payroll tax laws. Our services include accurate calculations, processing direct deposits, filing tax forms (W-4, W-9, 941, 940, W-2, 1099) as per IRS regulations, and handling tax payments in line with US tax codes.

• – Accurate payroll calculations and direct deposit processing
• – Comprehensive tax compliance with federal, state, and local taxes
• – Form W-4: Employee’s Withholding Certificate
• – Form W-9: Request for Taxpayer Identification Number and Certification
• – Form 941: Employer’s Quarterly Federal Tax Return
• – Form 940: Employer’s Annual Federal Unemployment (FUTA) Tax Return
• – Form W-2: Wage and Tax Statement
• – Form 1099-MISC: Miscellaneous Income
• – Quarterly & Annual Tax

US Tax Services:

Our US Tax Services adhere to the Internal Revenue Code and relevant tax laws. We accurately file tax returns for individuals, businesses, and specialized entities (1041, 990, 1065, 1120-S, 1120, 706, 1099) as per IRS guidelines, and assist in claiming foreign tax credits in compliance with US tax treaties and regulations.

• – ITR Preparation for Fiduciaries Form 1041
• – Non-profit Organizations ITR Preparations Form 990
• – ITR Preparation for Partnerships Form 1065
• – ITR Preparation for S & C Corporations Form 1120-S & Form 1120
• – Estate & Gift Tax Returns Preparation Form 706
• – Return for all types of other income except wages, salaries, and tips Form 1099
• – Claiming foreign tax credits (FTC)