Foreign Bank and Financial Accounts (FBAR) According to Bank Secrecy Act, you should report foreign financial accounts like mutual funds, brokerage accounts, and bank accounts to the Treasury Department. You can do this by filing a Report of Foreign Bank and Financial Accounts (FBAR) on FinCEN Form 114. A citizen of the United States, including a resident, Limited Liability Company, trust, and estate must file an FBAR. A financial organization located outside the US is considered a foreign financial account. …
Why quickBooks QuickBooks is one of the most popular small business accounting software that helps manage income & expenses, and also helps track the financial health of businesses. Here are a few reasons why you should consider using QuickBooks QuickBooks allows you to automate paperwork and bookkeeping tasks, thus helping you run a hassle-free business. Preparing financial reports for your business becomes easy. You can instantly draw reports and analyze where your business stands in financial terms. QuickBooks is quite …
QuickBooks tips QuickBooks initially you may be facing difficulties in understanding its features and functions. But once you get the hang of it, you will find accounting, tracking financial health, and managing invoices and bill payments easier. Here are some simple tips to efficiently navigate and use the software To get an accurate picture of your finances, it would be better if you add all your bank accounts to QuickBooks. This way you will have all your account information in …
QuickBooks setup If you wish to enjoy accurate financial data for the future, you must ensure to get the initial setup and installation of QuickBooks done right. The software installation manual is quite easy to understand and follow. But if you want to reap the maximum benefits of QuickBooks, it is essential to list out your business goals before you go about installing it. 3 most important questions to ask yourself before the QuickBooks Setup Which accounting method would you …
International tax We offer financial and tax advice to companies that have both inbound-US and outbound operations. We have worked with numerous international clients who own subsidiaries in the USA. BergerCPAFirst offers a complete list of accounting tax services That include the following The legal structure you choose for your business initially will have a great impact on future tax and legal consequences. Our professionals will help you choose the legal structure that caters to your requirements. Obtaining a Tax ID …
Tax planning The only best way to reduce your tax liability is to plan way ahead. Connect with us if you need some effective strategies to save tax and increase after-tax income. Since we keep updating ourselves with the latest changes in tax laws and tax codes, dealing with any kind of complex tax problem is easy for us. We ensure that you pay the lowest tax amount possible. Tax Saving Strategies that we use: To get income taxed in …
Tax Preparation If tax laws and returns are giving you nightmares, it is time you seek the expert assistance of BergerCPAFirst. We handle complex tax preparation for SMEs with ease. Tax preparation can leave you perplexed. We can give you peace of mind by handling your tax affairs. The tax laws are complicated even for financial professionals with new laws changing the landscape of the tax structure. There are chances your deductions and credits are overlooked. No software can be an answer to …
Tax returns Though the tax preparation process has come a long way since the manual filing time, still organizations find it complicated and time-consuming. If you want to save the taxman a trip a visit to your premise. Overlooking deductions and credits can leave you in a spot. Despite digitalization, the assistance of tax professionals cannot be discounted. Here is how we can help Electronic filing of tax returns to get quick refunds right into your bank accounts Limit tax liabilities the …
Tax planning Always be prepared to face your tax consequences with confidence. BergerCPAFirst makes no mistakes when it comes to tax planning for individuals. Turn to us for your tax planning needs and our experts will guide you with the best choices. We do not believe in one size fits all, we use the latest planning techniques to reduce your tax liabilities. Here is how we can help Develop evolving strategies to reduce taxes to give you more earnings Analytical tax planning …
Finance planning Personal wealth management paves the way toward the longevity of your wealth. The success of your wealth management lies in preserving and growing it multifold. BergerCPAFirst helps manage your wealth by mitigating risks and improving its performance. The ultimate goal of financial planning for an individual is to lead a comfortable retirement life, at this we are experts. Know how! Here is how we can help Evaluate the educational expenses of your children by reviewing your assets and …
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