US Tax support
Tax Accounting & Compliance
Preparation of Form 1040-US Individual Income tax Returns incorporating various items like Form W-2, Interest and Dividends, Business Income, Capital Gains, Schedule K-1’s etc and calculation of all relevant tax credits.
Preparation of Form 1065-US Partnership Tax Return including Schedule K-1’s, 1120S-US S Corporation Return and Form 1120-US Corporation Income Tax Return including all supplementary forms for all business types like Retail, Manufacturing, Utilities, Real Estate etc.
Preparation of Separate, Consolidated and Unitary State Tax Returns for all Individuals, Partnerships and Corporations.
Preparation of International Tax Forms like Form 5471s, Form 8865, Form 8858 and Form 8594. Also preparation of all supporting statements like organization chart, FBAR reporting etc.
Maintenance of Fixed Asset Register and Calculation of Tax Depreciation.
Preparation of Form 1099s pertaining to withholding taxes and Form W-2 for Employees.
Preparation of tax provisions as per ASC 740 including calculation of current and deferred tax provision (domestic and international), Deferred tax asset rollforward, interim reporting, payables, Tax Journal Entries and Effective Tax Rate Reconciliation.
Tax Technology:
Implementation and Support services for Onesource Tax Provision for all modules like current and deferred tax provision, interim reporting, Dataflow, excel addin, Flowthrough, Active Workpapers, Reporting GAAP to Local GAAP to Local tax calculation, Payables and Journal Entry.
Implementation and Support services for Onesource Income Tax like setting up of Chart of Accounts, Chart of Tax Adjustments, Set up of TRC/TCC, Setting up of binders with all relevant information and configuration of TAS with all relevant set up.
Implementation and Support services for Onesource Workflow Manager like setting up of Entity Manager, Tax Calendar, Serial/Parallel and Rules Based Worklows, Fileroom and Dataflow Template Process.