Tax – Compliance and Reporting​

We offer preparation, review, and filing of Tax Returns, Extensions, Estimated Tax Payments.

We also offer ASC 740 Tax accounting and Tax reconciliations, Deferred Taxes, Effective Tax Rate Analysis, Return to Provisions Analysis, Balance Sheet movement analysis.

Direct Taxes :

  • Tax Compliance – Preparation, review and filing of Tax Returns, Extensions, Estimated Tax Payments
  • Accounting and Reporting – ASC 740 Tax accounting and Tax reconciliations, Deferred Taxes, Effective Tax Rate Analysis, Return to Provisions Analysis, Balance Sheet movement analysis, Tax FA maintenance & support

Indirect Taxes and others :

Reporting and Compliance for-

  • VAT
  • Sales and Use Tax
  • Property Tax
  • Withholding Tax – 1042

Audit Support : Managing regular audit queries

Tax Compliance & Reporting Capabilities

Tax Accounting

  • Tax Accrual and Provisioning
  • Current and Deferred Reconciliations
  • Tax Account Roll forwards
  • Return to Provision Analysis
  • ASC 740 Reconciliations
  • UTP and VA accounting support
  • Prepare and Post Tax Journals
  • US Shareholder reconciliations
  • SOX Audit Support
  • Internal and External audit support
  • Tax Settlements and Tax Payable validations Maintenance of Tax accounting tools

Tax Planning and Closing

  • Effective Tax Rate analysis
  • Tax Balance sheet analysis
  • Tax edit check and validations
  • Foreign Tax credit Capacity and International Tax Benefit analysis
  • Quarterly Tax estimates
  • Deferred Tax Analysis
  • Close Journals, Credit and recurring deductions
  • Tax Due diligence for Acquisitions , M&A assistance
  • Tax implications on internal restructuring
  • Tax Eliminations

Tax Compliance

  • WWNI reconciliations and Book Tax adjustments
  • Legal entity Population, 898, 332, Form 966 and others
  • Quarterly Estimated Taxes payments ( Federal & State)
  • Compliance for C Corps, S Corp, Partnerships and others , including forms 1120,1120S, 1065 (K1’s),851, 4797,4562, Sch D, 3800, 6765, 5471, 8858 and other aligned forms/Schedules
  • Diagnostic and e-file errors clearance
  • Disclosures and Statement
  • SALT ( State and Local Taxes ) including apportionment
  • Analyze post return adjustment
  • TCJA requirements – BEAT, FDII, GILTI, 163j
  • Country by Country Reporting – CbCR
  • Audit supports

Transitional Taxes

  • Data Extraction for VAT,GST, Sales and Use Tax applicability.
  • Categorization of transactions
  • Monthly reconciliations and Tax reporting
  • Invoice Retrievals from systems
  • Business License research
  • Withholding Tax database management
  • Invalid resolution and Credit monitoring
  • Prepayment analysis
  • Return schedule and billing monitoring

Consulting and Transformation

  • Process Assessment
  • Implementation of new Tax technology solutions and its maintenance
  • Process transformation
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