SHARMA TAX
Transforming Financial Strategies.
We deliver tailored tax solutions that drive growth, ensuring compliance, efficiency, and peace of mind through expert guidance and personalized support. Learn More
Sharma Tax is a leading provider of personalized tax solutions, focused on simplifying complex tax processes for businesses. We ensure tailored strategies, ongoing support, and expert guidance, helping our clients navigate their financial landscape with confidence. Our commitment to excellence empowers businesses to optimize their financial outcomes and foster sustainable growth.
business TAXes SERVICES
• Payroll Processing
Payroll services refer to the various services that businesses use to manage and process the payment of salaries, wages, bonuses, and other forms of compensation to their employees.
Some of the specific services that may be included in payroll services include:
- Employee management: Maintaining employee records, such as their personal information, tax information, and employment status.
- Payroll calculations: Calculating employee pay and deductions, such as taxes, insurance, and retirement contributions.
- Payroll disbursements: Issuing payments to employees, such as direct deposit or physical checks.
- Tax compliance: Ensuring compliance with federal, state, and local tax laws and regulations, such as filing and paying taxes on behalf of the business and employees.
- Reporting and filing: Providing businesses with the necessary reports and forms, such as W-2s, 941s, and 940s and submitting them to the relevant government agencies.
These services help businesses to efficiently and accurately manage their payroll, ensuring that employees are paid correctly and on time, and that the business is in compliance with all relevant laws and regulations.
• Business Tax Preparation
Tax laws pertaining to businesses differ vastly from individuals. It is critical that business owners know the requirements of keeping their organization compliant with IRS rules and regulations. We offer business tax planning services so that you can make an informed decision regarding which type of business entity to create.
We also offer a wide variety of services to assist you in maintaining your business so you can focus on what matters. We have experience in filing business taxes for clients in:
- IT consulting, software, and mobile app development
- Restaurant, bar, and franchises
- Retail and wholesale stores
- Rental properties
- • Dental and medical office industries
To find out how we'll devote our wealth of experience and knowledge to benefit your organization, please reach out to speak with one of our highly qualified business tax consultants.
• Accounting and Bookkeeping
Accounting and bookkeeping services refer to the various services that businesses and individuals use to manage and organize their financial records and transactions.
Some of the specific services that may be included in accounting and bookkeeping services include:
- Record keeping: Recording and maintaining financial transactions in a systematic and organized manner, such as invoicing, payments, and receipts.
- Financial statement preparation: Preparing financial statements such as balance sheets, income statements, and cash flow statements, which provide a snapshot of a business's financial health.
- Budgeting and forecasting: Assisting businesses in creating budgets and financial projections, which help to plan for the future and make informed financial decisions.
- Payroll: Managing and processing payroll for employees, including calculating salaries, taxes, and other deductions.
- Financial consulting: Providing guidance and advice on financial matters such as cost control, investment opportunities, and risk management.
These services help businesses and individuals to better understand their financial situation, make informed financial decisions, and comply with legal and regulatory requirements.
We are QuickBooks ProAdvisors and certified in both desktop and online versions.
• Tax Planning and Strategy
Tax planning services refer to professional assistance provided to individuals, businesses, or organizations to effectively manage their tax obligations and optimize their overall tax situation. These services are aimed at minimizing tax liabilities and maximizing tax savings within the legal framework.
Tax planning involves strategic analysis and application of various tax laws, regulations, exemptions, and incentives to minimize the amount of taxes paid. Tax planning services are typically offered by qualified professionals, such as tax consultants, accountants, or tax attorneys, who possess expertise and knowledge in tax laws and regulations.
Here are some key aspects of tax planning services:
- Assessment and Analysis: Tax planning professionals assess and analyze the financial situation, income sources, investments, deductions, and other relevant factors to identify potential tax-saving opportunities.
- Compliance: They ensure compliance with applicable tax laws and regulations while identifying legal methods to reduce tax liabilities. This involves staying updated with tax law changes and understanding their implications.
- Strategies and Recommendations: Tax planning professionals devise customized strategies based on the client's goals, financial situation, and the current tax landscape. They provide recommendations on deductions, exemptions, credits, and other tax-saving techniques to optimize tax outcomes.
- Investment Planning: Tax planning services may also involve guidance on tax-efficient investment strategies. Professionals can provide insights into investments that offer tax benefits, such as retirement accounts, education savings plans, or capital gains tax planning.
- Entity Structuring: For businesses or organizations, tax planning services may include advice on entity structuring and choice of legal entities that offer favorable tax treatment, such as partnerships, corporations, or limited liability companies (LLCs).
- Estate Planning: Tax planning can extend to estate planning, helping individuals develop strategies to minimize estate taxes and facilitate the smooth transfer of assets to heirs or beneficiaries.
- Tax Compliance Support: Tax planning services may include assistance with tax return preparation, filing deadlines, and ensuring accurate reporting to avoid penalties or audits.
The overall objective of tax planning services is to help individuals and businesses optimize their tax situation by reducing tax liabilities, maximizing deductions and credits, and ensuring compliance with tax laws. By taking advantage of available tax-saving opportunities, taxpayers can potentially save money and effectively manage their tax obligations.
• Startup And Business Formation Services
Startup and business formation services refer to the various services that assist entrepreneurs and business owners in the process of setting up and establishing a new business. These services are designed to help entrepreneurs navigate the complexities of starting a new business and ensure that their venture is set up for success.
Some of the specific services that are included in our startup and business formation services include:
- Business entity selection: Helping entrepreneurs to choose the most appropriate legal structure for their business, such as a sole proprietorship, partnership, LLC, or corporation.
- Tax planning: Assisting entrepreneurs in understanding their tax obligations and developing a tax strategy that will help them save money and minimize their tax liability.
- Financial planning: Providing guidance on developing a financial plan and budget, and assistance in securing financing, such as loans or investments.
- Operations planning: Helping entrepreneurs to develop a business plan and operational strategy, including hiring employees, creating marketing and sales plans, and identifying potential suppliers and vendors.
These services can help entrepreneurs to navigate the complex process of starting a new business and increase the chances of success for their venture.
• Outsourced CFO and Controller Services
Our team partners with your business to build actionable strategies to increase revenue, grow profits, and avoid future crises without the need to bring on an additional C-level team member as your CFO.
We'll work with you to plan for the future, articulate your financial goals, whether it's growing your market share, eliminating debt, or expanding your business. We customize our services to every client, including planning, budgeting, financial reports, M&A support, and more.
Whatever your vision for your organization's future, we'll help you articulate your goals and provide clear pathways for achieving them. Your success is our singular mission.
Navigating Your Business Growth
Our Promise of Service Excellence
Dedicated to your success, we personalize strategies to align with your vision, delivering unparalleled service.
Trusted Partnerships, Proven Results
Our team builds lasting partnerships, providing expert guidance to help businesses navigate complexities and achieve sustainable growth.
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