Which retirement accounts is right for you in United States? (Roth IRA or Traditional IRA) IRA (Individual retirement accounts) are a key part of long term savings and investment. But before you open the account, you first need to understand which retirement accounts is benefit for you. Each IRA have its […]
Who must file: A Green card holder, a US citizen or any person considered a resident for tax purposes need to file an Income Tax return – 1040 by April 15 (Extension for Tax Year 2020 – May 17). An extension of 6 months is available just on filing of Form […]
IRS Form 1065 – U.S. Return for Partnership A partnership must be an association of two or more taxpayers with the objective of making a profit. A business operated as a partnership is not recognized as a taxable entity under the income tax laws. Instead, the partner divides the income and […]
US TAX RETURNS – CA Vishal Jagetiya, CA Shivam Thakkar 1. Introduction The U.S. tax system is set up under both a federal and state level. There are several types of taxes such as income, sales, capital gains, etc. Federal and state taxes are completely separate and each one has is […]
Future of Accounting:- Cloud based solutions A couple of times, we have heard desktop based accounting is good and it will give more control over accounts and secrecy of data. Well, this blog aims at debunking the above statement. In fact, cloud accounting has made accounting super efficient and useful for […]
We are honored to have received Two Awards at the Intuit Quickbooks Excellence Awards 2013 in association with Bloomberg TV India at Delhi on 21st November 2013. Naresh J Patel & Co, Chartered Accountants received “ACCOUNTANT OF THE YEAR” and for NRI Advisory received “CUSTOMER CENTRIC BUSINESS OF THE YEAR”. At the event, total […]