Business & Income Tax
BMC SAAS has achieved another milestone in Financial Offshoring Services in the beginning of Year 2020. A dedicated Tax Preparation Team is in place to support US CPAs in the upcoming busy tax season.
These services are provided to both individuals and Accounting Companies/CPAs with a turnaround period of as low as 12 working hours.
Potential Scope of Work for BMC SAAS:
Preparation of Individual Income Tax Returns (1040)
Preparation of Income Tax Returns of Fiduciaries (1041)
Preparation of Income Tax Returns of Non-profit Organizations (990)
Preparation of Income Tax Returns of Partnerships (1065)
Preparation of Income Tax Returns of C Corporations (1120)
Preparation of Income Tax Returns of S Corporations (1120S)
Preparation of Estate & Gift Tax Returns (706)
Preparation of IRS Forms including 433-A, 433-B, Form 433-F
Preparation of Payroll Returns
Preparation of Sales and Use Tax Returns for individual states
Preparation of Year End Reporting (1099s)
We are using following Tax Preparation Software:
Lacerte
Drake
ProSeries
Turbo Tax
What we need for Tax Return Preparation?
A completed BMC SAAS US tax checklist
Copy of last year’s tax returns
Tax software backup
Copies of tax documents
Tax information
Tax software copy (eg: TurboTax)
Reports
Tax return copy
E-file confirmation
Requirement Checklist:
Our Data Transfer Process
We have a Secured Server which has access to only few people for receiving the above material & information. The tax return related data is sent to us in one of the two available modes i.e.
• Secured Server Based Solution
• Remote Access Based Solution
• Via Secure Email
Brief Process
With a turnaround time of maximum 48 working hours, we would provide the following:
• Prepared Tax return for review
• Queries (if any)
• After getting information on our queries, we would provide Electronic / computerized IRS Return for signing and final mailing these to IRS.
And all above would be at a cost much less than what it costs in your country. A CPA firm or business enterprise can reduce at least 50-60% of their costs by outsourcing their work to BMC SAAS offshore location in India.
