USA Accounts & Taxation
OUR PHILOSOPHY
Accounting Modules
Module 1: Business Accounting
- Fundamentals of Accounting
- Accounting Process
- Classification of Balance Sheet
- Journal Entries & Adjusting Entries
- Account Reconciliation
- Sales Tax Overview
- Form 1099 Overview
Module 2: QuickBooks Software
- Start QuickBooks Accounting
- Master Setup
- Customer
- Vendor
- Banking
- Class Accounting
- Integration of Bank/CC Accounts
- QuickBooks Reports
- Dashboard Customization
- Sales Tax Enteries
Module 3: MS Excel
- Basic and Advance Excel Formulas
- Pivot Table & Pivot Chart
- V-Look Up & H-Look Up
- What If Analysis Tools
- Advance Filtering
- Data Validation & Sorting
- If & Or Nested If
- Count If & Sum If
- Absolute, Mixed & Relative Reference Concept
Module 4: Business Communication & Interview Techniques
- Interview Preparations
- Email Drafting
- Online Meeting with Client
- Self Introduction in meeting with clients
- Report Discussion with Client
- Mock Practice
Module 5: Zoho or Xero
- Detail software practice of Zoho or Xero
- Certificate Exam Preparation
- Rs. 7,500/- Extra for this module
Taxation Modules
Module 1: Introduction to U.S. Taxation
- U.S. tax system principles and structure
- U.S. topography → Federal and State jurisdictions
- Overview of compliance, ethics, and responsibilities
Module 2: Fundamentals of Filing & Documentation
- Accounting periods and methods → Cash vs. Accrual
- Determining due dates and handling extensions
- Filing statuses and “dependent” criteria
- Social Security Number (SSN) & Individual Taxpayer Identification Number (ITIN)
- Residential status and its tax implications
Module 3: Forms, Identification & Return Process
- Essential identification numbers and documentation
- Signing tax returns and e-filing procedures
- Overview of required documentation by filing status
Module 4: Types of Income
- Gross income concepts → Inclusions & Exclusions
- Wage income → Form W-2
- Self-employment, freelance, rent, and royalties → Form 1099-MISC
- Investment & portfolio income
- Exempt income vs. taxable income
Module 5: Retirement & Education Accounts
- Individual Retirement Arrangements (IRA) → Form 1099-R
- Education Savings Accounts (ESA)
- Tax implications of withdrawals and contributions
Module 6: Special Topics in Income
- Capital gains → Form 1040 Schedule D
- Net Investment Income Tax
- Household employment tax
- Other income sources and special scenarios
Module 7: Adjustments, Deductions & Credits
- Adjustments to income (Above-the-line deductions)
- Itemized vs. Standard deductions
- Major Tax Credits
- Estimated tax payments → Quarterly & Withholding
Module 8: Retirement Planning Tools
- Understanding Business Income → Form 1040 Schedule C
- Reporting Freelance, Independent Contractor, and Royalty Income
- Comparison of Business vs. Personal Tax Treatment
- Overview of Business Return Forms:
Form 1065 – Partnership Return
Form 1120 – Corporation ITR
Form 1120S – S Corporation Return
- Key Schedules: K-1, L, M-1, M-2
Module 9: Penalties, Extensions & Amended Returns
- Common penalties and how to avoid them
- Extension procedures → Form 4868 (Individual) / Form 7004 (Business)
- Amended return rules → Form 1040-X
- Responding to IRS notices and audits
Module 10: Case Studies & Practice
Our Process
How Can Our Team Help You to Reach Your Goals
01
Number of students per batch: 8
Schedule a 30-minute call with our professional to discuss your goals and how we can help. This phone or Zoom call also outlines who we are and our process.
02
Duration:
2 Months
Meet with our team to gather the necessary data for your Financial Plan. We’ll discuss your finances, lifestyle, and goals, including investments, assets, expenses, and income.
03
Timings: Evening
(5:00pm-6:30pm)
Our advisor will present your personalized financial plan, ensuring it aligns with your evolving needs and goals, and provide clear steps to help you reach your objectives.
04
Course Fees:
Rs.20,000
Your advisor will send a copy of your plan with an actionable list of recommendations. We’ll implement and manage these, keeping you updated.
Testimonials