Frequently Ask Question

1). ACCOUNTING & BOOKKEEPING

Our accounting services ensure accurate financial management and compliance across
diverse industries. We handle ledger maintenance, financial statement preparation, and tax compliance,
empowering businesses with comprehensive financial insights and regulatory adherence.

By outsourcing to FinTax Nexus, you can:

  • Focus on your core business.
  • Save money on accounting and bookkeeping costs. 
  • Ensure accurate and timely financial reporting.
  • Benefit from our US GAAP expertise.
  • Enjoy a secure and reliable service.

We offer a comprehensive range of accounting services for US-based clients of your CPA partners, including financial statement preparation, tax preparation and planning, bookkeeping and recordkeeping, and management reporting

Absolutely! Our team is well-versed in US GAAP standards, ensuring accurate and compliant financial reporting for your US CPA partners.

Yes, we can assist with your year-end closing procedures, following US GAAP standards to ensure a smooth and accurate process.

Contact us today for a free consultation! We’ll discuss your specific needs and tailor a solution to meet your requirements.

We can handle various bookkeeping tasks for your US-based clients, including data entry and classification (accounts payable/receivable, payroll, bank statements), bank reconciliations, and credit card statement reconciliations.

Yes, we integrate with popular accounting software like Xero and QuickBooks, streamlining your bookkeeping process.

We can automate accounts payable and receivable processes for your US clients, improving efficiency and reducing errors.

2). Tax Preparation and Planning

Our tax preparation and planning services help businesses and individuals minimize tax
liabilities and maximize savings through strategic tax planning, compliance, and advisory services. We
ensure full legal compliance and optimal financial outcomes by staying abreast of tax laws and
regulations.

We provide tax preparation and planning services for US-based individuals and businesses, working in collaboration with your US CPA partners

Yes, you will still need a US CPA to finalize and sign off on your tax returns. We work alongside your US CPA to ensure all information is accurate and compliant with US tax regulations.

Our team is familiar with US tax laws and can help you identify potential deductions and credits you may be eligible for. We also save you time and ensure your returns are filed accurately and on time.

We can help prepare various US tax returns, including individual income tax returns (Form 1040 series), corporate tax returns (Form 1120 series), and partnership tax returns (Form 1065).

You will need to provide your US income statements, W-2s, 1099s, receipts for deductible expenses, and any other relevant tax documents.

The turnaround time depends on the complexity of your tax situation. We typically complete tax returns within 2-3 business days after receiving all necessary documents.

Tax planning involves analyzing your financial situation and developing strategies to minimize your tax liability. This can help you save money on your taxes in the long run.

Yes, we can work with you and your US CPA to develop a customized tax plan that considers your current and future financial goals.

Our fees are based on the complexity of your tax situation. We offer competitive rates and can provide you with a quote after reviewing your specific needs.

We are happy to answer any questions you may have after your return is filed. We can also connect you with your US CPA for further assistance.

Contact us today for a free consultation! We can discuss your specific tax situation and answer any questions you may have.

3). Payroll Processing

Our payroll processing services ensure accurate and timely compensation for employees
while managing tax withholdings, deductions, and compliance matters. We handle payroll processing,
including wage calculation, benefits administration, and payroll tax filing, allowing businesses to focus
on core operations.

Yes, we handle all federal, state, and local tax withholdings based on your employees’ locations and tax filing statuses.

We electronically file all required federal, state, and local payroll tax forms on your behalf.

We can answer your basic payroll tax questions. However, for complex tax matters, we recommend consulting with your US CPA partner.

Our fees are based on the number of employees you have and the complexity of your payroll needs. We offer competitive rates and can provide you with a quote after reviewing your specific situation.

Contact us today for a free consultation! We can discuss your payroll needs and answer any questions you may have about our services.

You will need to provide employee information (names, addresses, Social Security numbers), pay rates, tax withholding preferences, and any other relevant payroll details.

  • We offer flexible payroll processing options, allowing you to run payroll weekly, bi-weekly, or monthly, depending on your needs.

We use secure servers and industry-standard encryption methods to protect your sensitive employee payroll data.

4). Financial Reporting

Our financial reporting services provide clear insights and regulatory compliance across
diverse industries. We compile financial statements, analyze key performance indicators, and present
findings tailored to our clients needs, fostering transparency and informed decision-making.

We provide comprehensive financial reporting services tailored to meet the needs of US-based businesses working with your US CPA partners. This includes:

  • Balance Sheet preparation

  • Income Statement preparation

  • Cash Flow Statement preparation 

  • General Ledger maintenance 

  • Monthly & Quarterly reports 

  • Year-End closing procedures (following US GAAP standards)

     

If your business operates in the US or has US investors, your financial statements must comply with US Generally Accepted Accounting Principles (US GAAP). This ensures consistency and transparency in your financial reporting.

Our team of experienced accountants is well-versed in US GAAP standards. We can prepare your financial statements according to these standards, ensuring they are accurate and meet the requirements of your US CPA partners.

We can prepare a variety of financial reports, including monthly, quarterly, and year-end reports. These reports can be customized to meet the specific needs of your business and your US CPA partners.

The deadlines for filing financial reports will depend on the size and structure of your business. We can help you determine the relevant deadlines and ensure your reports are filed on time.

We can provide you with your financial reports in a variety of formats, including electronic files (PDF, Excel) or secure online access.

Outsourcing your financial reporting frees up your internal resources to focus on core business activities. We also provide cost-effective solutions and ensure your reports are accurate and US GAAP compliant.

We take data security very seriously. We use the latest security technologies and protocols to protect your financial information.

Yes, we can integrate our financial reporting services with popular accounting software solutions like Xero and QuickBooks.

Our team is always happy to answer any questions you may have about your financial reports. We can also connect you with your US CPA for further clarification.

5). Corporate Finance & Project Report Preparation

Our corporate finance services support businesses in making informed financial decisions
and securing funding for projects. We provide comprehensive financial analysis, project evaluation

We provide a range of corporate finance services to support your business growth, including financial modeling, valuation analysis, and capital budgeting.

Well-crafted project reports help secure funding, demonstrate project viability, and facilitate informed decision-making throughout the project lifecycle

No, our team of experts can guide you through the process and tailor solutions to your specific needs.

We can create financial models to forecast revenue, expenses, and cash flow, allowing you to make informed financial decisions.

Capital budgeting involves evaluating potential investments to choose the most profitable options. We can help you analyze investment opportunities and make informed decisions.

  • Yes, we offer valuation services to determine the fair market value of your business for various purposes, such as mergers and acquisitions.

We can assist with feasibility studies, business plans, and detailed project reports tailored to your specific project and funding requirements.

The necessary information will vary depending on the project. Typically, we’ll need details on project goals, scope, budget, timeline, and market analysis.

The turnaround time depends on the project’s complexity. We’ll provide a timeframe after discussing your specific needs.

While we don’t directly handle presentations, we can ensure your report effectively communicates your project’s value proposition.

Our services are complementary. Financial modeling informs project reports, ensuring financial viability and attracting investors.

Our fees are based on the project’s scope and complexity. We offer competitive rates and can provide a quote upon request.

6). Business Process Outsourcing

Our business process outsourcing solutions streamline operations for businesses across
various industries by handling non-core functions efficiently. We leverage our expertise and resources to
reduce costs, improve productivity, and allow clients to focus on strategic initiatives that drive business
success and competitiveness.

BPO allows US-based CPAs to outsource routine accounting and bookkeeping tasks to a qualified firm like FinTax Nexus in India. This frees up your valuable time and resources to focus on higher-level services for your clients.

We offer a wide range of services, including:
* Data entry and classification of accounts payable, receivable, payroll, and bank statements
* Bank reconciliations 
* General ledger maintenance 
* Accounts payable and receivable management
* Monthly and quarterly reports tailored for US GAAP
* Year-end closing procedures following US GAAP standards

There are many benefits, including:

Cost savings: Our competitive rates can significantly reduce your operational costs. 

Increased efficiency: Free up your team to focus on core client services.

Improved accuracy: We have a team of experienced professionals familiar with US GAAP. 

Scalability: We can grow with your practice to meet your evolving needs.

Enhanced security: We use the latest technology to ensure your client data is secure.

No. You will remain the primary point of contact for your clients. FinTax Nexus acts as an extension of your team, providing technical expertise and support behind the scenes.

Yes, we offer customized BPO solutions to meet your specific needs. You can choose to outsource a select few tasks or your entire accounting and bookkeeping workflow.

Contact us today for a free consultation! We can discuss your specific needs and how our BPO services can benefit your practice.

Our team has extensive experience in accounting and bookkeeping, with a strong understanding of US GAAP standards.

We take data security very seriously. We use industry-standard security measures to protect your client information, including secure data transfer protocols and access controls.

Absolutely! We encourage open communication and will provide you with a dedicated point of contact at FinTax Nexus.

Our team works extended hours to ensure seamless communication and timely project completion despite the time zone difference.

7). Budgeting & Forecasting

Our budgeting and forecasting services help businesses anticipate financial trends and
challenges, develop realistic financial plans, and allocate resources effectively to achieve business goals.
We foster financial stability, agility, and long-term sustainability through meticulous budgeting and
forecasting processes.

We provide comprehensive budgeting and forecasting services to help US-based businesses (clients of your CPA partners) plan for the future and make informed financial decisions.

Creating a budget and forecast allows you to:
* Set realistic financial goals
* Track your progress towards those goals
* Identify potential cash flow issues
* Make informed decisions about resource allocation
* Prepare for future growth or economic downturns

No prior accounting experience is necessary. Our team will work with you and your US CPA to understand your business and develop a customized plan.

A budget outlines your expected income and expenses for a specific period, typically a year. Forecasting extends beyond the budget, predicting future financial performance based on various scenarios.

We consider your historical financial data, industry trends, market conditions, and your business goals when creating a budget.

We can create various forecasts, including sales forecasts, expense forecasts, and cash flow forecasts.

The timeframe for forecasting depends on your specific needs. We can create short-term forecasts (a few months) or long-term forecasts (several years).

Our forecasts are not set in stone. We can adjust them as needed to reflect changes in your business or the market.

Our fees are based on the complexity of your business and the scope of the project. We offer competitive rates and can provide you with a quote after discussing your needs.

It’s recommended to review and update your budget regularly, ideally quarterly, to ensure it reflects current business conditions.

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