Remote Tax Accounting Services for International Clients

Tax Accounting follows the rules set by tax authorities (e.g., IRS, HMRC) to calculate taxable income and tax liabilities. Financial Accounting follows GAAP or IFRS to report income to shareholders and creditors. The two sets of rules often differ (e.g., depreciation methods).

Our goal is twofold:
1) Ensure 100% compliance with all relevant tax regulations in your jurisdiction
2) Maximize tax efficiency by identifying and utilizing all legal deductions, credits, and deferrals.

No. As an outsourcing provider based in India, we specialize in preparing the underlying tax schedules, work papers, and calculations required by your local CPA or Tax Attorney, who performs the final filing and signs the return .

We provide your local tax professional with clean, reconciled books and finalized tax schedules. This greatly reduces the time they spend cleaning data and performing calculations, leading to lower CPA fees.

We focus on preparing schedules compliant with the tax laws of the USA, Canada, Australia, New Zealand, the UK, and major European jurisdictions, catering to both corporate and partnership structures .

We use the overnight advantage. Your local tax preparer can hand off data or questions to us at the end of their day, and the completed schedules or answers will be ready by the start of their next day .

A Tax Provision is the estimate of a company's income tax expense for financial reporting purposes. We calculate the Current and Deferred components based on the differences between tax and financial accounting rules.

These arise when revenue or expense items are recognized in different periods for tax vs. financial reporting (e.g., depreciation). They lead to the creation of Deferred Tax Assets (DTAs) and Liabilities (DTLs) .

Permanent Differences (e.g., non-deductible penalties, tax-exempt interest) affect the effective tax rate. We track and adjust for these items to reconcile the book tax expense to the actual amount paid.

We prepare the necessary data allocations for your SALT preparer, distributing income and expenses among different states based on apportionment formulas (e.g., sales, property, payroll ).

Yes, we provide the underlying cost and financial data necessary for your tax advisor to establish and defend Transfer Pricing methodologies between your related international entities.

We provide the modeling and analysis necessary to compare the tax implications of an asset purchase vs. a stock purchase, allowing your tax attorney to structure the deal optimally.

We primarily use specialized tax modeling software and advanced Excel work papers for the calculations. We ensure compatibility with major tax filing software used by your local CPA (e.g., Lacerte, UltraTax, CCH Axcess .

  This is a Balance Sheet prepared using the tax rules for asset valuation and liability recognition, which is critical for tax compliance, especially for partnerships and S-Corps in the US. We prepare and maintain this.

All tax-sensitive data is processed within our highly secure, encrypted environment. Access is strictly limited to the assigned Tax Accounting team, bound by stringent NDAs and compliance protocols.

Daily tracking of permanent/temporary differences in the General Ledger (GL), real-time monitoring of tax compliance triggers (e.g., nexus thresholds), and preparing daily transaction-level tax data.

Businesses with high daily transaction volumes, frequent international sales, or those needing to continuously monitor complex VAT/GST liabilities (e.g., large e-commerce firms).

Weekly sales tax/VAT/GST liability reports, monitoring of estimated tax payment requirements, and preparation of weekly work papers for complex tax issues .

Month-end Tax Close, preparation of the Tax Provision (if required), reconciliation of GL to tax accounts, and calculation of monthly VAT/GST/Sales Tax remittances.

Many jurisdictions require monthly or bi-monthly filing and remittance of transaction taxes (VAT/GST). Our monthly service ensures these calculations are accurate and timely .

Preparation of Estimated Income Tax calculations and payment vouchers (e.g., US 1040-ES, UK Corporation Tax), quarterly Deferred Tax calculations, and preparation of quarterly compliance reports.

Companies requiring compliance with quarterly reporting cycles, especially those operating in the US, Canada, or countries with frequent corporate tax installments .

Mid-year Tax Projection and Review, focused on confirming the full-year tax strategy, identifying potential year-end exposures, and adjusting tax planning .

Comprehensive Year-End Tax Close, final calculation of the annual Tax Provision, preparation of all core tax schedules and work papers for the annual tax return filing (e.g., depreciation, amortization, M-1 adjustments) .

We work on a pre-defined schedule to have all primary tax work papers delivered to your local tax preparer well in advance of the statutory filing deadlines.

Yes, we prepare the necessary income, deduction, and basis information required by the CPA to issue accurate K-1 schedules to shareholders.

Yes, we handle the complex tracking of partnership capital accounts and special allocations needed for the CPA to issue the K-1 schedules to partners.

We maintain two separate depreciation schedules: one for GAAP/IFRS (book purposes) and a second using the tax-specific rules (e.g., MACRS for the US, CCA for Canada) to calculate the tax difference.

These are reconciliations (required on the tax return) of net income per the books to taxable income. We calculate and document all required adjustments for your CPA.

Yes, we track the origination, utilization, and carryforward/carryback limits of NOLs according to the specific tax rules of the jurisdiction (e.g., US CARES Act rules) .

We provide the detailed financial data and cost allocation schedules required for your tax specialist to calculate complex foreign income inclusions accurately.

Yes, we compile the necessary vendor payment data throughout the year to ensure your vendor information is ready for the annual 1099 reporting process.

We perform a comprehensive review of all income and expense accounts, flagging items that are treated differently for tax (e.g., capital expenditures vs. deductible repairs) and making adjustments.

We work with your R&D engineers to track qualifying expenses (labor, materials, contracted research) and prepare the calculation schedules required for the tax credit claim .

We provide the complete set of organized, reconciled tax work papers, supporting GL entries, and depreciation schedules—the primary documents requested by tax auditors.

We provide preparatory support by gathering the jurisdictional financial data and performing the initial calculations of the Effective Tax Rate (ETR) needed for Pillar Two analysis.

We maintain a calendar of all client-specific filing and payment deadlines, proactively notifying your management and local tax preparer of upcoming critical dates .

Yes, we track and classify all contributions, ensuring they meet the tax deductibility requirements and preparing the necessary substantiation schedules.

Yes, we reconcile the financial accounting treatment of stock compensation with the tax treatment (e.g., incentive stock options, non-qualified stock options).

We accommodate different fiscal year ends (e.g., December 31 for US/Canada, March 31 for some UK/NZ entities) and align our services accordingly.

We classify every sales and purchase transaction (daily/weekly) to determine the correct tax rate, calculate the Input VAT/GST (recoverable) and Output VAT/GST (payable), and prepare the summary filing report.

We utilize specialized classification tools and your sales data to apply the correct rate based on the country of sale/delivery and the product/service category (including reverse charge and OSS rules.

Yes, we ensure the underlying data is MTD-compliant, calculate the totals for the nine boxes of the return, and provide the summary for your UK agent to finalize and submit.

We calculate the GST payable/refundable and prepare the data necessary for your local agent to file the Business Activity Statement (BAS) accurately .

We manage the complexity of different provincial rates (GST, Harmonized Sales Tax - HST, and Provincial Sales Tax - PST) by tracking sales location and product type meticulously .

Yes, we track transactions to determine if nexus (sufficient presence) has been created in a state, classify transactions as taxable or exempt, and prepare the data for SUT filing software.

Nexus is the legal connection that triggers a tax obligation. We monitor thresholds (e.g., economic nexus, physical nexus) based on sales volume and transaction count across US states.

We ensure that all inter-company sales and purchases are correctly classified for VAT/GST, applying the appropriate reverse charge mechanism where applicable to avoid penalties.

Yes, we properly classify import duties and import VAT/GST and ensure that export sales are zero-rated, providing the necessary documentation trail.

We analyze the Place of Supply rules to determine where services are deemed supplied, which dictates the correct VAT/GST treatment, especially for B2B vs. B2C transactions.

We provide the detailed historical sales data required by your local tax advisor to complete the application process for VAT/GST registration in new territories.

We perform the historical transaction review, quantify the error, and prepare the required adjustment data for your local agent to file an amended return.

We use API connections to pull data from platforms like Shopify or Amazon, ensuring accurate transaction data (including sales tax collected) is reflected in the GL and tax schedules.

Yes, we track customer exemption status and ensure that transactions are correctly flagged as non-taxable, preventing incorrect tax collections and liabilities.

Using outdated rates leads to under-collection of tax, leaving your company liable for the difference plus penalties and interest during an audit. We use continuously updated tax data .

Yes, we classify digital services based on the specific rules of the country of consumption, which is often subject to specialized VAT/GST rules (e.g., EU VAT MOSS).

We deliver a comprehensive Summary Report detailing the inputs, outputs, and net amount due, along with the supporting transaction reports (e.g., Audit File) .

We track and compile the foreign VAT paid on business expenses, providing the necessary documentation for your tax agent to claim the refunds through relevant schemes.

We provide a detailed transaction log for the audited period, reconciling the filed return amounts back to the underlying invoices, mitigating auditor scrutiny .

We allocate the total sales price to the individual components of the bundle based on relative standalone selling prices (SSP), ensuring each component is taxed at the correct rate.

We provide the financial modeling and data analysis for scenarios like year-end income deferral, maximizing deduction timing, and assessing the tax cost of capital investments.

Yes, we model the tax effect of decisions such as selling a major asset, offering a retirement plan, or changing entity structure (e.g., from sole proprietor to LLC/Ltd .

We work with your CPA to identify the maximum allowable deductions, such as Section 179 expensing (US), accelerated capital allowances (UK), or accrual adjustments, and prepare the necessary journal entries .

We provide the data and analysis on shareholder/partner distributions and compensation structures to support your personal tax advisor's minimization strategy.

We use a rolling projection model, updated quarterly, that uses actual year-to-date data, estimated growth rates, and current tax law to forecast the final tax burden.

We provide the data required to model the tax costs (e.g., withholding taxes, deemed repatriation taxes) associated with different methods of moving money between international entities.

A mid-year review allows you to adjust estimated payments to avoid underpayment penalties and provides time to implement tax planning strategies before year-end.

Yes, we perform an audit of your current accounting policies and practices to identify areas where tax rules have been incorrectly applied or deductions have been missed .

We model the tax-deductibility of interest expense on debt versus the non-deductibility of dividends paid on equity, informing your optimal capital structure .

Yes, we compile the costs associated with qualifying assets (e.g., renewable energy equipment, efficient machinery) and prepare the calculation for the credit claim.

We track the differences in taxable income resulting from using different methods (e.g., LIFO for tax, FIFO for books) and manage the resulting LIFO reserve  .

We handle the intricate tracking of basis and required adjustments for assets involved in estate or complex trust tax scenarios .

Post-acquisition, we manage the integration of the acquired entity's accounting data, ensuring that historical tax attributes (e.g., NOLs) are correctly tracked and utilized .

Yes, we perform sensitivity analysis to model the effect of proposed or legislated tax rate changes on your Deferred Tax Liabilities (DTLs) and overall tax provision.

We ensure all tax positions taken on the work papers are supported by robust financial data and clear documentation to stand up to scrutiny under general anti-avoidance rules.

Yes, we function as a professional extension of your finance team. We handle all data-related communication, clarification, and delivery directly with your authorized CPA or tax preparer ​.

Onboarding typically takes 4 to 8 weeks. This includes setting up secure access, reviewing your Chart of Accounts, creating the initial tax reconciliation model, and aligning schedules.

You receive a comprehensive Tax Work Paper Package, including the Trial Balance (Tax Basis), all Depreciation/Amortization schedules, M-1/M-3 reconciliation, and the final Tax Provision.

Our dedicated Tax Accountants receive mandatory, continuous professional development (CPD) training focused specifically on the US, UK, Australian, and IFRS tax rule changes  .

We immediately adjust our tax models and work papers to incorporate the new law, proactively calculating the impact on your current estimated taxes and year-end provision .

Yes, we meticulously track shareholder/owner loan balances, contributions, and distributions ensuring these transactions are properly treated as debt/equity for tax purposes.

Yes, we compile the necessary balance and ownership data for foreign accounts, enabling your CPA to comply with FBAR reporting requirements .

We track the issuance, exercise, and forfeiture of options/warrants, calculating the difference between book and tax treatment (e.g., Section 83(b) elections .

We perform a forensic review of the prior year's books, calculate the cumulative adjustment to retained earnings, and prepare the supporting data for an amended tax return filing.

No. We provide the data and analysis. Formal tax opinions must be provided by a licensed Tax Attorney or CPA in the relevant jurisdiction.

We track employee wages, supply costs, and contract research costs specific to R&D activities, compiling the necessary information to support the credit calculation.

We track the accounting for the Allowance for Doubtful Accounts and reconcile it with the tax treatment (e.g., specific charge-off method in the US).

Yes, we identify assets eligible for immediate expensing, such as Section 179 (US) or 100% Bonus Depreciation, and ​ prepare the election data for your tax preparer.

Yes, we calculate the Adjusted Taxable Income (ATI) and the interest expense limitation based on the relevant tax code rules, tracking the disallowed interest carryforward.

We meticulously track and classify these expenses, applying the appropriate deduction limits (e.g., 50% vs. 100% for meals, depending on the jurisdiction and period .

Yes, we track the foreign taxes paid, categorize the income streams, and provide the allocation data necessary for your CPA to maximize the use of the FTC.

We prepare detailed reports isolating the revenue, expenses, and asset base related to the qualifying activity (e.g., operations in an economic development zone).

We track the original cost, adjustments (e.g., capital improvements, depreciation taken), and carryover basis to accurately determine the gain/loss for tax upon sale .

We track the wages paid to qualifying new hires and prepare the necessary calculations to support the credit claim .

We track the difference between the GAAP/IFRS treatment of leases (Right-of-Use assets) and the tax treatment, managing the resulting temporary differences.

Yes, we identify and track expenses that qualify for the safe harbor, preparing the necessary documentation to immediately expense them for tax purposes.

We track the cost basis, holding periods, and sales proceeds of crypto assets, providing the necessary data for your tax preparer to report capital gains/losses .

We maintain an organized digital folder with source documentation (invoices, receipts, contracts) tied directly to every significant tax deduction or credit claimed .

The first step is a Compliance Review Session with your team and your local CPA to align on the required tax elections, filing jurisdictions, and reporting methodologies.

Yes, we track and classify insurance proceeds to ensure they are properly treated as taxable income or a non-taxable recovery of costs, depending on the specific tax code.