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Services

RightTaxMate provides a wide range of services to individuals and businesses in a variety of industries. At RightTaxMate, we strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment.

Our professional services include:


Tax Management Services

At RightTaxMate, we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals. Our expertise, experience, analysis and thorough research allow us to optimize financial opportunities to be found in existing as well as recently altered tax laws. We are knowledgeable and up to date on the tax laws and can make sense of your receipts, bills and notices.

Bookkeeping Services

From start-ups to established enterprises, businesses rely on accurate and insightful financial information in order to maintain profitability and capitalize on new opportunities. RightTaxMate's bookkeeping services steer you closer to these goals with accurate record-keeping and reporting as well as support on financial issues such as initial bookkeeping system setup, cost-containment, tax planning, investments, and employee benefit and profit-sharing plans.

These services include but are not limited to:

  • General ledger and financial statement preparation
  • Bookkeeping (Monthly, quarterly, or annual)
  • Bookkeeping system setup and support
  • Payroll processing
  • Cash flow budgeting and forecasting
  • Personal financial statements
  • Employee benefit and profit-sharing plans
  • Corporate tax planning and return preparation

Estate and Trust Planning and Tax Preparation

Effective estate and trust planning can ensure financial security for loved ones. For businesses, it can maintain a smooth succession of ownership. RightTaxMate's role is to help you navigate the complex and shifting tax laws to facilitate the transfer of assets and minimize the tax liability of your beneficiaries. Everyone should have a well-thought-out plan as to how to distribute the assets left in one's estate so as to avoid complications and to be sure that the individual’s wishes are followed. Having your taxes and estate thoroughly and carefully planned will ensure that your loved ones don't have any complications to deal with during a time of loss.

Financial and Retirement Planning

RightTaxMate's goal is to help you reach your financial goals and maintain financial independence through a comfortable retirement. We can guide you through tough decision-making processes such as asset allocation, investment performance monitoring, college education funding, retirement plans, insurance, and tax, estate, and business succession planning. Whether you are developing an investment strategy or evaluating current investments, RightTaxMate can ensure that your portfolio will take into account tax implications for an advantageous after-tax return. The road to retirement is a long one and we can help you to take the proper steps to reach your goals.

QuickBooks Bookkeeping Help and Assistance

QuickBooks can provide useful and timely information in the form of financial statements, reports and graphs. However, it can only provide this information if you purchase the right product and then install, setup and use it properly. We don't just help you use the software, we help you use it more efficiently and more effectively.

RightTaxMate offers the following solutions to help meet your QuickBooks needs:

Personal Training

We train you personally! Either one-on-one or several individuals within your organization at your company's location.

Installation

We install QuickBooks on your stand alone computer or in a network environment, in either single- or multi-user mode.

Setup

We assist new QuickBooks users with initial setup including: EasyStep Interview, Preferences, Lists, Customers, Vendors, Employees, Banking and Reports. We also help experienced users manage their businesses more effectively by improving their current setup. Many users experience problems and lack the ability to generate and track important information as a result of inadequate setup.

Support

Our QuickBooks support service can assist you with any installation, setup or operation assistance you might need. In addition, our support is not limited just to the software part of it, but we can also provide bookkeeping and payroll assistance.

Review

Our QuickBooks review service helps companies that have the human resources to perform daily bookkeeping and payroll tasks, but need a bookkeeping and payroll expert to review your transactions, accounts and reports. This review ensures that you receive timely, relevant and reliable financial information. We also inform you of any corrections, adjustments or reclassifications necessary to ensure that the financial information you receive reflects the correct financial condition of your business. Reviews may be conducted at any time, but monthly reviews provide you with up-to-date information and feedback about your business.

Bookkeeping/Write-up

Accurate record-keeping is essential to a successful business yet can also be complicated and time consuming. RightTaxMate can help you with the organization and day-to-day tasks of bookkeeping so that you can focus on your core business.

Entity Selection and Restructuring

Your business entity has a large impact on your taxes and other liabilities. From your company's inception through its growth and development, RightTaxMate can advise you on choosing an entity type and later restructuring if advantageous. With our knowledge and expertise, you will always be receiving the most advantageous entity type for the functions your business performs.

IRS Representation

Professional representation can be vital during an audit, and our experience with tax authorities enables us to guide clients in their dealings with federal and state agencies. If you have been chosen for an audit, the professional representation you can find with our firm can put many of your worries at bay. We are ready and willing to answer any and all questions the IRS may be asking of you.

Payroll Services

RightTaxMate's payroll services can help you reduce the time spent on administration through developing and implementing a computerized payroll system that will facilitate processing, timely payment and preparation of tax returns.

Employee Benefits, Pension, and Profit-Sharing Plans

Choosing and administering benefit plans for your employees is often a complex process. RightTaxMate can help you develop, implement, and administer your benefit, retirement, and profit-sharing plans with an eye toward rewarding your employees and reaching your company's financial and business goals. We can also help maximize tax advantages in implementing these plans. As your business grows, your business and your employees will be rewarded for the hard work that contributed to the success of your business.

Cash Flow and Budgeting Analysis

Good cash management can improve a company's liquidity, reduce costs, and increase profitability. RightTaxMate can help you maintain optimal cash flow levels by tracking sources and uses, forecasting, and budgeting accordingly. To a business entity, cash flow is something that can make or break the business' ability to survive. We can help you analyze your spending, re-balance your budget and/or debts for an optimal cash flow to support your business' success. This balance plan would be revisited if and when there were any major changes in your business structure to ensure that you are operating at an optimal level. With our help and guidance, you will always be on top of your finances and ready for the future.

Financial Projections and Forecasts

No one can predict the future perfectly, but we can all benefit from planning for it. RightTaxMate combines expertise and experience with a gained understanding of your business to produce financial projections that can help you manage your business plan and spending. Forecasting for the future is imperative to your company's success. We make it a point to keep current with market trends and updates so that your business can be prepared for what is to come. Depending on your needs, our work can range from top-level reports to detailed financial models.

Business Funding

Whether your needs are corporate or personal, RightTaxMate's professionals can assist you in sorting out the different options available for debt management and financing that will lower your payments and/or reduce the total amount of interest paid. Re-balancing your debts can also result in tax deduction savings. Even if you are able to handle the payments and the amounts of your current debts, our expertise may be able to save you money and/or lower your payments.

International Taxation

Our experience with the taxation of United States companies doing business abroad and residents working abroad as well as foreign corporations doing business in the United States or foreign citizens working in the United States has provided us with an extensive base of knowledge in the area of international taxation.

FBAR/FATCA and International Compliance

Do you have a financial interest in or signature authority over a foreign financial account, whether a bank account, brokerage account, mutual fund or a Trust? If yes, US laws require you to report the account yearly to the Internal Revenue Service by filing Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts (FBAR).

Missed FBAR filing can lead to huge civil penalty, an amount equal to the greater of $100,000 or 50 percent of the account balance for each violation each year, potentially accruing to the greater of $800,000 or 400 percent of each account balance over a six year period apart from criminal penalty, the fraud penalty and foreign information return penalties.

RightTaxMate provides complete insight into the tax code that applies to Resident Individuals in the United States, including Green Card Holders and US Citizens.

India Tax and Repatriation

We are one of the leading tax preparation service providers in Indian tax and bookeeping services, our aim is to offer one stop shop for all tax and bookkeeping needs for our clients.

Our team of qualified Indian tax experts can provide our client following services.

  • Professional Tax Return Preparation (ITR -1 to 8 )

  • Application of advanced Tax Planning Strategies

  • Timely E-Filing & Paper Filing of the tax returns

  • Tax Representation in front of Statutory Authorities

  • Discounts & Dedicated/Designated Concierge for Corporate groups

  • Repatriation process.

ITIN Acceptance Agent Services

A Certifying Acceptance Agent is a person or an entity (business or organization) who, pursuant to a written agreement with the IRS, is authorized to assist individuals and other foreign persons who do not qualify for a Social Security Number but who still need a Taxpayer Identification Number (TIN) to file a Form 1040 and other business returns.

RightTaxMate offers ITIN Acceptance Agent Services thru the team of professional and qualified ITIN Acceptance agents.

Registered Agent Service

Registered Agent Service, in short “RA” is a Mandatory requirement for every entity registered in the United States.

Registered Agent is responsible for receiving important legal and tax documents on behalf of the business. Types of documents sent to the registered agent include:

  • Service of process (sometimes called notice of litigation), which is the document that initiates a lawsuit;
  • Important mail sent by the state, such as annual reports or statements;
  • Tax documents sent by the state’s department of taxation:

Registered agent must have a physical address in the state of formation or qualification. Post Office boxes or a private mailbox rented from a company, such as The UPS Store, are not allowed. Registered agent’s address is a matter of public record, which means that anyone has access to it.

Virtual CFO/Controller Services

This is a service that startup businesses in the United States value the most. Our Virtual office service comes with a proper address (and not a PO box) in any city of your choice within the United States. We receive documents on behalf of your business, sort them, open the packages received at the virtual address, securely shred junk mails, scan and upload soft copies of your secure account on your RightTaxMate portal.

Non-Profit Formation and Filing

Non­profit organizations (NPO) are a legal entity with the motive of ensuring justice and equality in a society. They are widely present in the domain of arts, culture, science, sports, religion and for undertaking any other permitted activity without a profit motive.

To be tax-exempt under section 501(c)(3) of the Internal Revenue Code, an organization must be organized and operated exclusively for exempt purposes set forth in section 501(c)(3), and none of its earnings may inure to any private shareholder or individual. In addition, it may not be an action organization, i.e., it may not attempt to influence legislation as a substantial part of its activities and it may not participate in any campaign activity for or against political candidates.

Organizations described in section 501(c)(3) are commonly referred to as charitable organizations. Organizations described in section 501(c)(3), other than testing for public safety organizations, are eligible to receive tax-deductible contributions in accordance with Code section 170.


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