Konnect Books & Taxes- Virtual CFO & USA Tax Consultants

🌟 Happy Diwali! 🌟 Wishing you all a bright, joyous, and prosperous Diwali! 🪔✨ May this festival of lights illuminate your life with success, happiness, and good health. Let’s celebrate new beginnings, cherish our connections, and continue to spread positivity and kindness. Stay safe and shine bright! 🌟 #HappyDiwali #FestivalOfLights #Positivity #NewBeginnings

🚀 12 Essential Steps Every CPA Should Take to Prepare for Tax Season Tax season is just around the corner, and preparation is key to staying ahead! 🧾 Here’s a quick breakdown of steps every CPA can follow to ensure a smooth, efficient season: 1️⃣ Stay Current with tax laws and IRS changes. 2️⃣ Keep Software and Systems Updated. 3️⃣ Regularly review your fee structure. 4️⃣ Continuously improve internal processes. 5️⃣ Prioritize data security. 6️⃣ Ensure e-filing systems are ready. 7️⃣ Evaluate staffing needs. 8️⃣ Regularly review client information. 9️⃣ Establish and ongoing client communication plan. 🔟 Ensure CPE compliance. 1️⃣1️⃣ Double check e-filing systems. 1️⃣2️⃣ Keep your office or remote setup ready. Preparation today ensures success tomor: row. Let’s tackle this tax season with confidence! 💼 Read more: https://lnkd.in/dqve6tDA #TaxSeason #CPA #Accounting #TaxTips #FinancialPlanning

Happy Birthday, Ma'am CA Kavita Tapdiya Chakraborty! 🎉 On this special day, October 27th, we celebrate your remarkable leadership that has been instrumental in our growth, both professionally and personally. Your mentorship has created a culture of compassion and positivity, making our workplace an inspiring environment to work. Thank you for being a true inspiration! #leadership #birthdaycelebrations #inspiringleader #konnect

Happy Birthday to our amazing leader, Kavita! 🎉 CA Kavita Tapdiya Chakraborty Not only do you inspire us with your commitment to helping people achieve their dream homes, but you also give back through Komnect Care Foundation, supporting stray dogs and providing school essentials for local kids. Thank you for balancing it all with such grace – from family to fun to making a difference. Here’s to a fantastic year ahead! 🏠🐾 #HappyBirthday #Inspiration #Konnectcare#konnect books and Taxes Konnect Books & Taxes- Virtual CFO & USA Tax Consultants

BOIR *Beneficial Ownership Information (BOI) reporting* under the Corporate Transparency Act (CTA)it’s MANDATORY for certain entities to report information about their beneficial owners to the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury. *Who Needs to File? domestic and foreign companies registered to do business in the U.S. (It includes Corporations, Limited liability companies (LLCs) & Other entities created by filing documents with a state office. *Why it needs to be filed ?* BOI reporting is required primarily to enhance transparency and combat illicit activities. *Reporting timeline:-* Formed before January 1, 2024: Report by January 1, 2025. Formed in 2024: Report within 90 days of formation. Formed on or after January 1, 2025: Report within 30 days of formation. Updates or Corrections: Report within 30 days. *Penalties for Failure to File* Non-compliance with BOI reporting requirements can result in significant penalties: • Civil penalties: Up to $500 per day • Criminal penalties: Up to 2 years of imprisonment and/or a fine up to $10,000 *Information & Documents Required for Filing* For each beneficial owner, the following information is required: 1. Full legal name 2. Date of birth 3. Address 4. Unique identifying number from an acceptable identification document (e.g., driver’s license, passport) along with an image of the document. Please take this seriously business owners , who have US entities and avoid any penalties. If need help, DM us. CA Kavita Tapdiya Chakraborty Shubham Bokadiya #BOIR #CTA

🌪️ IRS Tax Relief for Floridians Affected by Hurricane Milton🌪️ In response to Hurricane Milton, the IRS has announced significant tax relief for those impacted in Florida. The tax filing deadline originally set for October 15, 2024, has now been extended to May 1, 2025 for affected individuals, C corporations, and nonprofit organizations. Here’s a breakdown of the relief provided: - Individual and C Corp Returns: 2023 tax returns due on October 15, 2024, are now extended to May 1, 2025. - Quarterly Estimated Tax Payments: Payments originally due on January 5, 2025, have also been postponed to May 1, 2025. - 2024 Tax Returns: Individual and business tax returns with original due dates in March or April 2025 will be extended to May 1, 2025. If you have any questions or need assistance navigating these changes, please don’t hesitate to reach out to Konnect Books and Taxes. We’re here to help! #TaxRelief #HurricaneMilton #IRS #Florida #TaxSeason #KonnectBooksAndTaxes

#Immediatehiring Hello Connections, We are hiring!!! Designation: Senior US Tax Reviewer Location: Pune (On-Site) Education: Master's degree in accounting, Finance, or a related field Experience: 3+ years Interested candidates can send their CV to hr@konnectconsultancy.com Please find the detailed job description below: Senior Tax Reviewer - Konnect Consultancy Services Pvt. Ltd. Join our Pune team and ensure seamless US tax preparation for our growing clientele! About Konnect Konnect Consultancy Services Pvt. Ltd., a leading provider of international bookkeeping services to US clients, seeks a detail-oriented and experienced Tax Reviewer for our expanding Taxation department. Konnect, established alongside Konnect Technologies, offers a comprehensive suite of international bookkeeping solutions designed specifically for US businesses. We recently expanded our services by incorporating Konnect Books and Taxes Inc. in the US. The Opportunity This senior associate role plays a pivotal role in delivering exceptional client service and ensuring accurate US tax preparation. You'll oversee the entire client tax return process, from initial communication to finalization. Leveraging your in-depth knowledge of US tax regulations, you'll guarantee precision and efficiency in all tax-related tasks. Responsibilities  Ensure meticulous compliance with state and federal tax laws by accurately calculating tax liabilities and preparing & filing annual tax returns.  Minimize client tax burdens by strategizing with deductions, exemptions, and leveraging your comprehensive understanding of US tax law.  Educate colleagues and clients on upcoming policy changes, intricate financial concepts, and best practices in tax preparation.  Maintain well-organized tax records and financial data for internal use and potential audits.  Meet all deadlines with precision to avoid penalties and late fees.  Possess strong working knowledge of various tax forms, including: o 1040, 1120S, 1120, 1065, 1041, 990 o 1040 NR with treaty o Complex K-1s with multi-state considerations o International Tax forms (5471, 5472, 8804, 8805, etc.) Qualifications:  Essential: o 3+ years' experience in US tax preparation and finance o Exemplary accounting and bookkeeping skills o In-depth understanding of US tax codes, regulations, and federal/state tax laws o Superior verbal and written communication skills o Meticulous attention to detail o Ability to manage time effectively and meet tight deadlines  Preferred: o master's degree in accounting, Finance, or a related field o Experience with Intuit ProConnect software o Enrolled Agent (EA) or Certified Public Accountant (CPA) certification #ustaxreviewer #punelocation #onsite #greatopportunity #urgenthiring #references

Dussehra isn't just about the victory of good over evil—it’s a reminder that self-discipline, courage, and knowledge are the keys to overcoming life’s challenges. In today’s fast-paced world, let’s reflect on these lessons to grow both professionally and personally. Wishing you all strength and wisdom this Dussehra! #Dussehra2024 #SelfDiscipline #OvercomingChallenges #ProfessionalDevelopment #FestivalOfLearning #GrowthMindset

Strategic tax planning can greatly impact short-term liquidity. Which option would you choose to maximize cash flow?"

#Comment below with your reasoning