Tax Preparation Services (NY)
Personal Tax Preparation
We provide the highest quality individual tax preparation services at a great value to our clients. You can count on us to make sure your tax prep is done in the best way possible and that you are getting the maximum returns and tax advantages you can possibly get . We take a proactive approach to let you know of the things you can do to increase your tax savings on your present return as well as future ones. We want you to achieve your personal financial goals, and knowing how to manage your personal taxes is a crucial part of making that happen. We provide the best service possible to every one of our clients. Proficient Consulting Services Inc. is a tax preparation firm you can count on to help you file your taxes and plan for your financial success.
Please bring the following documents in order to file the Personal Tax:*
1. Copy of Social Security Numbers of tax payers, spouses and children.
2. Copy of Identification Number of each tax payer.
3. Work Authorization Card.
4. Proof of Income (W-2 and 1099).
5. Interest income (1099-Interest) from bank.
6. Investment or brokerage account statements for stock, bonds etc.
7. Copy of Birth Certificate of children who are qualified for EIC credit.
8. Bank statements and canceled checks for Self-Employed business (Cab Driver, Street
Vendor, Independent Contractor etc).
9. Void copy of personal check for E-file.
Additional documents may be required based on required tax. Payers may call to inquire.
Obtaining Personal Tax Identification Number (PTIN)
Required Documentation
The documents which are accepted by the IRS as valid forms of identification are:
- Birth certificate (ITIN applicants under the age of 18 are required to send)
- Foreign ID
- National ID (must contain current photo and address, name, date of birth, and a future expiration date)
- Passport (does not require additional documentation)
- Travel or work Visa
- US state ID
- US Military ID
- USCIS (U.S. Citizenship and Immigration Services) photo ID
- Valid U.S. driver's license
- Valid foreign driver's license
- School records (for dependents of applicants only under the age of 14, under 18 for students)
In addition to being current (containing a future expiration date), all documentation must have a valid name and photograph and show proof of your foreign status. For documents on which expiration dates are not issued, the issue date must be within a time frame of 12 months or less prior to the date submitted with an ITIN application.
Business Taxes
When starting a business it is very important to understand all of the factors you must consider to decide the type of business entity you should create. There are many things to understand about your business' status, including your incorporation type and the tax and legal implications that come with it. Setting up the right type of business is crucial to setting yourself up for success. The type of business you are starting, owners or stockholder status, your expected earnings and various other factors can affect the type of business you should set up. It is crucial to get a good understanding of these things to help you make the right decision for your business.
When we help our clients with their business incorporation, we take their requirements and needs into full consideration, and then offer the right solutions for their needs. We have a strong grasp of the tax and legal implications that come with each business entity type, and give our clients the guidance they need to ensure they are setting up the right type of business. We pride ourselves in offering top service to our clients at an extremely good value. We help clients with all types of corporations, including the following:
- Sole Proprietorship
- Partnerships
- C Corps
- S Corps
- LLCs
- LLPs
- Not For Profit Organizations
If you are considering starting a business, it is important you speak with accounting professionals beforehand, in order to set everything up in the right way. The amount of taxes you pay, the implications for company shareholders, and many other factors are all affected by your decision. When you work with us, we ensure you will get top quality incorporation services that will simplify the start of your business, and we can also provide the ongoing support and assistance that will help you reach your financial goals.
Please bring the following documents in order to file the Business Tax:
1. Twelve months of bank statements (January-December).
2. Profit and loss statement and balance sheet.
3. Copy of canceled checks.
4. Inventory valuation report as of December 31.
5. Any loan agreements and loan balances as of December 31.
6. Any credit card balances and vendor balances as of December 31.
7. All the valuation of assets (cash, furniture and fixtures, computers, equipment, cars,
freezes, security deposits etc.).
8. General ledger (receipts, bills, invoices etc.).
9. Accounts receivable report as of December 31.
Additional documents may be required. Payers may call to inquire.
Sales Tax
Outsource Your Entire Sales Tax Function—From Calculation To Remittance.
When it comes to sales and use taxes, businesses are faced with a number of significant challenges:
1. Keeping track of thousands of ever-changing tax rates
2. Calculating sales and use taxes correctly based on product categories and where products
are being bought and sold
3. Completing tax forms
4. Paying taxes on time every time
A Complete Tax Solution
Proficient Consulting Services inc. performs the sales tax compliance process from end to end to help you reduce exposure of tax liability and compliance costs. We provide the highest quality sales tax preparation services at a great value to our clients. You can count on us to make sure your sales tax is done in the best way possible and that you are getting the maximum returns and tax advantages you can.
Proficient Consulting Services inc. is a tax preparation firm you can count on to help you file your taxes and plan for your financial success.
In order to file Sales Tax, we need the following documents:
1. At least 3 months of original bank statements or daily sales record.
2. Copy of Sales Certificate.
3. Blank check for E-file purpose.
4. Copy of State Identification.
Additional documents may be required based on required tax. Payers may call to inquire.
Bookkeeping
We offer the full range of accounting services for both individuals and businesses. Our accounting professionals have vast experience and ensure that our clients' accounting is done in the best way possible. Regardless of the size of your business or accounts, you need to ensure that you are following accounting best-practices in order to avoid miscalculations that could lead to problems in the future.
At Proficient Consulting Services Inc. we work with our clients in a number of ways to ensure that their accounting needs are met. We are here to help whether you want us to handle all of your accounting needs so you do not need to hire your own accounting staff, or whether you want our
consultancy services to ensure your accounting staff is correctly inputting and calculating your data. Our goal is to make accounting hassle free for you so you can focus on the parts of your business that really make it grow.
Our accounting services are customized to your exact needs. We work hard to ensure that you get the type of service and quality accounting work that you deserve and expect. While we can provide any type of accounting service you require.
Payroll
Proficient Consulting Services inc. provides top quality, professional payroll services to help make managing your payroll hassle free. Our payroll services for business are customized to make sure we are meeting the particular needs of your business. We understand that no two companies are the same, and customized payroll processing solutions are required to ensure your business‘ needs are met. Whether you want us to manage all or part of your payroll, or require payroll consulting services for your accounting staff, our goal is to make sure your payroll is handled in the best way possible.
Our payroll services include maintaining payroll, processing payroll, preparation and distribution of paychecks, submission of forms and payment of payroll taxes to relevant authorities and all other payroll related services.
Whatever your needs, we will work with you to make sure your business‘ payroll needs are taken care of. Our mission is to give each client the care and attention they deserve to ensure they get the highest quality payroll services.