Tax

Tax

Compliance & Consulting

Overview

Our tax team is a group of highly experienced tax professionals having education qualifications like CPA and EA (Enrolled Agent). Our team has an average of 6+ years of Big-4 experience in multiple industries and is trained to pick up work right from collecting PBC data to processing of the return to IRS and state jurisdictions. We also help in annual maintenance of the return and compliance of database.

We have a robust annual training program in place which helps train professionals to refresh and build basic to high level tax technical concepts on C-Corp, S-Corp, Passthrough, Individual and Sales and Use tax topics. We also create simulation-based case studies for 1120, 1120 S, 1120 PC, 1065, 1040, 1041 and related forms to train our team on the software.

Services

  • Federal & State Returns
  • Corporation (Separate and Combined entities)
  • S-Corporation
  • Partnership
  • Property and Casualty¬†Insurance Company
  • Sales and Use Tax
  • Individual / HNI returns
  • Responding to tax notices, etc.
  • Preparation of estimates and provisions
  • Preparing workpaper and filing extensions for Federal and State

Skills

  • Analyzing the client financials and determining the tax sensitive items.
  • Handling complex M-adjustments like accruals, deferrals, payrolls etc.
  • Strong understanding of complex calculations like depreciation (Form 4562), gains and loss on sale of fixed assets (Form 4797), business interest expense (Form 8990), COGS (Form 1125 A), Officers compensation (Form 1125 E), R&D Tax Credits (Form 6765), FICA Tip credit (Form 8846), Affiliations Schedule (Form 851) etc.
  • Preparation of K-1 workpapers and issuing partner packages.
  • State experts help in preparing the composite elections documentation and handle the withholding and composite filings.
  • Help in nexus studies and provide support on preparation of complex apportionment workpapers for operating clients.
  • Experienced in using various software commonly used in industry (e.g., CCH Axcess, CCH ProSystem FX, CorpTax, GoSystem, OneSource, Sureprep, Sage, FAS, etc.)
  • Sales and Use Tax compliance and consulting which includes filing VDAs, reverse audit, taxability research, bolt-on system integration.
  • Expertise in individual returns for Expat, Inpat and HNI.¬†

Sectors

  • Manufacturing
  • Retail
  • Healthcare
  • Distribution
  • Technology / SaaS, etc.

Windy Street will love to connect with you to set up a new service offering whether it be related to investment banking support, or data analytics, or anything else you need help with. We have successfully expanded to five service lines in the last two years and are excited to partner with you and grow our expertise in an additional service offering.