Wednesday, March 19, 2008

Outsource Tax Preparation and VAT Returns to Stay Competitive!

Outsource Tax Preparation and VAT Returns to Stay Competitive! Tax preparation can be defined as the act of preparing the filing of income tax returns. Most companies in the U.S and U.K prefer to outsource their tax preparation services because of the complex income tax laws. Organizations, whose core business functions are not tax preparation, outsource in order to concentrate on core business processes and save on time and effort.
You can find a reliable tax preparation partner in India who can provide you with professional tax preparation services and tax consulting services. Outsourcing tax preparation to India can help you to deal with your tax workload and can also help your organization to meet its taxation filing deadlines on time. Outsource tax preparation services and focus more on your business and customer relationships.
The following is a list of tax preparation services that can be outsourced to providers in India:

For Partnerships

  • K-1(Worksheet)
  • Form No.1065

For Corporations

  • Form No.1120S for Statutory Corporation
  • Form No.1120Form No. 1120A

For Individuals

  • Form No.1040EZ
  • Form No.1040X
  • Form No.1040
  • Form No.1040A

VAT return services are usually required after the tax period is over. A VAT return would include the amount of VAT charged on sale and the VAT that has to be deductible on purchases. Filing VAT returns can be tedious and time-consuming. Outsourcing VAT returns can give you access to professional services and also help your organization to save on time, money and effort. In India, you can find an expert VAT returns service provider who can provide you with efficient services at a cost-effective price and within a fast turnaround time.

The following is a list of VAT return services that can be outsourced to service providers in India:

  • Correcting VAT return forms
  • Ensuring minimal VAT returns
  • VAT calculations
  • VAT return consulting
  • VAT administration

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