March 2022 – Law CPA Practice Firm

31 Mar 22

USA Individual tax payers – Third payments from IRS

same structure for business. With NRI friends with foreign experience, the concept of LLC or LLP has taken a deep root. Like the kid one day asked me about the partnership firm in my garden, do we have the required information on Partnership firm’s formation, the rules, tax information or…

31 Mar 22

U. S. Taxation: Partnership Firms– LLC & others– Series No. 1

U. S. Taxation: Partnership Firms– LLC & others– Series No. 1 It is a common debate among accounting professionals that Partnership firms in U.S.A. would solve all the problems and that they would recommend their clients to have the same structure for business. With NRI friends with foreign experience, the…

31 Mar 22

U S Taxation – S Corporation – Useful information to be learnt and cherished

US Taxation – S Corporation – Useful information to be learnt and cherished It was a casual meeting with one of my clients who mentioned about his brother in law who has been a member of S Corporation, a tax entity under U S Taxation. He wanted me to write…

31 Mar 22

U S Taxation – Gift Tax – Interesting facts to know

USA Individual tax payers – Third payments from IRS My USA tax clients have started receiving third economic payment from Internal Revenue Service, * U S Treasury department, U S government. I am enclosing below the relevant website details for reference and shall cover the relevant information in this article.…

31 Mar 22

RBI: Cyber Frauds and a survey

U S Taxation – Gift Tax – Interesting facts to know Happy Sankranti/Pongal and new year 2017 Greetings to all readers. As a CPA, I am often requested by my clients whether they can gift anything to their dear ones. The laws governing gift in India and USA differ…

31 Mar 22

Niti Aayog: National Monetization Pipeline

Niti Aayog: National Monetization Pipeline National Infrastructure Pipeline (‘NIP’) explains the infrastructure vision for our nation by envisaging infrastructure investment of Rs. 111 lakh crores over five-year period from FY 2020 to FY 2025. With annual average investment of ~Rs. 22 lakh crores, this is a significant step-up (~2.5 times)…

31 Mar 22

Japanese taxation: Latest developments – 2021

Japanese taxation: Latest developments – 2021 Let me wish you ‘Akemashite omedetou gozaimasu. (formal): あけましておめでとうございます’ a Happy New Year in Japanese. Let us proceed with our learning of the latest developments in Japanese taxation. Due to initiation of Japanese taxation in our earlier articles in an exhaustive manner, let me…