For CPA Firms
Our international position has proven to be an advantage. With teams based in the United States and India, we can provide efficient, high-quality services that exceed expectations, typically before the start of your workday. Imagine waking up in the morning to find the work already done, your team in India having completed it overnight. An engagement with Madras Accountancy can instantly double your productivity, giving you a major edge over your competitors.
International teams
We invest in our staff. This investment leads to long tenures and skilled individuals who are well-versed in your industry and can maintain continuity in their work with your firm. You won't have to worry about the high costs of turnover–constantly training new personnel or dealing with a lack of consistency–we provide a reliable, long-term partnership that accelerates your business growth.
Reliable, long-term partnerships
We provide dedicated professionals specially matched with your firm to serve as your primary point of contact. Solely focused on your needs, your team member will understand your business objectives and can address any questions or concerns. Rest easy knowing you will have their undivided attention, and you won't have to share their time and resources.
Dedicated resources
We’re ready to support your firm
As the business landscape evolves, we recognize the need for flexible staffing solutions to meet the ever-changing demands of our clients. We now offer a customized staffing experience for businesses seeking short-term or long-term solutions. Madras Accountancy can provide additional capacity for the busy tax season and resources to assist with your CPA firm's day-to-day needs.
Our portfolio of services includes:
Tax Return Services
Bookkeeping Services and Business Management
Audit and Assurance
Payroll Management
Tax Planning
Outsourcing & Capacity-Adding with Certified Public Accountants
We also provide customized solutions and services for our clients globally.
Tax Return Services
Madras Accountancy is a leading international accounting company. We provide end-to-end solutions and help our clients prepare taxes, navigate regulatory policies and restructure business entities.
Our tax services include:
Individual Tax Returns (Form 1040, 1040-EZ, 1040-NR)
Business Tax Returns (Form 1065, 1120, 1120S)
Not-for-Profit Returns (Form 990, 990EZ)
Estate and Gift Tax Returns (Form 706, 709)
Tax planning
Credits and incentives
Tax disputes
Bookkeeping Services and Business Management
We manage general bookkeeping, financial statement preparation, account reconciliation, and inventory analysis. Our international team of dedicated, highly skilled professionals provide expert financial analysis and handle bookkeeping with accuracy.
Our bookkeeping and business services include:
Bookkeeping at monthly, quarterly, annual intervals
Bank reconciliations
Accounts payable management
Accounts receivable management
QuickBooks training and support
Audit and Assurance
We provide end-to-end audit and assurance services to CPA firms. We assist CPA firms in adding capacity, allowing our clients to achieve greater internal cost-effectiveness and allowing them to expand to a larger customer base.
We consistently work with CPA firms to meet their statutory and regulatory needs. We offer a wide range of assurance services based on highly demanding KPIs and thorough quality assurance processes. We always work with complete service transparency.
Our auditors have specialized knowledge in the following assurance services:
Financial statement audits
Financial statement reviews
Compilations of financial statements
Internal audits
Employee benefit plan audits
Internal control reviews
Agreed-upon procedures
Forecasts and projections
Internal control evaluations
Payroll Management
Our payroll services include:
Processing all frequencies of payroll –including after the fact payroll, and payroll prior to the payroll processing date
Payment of state and federal payroll
Preparation and filing of Quarterly Form 941 & State forms
Preparation of W2/W3
Calculation of Net pay for an employee based on Gross Wages & Form W4
General payroll consulting and advice
Tax Planning
U.S. Tax Return Preparation and Planning
Individual tax returns – Form 1040
Business tax returns – Forms 1065, 1120, and 1120S
Estate, gift, and trust returns – Forms 706,709, and 1041
Exempt organizations – Form 990
Individual tax planning – Preparing quarterly and annual projections using BNA and other tax applications
Estate and trust tax planning
Expat tax planning
Preparation of response packages for IRS and state notices
Canadian Tax Returns
Individual tax returns – Form T1
Corporation tax returns – Form T2
Partnership returns – Form T5013
Expat tax planning