Tax Preparation & Planning

Madras Accountancy provides a seamless and efficient blend of tax preparation and planning services, designed to empower CPA firms in the United States with comprehensive support.

With a focus on quality, compliance, and timeliness, our services cater to individuals, businesses, estates, trusts, and exempt organizations.Our expert team is equipped to manage high-level reviews, complex scenarios, and strategic tax planning, serving as a reliable extension of your in-house capabilities.

What we offer

USA

US Individual Tax Returns

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Preparation and Filing: Forms 1040, 1040-EZ, and 1040-NR.

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FBAR Filing: Accurate foreign bank account reporting for compliance.

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IRS Amnesty and Notices: Efficient handling of amnesty programs and IRS communications.

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Expat Compliance: Filing Forms 2555, 5471, and 5472 to ensure expatriate tax adherence.

Canada

Canadian Tax Service

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Individual Tax Returns: Form T1.

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Corporation Tax Returns: Form T2.

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Partnership Returns: Form T5013.

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Expat Tax Planning: Specialized compliance strategies for Canadian expatriates.

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Business Tax Return

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Partnership Tax Returns: Form 1065, with accurate income, deduction, and credit allocation.

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Corporate Tax Compliance: Form 1120, ensuring adherence to Federal and state regulations.

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S Corporation Tax Services: Form 1120-S, including shareholder K-1s and pass-through taxation.

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Multistate Taxation: Management of tax obligations across jurisdictions.

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Audit Support: Assistance with IRS audits and inquiries.

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Tax Planning

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Individual Tax Planning: Quarterly and annual projections using tools like BNA.

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Business Tax Planning: Strategic advice to optimize financial goals while staying compliant.

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Expat Tax Planning: Tailored planning for expatriates to ensure global compliance.

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Credits and Incentives: Identifying tax credits and incentives to reduce liabilities.

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Tax Projections: Accurate forecasts to mitigate penalties.

Gift

Estate, Gift and Trust Tax Service

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Estate Tax Returns: Form 706, including valuation and minimization strategies.

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Gift Tax Returns: Form 709, ensuring compliance with gift tax laws.

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Trust Tax Returns: Form 1041, with specialized planning and filing.

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Estate and Trust Tax Planning: Optimizing tax efficiency for estates and trusts.

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Specialized Service

Sales Tax Return Services

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Filing and preparation for periodic sales and use taxes.

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Liability calculations and responses to government notices.

Tax Dispute Resolution: Expert handling of audits, disputes, and appeals for favorable outcomes.
Tax Research:

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Access to tax professionals for expert advice.

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Verified references and regular updates on regulatory changes.

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Not-for-Profit Tax Service

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Exempt Organization Tax Returns: Preparation of Forms 990 and 990-EZ for nonprofit compliance.

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Tax Planning for Nonprofits: Strategic guidance to optimize tax benefits.

Hear from our
Satisfied Clients

We provide a complete suite of outsourced accounting services, helping firms stay efficient and cost-effective.

Madras Accountancy has been more than just a partner to Hillhurst Tax Group - they have been our trusted friends for over a decade.Working with Balaji and his exceptional team has been a remarkable journey. They’ve seamlessly supported us in both tax and bookkeeping services, enabling us to focus on growing our business and strengthening our client relationships.What sets Madras Accountancy apart is their personal touch. Balaji and his team truly care about our success and go beyond being just an offshore service provider. Their dedication, attention to detail, and commitment to excellence have made them an integral part of our firm’s story.We deeply value this relationship and look forward to many more years of collaboration

Jonathan McCormick, EA, MST

Co-Founder & COO / Hillhurst Tax Group

Partnering with Madras Accountancy has been a game-changer for us. Their team’s expertise in both tax preparation and bookkeeping has brought consistency and reliability to these critical areas. What stands out is their proactive approach - ensuring tasks are completed on time with a high level of accuracy and responsiveness. They have become an integral part of our team, always willing to adapt and support us whenever needed. The collaboration has been smooth and has added tremendous value to our operations and provided that much needed capacity as our business grows. We tried a couple of other providers and hands down, Madras has been a great fit. We’re grateful for the professionalism they bring to the table and the positive impact on our practice.

Josh T. Hansen, CPA

Founder & Managing Partner

Madras Accountancy has been an impactful partner and quickly became our primary offshore provider. We started working with them when we were not able to find higher-caliber talent from other providers. Madras Accountancy quickly found us several very strong candidates, and we have not looked back. At both preparatory and more importantly for us, detail review levels, their staff are excellent. They integrate seamlessly with our tax department, and we are very fortunate to have them support our firm. Their leadership team is also excellent, truly seeking to understand our business and our unique requirements, and will not rest until they find us those candidates. Their team’s proactive communication and unwavering commitment have made them an indispensable part of our operations. We are grateful for the strong partnership we have built with them.

Dave Myers, COO

RS&F

Madras Accountancy has been an exceptional partner for us at Stowe & Degon. Their team’s expertise in tax preparation and review, combined with their meticulous attention to detail, has significantly enhanced our efficiency during peak seasons

Prasanna G. Kidambi, CPA, MBA

Tax Partner
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