Chirag koshti
Bio
I'm CA Chirag Koshti, CEO of CapActix Business Solutions, a member of the Chartered Accountants of India, and a member of the ICPAU.
Stories (13/0)
Best Practices for Managing Tax Extensions in Your CPA Firm
Managing tax extensions can be a challenging task for CPA firms, especially during the busy tax season. However, with proper planning and organization, it is possible to efficiently manage tax extensions while ensuring compliance with tax regulations and meeting client expectations. Here are some best practices for managing tax extensions in your CPA firm:
By Chirag koshti11 months ago in Journal
15 QuickBooks Tips 2023: How to use it effectively
Whether you are a big corporate house or a small startup organization, it is highly essential for businesses to perfectly record all their financial transactions. In this digital world, QuickBooks is a comprehensive bookkeeping and accounting software that is helping numerous businesses to smoothly record their finances. QuickBooks accounting software is highly popular and loaded with numerous features – from bank integration to bookkeeping services. At CapActix, our outsource QuickBooks accounting team has been creating accounts with this dynamic software for years now.
By Chirag koshti11 months ago in Journal
Should CPAs Be Concerned About Client Data Disclosure When Tax Services Are Offshored?
When a tax return preparation may reveal or utilize a taxpayer’s tax return data without first getting the taxpayer’s authorization, IRC section 7216 and its accompanying regulations apply. Because violating section 7216 and its regulations is a federal criminal, CPAs should become familiar with these laws. When offshoring services, CPA tax preparation firms are often concerned with sharing client data overseas. However, firms must familiarize themselves with the operations and procedures top offshoring companies follow to understand the safety and privacy of taxation data.
By Chirag koshti12 months ago in Journal
Outsourced CFO: Meaning, Cost & Benefits
A CFO or Chief Financial Officer is designated as a senior finance manager in a company to monitor and manage all financial activities. He is also responsible for financial planning, data analysis, record keeping, and financial reporting to higher management. A CFO has finance-related qualifications such as a Master of Business Administration (MBA) or a Master of Science (in Finance or Accounting) degree.
By Chirag koshtiabout a year ago in Journal
How Does Outsourcing Accounting Service Help Small Businesses?
Small businesses are often compressed with budget, time, and other resources. Moreover, more than 80% of small businesses lack funds or look for options to save money by cutting expenses, which is why they take up multiple jobs instead of hiring experts for them or outsourcing them. However, some of the jobs must be outsourced and that helps in cutting down expenses and increasing business profit.
By Chirag koshtiabout a year ago in Journal
All FAQs For Tax Preparation Outsourcing Service
Overview Tax preparation outsourcing service is a professional service that provides businesses with help in preparing their taxes. You can avail of such services through an outside contractor which can also include assistance with filing tax returns, managing tax liabilities, and other related tasks.
By Chirag koshtiabout a year ago in Journal
QuickBooks Tips 2023: How to use it effectively
Whether you are a big corporate house or small startup organization, it is highly essential for businesses to perfectly record all the financial transactions. In this digital world, QuickBooks is a comprehensive bookkeeping and accounting software that is helping numerous businesses to smoothly record their finances. QuickBooks accounting software is highly popular and loaded with numerous features – from bank integration to bookkeeping services. At CapActix, our outsource QuickBooks accounting team has been creating accounts with this dynamic software for years now.
By Chirag koshtiabout a year ago in Journal
21 Bookkeeping Tasks That Bookkeepers Should Perform Daily
“Your business growth and success depends on many things, and along that growth path, you are going to have to concede certain responsibilities and activities – whether for your accounting, your production, or day-to-day management.” — Michael Gerber
By Chirag koshtiabout a year ago in Journal
2023: Why you should consider Outsourcing Payroll Processing
Payroll processing is a time-consuming process. Although the time taken to finish payroll processing depends on the size of the organization. The number of employees impacts the time taken to complete payroll processing tasks. Some companies take up to 5-6 days.
By Chirag koshtiabout a year ago in Journal
What Experts say about Offshoring Accounting & Bookkeeping
Accountants are facing multiple challenges when it comes to Accounting and Bookkeeping. And the work has all the more increased year after year. It is nerve-racking for them to cope with all the demands and requirements posed by clients from various industries. With the rise of cloud accounting, accountants are expected to be more and more technical. Artificial Intelligence has contributed to the accounting industry with automated tools that demand practice and knowledge. And there’s a major lack of IT Literacy, which bottlenecks the accounting and bookkeeping process.
By Chirag koshtiabout a year ago in Interview
Process for Using CapActix to Outsource Tax Preparation Services in Step-by-Step Order
CPA and Accounting Firms have started turning down tax preparation work due to labor shortages. There is a severe lack of accounting and tax professionals in the market. The reason is that they do not intend to compromise on the quality of their work as they want to hold on to their really good clients. To be able to identify possible deductions and benefits or any other red flags, the tax preparer and the reviewer have to be able to give enough time.
By Chirag koshtiabout a year ago in Journal
Reasons Why Outsourcing Tax Preparation
In today’s competitive world, many businesses are operating on a tight budget. For this purpose, hiring a virtual tax preparer makes all the sense for businesses. Businesses can benefit from outsourcing tax return preparation in a number of ways.
By Chirag koshtiabout a year ago in Journal