Taxes and Advisory

Our tax services focus on clients' most important needs related to taxes for variety of entities. Adrokk Consultants offer tax consulting services below:

INTERNATIONAL TAXES

Foreign Tax Credit calculations including income sourcing, expense apportionment, allocation of interest, R&D expenses, Section 78 Gross up, foreign tax credit determination.

Controlled Foreign Corporations (CFC) Filings (Form 5471s, Form 8858s) and related computation of GILTI, Section 250 deductions, Sec 78 gross up.

Passive Foreign Investment Corporations (PFIC) Filings (Form 8621) and computations of income taxable in US under various methodologies.

Foreign Derived Intangible Income (FDII) determination and Section 250 deductions

STATE TAXES

Nexus Study: In depth nexus study to determine income tax return filing requirements in various jurisdictions.

Income Apportionment: Determination of accurate apportionment factors for various states based on sales, payroll and property considering throwback and throw out rules.

BUSINESS STRUCTURE REVIEW AND PLANNING

Determination of the appropriate entity structure considering the recent tax overhaul.

S-CORP and C-CORP

Filing of S crop elections, preparation of Form 1120 S and Schedule K-1s and shareholder basis computations.

Preparation of tax basis financial statements taking into account of M-1 adjustments and filing of Form 1120, Form 6765, and required schedules.

FOREIGN REPORTING and CONSOLIDATED RETURN FILING

Streamlined Filing Compliance Procedures, Delinquent FBAR Submission Procedures and Delinquent International Information Return Submission Procedures.

Filing of consolidated Federal tax returns for commonly controlled entities and separate/combined state tax returns.

TAX PLANNING AND PREPARATION

Filing of Federal and State Tax Returns.

Treatment of Incentive Stock Options.

Treatment of Non-Qualified Stock Options.

Employee Stock Purchase Plan Transactions.

83B Elections with IRS.

Determination of Small business stock gain exclusion.

Rental businesses income and self-employment income schedules.

Preparation of Form 1040NR, Form 2555, Form 1116.

Determination of income sourcing based on residency and other factors.

Accounting

Our accounting services are designed to help businesses manage the accounts with an integrity. Adrokk Consultants accounting services include:

PAYROLL AND BOOK-KEEPING:

Bank reconciliations

Invoicing & payments

Account reconciliations

Data Entry

Payroll processing

Accounts payable

Accounts receivable

Reportingand preparation of financial statements

Finance

Our finance advisory services focus on clients' most important needs of attaining strong financial posture and minimizing the business risk to individuals and organizations. We bring deep financial advisory expertise with well-articulated holistic approach to finance and taxes.

Adrokk Consultants offer financial advisory consulting services as:

providing clients with holistic financial planning.

conducting research and track the financial position of a specific company or industry.

recommending individual investments options and collective investment options to design efficient portfolios.

providing advisory on latest economic and buiness trends.

providing very sound investment advice to clients.

Business Compliance

Our business compliance services focus on clients' most important needs of attaining compliance and minimizing the business risk to individuals and entities. We bring deep security expertise in the business compliance with a well-defined approach.

Adrokk Consultants offer business compliance consulting services as:

ENTITY FORMATION

Incorporation/Formation, Federal Tax ID, Corporate Kit, Limited Liability Company, Foreign Qualification, DBA Registration, Certificate of Good Standing, Amendments

NON-PROFIT SERVICES

Formation, Application for Exemption, Foreign State Registration, State Tax Exemption, Charitable Solicitation Registrations.

COMPLIANCE

Annual State Compliance and annual report Filings.