Over 20 years of Accounting and Tax Preparation experience
Our Services
Swami Consulting Group, Inc. has over 20 years of Accounting and Tax Preparation experience. Swami Consulting Group, Inc. provides services to Corporations in all 50 states.
Sales Tax
What is Sales Tax and who pays it?
Sales tax is a tax imposed by the state, and/or city, and/or county on merchandise sold to the consumer. All entities are responsible for paying sales tax if they sell something to the consumer.
Services provided in relation to sales tax:
– Preparation of state, county (where applicable), and city (where applicable) sales tax returns.
– Current states covered for sales tax return preparations: Illinois, Indiana, Texas, Wisconsin and South Carolina.
Payroll Services
What is payroll processing?
Payroll processing is the systematic operation of paying employees.
Payroll services provided:
– Process the payroll (either by real check or dummy check) based on frequency of payroll (weekly, bi-weekly, semi-monthly, or monthly).
– Calculate the payroll taxes associated with the particular month.
– Prepare quarterly payroll tax returns
(Fed. 941, State 941, FUTA, SUTA, and State Unemployment).
– Prepare year-end payroll tax returns (W-3, W-2s, 1099s).
– Work with federal and state agencies respectively on behalf of the client in the event of a problem.
Monthly Writeup
What is it?
Monthly write up is the processing of checks and bank statements to produce monthly financial statements.
What is entailed in the monthly write-up process?
– Data entry from the cancelled checks or check stubs
– Bank reconciliation
– Preparation and processing of journal entries
– Bank summary from bank statements
Minute Book Preparation
Swami Consulting Group, Inc. will order and prepare the minutes book for the corporation based on the requirements for the state in which the corporation was incorporated.
Company Incorporation
Swami Consulting Group, Inc. will complete the necessary paperwork in order for a company to be incorporated in the respective state that the company will operate.
Income Tax
Income tax services provided:
– Individuals
– Corporations (both Regular C and Subchapter S)
– Limited Liability Companies
– Partnerships
– Not for Profit Organizations
– Pension Plans
– Estates and Trusts
– Gift Tax