Profile | A Plus Tax & Accounting Services Inc.

Vision
We aim to be a trusted and recognized accounting and taxation firm that provides professional financial services to different businesses and individuals. Our financial services, insights, and advice are aimed at providing our clients comprehensive control over their finances, helping them grow and succeed in the industry.

Mission
Our mission is to deliver a wide range of personalized tax and accounting services to our clients with the highest integrity and professionalism so that they can meet their tax filing obligations as efficiently as possible.
We plan to achieve this mission by understanding the unique accounting needs of each business or individual and maintaining straightforward and proactive communication with them.
We also aim to maintain a thriving work environment that entails respect and equal development opportunities for all staff members.
Another crucial organizational goal is to encourage associated individuals and entities to give back to the community in any and every way they can.

Values
The following values determine how we communicate, share information, and work towards common organizational goals at A Plus Tax & Accounting Services Inc.
● Honesty and Integrity top the list of our priorities when representing the finances of an individual or a business.
● Passion for numbers drives us to get better at what we do and deliver results on time.
● We treat our commitment to work and clients as an unbreakable bond.
● Continuous learning helps us keep up with the rapidly-advancing financial industry.
Benefits of Hiring ‘A Plus Tax Accounting Services Inc.’

Saved Time
Outsourcing tax and accounting duties to us can save a lot of your time. You can use that saved time to focus on other important business matters that require more attention from your side.
Cost-effective Services
Buying expensive software can set you back quite a bit. With us by your side, you don’t have to worry about dents in your budget by acquiring costly accounting and reporting software. We offer services at reasonable rates and maintain a high level of accuracy to prevent errors.
Up-to-Date & Compliant Records
Can’t keep up with the accounting records and tax calculations? Don’t worry; we will keep your records up-to-date as the law requires.

What We Offer

Financial Accounting Services
● We’ll provide excellent bookkeeping every month, keeping you up to date.
● We’ll set you up on the best payroll and run it for you.
● We’ll close out your books and perform high levels of year-end reporting.

Tax Accounting Services
What is tax accounting? What do tax accountants do, and why should you hire one? The answer to this question is quite simple – complex and dynamic accounting standards make it difficult to prepare tax accounting calculations in compliance with the rules defined by the IRS. This is why it’s better to let a professional tax accountant handle your tax obligations.
● We’ll pay your taxes throughout the year according to the tax plan, which eliminates year-end surprises. This means you won’t ever have to overpay or build up a huge tax bill.
● We’ll meet before year end to make major tax mitigation decisions around investments, purchases, and strategy.
● We’ll prepare & file your taxes.

Foreign Tax Filing/Report
Do you find it more challenging to understand and file taxes because of language barriers? I am a bilingual person with proficiency in both English and Chinese. You can contact me for help in reporting foreign assets and income as per the following acts and documents.

FBAR Reporting
What is an FBAR? As a foreign individual or entity in the US, you must maintain and report certain foreign financial accounts to the Treasury Department, like bank, brokerage, and mutual funds. To report these accounts, you must file the Report of Foreign Bank and Financial Accounts on Financial Crimes Enforcement Network (FinCEN) Form 114, the actual FBAR Form.
Who needs to file FBAR? People residing in the US have a financial interest or signature authority over foreign financial accounts with a value exceeding $10,000 at any given time during the calendar year.

FATCA Reporting
The Foreign Account Tax Compliance Act (FATCA) was passed as part of the HIRE Act. It generally requires foreign financial Institutions and certain other non-financial foreign entities to report on the foreign assets owned and held by their U.S. account holders or be subject to withholding on withholdable payments.
The FATCA is applicable to individual citizens, non-resident aliens, and residents with taxable interests. FBARs are applied for a broader range of entities, including trusts, estates, and domestic entities with interests in foreign financial accounts.