Our Services

At SumitWise, our team of tax specialists boasts a wealth of expertise in preparing tax returns for a diverse range of entities, including small and medium-sized businesses, corporations, partnerships, non-profits, and Individuals.

We are committed to staying abreast of the ever-evolving landscape of tax laws, regulations, and judicial decisions, ensuring that our clients benefit from the most up-to-date insights and opportunities. By vigilantly monitoring developments throughout the year, we empower our clients to stay ahead of the curve come tax season, equipping them with the knowledge and strategies needed to maximize their tax efficiency. 

Ensuring compliance with FBAR (Foreign Bank and Financial Account Reporting) and FATCA (Foreign Account Tax Compliance Act) is paramount for individuals, whether they are immigrants to the US or file US resident tax returns while maintaining overseas bank accounts. These regulations mandate reporting requirements for foreign bank or financial accounts, necessitating a thorough understanding and adherence to their stipulations.
Our expertise allows us to interpret and apply these rules to your unique circumstances, ensuring that you meet all reporting obligations and mitigate any potential risks or penalties. 

Whether you're a foreign national residing and working in the US or a US citizen or resident establishing roots abroad, we provide expert guidance to ensure compliance with intricate US regulations while optimizing your tax strategy to prevent overpayment and minimize scrutiny.

Our specialization extends to India-US cross-border taxation, where we excel in assisting both businesses and individuals in navigating the complexities of taxation and reporting requirements between these two countries. With our in-depth knowledge and personalized approach, we streamline the process, allowing you to navigate international tax matters with confidence and ease. 

We are committed to equipping your business with the tools and insights needed to thrive in today's competitive landscape.
From assisting with new business formation to guiding you in selecting the optimal business entity—whether it be a sole proprietorship, LLC, S corporation, or other structures—we provide thorough evaluations of each option, highlighting their respective advantages and disadvantages. 

Furthermore, we specialize in implementing cost reduction strategies aimed at enhancing your bottom line while ensuring efficient liquidity and cash flow management. 

We offer comprehensive Accounting and Bookkeeping Services tailored to meet the needs of businesses at every stage of their journey. Whether you're launching a start-up, scaling your operations, or managing a well-established corporation, our seasoned professionals are equipped to manage your financial records with precision and efficiency. 

• Accounts payable and bill pay management 

• Payroll services, including payroll tax filings 

• Recording transactions 

• monthly and year-end close with account reconciliations 

• 1099-MISC preparation for independent contractors 

• Seamless integration of financial accounts and third-party applications