TAX preparation and filing

At HM Professional Services, we offer a comprehensive range of tax services designed to meet the diverse needs of our clients while ensuring full compliance with all regulatory requirements. Our experienced team of tax professionals is dedicated to providing precise, reliable, and tailored solutions to help you navigate the complexities of tax compliance and planning. Here are the key services we provide, along with the specific regulatory requirements and income tax return forms involved:

Tax Preparation and Filing

We offer meticulous tax preparation and filing services for individuals, businesses, and organizations. Our team ensures that all tax returns are accurate, complete, and filed on time, in accordance with federal, state, and local tax regulations. We handle various income tax return forms, including:

Form 1040:  U.S. Individual Income Tax Return

Form 1065:  U.S. Return of Partnership Income

Form 1120:   U.S. Corporation Income Tax Return

Form 1120S: U.S. Income Tax Return for an S Corporation

Form 1041:   U.S. Income Tax Return for Estates and Trusts

Tax Planning and Strategy

Our tax planning services are designed to help you optimize your tax position while remaining compliant with regulatory requirements. We work with you to develop effective tax strategies that maximize deductions, credits, and incentives, ensuring that all planning is within the bounds of current tax laws and regulations.

Tax Compliance

Staying compliant with ever-changing tax regulations can be challenging. Our tax compliance services ensure that you meet all federal, state, and local tax requirements. We conduct thorough reviews and provide guidance to help you maintain compliance and avoid potential audits and penalties.

Sales and Use Tax

We assist businesses in managing sales and use tax obligations, including registration, calculation, collection, and remittance. Our services help ensure compliance with state and local sales tax regulations, reducing the risk of costly errors and penalties.

International Tax Services

For clients with global operations, we offer comprehensive international tax services. Our team helps navigate the complexities of cross-border tax issues, including transfer pricing, foreign tax credits, and compliance with international tax treaties and regulations. Relevant forms include:

Form 5471: Information Return of U.S. Persons With Respect to Certain Foreign Corporations

Form 8865: Return of U.S. Persons With Respect to Certain Foreign Partnerships

Form 1116:    Foreign Tax Credit (Individual, Estate, or Trust)

Form 2555: Foreign Earned Income

Tax Advisory Services

Our tax advisory services offer expert insights and guidance on a wide range of tax-related matters. Whether you are considering a business transaction, restructuring, or other significant financial decisions, our team provides the strategic advice you need to make informed choices, all while ensuring compliance with regulatory requirements.

Payroll Tax Services

We assist businesses in managing payroll tax obligations, including calculation, withholding, reporting, and remittance. Our services ensure compliance with all payroll tax regulations, helping you avoid penalties and maintain smooth operations. Relevant forms include:

Form 941:   Employer's Quarterly Federal Tax Return

Form 940:  Employer's Annual Federal Unemployment (FUTA) Tax Return

Form W-2: Wage and Tax Statement

Form W-3: Transmittal of Wage and Tax Statements

Contact Us

Email us at enquiry@hmpro.in to learn how our tax preparing and filing expertise, combined with the latest updates and technological trends, can support your business or individual tax needs and ensure compliance with all applicable regulatory requirements.