April 29th, 2012 health care by Deepak Sharma

Our public accounting firm is focused on Small Business Owners and Individuals and many times new business owners ask us about the health insurance.   Most of us live in Bay Area and prefer  ”Kaiser” as a  health care provider and therefore I gathered some basic information about Kaiser health care plans for small business owners. Kaiser [...]

April 29th, 2012 FBAR by Deepak Sharma

Recently a gentleman asked a simple question,”Do i need to file FBAR ?”. And we asked him few other questions: Do you live in United States (Citizen, Green Card Holder, H1 or any other kind of visa) ? Do you have an kind of foreign account ? At any given time, did you have more than $10K [...]

April 26th, 2012 by Deepak Sharma

How to deal with US taxes if you are moving to India on assignment or if you are moving to India for good ? What kind of responsibilty do you have ?  What paperwork needs to filed ?  To get an answer to these questions, watch this 5 minute video with very useful information. Sanjiv [...]

April 18th, 2012 by Deepak Sharma

One of the common question asked by Tax Payers is “Can I get audited?” or “What can flag my tax return for an audit?”. These questions bug so many tax payers that we are often bombarded with same question via email and phone calls. Good News | Less than two percent of taxpayers get audited [...]

April 18th, 2012 Military Tax by Deepak Sharma

Recent data from IRS shows that about 60,000 active-duty servicemembers and reservists owe close to $390 million in back taxes.  Primary reason behind this is “CONFUSION” as per IRS.   Apparently frequent overseas deployments and address changes by the miliatary personall makes it very complicated for them to file timely tax return. “Militray Personall Tax Returns are till [...]

April 17th, 2012 by Deepak Sharma

Did you file your taxes ? Tax returns are due today.  You must get your tax return and tax payment postmarked by today. Unlike previous years post offices are not open late today.  So, get to post office on time.  Most post offices will close at standard 5:00 closing time. Need to file extension ? [...]

April 14th, 2012 Franchise Tax Due Date by Deepak Sharma

Attention California Corporation Owners Do you have a california corporation with no sales or no income ?  Did you set up your corporation in the last quater of 2011 and planning to start your business in 2012 ?  You operated business in 2011 ? If you have set up corporation at any time during the [...]

April 12th, 2012 by Deepak Sharma

LLC Formation | Limited Liability Corporaition San Francisco Bay Area We help  setting up LLC (Limited Liability Company) in San Jose, Sunnyvale, Fremont, Santa Clara, Cupertino and enire san Francisco Bay Area. Planning to set up a new business and considering Limited Liability Corporation in california ?  Office of Sanjiv Gupta CPA can help you [...]

April 12th, 2012 FBAR by Deepak Sharma

FBAR | Forign Bank Account Reporting Deadline June 30th 2012 If you live in San Francisco Bay Area, you must have heard Sanjiv Gupta CPA talk about FBAR filing.   Sanjiv has been explaining FBAR on TV and Radio for last couple years.  We have talked about FBAR on our blog a lot as well.  None [...]

April 8th, 2012 gift, promotion by Deepak Sharma

Chaat Bhavan is well know Indian Vegetarian Cuisine located on mowry ave in Fremont CA.   Chaat Bhavan serves fresh traditional indian vegetrain food for kids and adults alike.   You must have seen their great services, tasted amazing food and smelled authentic smell of Indian food.  Now you can visit Chaat Bhavan with your significent other and have [...]