Tax Planning for Software Consultants
IBSN achieved considerable expertise in planning the special tax situations of H1B/L1s, Consultants working on Client Projects and OPT/CPT Students.
At IBSN, each client’s need is thoroughly researched and studied from multiple tax angles. Our unique service process to serve remotely (which helps customers from not loosing their busy consulting time) and the conscientious effort that we put in helping clients gain maximized tax refunds/reduced payments is helping us establish as a large practice firm, boasting considerable percentage of consultants from Infosys/WIPRO/Satyam/Cognizant in U.S as our client base.
Our areas of expertise include:
(a) Itemization of Job related expenses under special conditions like consultants working in the land of USA as Non-Immigrant temporary workers (holding H1B visas) or as permanent residents but working at client locations (away from employer cities);
(b) Determination of U.S. Resident Alien Status for taxation purpose under special conditions like foreign worker’s stay period not passing through substantial presence test;
(c) Research and planning to consider Non-Resident Spouse and Kids of a Resident Taxpayer as Resident Aliens of the land of USA
Our independent market research staggeringly establishes that most of the consulting community is ignorant/unaware of the special concessions offered by the US Internal Revenue Code for foreign workers or those working away from employer cities in client locations.
IBSN adds merit to its preparation and service standards, by attempting to research and probe deep into these relevant tax provisions in their much wider sense to the general guidelines published by IRS, benefiting our clients the most of the tax planning they deserve, so much so that one among every 5 clients that come to IBSN seek help from us in amending their Previous Year Tax Filings to additionally benefit on possible tax claims that they could for those years.
Small Business Services
At IBSN, we are heavily experienced in offering Small Business Solutions to beginner corporations. We meticulously study the specific business needs of a Consulting Entrepreneur, in much wider scope than what other firms’ offer, before suggesting the right type of business entity that matches their profile and need.
Our suggestions are client based and unique to the analysis and conclusion that we draw focusing the specific client in mind - these considerations may be business, finance, taxation, economic situations, exit opportunities or even competition combat strategies.
Capital Planning and Procurement
IBSN helps in identifying business & financial goals of emerging entrepreneurs and business firms, by offering them its exhaustive planning process into their long term financial needs based on current financial condition.
IBSN proudly serves certain qualifying foreign business enterprises, especially small business firms or knowledge transforming entrepreneurs from India, in their process to establish business presence in the United states - whether incorporation, organizational set up, payroll & accounting process, Business & Project Plan Preparation, SCOR & Small Business Capital Issue filing (with the SEC and the individual States needing enterprise compliance to Blue-Sky Laws), arrangement of capital underwriting, institutional/venture funding or any other business service process. IBSN bridges the capital servicing needs of growing entrepreneurs, which large institutions like Morgan Stanley or Merrill Lynch are unable to offer.
Real Estate Capital & Investment Planning
Investing into Real Estate Opportunities back home is the mantra that most of the consultants dream for. However, Real Estate deals turned so expensive and complex that, in today’s terms, it is beyond the scope of an individual member to invest and grab into this shooting investment option, which most of the times is available only to the wealthiest.
IBSN is proposing to radically revolutionize this opportunity, focusing its attempt to bring individual investing members with small contributions under one umbrella, educating them with the benefits of forming into a Real Estate Common Development Fund or a REIT structure, guiding them upon investment/capital planning process, helping them deeply investigate title issues and conducting liaison work to resolve cumbersome Governmental Clearances.
