Accelero Corporation

  Introduction In today's globalized corporate environment, Indian enterprises are progressively entering the US market. This ambitious development has numerous potential, but it also requires navigating difficult USA Taxes regulations and accounting standards. A US Certified Public Accountant (CPA) can significantly impact your Indian firm. Understanding US GAAP and Streamlining Compliance US businesses follow Generally Accepted Accounting Principles (US GAAP), a set of accounting standards distinct from Indian Accounting Standards (Ind AS). A US CPA has extensive knowledge of US GAAP, ensuring that your financial statements are prepared and presented appropriately following US standards. This avoids errors, delays, and significant penalties when dealing with US authorities such as the Securities and Exchange Commission (SEC). Strategic Financial Planning and Tax Optimisation A US CPA offers more to the table than simply compliance. They can provide essential insights and advice ...

  Introduction Congratulations on getting your green card! It is a key step towards establishing a life in the United States. However, with this wonderful prospect comes a new tax responsibility: submitting USA Taxes returns while living in India. This blog by Accelero Corporation will cover the most important tax information for Indian green card holders in the United States. Learning US Tax Residency for Green Card Holders The United States taxes its inhabitants on their worldwide income, regardless of where they live. As a green card holder, you are considered a US resident for tax reasons beginning the day you are admitted to the US with immigrant intent. This means you'll have to record all of your income, including that generated in India, on your US tax return. Double Taxation Treaty and Preventing Double Payments Fortunately, the United States and India have a double taxation treaty that prevents residents from being taxed again for the same income. This treaty enables you...