HR Shaikh CPA, (http://www.hrshaikh.com/ is an expert on Texas Sales Tax, IRS Representation, Oil Royalities, and Business Valuation to companies that belong to diverse industries in diverse sectors. As an organization it is required to comply with the financial reporting requirements. HR Shaikh CPA assists companies in not only complying with these requirements but they also put their best foot forward to help the organization anticipate and resolve issues at very early stages in order to avoid them becoming blunders. Services provided by HR Shaikh include:
- Texas Sales Tax Representation The IRS (Internal Revenue Services) is a bureau of the Department of Treasury, the body responsible for effective tax collections across the length and breadth of the United States of America. The tax laws applied in the U.S. are formulated by the Congress and are thus national in nature.The state of Texas too comes under the jurisdiction of the Texas IRS. To understand and comply with the aforementioned laws could prove to be a confusing affair for many people. In fact people not having a legal background might not even understand the foundation on which these laws are based or the reason behind its existence. To make the lives of such people getting caught in this web of laws and regulations is the purpose behind the founding of H R SHAIKH SEYAR ltd. One can gain easy access to their vast array of services by visiting their web site http://www.hrshaikh.com/HRS_ourservices_tax_b.html .
- Payroll Management and Payroll filing – Most organizations today do not have an in house payroll management system. It is generally outsourced to someone like HR Shaikh who has the technical expertise. Payroll management is generally the information system that keeps the record of the information of salaries that are given out to employees periodically. They also file the pay outs and keep individual accounts of all the employees;
- Accounting and Book Keeping services – Bookkeeping is nothing but recording of financial transactions. Transactions may include any of the following such as sales, purchases, income and payments that are made by an individual or an organization. Books are usually kept by the bookkeeper. Accountancy is a process performed by an accountant. It is an art of communicating financial information about an organization or a legal entity to its stakeholders such as shareholders and managers. The communication is usually in a statement format. The formats used are standard in nature. These statements in money form show the economic resources under the control of the business entity. Discretion has to be shown in order to present information that is relevant and reliable to a user.
- Financial statement preparation in accordance to the Generally Accepted Accounting Principles (GAAP) – For a business entity, all relevant information has to be presented in a structured manner. GAAP are called financial statements. They are standard ways of presenting economic resources of an organization. They basically include four kinds of financial statements. The Balance sheet which contains the assets and the liabilities of an organization, the Income statement which is also referred to as the Profit and Loss account of the business, a statement of retained earnings shows the company’s retained earnings over a period of time and finally A Cash flow statement that depicts the company’s operating investing and financial activities. It shows the company’s inflow and outflow of cash
- Professional review and compilation services to medium and small firms
- Compiled or Reviewed Financial statements, in accordance with Statements on Standards for Accounting and Review services issued by AICPA
- Custom financial reports for Management and Internal Use – Custom financial reports are special reports that are used by the management to take important strategic decisions. They can be reports that show the health of a particular business or a part of the business or even a sub activity. It can determine the budgets and investment required and can be used for forecasting important business results.
More information on HR Shaikh CPA please call (713) 328-4000 or visit http://www.hrshaikh.com
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