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Bookkeeping For Education
With over 9+ years of experience, we are a trusted partner for accounting and bookkeeping services in the US. Whether you’re a startup, a small business, or an established enterprise, our services can meet the unique needs of your industry. Our deep understanding of US regulations and best practices can empower your financial journey and drive you toward long-lasting success!
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Business Tax return filing by Certified
CPA / Enrolled Agent
(Starts at $350)
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Professional Tax Solution To The Educational Institutions
- The tax obligation of the education sector is getting more and more complex due to supplemental revenue streams and dynamic regulatory controls. The tax returns are also affected by the change in government funding.
- Apart from the changes in state and federal tax rules, their applicability to a different form of the educational institute such as pre-schools, nurseries etc. also makes it difficult to follow up the taxation process.
- Meru Accounting is committed to providing hassle-free tax preparation for the educational institutes. Our dedicated tax professionals assist in grant compliance, financial reporting and tax-exempt status
- The education institutions needs a monthly analysis of profits to ensure that the business sustains in the long run.
- Therefore, we take care of the bookkeeping for your education business from recording student master to reporting of profitability per cost center.
- We also take care of the bookkeeping business by timely invoicing the students, which ensures that the revenue is perfectly reconciled.
Work With Us To Save Money, Stay Compliant And Plan You Future
Meru accounting is an online accounting and tax preparation firm having a global presence.
We have-
Experience
Expertise comes with experience. Our team has been providing tax solutions to government institutes, community colleges, universities and district schools etc. Thus we got command over the taxation rule and regulation of the education sector. Our vast experience helps to provide hassle-free returns.
Qualified People
From IRS compliance to payroll management, our solutions are customized to address the unique challenges faced by businesses operating in the USA. Whether you’re managing sales tax or need robust reporting for investors, we have the tools to help you succeed.
Affordable
We offer professional service that doesn’t damage your fund. We only price $ US 15 for each hour of service. The hourly rate system not only cut the cost that would end up investing the non-productive hours of the in-house accountant team.
Virtual Accounting
The administrative and networking costs gets eliminated when a virtual accountant is hired instead of an in-house accountant. We provide anytime remote access to the documents and financial information plus allowing social distancing in the pandemic times.
Accounting Software Expertise
Tax professionals at Meru accounting are experienced in using various cloud-based accounting software such as XERO, MYOB and QuickBooks etc. We are a XERO certified silver partner. We also help to convert to XERO software. TAX SERVICES Exemption status application State and Federal filling preparation Filing and preparation of Form-990, 990-T, 5500 Representation before IRS Employee benefit consulting Fundraising reporting Tax deduction and maximum refund
TAX SERVICES
- Exemption status application
- State and Federal filling preparation
- Filing and preparation of Form-990, 990-T, 5500
- Representation before IRS
- Employee benefit consulting
- Fundraising reporting
- Tax deduction and maximum refund
- PAYE and GST
Tax Advisors Can Also Assist In,
- Accounting and Bookkeeping
- Adherence to regulations
- Capitalization of fiscal opportunities
- Keep updating about emerging issues and the impact of new accounting standards
- Future planning
- Keep updating on the evolving federal, multi-state and international tax regulations
- Updating about the new tax incentive schemes
We Also Provide A Complete Range Of Accounting And Bookkeeping Solution
- Payroll processing
- Proper maintenance of accounts
- Receivable management
- Accounts payable management
- Bank and Credit statement reconciliation
- General Ledger reconciliation
- Supplier’s management
We believe in delivery service before thinking of the price. You can connect to us and get a free trial of 6 hours of bookkeeping.
Whether you are a small or big education institute or district school or any other education centre looking for a tax return solution with financial planning services. Meru accounting is at your service
Bookkeeping for Education Sector US
Bookkeeping and accounting are essential functions in business and organisations that involve systematically recording, organising, and analysing financial transactions. These processes provide valuable financial information for decision-making, financial reporting, and ensuring financial transparency and compliance.
Payroll Processing
- Accounting and bookkeeping solutions include payroll processing services. This involves accurately calculating employee salaries, wages, taxes, and other deductions. It also includes managing employee benefits, such as healthcare contributions and retirement plans. Payroll processing ensures timely and accurate employee payment while complying with relevant tax laws and regulatio
Proper Maintenance Of Accounts
- Accounting and bookkeeping solutions involve maintaining accurate and up-to-date financial records. This includes recording transactions, such as sales, purchases, expenses, and revenues. Proper maintenance of accounts ensures the integrity of financial data and provides a clear picture of the organisation's financial position. It involves organising and categorising transactions, creating financial statements, and ensuring compliance with accounting principles and standards.
Receivable Management
- Effective receivable management is crucial for maintaining a healthy cash flow. Accounting and bookkeeping solutions help businesses manage their accounts receivable efficiently. This includes invoicing customers, tracking payments, following up on overdue invoices, and reconciling customer accounts. By closely monitoring receivables, businesses can promptly identify and address any issues and optimise optimises flow.
Accounts Payable Management
- Accounts payable management handles the organisation's payment obligations to suppliers and vendors. Accounting and bookkeeping solutions help streamline the accounts payable process by recording and tracking invoices, ensuring timely payment, and reconciling vendor accounts. Efficient accounts payable management helps businesses maintain positive relationships with suppliers, avoid late payment penalties, and manage cash outflows effectively.
Employee Benefit Consulting
- Tax advisors provide guidance on employee benefit plans and help organisations navigate the complex tax rules associated with such plans. They assist in designing and implementing retirement plans, health benefit programs, and other employee benefits while ensuring compliance with applicable tax laws and regulations. By optimising employee benefit plans from a tax perspective, organisations can attract and retain talented employees while minimising tax liabilities.
Fundraising Reporting
- Nonprofit organizations often engage in fundraising activities, and tax advisors assist in reporting and documenting these activities properly. They ensure compliance with regulations regarding charitable contributions, donor acknowledgements, and fundraising event reporting. By maintaining accurate records and meeting reporting requirements, organizations can provide transparency to donors and demonstrate compliance with tax laws.
Tax Deduction And Maximum Refund
- Tax advisors like Meru Accounting work with businesses and individuals to identify eligible tax deductions, credits, and incentives. They thoroughly analyze financial records and transactions to ensure all applicable deductions are claimed, maximizing potential tax savings. By leveraging their knowledge of tax laws and regulations, tax advisors help clients minimize their tax liabilities and optimize their tax refunds.
Pay And GST
- Tax advisors assist businesses in complying with Pay As You Earn (PAYE) and Goods and Services Tax (GST) obligations. PAYE involves the withholding and remittance of employee taxes, including income tax and social security contributions. GST pertains to the collection and remittance of taxes on the sale of goods and services. Tax advisors ensure accurate calculation and timely remittance of these taxes, helping businesses meet their payroll and GST obligations.
Professional Tax Solution To The Educational Institutions In The US?
Meru Accounting is committed to providing hassle-free tax preparation for the educational institutes. Our dedicated tax professionals assist in grant compliance, financial reporting and tax-exempt status. The education institutions need a monthly analysis of profits to ensure that the business sustains in the long run. Therefore, we take care of the bookkeeping for your education business from recording student master to reporting of profitability per cost center. We also take care of the bookkeeping business by timely invoicing the students, which ensures that the revenue is perfectly reconcile
1. Tax Planning And Compliance
Meru Accounting experienced in the education sector can provide tax planning services to help educational institutions optimize their tax positions. They assess the institution's unique tax situation, identify available deductions, exemptions, and credits, and create a comprehensive tax strategy. They also assist in preparing and filing tax returns, ensuring compliance with federal, state, and local tax laws.
2. Tax Exemption Application
Non-profit educational institutions, such as schools, colleges, and universities, may qualify for tax-exempt status under section 501(c)(3) of the Internal Revenue Code. Professional tax solutions can guide educational institutions through the application process to obtain tax-exempt status, helping them navigate the complex requirements and documentation needed to establish and maintain their tax-exempt status.
3. Unrelated Business Income Tax (UBIT) Consulting
Educational institutions may engage in activities that generate unrelated business income, subjecting them to the Unrelated Business Income Tax (UBIT). Tax professionals can provide guidance on identifying and properly reporting unrelated business income, applying relevant exemptions and deductions, and ensuring compliance with UBIT regulations.
4. Grant Compliance
Educational institutions often receive grants from government agencies, foundations, or other funding sources. Professional tax solutions can assist in understanding and complying with the specific tax requirements associated with grant funds, including tracking and reporting on expenditures, ensuring appropriate use of grant funds, and managing any tax implications related to grant income.
5. Sales And Use Tax Management
Educational institutions may have sales tax obligations on certain goods or services they provide or purchase. Tax solutions can help determine the applicability of sales and use taxes to specific transactions, assess exemptions and exclusions, establish sales tax compliance processes, and ensure accurate reporting and remittance of sales taxes.
6. Property Tax Assessment And Appeals
Property taxes can be a significant expense for educational institutions, particularly for public schools and universities. Tax solutions can provide expertise in assessing and appealing property tax assessments, ensuring fair valuations and potentially reducing tax liabilities.
7. Tax-Advantaged Giving Strategies
Educational institutions rely on donations and philanthropic support. Tax professionals can help develop tax-efficient giving strategies for donors, such as establishing charitable gift programs, advising on tax benefits of various donation methods, and ensuring compliance with applicable tax regulations.
It is essential for educational institutions to work with experienced tax professionals who understand the unique tax challenges and opportunities in the education sector. These professionals can provide tailored solutions to meet the institution’s tax needs, optimize tax positions, and ensure compliance with tax laws and regulations
How Can Tax Advisors Help?
Meru Accounting is committed to providing hassle-free tax preparation for the educational institutes. Our dedicated tax professionals assist in grant compliance, financial reporting and tax-exempt status. The education institutions need a monthly analysis of profits to ensure that the business sustains in the long run. Therefore, we take care of the bookkeeping for your education business from recording student master to reporting of profitability per cost center. We also take care of the bookkeeping business by timely invoicing the students, which ensures that the revenue is perfectly reconciled.
1. Accounting And Bookkeeping
Meru Accounting can assist businesses with their accounting and bookkeeping processes. They can review and analyze financial records, ensure accurate classification and recording of transactions, and help maintain organized and reliable financial statements. By providing expertise in accounting principles and practices, tax advisors contribute to the overall financial management of the business.
2. Adherence To Regulations
Tax advisors like Meru Accounting help ensure that businesses comply with applicable tax regulations and reporting requirements. They stay up to date with tax laws and regulations, keeping businesses informed about any changes that may impact their tax obligations. By guiding businesses in meeting their compliance obligations, tax advisors help mitigate the risk of penalties and fines.
3. Capitalization Of Fiscal Opportunities
Tax advisors are knowledgeable about various tax incentives, deductions, and credits available to businesses. They can identify opportunities for businesses to optimize their tax positions and take advantage of fiscal benefits. By carefully analyzing the business's financial situation and tax laws, tax advisors can provide guidance on maximizing deductions, claiming applicable credits, and structuring transactions to minimize tax liabilities.
4. Keeping Updated About Emerging Issues And Accounting Standards
Tax advisors stay informed about emerging issues and changes in accounting standards. They help businesses understand the impact of new accounting rules and standards on their financial reporting. By providing guidance on the proper implementation of accounting standards, tax advisors ensure businesses maintain accurate and compliant financial records.
5.Future Planning
Tax advisors play a crucial role in helping businesses plan for their future financial success. They can provide insights and projections based on tax implications, helping businesses make informed decisions. By considering tax consequences in long-term strategic planning, tax advisors assist businesses in minimising tax burdens and maximising profitability.
6.Tax-Advantaged Giving Strategies
Tax advisors play a crucial role in helping businesses plan for their future financial success. They can provide insights and projections based on tax implications, helping businesses make informed decisions. By considering tax consequences in long-term strategic planning, tax advisors assist businesses in minimising tax burdens and maximising profitability.
7.Updating On New Tax Incentive Schemes
Tax advisors are well-versed in the various tax incentive schemes offered by governments. They can inform businesses about new tax incentives, credits, and programs that can benefit their specific industry or operations. By staying informed about these opportunities, tax advisors help businesses take advantage of available incentives and optimise their tax positions.
How Does Meru Accounting Help Specialise In Providing Accounting Solutions?
Meru Accounting specialises in providing accounting, tax preparation, and financial services to educational institutions, including government institutes, community colleges, universities, and district schools. Here’s a summary of the key points you mentioned:
In terms of tax services, you mentioned several areas that Meru Accounting focuses on, including exemption status application, state and federal filing preparation, filing and preparation of Form-990, 990-T, and 5500, representation before the IRS, employee benefits consulting, fundraising reporting, and maximising tax deductions and refunds. Additionally, you offer PAYE and GST services.
Furthermore, Meru Accounting provides financial services to address the financial issues faced by educational institutions, including schools, non-profit organisations, and public colleges and universities.
We believe in delivery service before thinking of the price. You can connect to us and get a free trial of 6 hours of bookkeeping.Whether you are a small or big education institute or district school, or any other education centre looking for a tax return solution with financial planning services, Meru accounting is at your service.
Conclusion
Meru Accounting specializes in providing comprehensive accounting and tax solutions specifically tailored for educational institutions in the United States. With their experience and qualified professionals, they offer a range of services, including accounting, bookkeeping, tax planning and compliance, tax exemption application, grant compliance, sales and use tax management, and property tax assessment and appeals. They also provide expertise in tax deduction strategies, maximising refunds, and ensuring adherence to evolving tax regulations and accounting standards.
Meru Accounting’s virtual accounting approach, along with its proficiency in cloud-based accounting software, allows for convenient collaboration and cost-effective solutions. Their commitment to delivering quality service is evident in their offer of a free trial of 6 hours of bookkeeping.
For educational institutions seeking specialised financial services and tax solutions to meet their unique needs and ensure compliance with tax laws, Meru Accounting provides expertise, affordability, and a focus on delivering exceptional service.
Hiring Virtual Accountant With Meru Accounting
Meru Accounting provides world-class services that cater to all the needs of cloud accounting and bookkeeping of your business.
We work on the best accounting software like Xero and Quickbooks, as well as add-ons that will make sure all your work is up-to-date.
We also manage VAT, BAS, Sales Tax and Indirect taxes for you so you are always ready at the end of the financial year.
Help you with switching from your traditional software to Xero and Quickbooks.
- Cost-saving.
- Access to skilled and experienced professionals.
- Better management of books of accounts.
- Decreased chances of errors.
- Improve business efficiency.
- De-burdens in-office employee’s dependency.
- Better turnaround time.
We work on virtual technologies like Team Viewer, Virtual Private Network (VPN) to share and access data from your system.
You have to share your accounting software login details.
Through that, we complete all of your work and update it on the cloud, so you can have access to your data from anywhere and at any time.
Software is not a barrier for us. Due to our strong and professional accounting knowledge, we can prepare your books in almost any of the accounting software
Our experts are always all ears to listen to your queries regarding bookkeeping and accounting or our services. You can contact us anytime by visiting: Contact Us page.
We provide our bookkeeping services at the rate of US $10 per hour. So, you only need to pay for the amount of time actual work is done.
We take certain preventive measures to secure your data, like:
- Cyberoam Firewall to prevent any kind of foreign threat.
- Dual-step authentication
- Implement anti-virus
- Limit user access so that login details are with a few people.
Meru Accounting work on some of the best accounting software’s like:
- Xero
- Quickbooks
- Netsuite
- Saasu
- Wave
- Odoo
Along with that, we also work with many add-ons like Workflow Max, Receipt Bank, Slack, TradeGecko etc., to extend your software’s capacity and improved work experience.
To book for trial, call us on our numbers or Please fill out the form here.
Our Work Information
We have combined team of Professionals. Seniors are generally Certified Chartered Accountants. Junior Bookkeepers are having Qualifications like Bachelors of Commerce, Masters of Commerce, Masters in Business Administration in the subject of Accounts and Finance, Intermediate level Qualification of Chartered Accountancy, etc.
For information visit our work methodology page.
We prepare a checklist of information required for bookkeeping and send you at timely intervals so as to ensure that we can do bookkeeping faster.
We can provide to you once we move ahead in our interview.
We serve clients on MYOB and have expertise working in Essentials, Account Rights Plus, etc.
Yes, We are presently processing Payroll for Number of clients in US , UK and Australia and take care of complete payroll activities.
Goods and Service tax (GST) is levied on sales of all the goods and services in Australia. GST is generally chargeable at 10% of value of sales.
Business Activity Statement is a predefined form to be submitted to the Australian Tax office by all the business persons in order to report on their all the tax obligations during the period covered.
BAS is generally required to be filed quarterly by various businesses.
Individual Business Owners
Yes, Owner of the business can prepare sign and lodge the tax return on his own. Its not mandatory that the Tax return needs to be signed by an EA or CPA.
No , its not mandatory that it should be prepared by only CPA or EA. It can be prepared by anyone who has PTIN.
We have Enrolled Agent who has the Authority to sign the documents for our clients after completing the through professional check.
Meru Accounting has its operational centre in India and hence the prices are quite less as compared to US based CPA’s and Enrolled Agents.
Meru Accounting has a team of Tax experts. Each Tax expert prepares around 300-400 Tax returns every year for various CPA’s in United States and Individual Businesses like yours. Due to this vast Experience and Robust Quality Check processes in place we can ensure you about correct Tax planning for your firm.
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