Tax Specialist

Posted on: 2007-04-08

NINA BASANTANI 150 Kiely Blvd., Apt 4 Santa Clara, CA-95051 Tel. 408-557-8607/408-480-4220 E-mail: [email protected] QUALIFICATION HIGHLIGHTS: CPA (May ’03) from California Board of Accountancy, USA, CA (Inter) from Institute Of Chartered Accountants of India, Diploma in Taxation Laws from University of Pune, Maharashtra, India. STRENGTHS: Strengths include expertise in filing Individual tax returns, accounting for small business, strong analytical ability, good organization skills & highly committed work ethics. PROFESSIONAL EXPERIENCE SUMMARY: Name of Firm: Chan CPA & Company, Los Gatos, California ( May 2006 till date) Independent Contractor working as a Tax specialist/ Staff Accountant. Name of Firm: Financial Results Inc., Pleasant Hill, California (Sept 2005 to April 2006). Worked as part time Junior Tax /Accounting Consultant at Chan CPA, Los Gatos, California. Name of Firm: Jessie Tax Services, Sunnyvale, California (Dec 2003 to April 2004). Worked as a Tax Preparer & Junior Accountant. Name of Firm: Shah Parekh & Associates, Pune, India (July 1995 to July 1998). Worked as an Articles/Audit trainee. TAXATION (India & U.S.) · Prepare Income tax returns for Individuals, S-corporations, Corporations, Trusts, Partnership firms. · Preparing Amended returns. · Filing Extensions. · Filing property tax returns. · Tax Planning and Projection. · Responding to IRS notices independently. · Providing support to CPA with tax return deadlines. · Getting resolution on important issues with IRS & FTB. · Verify whether Tax Deducted at Source (TDS) returns are timely filed. · Provide advice to clients on related tax implications. · Provide support for tax audits to Chartered Accountant · Training junior tax specialist with software & support in other tax related issues. Tools used: Pro-System-2006, Pro-Series 2003. AUDITING EXPERIENCE (India Only) · Review Documents such as Articles of association, Bylaws, minutes of meetings, contracts & loan guarantees for tax audits of corporations, partnership firms & trusts. · Vouching of Cash, Bank, Purchases, Sales, and Journal. · Verification of postings into Ledger. · Footing & cross-footing of schedules. · Checking bank reconciliation & recomputing material amounts. · Inquire about cut off transactions & verify proper accounting & disclosure · Identifying & examining related party transactions. · Evaluating financial statement disclosure. · Observing year-end stocktaking. · Confirming Accounts Receivable & Accounts Payable balances. · Vouching fixed asset transactions & verifying depreciation calculations & physical existence. · Ensure fixed assets transfers, disposals and impairments are properly and timely recorded. · Provident Fund audit of Fujitsu ICIM: · Checking interest calculations for employees under Voluntary Retirement Scheme. · Verifying timely filing of Provident fund returns. Tools used: Manual FINALISATION OF ACCOUNTS (India & U.S.) · Pass journal entries for year-end close including reconciliation of banks. · Accounts Payable-Entering bills & making payments using QuickBooks. · Entering dailies for cash sales reports. · Supervise weekly cash balances and cash flow. · Verify bank reconciliation’s and credit lines monthly. · Generating trial balance & financial statements. · Bookkeeping for partnership firms & sole proprietors. · Scrutinize General Ledger, Cash book, Journal · Discuss with client any year-end adjustments to be included. · Analyze prior year’s financial statements & returns. Tools used: Quickbooks-2007, Quickbooks-2005 & Tally 6.3 EDUCATIONAL QUALIFICATION: · CPA (California board of Accountancy, California, USA)-May 03. Cleared all four subjects in first attempt with overall score of 80%. · CA Inter (Institute of Chartered Accountants of India), Diploma in Taxation Laws (University of Pune, India) · Bachelor of Commerce (first class with Distinction-71.25%) from University of Pune, India. Specialized in Business Administration & Cost Accounting. · Individual taxation course at the H & R BLOCK, Sunnyvale, CA. in year 2003 with a score of 99.20 % · California notary public course-Apr. 06. Score 83% COMPUTER SKILLS: · MS Office with proficiency in Excel. · QuickBooks 2007, QuickBooks 2005. · Pro-series 2003 · Pro-System 2006