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Accounting

Q.1 What are the types of accounting services that I can avail from Elixir?

Elixir specializes Accounts receivable and payable management, Cash Flow, Budgeting and Forecasting, Monthly Financial Management, Business Analysing, and Management Reports, Maintaining General Ledger Accounts, Monthly Bank Settlements, Detailed Balance Sheet Reconciliations, and Documentation For External Auditors. To avail your preferred service, you can reach out to us here.

Q.2 Will my work be done by qualified accountants?

Elixir employs a team of certified CPAs and accountants who are experienced in catering to the accounting needs of US firms. Having a deep understanding of the laws and seasoned expertise, every one of the services is completed with the companies requirements in mind.

Q.3 What type of accounting software is used to provide accounting services to a US firm?

Ans: Elixir’s team of accountants is adept in industry-best accounting software such as Xero, Netsuite, Freshbooks, Intacct, etc. These softwares are used to provide comprehensive accounting solutions to a US firm.

Bookkeeping

Q.1 What are the bookkeeping services provided by Elixir?

Ans: Our bookkeeping services include: Routine Accounting/Bookkeeping, Financial Report Preparation, Reconciliations, Sales Tax Calculation and filing returns, Accounts payable management and Accounts receivable management. To avail your preferred service, you can reach out to us here.

Q.2 Shouldn’t my bookkeeper be local or in-house?

Ans: The advent of the internet and advanced software makes it easier for a firm to outsource the bookkeeping to expert bookkeepers which will not hamper operational budgets. Small accounting firms can save huge amounts of money by hiring a remote bookkeeper rather than hiring a full-time in-house bookkeeper.

Q.3 Do I need to clean or restructure my books before I hand them over to Elixir?

Ans: No, as part of our work estimate, we will perform data cleaning and restructuring, if required. Our team of bookkeeping experts will set up a suitable general ledger for your financial books which is specific to your bookkeeping needs.

Compliance

Q.1 Which compliance services I can get through Elixir?

Ans: We offer best-in-class compliance services which include: Formation Services, Virtual Office, Call, Mail Forwarding Services, Annual Entity Compliances, Registers, Organisational Meetings, Winding-Up, and Business Closure, Special Purpose Reports, Source Document Verifications, and Payroll Management. To avail your preferred service, you can reach out to us here.

Q.2 Does Elixir compliance services provide support for US regulatory inspections?

Ans: Yes, our compliance services do provide firms assistance in the process of regulatory inspections. When you outsource your compliance services to Elixir, your books are well prepared in advance for every regulatory inspection.

Q.3 What areas do Elixir’s compliance services cover?

Ans: Through our unique compliance services mentioned above, we ensure compliance in the financial and legal areas to an accounting firm.

Taxation

Q.1 What type of taxation services are provided by Elixir?

Ans: Elixir’s range of taxation services include: Tax Preparation, Federal, State, and Local Taxes, Tax Planning, FBAR, 1099, W2, etc preparation, Sales Tax Returns, Partnership Income Taxes, and Fiduciary Income Tax. To avail your preferred service, you can reach out to us here.

Q.2 Are the taxation services provided only for local taxes?

Ans: No, along with local taxation services, Elixir’s experienced tax experts also provide foreign tax preparation services such as FBAR, 1099, W2, etc. You can reach out to our team of experts to know more here.

Q.3 How can I trust remote tax accountants located in a different country to handle US taxes?

Ans: Elixir hires tax accountants after a rigorous screening process to ensure they have a deep understanding of US tax laws. They are trained regularly by Elixir to keep them updated on the changing US laws.