What is ITIN certification document? How can you get it?

Worried about how to get ITIN certification near me?

Your search ends here. We at EZ tap works provide complete services related to taxation and accountancy and ITIN is also a part of it. But before getting into how to obtain ITIN, let us first discuss what an ITIN is.

A unique identifier is always required to refer to an individual for any government measure be it welfare measures or taxation services. For a resident individual, Social security number (SSN) is issued by the social security administration but for certain foreigners and nonresident individuals, an identification number named (Individual Taxpayer Identification Number)ITIN is being issued. These are issued to individuals, their spouses, and dependents who are primarily not eligible for SSN. IRS authorizes a Certifying Acceptance Agent (CAA) to help individuals to get the ITIN.

There are mainly two approaches that can be followed to obtain ITIN. 

The first approach is to visit the IRS regional office. You will be required to produce your tax return and W-7 form, we also recommend you to carry your original documents along with you to prevent any last-minute hiccups because of that. All your documents will be evaluated by IRA and if all is okay then your tax return will be accepted.

The second approach is to avail the services of a certifying acceptance agent. The first thing that must be kept in mind and confuses customers most often is the difference between Acceptance agents and certifying acceptance agents, both have different roles as acceptance agents have limited authority when it comes to this matter. A CAA helps you in preparing your tax return along with the ITIN application. CAA is just not an ordinary certifying authority but is being authorized by the IRS ITIN office to issue the certificate of accuracy. This certificate of accuracy is submitted along with the ITIN application. 

EZ tax works provide a holistic service with a customer-centric approach that increases trustworthiness. We follow a very prudent way of working that has a high degree of emphasis on aspects of privacy and data security. Our agents are available with you all through the process to assist you not only in getting the ITIN but until the tax returns are filed and the process is completed. Authorities can pose clarifications and questions on the tax returns so there arises the need for experts who understand the process and can address them effectively. 

Along with the ITIN service, we also provide our services to prepare deferral and state tax returns, Form W-7, is an application meant for an individual taxpayer identification number and also W-7, (COA). Apart from the taxation-related services, we also offer services for accountancy, bookkeeping, payroll services, and many other verticals. If you feel you can do your taxes on your own, you can also consider the facility of hiring our consultancy services in which our top experts can interact with you and suggest their expert opinion on what might be lacking in your returns and how it can be improved. 

We have a plethora of services to offer for the taxation domain at the most competitive prices, so feel free to reach out to us.

Why hire bookkeeping services in Cumberland RI?

Bookkeeping for businesses particularly small has now become a necessity in Cumberland RI. This is the initial step and the most vital one in the accounting process. It involves amassing all the financial data of your business right from the day-to-day financial transactions to paychecks and turning the stored data into easy-to-read reports for analysis in the future.

Therefore, bookkeeping services near me help businesses maintain a record of their dividend and spending on the business regularly. Business owners can avail of the services of an in-house Bookkeeper or even can try bookkeeping outsourcing services to reduce expenses. Some of the major advantages of investing in Bookkeeping services are mentioned below. 

With all the changes happening in the financial world, bookkeeping provides a company with a multitude of advantages which are listed below. Let's take a look at them.

● Helps you understand the financial situation of your company

This is the first benefit of bookkeeping as it helps business owners understand the financial situation of their company. This is critical for every business's hassle-free running.  You will get all the payroll estimations with outstanding bills and information about the income on your able efficiency via bookkeeping. You can budget your upcoming expenses for the growth of your business accordingly. 

● It safeguards you from tax penalties

Some of these include failing to report income, taxes, and other important documents on time. If you are a small business owner, then you'd not like to spend your money on penalties you could have avoided. This is where bookkeeping comes into the picture. You can submit all your documents to the government on time by hiring a bookkeeper service company. You do have not to do anything by yourself like calculating the payroll taxes as well as similar things as these charges will be on your bookkeeper's shoulders. 

● Bookkeeping lets you run your business as usual while allowing a bookkeeper to acknowledge your tax obligations. 

Bookkeeping helps you make better financial decisions. You might face difficulties in making good financial decisions. Though it is understandable, it goes against your firm. Poor financial decisions can lead your business to oblige more money on a specific project or supplier without knowing your economic substances.  In order to avoid such situations, you'd need bookkeeping services. If you do so, you get access to more often updated financial reports while translating to better decisions related to finance. 

● Bookkeeping helps you focus on your important business operation

You would need to keep a keep eye on your vital business operations to develop and flourish your business. If you are spending all your important time reimbursing invoices, writing cheques, tracking expenditures, or processing payroll, you would have time to focus on your business operations. This is what a common observation is with businesses taking everything into their hands including bookkeeping.

Do some research online and even ask your known ones for references before hiring a Bookkeeping service company.