Braj Aggarwal, CPA, PC - Latest Blogs

Latest Posts

The Role of Auditors in HUD Compliance

Auditors are crucial players when it comes to making sure that organizations properly follow the rules set by the U.S. Department ...

By Anik Jain, Braj Aggarwal CPA / Nov 07, 2024

Why Indian Businesses in the USA Should Choose Braj Aggarwal CPA PC for Expert Financial Guidance

Starting and managing a business in a foreign country can be daunting, especially for Indian entrepreneurs in the USA. Navigating ...

By Braj Aggarwal CPA / Oct 26, 2024

CPAs: From Financial statement Audits to Strategic Business Insights

The role of Certified Public Accountants (CPAs) has evolved significantly in today’s business environment. Traditionally, audits...

By Anik Jain, Braj Aggarwal CPA / Oct 17, 2024

Taxation

Thorough tax planning, whether for yourself or your business, is the most effective way to limit the negative impact of taxes in your life. If something has been properly accounted for in advance, it

EFTPS: The Electronic Federal Tax Payment System

EFTPS not only simplifies the tax payment process but also eliminates the hassle of traditional methods, ensuring that taxpayers c...

By Anik Jain, Braj Aggarwal CPA / Aug 24, 2024

Understanding IRS notices or letters

Navigating IRS notices can be a daunting task for many taxpayers, but understanding how to handle them can alleviate stress and en...

By Anik Jain, Braj Aggarwal CPA / Jul 29, 2024

Tax Optimization for Veterinary Practices - Key Insights on Wisconsin PTE, S Corp Conversion

Effective tax optimization not only ensures compliance but also maximizes profitability. We'll delve into key aspects of tax strat...

By Anik Jain, Braj Aggarwal CPA / Jul 16, 2024

Everything You Need to Know About New York City Sales Tax

Navigating through New York City's sales tax system may seem daunting, but it doesn't have to be. This comprehensive guide will pr...

By Braj Aggarwal CPA / Jun 12, 2024

Beneficial Ownership Information Reporting Requirements

The initial BOI report and all updates and corrections are filed electronically with FinCEN through a system that will be availabl...

By Neha Agarwal, Braj Aggarwal CPA / Jan 27, 2024

Get an Effective IRS Tax Audit Representation

We all know Facing an IRS tax audit can be a daunting task for most individuals and businesses. IRS tax audits can be initiated fo...

By Braj Aggarwal CPA / Mar 27, 2023

Instructions For Form IT-204-LL

Instructions for Form IT-204-LL. Partnership, Limited Liability Company, and Limited Liability Partnership Filing Fee Payment Form...

By Deepak Agrawal, Braj Aggarwal CPA / Mar 13, 2023

When should you hire a Virtual CFO?

Irrespective of your business being in the seed stage or a fully established enterprise, having a strong and robust financial team...

By Laila Kavumtholil, Braj Aggarwal CPA / Jan 16, 2023

The Wage Parity Audit For The Home Health Care Market: 6 Facts You Need To Know

The Wage Parity Audit For The Home Health Care Market: 6 Facts You Need To Know. Home care aides are in high demand for both perso...

By Braj Aggarwal CPA / Sep 06, 2022

Braj Aggarwal, CPA, P.C Accounting and Taxation Services are at The Top of the Industry

Braj Aggarwal CPA PC Accounting and Taxation Services are at The Top of the Industry. Financial and accounting services are indust...

By Braj Aggarwal CPA / Jun 07, 2022

Who is Eligible for Wage Parity?

Who is Eligible for Wage Parity? Wage Parity benefits are accessible to all hourly home consideration laborers or assistants who a...

By Braj Aggarwal CPA / Mar 31, 2022

What is the difference between Revenue Account and Capital Account?

What is the difference between Revenue Account and Capital Account? Revenue account is an account that includes all the revenue re...

By Akash Sharma, Braj Aggarwal CPA / Jan 17, 2022

How to import a QBO file into QuickBooks Desktop

How to import a QBO file into QuickBooks Desktop. Once you make a bank rule in QuickBooks desktop then accounting becomes easier a...

By Raghav Mangla, Braj Aggarwal CPA / Jan 10, 2022

Braj Aggarwal, CPA, P.C Year In Review on Clutch for 2021

Looking for a trusted CPA and accounting team? Struggling with your bookkeeping and taxation efforts? Fret not because Braj Aggarw...

By Braj Aggarwal CPA / Jan 05, 2022

Understanding the Concept of Capital Gain

Understanding the Concept of Capital Gain. The buy asset at one price and sell asset at higher price this type of profit known as ...

By Raghav Mangla, Braj Aggarwal CPA / Dec 16, 2021

Braj Aggarwal, CPA Records A 5-Star Rated First Review On Clutch

At Braj Aggarwal, CPA, numbers only tell part of the story. Our entrepreneurial-minded and results-focused approach is what ensure...

By Braj Aggarwal CPA, Laila Kavumtholil / Oct 13, 2021

The Earned Income Credit (EIC)

The earned Income Credit (EIC) is a refundable tax credit to U.S. taxpayer with the low earnings to reduce the amount of tax owed ...

By Ramandeep Kaur, Braj Aggarwal CPA / Oct 04, 2021

The Additional Child Tax Credit

The Additional Child Tax Credit (ACTC) was a separate reduction, but it applied only to families with earned income above $3,000. ...

By Ramandeep Kaur, Braj Aggarwal CPA / Oct 01, 2021

Insight to major amendments in MD&A adopted by SEC

The Security Exchange Commission, as per its press release on November 19, 2020, voted to adopt amendments to Regulations S-K, tha...

By Laila Kavumtholil, Braj Aggarwal CPA / Sep 28, 2021

Taxation: What is Form 1040 and who must file this form

Form 1040 is the U.S. Individual Income Tax Return used by U.S. taxpayers to file their annual income tax return with IRS. This fo...

By Laila Kavumtholil, Braj Aggarwal CPA / Sep 17, 2021

Taxation: Most Common Tax Forms used in Business

For a business, filing tax-return could be a multi-step activity. Basic steps to be considered are. Below is the list of most comm...

By Laila Kavumtholil, Braj Aggarwal CPA / Sep 09, 2021

Why should one hire a Part-Time CFO?

Most business owners & incorporations have the vision and insight to run their businesses, but when it comes to dealing with their...

By Laila Kavumtholil, Braj Aggarwal CPA / Sep 04, 2021

Child Tax Credit

Reduces tax bill on Dollar-to-Dollar Basis. It can bring tax bill to zero. You might get a refund. You must have provided at least...

By Ramandeep Kaur, Braj Aggarwal CPA / Aug 27, 2021

NYC LMI Storefront Loan

The New York City has restarted the loan program that every small business owner have been looking for. The New York City's Storef...

By Kapeesh Garg, Braj Aggarwal CPA / Aug 05, 2021

Tax Filing Status

It is very important to know choose the right filing status options as filing your tax return. Choosing the wrong filing status ...

By Ramandeep Kaur, Braj Aggarwal CPA / Jul 29, 2021

Understanding How FICA Tips Credit Worked

As now the time comes Restaurant owners are looking to finalize their previous year books and filing federal tax return. But wait ...

By Navneet Agrawal, Braj Aggarwal CPA / Jul 23, 2021

RESTRICTED STOCK AND 83 (B) ELECTION

Restricted Stock and 83(b)election. Startup / Company gives employee equity of company at a discounted price. Shares are vested at...

By Ramandeep Kaur, Braj Aggarwal CPA / Jul 17, 2021

IRS Hits the Brakes on Collections in Response to the Corona Virus

As part of government attempts to alleviate economic pressures due to the coronavirus, the IRS has begun to pause collection activ...

By Atul Pandey, Braj Aggarwal CPA / Apr 25, 2020

Worker Classification: Employee vs. Contractor

If you hire someone for a long-term, full-time project or a series of projects that are likely to last for an extended period, you...

By Atul Pandey, Braj Aggarwal CPA / Apr 15, 2020

Audit

Our experts work closely with clients to develop service plans intended to produce an efficient and cost-effective audit and assurance.

CPAs: From Financial statement Audits to Strategic Business Insights

The role of Certified Public Accountants (CPAs) has evolved significantly in today’s business environment. Traditionally, audits...

By Anik Jain, Braj Aggarwal CPA / Oct 17, 2024

Understanding the HUD Program and How to Navigate Its Compliance Requirements

The HUD Program was established to provide affordable rental housing for low-income families, seniors, and individuals with disabi...

By Anik Jain, Braj Aggarwal CPA / Oct 09, 2024

Preparing for an Audit: Essential Practices and Common Mistakes

Preparing for an audit is a crucial task that can significantly impact an organization’s financial health and compliance status....

By Anik Jain, Braj Aggarwal CPA / Sep 23, 2024

Understanding Mortgage Banking Audit: How CPAs Can Provide Essential Support

Understanding Mortgage Banking Audit: How CPAs Can Provide Essential Support. In the complicated global of mortgage banking, makin...

By Braj Aggarwal CPA / May 11, 2024

Why You Need a CPA for Your Wage Parity Audit?

Wage parity audits involve navigating intricate legal regulations and compliance requirements. CPAs understand these nuances and c...

By Braj Aggarwal CPA / Mar 05, 2024

Braj Aggarwal, CPA, P.C: Your Partner in Wage Parity Excellence for New York Business.

For New York businesses, navigating the nuances of wage parity laws can be complex and daunting. Fortunately, Braj Aggarwal, CPA, ...

By Braj Aggarwal CPA / Feb 28, 2024

CPA Strategies for Effective Mortgage Audits Tips and Techniques

Mortgage audits serve as a cornerstone in maintaining the accuracy and compliance of mortgage loan portfolios. With financial inst...

By Braj Aggarwal CPA / Feb 17, 2024

CPAs: Essential Partners for Business Conducting Wage Parity Audit

Certified Public Accountants (CPAs) are essential partners for businesses conducting wage parity audits. CPAs have the training, e...

By Braj Aggarwal CPA / Dec 16, 2023

Understanding Wages Parity and Its Benefits for Individuals and Businesses

Wages parity, also known as pay equity or wage equality, is the principle of ensuring that individuals receive fair compensation f...

By Braj Aggarwal CPA / Oct 07, 2023

Wage Parity Audits: A Sound Investment for Your Business

Wage Parity Audits: A Sound Investment for Your Business. Wage parity audits are a critical tool for businesses of all sizes. By c...

By Braj Aggarwal CPA / Aug 17, 2023

What is the Wage and Hour Laws In New York State and How CPA Can Help You?

There are several wage and hour laws in New York State that employers need to be aware of. These laws cover things like minimum wa...

By Braj Aggarwal CPA / Apr 12, 2023

Get an Effective IRS Tax Audit Representation

We all know Facing an IRS tax audit can be a daunting task for most individuals and businesses. IRS tax audits can be initiated fo...

By Braj Aggarwal CPA / Mar 27, 2023

What is Coop and Condo Audit and How CPA Can Help?

Coop and condo audits are financial reviews of the financial records and operations of cooperative (coop) and condominium (condo) ...

By Braj Aggarwal CPA / Mar 03, 2023

When should you hire a Virtual CFO?

Irrespective of your business being in the seed stage or a fully established enterprise, having a strong and robust financial team...

By Laila Kavumtholil, Braj Aggarwal CPA / Jan 16, 2023

IRS Audit Representation For Individuals and Small Business

IRS Audit Representation for Individuals and Small Businesses. When you receive an IRS audit, it can be stressful. Your financial ...

By Braj Aggarwal CPA / Sep 14, 2022

The Wage Parity Audit For The Home Health Care Market: 6 Facts You Need To Know

The Wage Parity Audit For The Home Health Care Market: 6 Facts You Need To Know. Home care aides are in high demand for both perso...

By Braj Aggarwal CPA / Sep 06, 2022

Who is Eligible for Wage Parity?

Who is Eligible for Wage Parity? Wage Parity benefits are accessible to all hourly home consideration laborers or assistants who a...

By Braj Aggarwal CPA / Mar 31, 2022

Braj Aggarwal, CPA, P.C. is a Leading Tax Auditing Firm in Clutch this 2022

Braj Aggarwal, CPA, P.C. the team is very excited to announce that we’ve been recently named as one of the best tax auditing fir...

By Braj Aggarwal CPA / Mar 09, 2022

What is the difference between Revenue Account and Capital Account?

What is the difference between Revenue Account and Capital Account? Revenue account is an account that includes all the revenue re...

By Akash Sharma, Braj Aggarwal CPA / Jan 17, 2022

Braj Aggarwal, CPA, P.C Year In Review on Clutch for 2021

Looking for a trusted CPA and accounting team? Struggling with your bookkeeping and taxation efforts? Fret not because Braj Aggarw...

By Braj Aggarwal CPA / Jan 05, 2022

Understanding the Concept of Capital Gain

Understanding the Concept of Capital Gain. The buy asset at one price and sell asset at higher price this type of profit known as ...

By Raghav Mangla, Braj Aggarwal CPA / Dec 16, 2021

Braj Aggarwal, CPA Records A 5-Star Rated First Review On Clutch

At Braj Aggarwal, CPA, numbers only tell part of the story. Our entrepreneurial-minded and results-focused approach is what ensure...

By Braj Aggarwal CPA, Laila Kavumtholil / Oct 13, 2021

Insight to major amendments in MD&A adopted by SEC

The Security Exchange Commission, as per its press release on November 19, 2020, voted to adopt amendments to Regulations S-K, tha...

By Laila Kavumtholil, Braj Aggarwal CPA / Sep 28, 2021

Personal Financial Statement (PFS)

Personal Financial Statement or what we call the PFS is a statement which shows the financial status of an individual. In other wo...

By Kapeesh Garg, Braj Aggarwal CPA / Sep 24, 2021

NYC LMI Storefront Loan

The New York City has restarted the loan program that every small business owner have been looking for. The New York City's Storef...

By Kapeesh Garg, Braj Aggarwal CPA / Aug 05, 2021

RESTRICTED STOCK AND 83 (B) ELECTION

Restricted Stock and 83(b)election. Startup / Company gives employee equity of company at a discounted price. Shares are vested at...

By Ramandeep Kaur, Braj Aggarwal CPA / Jul 17, 2021

Stimulus Check Frequently Asked Questions

The $2 trillion relief bill will send money directly to Americans, greatly expand unemployment coverage and make a number of other...

By Atul Pandey, Braj Aggarwal CPA / Mar 27, 2020

Payroll

Small business owners spend an average of eight hours a month performing payroll functions. That's 12 full days a year that could be spent generating sales, prospecting new business opportunit

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