MONIKA SHAH

• Managed multiple tax projects simultaneously, ensuring deadlines were met and clients were satisfied.
• Conducted thorough reviews of financial records to ensure accuracy in reporting income, deductions, and credits.
• Performed tasks under limited supervision related to income tax compliance such as returns, extensions, forecasts.
• Prepare or tax returns using Lacerte for individuals and all business types.
• Assist to Prepare 5471 for International entities,
• Assist to prepare IC Disc ( Interest on domestic International Sales) for Corporation.
• Prepare various Corporation and business tax return
• Prepare Quarterly Sales tax calculation and Sales tax.
• Review and finalize accounting data entry, reconciliation and monthly closing using QuickBooks.
• Review general ledger and find inaccurate entries entered by the client and correct them. Review credit card statement items and reconcile. Enter month-end closing and annual closing entries, review financial statements and finalize accounting on a timely manner

• Assessed client tax situations to determine best filing options.
• Maintained complete records of client tax returns and supporting documentation in secured areas.
• Handled complex cases involving small business owners, self-employed individuals, and those with investments or rental properties, showcasing versatility in expertise within the field of taxation.
• Streamlined tax filing processes for clients, ensuring a smooth and efficient experience.
• Developed spreadsheet models to accurately track tax information.

• Prepare and assist in preparing simple to complex tax return for individual or small business (Schedule C, Partnership, S-Corp, C-Corp etc.)

• Assisted in preparing w-2 and 1099 payroll tax return as well as reviewed S-Corporation, C-Corporation and partnership tax return.

• Interview’s client to obtain additional information on taxable income and deductible exps

• Prepared and indexed working papers; performed various procedures to verify accuracy and validity of client financial matters.

• Prepare Financial Statements, such as bank intercompany & fixed assets reconciliations • Manage the accumulation and consolidation of all financial data necessary for accurate accounting of total business results.
• Discuss with client year end adjustment to be included.

• Handled day-to-day accounting processes to drive financial accuracy.
• Reconciled accounts and reviewed expense data, net worth, and assets.
• Documented cash, credit, fixed assets, accrued expenses, and line of credit transactions.
• Gathered financial information, prepared documents, and closed books.
• Passion for tax accounting continuous improvement and teamwork, Analyze current and prior year General Ledger, Cashbook.
  • Review and Process Client Purchase and Sales Order
  • Enter sales and Purchase Order, Generate invoice and monthly statement.
  • Report cash flow statement.
  • Accurate customer records of billing and payment.
  • AR (Account Receivable) – generate invoices, payment processing, send collection reports to Clients
  • AP (Account Payable) – managing bills and payments.
  • Answered A/P processing tasks and resolving open A/P credit items with vendors.
  • Reconciliation with Bank Accounts
  • Make journal entries for year end close including bank reconciliations.
  • Preparation of financial statements, General Ledger, Profit and Loss, Balance sheets, Account reconciliation
  • Discuss with client year end adjustment to be included.
  • Preparing Sales report for quarterly sales tax return at BOE
  • Book Keeping for multiple Projects.
  • Tax Planning and Audit support • Responded and follow up IRS notices independently.

• Filed returns using Drake tax computing Software
• Prepared and indexed working papers; performed various procedures to verify accuracy and validity of client financial matters.

• Prepare Tax Planning and Projections.

• Handle routine client questions, and work with clients to obtain necessary information for financials and tax return completion.
• Independently prepared and reviewed Tax return and out of state tax return. 1040 return, Solo proprietors. Can do research and find out details for minor or major obstacles
• Have experience with schedule C, Schedule D, Schedule E (stock, depreciation, self-employed entities, FBAR (FinCen 114 form/8938 form) filling

• prepare and learn to review Amended returns, File Extension

• Respond to IRS notices independently.

• Prepare accurate tax work papers.

• Handled about 100+ individual Tax payers for filling returns and paying taxes
• Hand on electronic filing and paper filing for tax returns
• Handled reception and given advices over phone for existing clients and new clients
• Handled routing client questions, communicate and work with client to obtain nessacary information for financial and tax return completion.