Do you prepare personal income tax returns and what is the cost?

Yes. The cost is based on the amount of time required to complete your return. The more complex your tax situation is, the more time is required. We meet with all new clients to obtain an understanding of your needs up front and will provide you with a fee estimate before we start our work. You will be asked to complete a tax questionnaire each year to identify any changes in your tax situation. We will also keep you informed of any changes to tax legislation that may affect you. Every tax return prepared by Golllapudi and Co is reviewed by a Chartered Accountant to ensure accuracy.

Are you taking on new clients?

Yes. Gollpudi & Co., is a growing practice of Chartered Accountants and we are available to serve the needs of the business community. Please call our office to make an appointment to meet with one of our Chartered Accountants today.

What is a Chartered Accountant?

A Chartered Accountant, also known simply as a CA, is someone who has achieved a globally recognised professional qualification in financial and business service expertise. CAs have undergone rigorous training and are required to maintain the highest standards in continuing educational requirements.

Who at your firm will be providing me with services?

At Gollpudi & Co., we have the experience you require and can trust. Our pool of resources, which includes staff levels ranging from technicians to registered students to CAs, ensures that our services are provided in a cost-effective manner. Our assignment scheduling takes into consideration the complexity of the work and our clients’ needs. No matter what level of staff is assigned, the firm assures you that the partner remains your principal contact and reviews our work prior to release of any statements or tax returns. Our people are our number one resource and the entire team is committed to delivering high quality service to ensure our clients achieve their objectives.

How long do I need to retain financial records?

As a general rule, you must keep all of your records and supporting documentation for a period of seven years. For the purchase of assets or investments, information relating to the purchase price must be retained for seven years after the date of disposition.

How do I pay a tax instalment?

There are three acceptable methods for making instalment payments. Two of these methods base your instalment payments on the amount of tax that you owed last year. The third method allows you to base your instalments on what your projected tax liability will be for the current year.