Gamal H. Awad, CPA

01/25/2023

https://www.bark.com/en/us/company/tax--accounting-us-llc---certified-public-accountant/omGQD/?fbclid=IwAR1V5iJBOA1H9vD8ncuQ6aumHNK67j9r6KN94_WEDIEPXjUEvozidIDiqB0

Tax & Accounting US LLC - Certified Public Accountant is a 5-star rated Tax Accountant on Bark, serving New York City, Borough of Queens and surrounding areas.

01/20/2023

The Women’s Business Development Council is offering grants of up to $10,000 to qualified women-owned small businesses in Connecticut

01/15/2023

Our experience

Mr. Awad is a Certified Public Accountant and has a Master's degree in accounting from Saint Peter's University in New Jersey. He has twenty two years of experience in accounting and taxation. Before he established Tax & Accounting US LLC, he gained his experience from working for top Certified Public Accounting firms in the US such as PricewaterhouseCopper (top 2nd accounting firm), RSM US LLP (top 5th accounting firm), CohnReznick LLP (top 11th accounting firm), and WISS & COMPANY LLP. In addition to the public accounting experience, Mr. Awad has been working for six years as a tax manager for the tax department of FUJIFILM Holdings America Corporation, the multi international Japanese company where he gained extensive experience in Federal and State income tax returns for such large corporations. He also provided income tax consultation to well known companies such as US Weekly magazine, Jackson Hewitt Tax Services, Intuit/Turbo Tax, UPS franchise stores, and McDonald's franchise stores. His mission is to act with integrity and honesty to provide value to taxpayers. He uses his experience in tax planning and income tax compliance to minimize the tax liability for business and individual clients. Planning is the key to saving in taxes. He works with taxpayers throughout the year in order to plan ahead to use all the applicable deductions and credits so that they can reduce their tax liability when they file their income tax returns after year end.

Type of Business Clients: Our clients are doctors, surgeons, construction companies, retail stores, restaurants, and realtors

01/12/2023

Many thanks to our clients for their reviews.

Lawncare Solutions

We didn't know all the legalities of owning the business, James helped us set everything straight. He worked with us and explained any questions we had. He got us up-to-date on our bookkeeping/taxes and on the right path!

Richard Glover

James is a competent, skilled, and attentive accountant who has high standards, demonstrating integrity throughout our relationship. He listens well and is attends to details either during consultations or shortly thereafter (proving his efforts extend well beyond formal meetings). His advice has proven consistently beneficial and have given me peace-of-mind knowing that my financial matters are being properly handled.

Rodney M

James has been extremely helpful, thorough, and professional while helping me resolve my tax situations. I’ll continue to use his services (especially for filing taxes) and I highly recommend others to try him out as well!

01/12/2023

I've just reached 600 followers! Thank you for continuing support. I could never have made it without each one of you. 🙏🤗🎉

12/31/2022

Correction to what was explained by Alkarma TV this week.

We thank Alkarma TV for providing information about personal taxes, however some of the requirements pertain to the foreign financial assets reporting that were explained in December 27 Live program are wrong information and misleading. The real estate properties in foreign countries are not required to be reported to the IRS on form 8938 as the real properties are not considered financial assets for the purpose of Form 8938. The only thing that the taxpayer needs to report about the real property is the rental income or sale of the property.

Here is the information from the IRS website:

Foreign real estate is not a specified foreign financial asset required to be reported on Form 8938. For example, a personal residence or a rental property does not have to be reported.
If the real estate is held through a foreign entity, such as a corporation, partnership, trust or estate, then the interest in the entity is a specified foreign financial asset that is reported on Form 8938, if the total value of all your specified foreign financial assets is greater than the reporting threshold that applies to you. The value of the real estate held by the entity is taken into account in determining the value of the interest in the entity to be reported on Form 8938, but the real estate itself is not separately reported on Form 8938.

12/31/2022

2023 Standard Mileage Rates

Beginning on Jan. 1, 2023, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:

65.5 cents per mile driven for business use, up 3 cents from the midyear increase setting the rate for the second half of 2022.
22 cents per mile driven for medical or moving purposes for qualified active-duty members of the Armed Forces, consistent with the increased midyear rate set for the second half of 2022.
14 cents per mile driven in service of charitable organizations; the rate is set by statute and remains unchanged from 2022.

12/16/2022

New business started on or after February 15, 2020 could be entitled to Employee Retention Credit of up to $100,000