What are the opening hours?

Monday 9am - 3:30pm Tuesday 9am - 3:30pm Wednesday 9am - 3:30pm Thursday 9am - 3:30pm Friday 9am - 3:30pm

Punita Ahuja CPA PLLC

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United States
Greensboro, NC
Punita Ahuja CPA PLLC

One step solution for all business and personal tax preparation and consultancy including India taxes

Our services include -
• Tax Preparation – Individual, Partnership, S Corp and other
Business Entities.
• Payroll Tax Preparation
• Sales Tax Preparation
• New Business Set up
• Bookkeeping and Accounting Services
• Financial & Retirement Planning
• Gift tax and Estate Tax Return Preparation
• FREE Consultancy- Matters related to business, tax and accounting
• Follow up for fast Refund after tax filings

02/04/2026

Tax Forms update
For the 2025 tax year (filing in 2026), the IRS is implementing significant changes based on the One, Big, Beautiful Bill Act. Key updates include a new Schedule 1-A to claim deductions for non-taxable tips, overtime, and car loan interest, along with increased SALT deductions and expanded child tax credits. Although new laws passed, the IRS announced no immediate changes to Form W-2 or 1099 for 2025 to ease transition. Key 2025 Tax Form and Policy Revisions:
New Schedule 1-A (Form 1040): Used to claim new deductions for qualified tips, overtime pay, and car loan interest.
Form 1099-DA: Introduced for digital asset (crypto) transactions.
Form 1098-VLI: New form for reporting car loan interest.
Increased SALT Cap: Itemized deduction for state and local taxes (SALT) increases to $40,000 MFJ \$20,000\) married filing separately.
Enhanced Senior Deduction: An additional $6,000deduction (up to $12,000per couple) for individuals aged 65 and older.
Child Tax Credit: Maximum credit increases to $\$2,200$ per eligible child.
Standard Deduction: Amounts are increased for 2025.
Important Notes for 2025: Transition Period: Despite the new law, the IRS confirmed that Forms W-2, 1099, and 941 will not be updated for 2025 to reflect the new provisions.Withholding: Federal income tax withholding tables will not be immediately updated.
Reporting Requirements: Employers are encouraged to provide separate documentation for tips and overtime for employee deductions.
Refer: IRS Forms page
Punita Ahuja

01/09/2026

Monday, January 26, 2026, will be the first day of the nation’s 2026 filing season.
Contact to schedule your tax appointment .

12/30/2025

Tis the season to say goodbye to 2025'
’ Tis the season… for year‑end tax planning!'

As 2025 winds down, take these quick steps to boost your tax savings:
• Max out retirement contributions to lower taxable income.
• Harvest capital losses to offset gains.
• Make final charitable donations for deductions.
• Check withholding and estimated taxes to avoid surprises.
• Time business deductions strategically.
• Review residency, credits, and elections early.

Need personalized help? Our team is ready to assist you in closing out 2025 strong.
visit us www.punitaahujacpa.com

12/29/2025

Tax Update: Deduction for Qualified Tips
For tax years 2025–2028, eligible workers may deduct up to $25,000 of qualified tips from federal taxable income.
-Applies to certain tipped occupations
-Available to employees and self-employed individuals
-Phases out at $150K MAGI ($300K joint)
-Not available for SSTBs under §199A

Reporting & Compliance
Employers and other payors must report:
-Certain cash tips
-The occupation of the tip recipient on IRS/SSA information returns.
Punita Ahuja

12/24/2025

Merry & Bright!

May your holidays be bright and the New Year prosperous!
🎄
Punita Ahuja

12/02/2025

“No act of kindness, no matter how small, is ever wasted.”

Charitable contributions to an IRS-qualified 501(c)(3) public charity can only reduce your tax bill if you choose to itemize your taxes.

11/11/2025

Navigating the New Era of Repatriating Funds: Key Updates for US Taxpayers
The landscape of international money transfers to the USA is shifting, and staying compliant requires a proactive approach. The recent enactment of the "One Big Beautiful Bill Act" introduces crucial changes that will impact both individuals and businesses starting in 2026.
Here’s one should know about the new rules around bringing money back to the US:

The New 1% Remittance Excise Tax
Effective January 1, 2026, a new 1% excise tax will be imposed on certain outbound remittance transfers—money sent from the United States to a foreign country.
* Applies to: Transfers funded by cash, money orders, or cashier's checks.
* Does NOT apply to: Most electronic fund transfers (wire transfers, ACH payments) or transfers funded with a US-issued debit or credit card.
* Implication: Senders of physical cash-based transfers will bear this added cost, making digital/card-based transfers a more cost-effective alternative for many.

10/28/2025

Did you welcome a new baby in 2025? Congratulations! It's an exciting time, and your tax situation just changed for the better. The new "One Big Beautiful Bill Act" (OBBBA) has brought significant tax breaks in 2025 for new parents, including:
* A larger Child Tax Credit (CTC)
* A new "Investment Account “ with a $1,000 government deposit
* Potential for a more favorable "Head of Household" filing status if you're unmarried
Don't miss out on these benefits. A simple step like getting your baby's Social Security number is key.
Visit us at www.punitaahujacpa.com

10/20/2025

Happy Diwali!
May the Festival of Lights bring you and your loved ones happiness, health, and success. We wish you all the best this festive season.
💥💣🎉🎊🎆

Visit us www.punitaahujacpa.com

10/06/2025

FBAR Reminder! 🗓️ The automatic extension deadline to file your 2024 FBAR is October 15, 2025.
Did you have more than $10,000 in foreign financial accounts at any time during 2024? If so, you may need to file FinCEN Form 114.
File your FinCEN Form 114 on time to avoid penalties.

Visit us www.punitaahujacpa.com

10/02/2025

Tax Extension Deadline Reminder: October 15, 2025
The final deadline for individual taxpayers who filed an extension on their 2024 taxes is approaching fast. Ensure your return is completed and filed accurately to avoid penalties.

10/01/2025

IRS Tax Update:
The way you get and send money to the IRS is officially changing.
Starting September 30, 2025, the IRS is phasing out paper checks in favor of electronic payments for most tax refunds and payments.
For your refund:
Most taxpayers must now receive their refund via direct deposit, prepaid debit card, or digital wallet. This shift aims for faster, more secure payments.
For your payments:
While the IRS still accepts checks for now, it's pushing for electronic payments. Use options like IRS Direct Pay or your IRS Online Account for the most reliable service.

Address

36 Tannenbaum Cir
Greensboro, NC
27410

Opening Hours

Monday	9am - 3:30pm
Tuesday	9am - 3:30pm
Wednesday	9am - 3:30pm
Thursday	9am - 3:30pm
Friday	9am - 3:30pm

Website

https://www.punitaahujacpa.com/

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Tax Preparation @ its BEST

PACPA is local CPA firm committed to serve its community. It is around here throughout the year to help people and businesses in US, International & State Taxes, FBAR Filing ,Accounting, Payroll ,Sales tax and business consultancy in timely and innovative manner to exceed client’s expectation.