Never miss a deadline again
The smart solution to file your US corporate taxes and maintain compliance.
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Never miss a deadline again
The smart solution to file your US corporate taxes and maintain compliance.
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Disclaimer: The conversion rate may vary depending on the exact time of transaction.
Never miss a deadline again
The smart solution to file your US corporate taxes and maintain compliance.
💸 US Tax
Put your tax filing on auto-pilot.
- Simplify your US taxes and filings with a simplified calculation summary.
- Stay ahead of your deadlines with our systematic deadline-tracking system.
- Never lose your previous filings with access to a detailed document history.
📄 Filings
Workflows that enable prompt tax filing.
- Ask and get your queries answered for every filing through Inkle Chat.
- Launch State + Federal Filings and Compliances to stay on top of your deadlines.
⏳ Deadline Tracker
Keep track of every deadline.
- Receive timely alerts for all US State, Federal tax, and compliance deadlines, ensuring you never miss them.
- Share, download, and keep track of all your deadlines.
- Sync tax deadlines with your Calendar App for easy monitoring.
✅ Compliance
Manage all compliances in a single place.
- Get a comprehensive dashboard that offers a bird’s eye view of all compliances.
- View filing statuses and get reminders for upcoming filings.
🤝 Expert Assistance
Access to licensed CPAs.
- Never feel lost in the tax labyrinth.
- Get on-demand help from our experienced CPAs through Inkle Chat.
- Explore the platform's resources with the help of an expert, guiding you all the way.
📄 Document Vault
Get your tax documents organized.
- A secure and centralized storage for all tax documents.
- This simplifies document organization and retrieval for future filings.
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🔥 Team Collaboration
Get the entire team involved.
- Inkle Tax facilitates communication and task delegation within your team.
- This ensures everyone stays informed and involved in the tax process.
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🧑💻 Central tax filing hub
A central hub for all tax filings.
- A tab for managing active and past filings within the product.
- Manage ongoing, completed and archived filings from the past, all in a single place.
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🏢 Entity Tracking
Keep track of every entity of your business.
- An entity system of records creates centralized management for all entities.
- Manage and add your foreign entities for businesses expanding internationally.
- This simplifies tracking of all overseas and domestic entities.
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💲 Affordability
Professional tax management made affordable.
- We provide a cost-effective alternative to traditional CPA services.
- This makes professional tax management accessible for all businesses.
How is this different from SWIFT to Indian Bank transfers?
Other Banks
Popular
Inkle Intragroup
Popular
Flat Fees
20-100$
Zero
FX Markup Fees
Varies 80-160 bps, average ~ 120 bps over mid-market
Fixed at 25 bps over mid-market
Payment Method
SWIFT only (expensive)
US Domestic (FedWire/ACH Credit)
Speed
1-3 working days
T+1 settlements
Transparency
No visibility on benchmark rate, settlement rate & time
Up-front FX rates and settlement times
Compliance
Paperwork, email from banker
Pre-fix purpose code, get and store free Payment Advice/FIRA
Accounting
End of year hassle to generate and reconcile invoices against payments
Reconciliation against invoices as you go, standard good practices
Banker Calls
Calls, emails from RM for disposal instructions
We will never call you
Support
No dedicated support or guidelines
Complete assistance and support via Inkle Chat
FAQs
How funds are moved?
We open a Virtual Account with JP Morgan Chase for your Indian entity. You need to make a domestic wire from US Bank A/C to this Virtual Account, and then funds are credited in INR in Indian Bank A/C after currency conversion. Funds do not touch Inkle anywhere.
Is this only about fund transfers? What else is included?
No, it also includes compliance. You can pre-fix the purpose code and download e-FIRA for free from the dashboard to claim GST exemptions.
What fees are charged? Is GST applicable on fees?
There is a flat 0.25% forex markup fee on live mid-market rates. There are no other hidden fees, such as flat fees or GST deductions. Since we don't charge a flat fee, GST is not applicable.
What is FIRA? Why is it required?
Foreign Inwards Remittance Advice (FIRA) is a document used in the Indian cross-border payments context. It is used as proof of a foreign currency conversion to Indian Rupees. FIRA is required to claim a GST refund for services or goods exported from India. We provide you with a free FIRA on your dashboard for every transfer, simplifying the process for you.
What is a transfer pricing benchmarking study & audit? How often is this required?
A Transfer Pricing Benchmarking Study is conducted to determine the margin rate for transactions between the related parties. It is required annually from the second year of starting such transactions. A Transfer Pricing Audit (Form 3CEB) is a mandatory annual report that companies engaging in Transfer Pricing must file with the Indian tax authorities. Inkle can help you with both of these processes through our network of empaneled CA firms.
What is a Letter of Undertaking (LUT) filing for exporters?
Companies exporting goods or services from India need to furnish a Letter of Undertaking (LUT) on the GST portal. This allows them to make these exports without paying IGST upfront. It is recommended to include the LUT Application Reference Number (ARN) on the Transfer Pricing invoice.
Here's a sample Invoice: drive.google.com/file/d/1sHgIx7AwswLQkUYnAaiGudN7ZMCh4XSi/view?usp=sharing
![10 Tax Deductions for Independent Contractors [2024 Edition]](static/picture/6694c8ff757338eefb4291c1_Tax deductions for independent contractors.svg)
