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Aparna Devalla, CPA

Partner, Tax & Accounting, Rubric Financial

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About Aparna

Aparna is a Partner at Rubric Financial and leads the firm's tax and accounting practice. She is a licensed Certified Public Accountant (CPA) with decades of experience in U.S. federal and state taxation, accounting, and banking.

Aparna's work spans business and personal tax preparation, multi-state nexus and sales tax, payroll compliance, K-1 and pass-through taxation, estate and gift planning, and U.S.–India cross-border tax (FBAR, PFIC, treaty positions, Form 5471/8865). She reviews and signs every tax filing the firm produces.

She works directly with business owners, professionals, and high-income individuals — turning complex compliance work into clear, predictable monthly cadence.

Guides by Aparna

Tax

S-Corp vs. LLC for Small Business Owners

When the S-corp election actually saves money for an LLC owner, and when it costs more in headaches than it pays in taxes.

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Tax

K-1 Income: What It Is and How to File It

If you're a partner, S-corp shareholder, or LLC member, you'll get a K-1. Here's how to read it and where each number lands on your 1040.

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Accounting

When (and How) to Switch From Cash to Accrual Accounting

Cash basis is simple but lies about timing. Here's when accrual is required, when it's just smart, and how to switch.

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Tax

Multi-State Sales Tax for Remote and Online Businesses

Wayfair turned every remote-sale state into a potential tax obligation. Here's how to know where you owe, register, and stay clean.

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Tax

Quarterly Estimated Tax for Self-Employed and Business Owners

If you're not on a W-2, the IRS expects four prepayments a year. Miss them and you owe penalties even if you pay in full at filing.

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Tax

AMT, ISOs, NSOs, and RSUs: A Survival Guide

Equity comp tax is where high-income professionals lose the most money — usually to AMT. Here's the framework for each instrument.

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Tax

California Small Business Franchise Tax Explained

The minimum $800 every California entity owes — and the layered taxes that surprise founders who form here without thinking it through.

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Accounting

Month-End Close Checklist for Small Businesses

A repeatable monthly close cadence — what to reconcile, what to accrue, and how to know your books are actually done.

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Payroll

Multi-State Payroll Setup for Small Businesses

One remote employee in another state means new tax registrations, withholding rules, and compliance work. Here's the playbook.

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Payroll

Contractor (1099) vs. Employee (W-2): The IRS Test

Misclassifying employees as contractors is one of the most common — and most expensive — small business mistakes. Here's how the IRS decides.

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