John Dillard is an author and Certified Public Accountant. To See how he takes Christ along with him to work visit www.HisCPA.com
January 14th, 2009 07:57 AM ET
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Atlanta CPA Teaches Corporate Tax Returns

What Does a Christian Business Owner and CPA Interface with Corporate Tax Returns

By first agreeing to submit to authority we are to honor the laws of our land. This means obeying our federal and state governments, our President, our elected and nominated officials, our police and all others who stand in the position of authority. Jesus did not say to obey those in authority when we felt like it, when it benefited our interests, or when it was convenient, he stated that we should do it all the time.

Matthew 22:21
"Caesar's," they replied. Then he said to them, "Give to Caesar what is Caesar's, and to God what is God's."

As a Christian CPA

As a Christian CPA my first responsibility is to God and my faith, then my family and friends, and then to my work. In fact I have had on my office door for almost a year now signage denoting this order both in terms of order but also in size the order of how I understand God's truth and desire for our lives. Below Family on this list and in equal importance is school, work and friends for there are times when each should take priority depending upon age, importance and time issues. And then below these issues I believe our hobbies, interests, and volunteering should be placed.

Corporate Income Tax Returns

When preparing Corporate Income Tax Returns for clients I sign each return under penalties of perjury acknowledging that to the best of my belief that the returns are accurate as prepared. To me this means so much more than just the acknowledgement listed up also to the intent of the law as well as to the protection of my client. To this end I believe this makes me responsible to also be sensitive to many other issues such as:

Intent. Being sure that to the extent that I can that I ensure that everything on the return makes fiscal and business sense. For example, it would not be prudent to sell goods that your company manufactures for less than would be required to earn a just and fair profit as well as any required amounts to cover fixed operating expenses. For a business expense to be deductible it has to incurred in the normal course of running the business, a necessary and required expenditure, and the intent of the expense should be to make more money. Just as no business owner would want to incur expenses frivolously, so should a business owner evaluate monies spent to determine their validity. To read more visit our Business Expense Documentation article below.

Reasonableness. Expenses should be reasonable for too many reasons to list but to wit, I will highlight a few. First and foremost, business monies should be well protected and safeguarded to ensure that all monies are well spent and necessary expenditures. Helping clients find all of their available tax deductions is an important part of this process to ensure that all valid deductions are taken. To see how you might be leaving available deductions "on the table" visit the below articles

A Christian CPA is one who looks to help others by offering free initial consultations (http://www.hiscpa.com/initial-meeting.html) and indeed gives back to their community. To see how His CPA does this visit www.hiscpa.com/giving-back.html To see how God led John Dillard CPA to become a Christian CPA firm visit www.hiscpa.com/christian-CPA.html God is indeed good and looks after us and both our short term needs and desires and we are best in his will when we seek to walk boldly in our faith. If you would like to explore a Duluth Christian Men's Group looking to take these principles to the streets you can read more at www.hiscpa.com/blog/2009/01/04/christian-business-mens-group/

Romans 1:1 "Paul, a servant of Christ Jesus, called to be an apostle and set apart for the gospel of God."

Tax Deductions for Businesses

Finding (and Tracking) Business Tax Deductions
Whether you are a new business owner or have owned your company for years, missed business deductions are a consistent cause of concern. Discover new ways and methods to improve your business tracking skills.

Business Expense Documentation
Business expenses and their adequate documentation is key to running a successful business. Learning the ins and outs of what is required will both raise the efficiency of how you run your business and ensure that you always have proper documentation in the event of an audit.

Handling Automobile Expenses
Vehicle expenses are perhaps the most discussed while still being the least understood of all the tax code sections. Read how this section of tax law can be made simple so that all might understand.

John Dillard (a Gwinnett County, GA CPA firm) is an author and Certified Public Accountant (All Rights Reserved). To See how he takes Christ along with him to work visit http://www.hiscpa.com/ (a Christian CPA firm) and for his latest book Overcoming Life's 9/11's: Job's Journey visit http://www.john-dillard.com/ 

"Dare to Attempt Something so Great for the Kingdom of God that it is doomed to failure, lest Christ be in it!"

Preparing the S Corporation Income Tax Return K-1 A Guide How to Guide to Prepare a K-1

We advise clients on: IRS representation, Offer in Compromise, Tax Problems, Incorporation in Georgia, Corporate and Personal Income Tax Returns, Part-time CFO, Virtual Controller, Business Planning, Payroll Administration, Bookkeeping.

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About this blog
John Dillard, an author and Certified Public Accountant, serves HIM by serving you with his expertise in this blog... one tax return at a time!
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