POST PUBLISHED INSeptember, 2009
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  • Utilizing the Incorporation Process of Your Entrepreneurial Based Business

    September 30th, 200909:28 AM ET
    By John Dillard
    Utilizing the Incorporation Process of Your Entrepreneurial Based Business So you have started a new business and now need tax advice to take your business to the next level and to ensure that you set up as the correct/best legal entity type for your new Georgia business. Choosing to incorporate your business as a corporation will do much to prote...

  • Ensuring You Have Sufficient Documentation to Prepare Your Personal Income Tax Return

    September 29th, 200910:06 AM ET
    By John Dillard
    Ensuring You Have Sufficient Documentation to Prepare Your Personal Income Tax Return Failing to Prepare is Preparing to Fail. When preparing your data to present to your CPA, it is one of the best times to ensure that you have all of the required documentation as well as to ensure that every legal, an no illegal, deductions are claimed. On t...

  • Filing of Old/Back Tax Returns with the IRS

    September 28th, 200908:14 AM ET
    By John Dillard
    Filing of Old/Back Tax Returns with the IRS Setting reasonable and correct expectations with both the taxpayer and the IRS are essential to successful IRS representation. Looking to the future with a firm schedule in mind is paramount in helping both taxpayers both commit to a plan and to manage expectations. Knowing how long it will take a client...

  • Faith in Action...Navajo Family Missions Series Day 3... Taking Christianity Into the World

    September 27th, 200908:42 AM ET
    By John Dillard
    Faith in Action...Navajo Family Missions Series Day 3... Taking Christianity Into the World This is Day 3 of the Navajo Family Mission Series of our Weekly Family Trip To Serve the Navajo People of Pueblo Pintado. It is about sixty people who for an entire week lay down their jobs, vacations and responsibilities to be the very hands and feet of Ch...

  • Telling the Truth: Don't Let Others Lead You to Sin:...Taking Christianity Into the World

    September 26th, 200902:01 PM ET
    By John Dillard
    Telling the Truth: Don't Let Others Lead You to Sin:...Taking Christianity Into the World As Believers our first responsibility is to Jesus Christ and therefore our responsibility is to obey the Bible and its precepts. Though the world will do much to blur the lines between truth and fantasy, our calling and our obedience requires us to be not of ...

  • Duluth CPA Provides Resources for America's Entrepreneurs

    September 25th, 200910:49 AM ET
    By John Dillard
    Resources for America's Entrepreneurs New Business Set Up All Phases of Their New Tax and Legal/Incorporation Responsibilities Working with the many nuances of the incorporation process if not for the meek of heart or for the unprepared. It is always prudent to first talk with a CPA in a face-to-face meeting to ensure that you pick the legal oper...

  • Readying Your Business's Internal Financials Ready for an Audit, IRS Representation Issues or Submitting an IRS Offer in Compromise

    September 24th, 200908:01 AM ET
    By John Dillard
    Readying Your Business's Internal Financials Ready for an Audit, IRS Representation Issues or Submitting an IRS Offer in Compromise Although it is tempting to address a crisis only when it arrives, it is much more prudent to be aware and ready for events before they come issues for failing to prepare, is preparing to fail. However it is often when...

  • Sunday: Honoring the Sabbath...Navajo Family Missions Series Day 2... Taking Christianity Into the World

    September 23rd, 200905:25 PM ET
    By John Dillard
    Sunday: Honoring the Sabbath...Navajo Family Missions Series Day 2... Taking Christianity Into the World "He must become greater; I must become less." John 3:30 This is Day 2 of the Navajo Family Mission Series of our Weekly Family Trip To Serve the Navajo People of Pueblo Pintado. It is about sixty people who for an entire week lay down their jo...

  • Duluth CPA Advises on Incorporating Your New Business

    September 23rd, 200908:07 AM ET
    By John Dillard
    Duluth CPA Advises on Incorporating Your New Business Understanding the many nuances of the incorporation process if not for the meek of heart or for the unprepared. It is always prudent to first talk with a CPA in a face-to-face meeting to ensure that you pick the legal operating entity that is best for you business, its operating goals and to ke...

  • Walking the Walk...Navajo Family Missions Series Day 1... Taking Christianity Into the World

    September 22nd, 200909:43 AM ET
    By John Dillard
    Walking the Walk...Navajo Family Missions Series Day 1... Taking Christianity Into the World I chose to fight the good fight and to further to kingdom of God. This is Day 1 of the Navajo Family Mission Series of our Weekly Family Trip To Serve the Navajo People of Pueblo Pintado. It is about sixty people who for an entire week lay down their jobs...

  • Preparing Your Internal Books for Your Entrepreneurial Business

    September 21st, 200908:56 AM ET
    By John Dillard
    Preparing Your Internal Books for Your Entrepreneurial Business Many business owners struggle with the preparation of their own internal financial statements. It is widely believed that if a CPA can help a client keep their own internal books current and correct that a business owner will help mitigate CPA fees as well as having more reliable inte...

  • Serving God... Navajo Family Missions Series Introduction...Taking Christianity Into the World

    September 20th, 200908:59 AM ET
    By John Dillard
     Serving God... Navajo Family Missions Series Introduction...Taking Christianity Into the World Serving the One True God in the Desert of the Navajo This is first of the Navajo Family Mission Series and the introduction to our Weekly Family Trip To Serve the Navajo People of Pueblo Pintado. It is about sixty people who for an entire week lay...

  • Utilizing Financial Statements for Your Recently Incorporated S Corporation or LLC

    September 19th, 200904:51 PM ET
    By John Dillard
    Utilizing Financial Statements for Your Recently Incorporated S Corporation or LLC When I am working with a client to help them understand the many business and tax nuances associated with preparing their own internal financial statements, it is the best time to help a client understand both the financial and tax impact of business decisions ...

  • Incorporating and /Flow Through Entities: S Corporations vs. LLC's...Not all Entities Are Created Equal

    September 17th, 200908:37 PM ET
    By John Dillard
    Incorporating and /Flow Through Entities: S Corporations vs. LLC's...Not all Entities Are Created Equal For the most important tax issue you will ever make you will want to be sure to seek out wise counsel who can best guide you through which entity type will be best tax-wise for your business. Though you are not locked into any selection forever,...

  • IRS Tax Representation 101

    September 17th, 200908:42 AM ET
    By John Dillard
    IRS Tax Representation 101 Meeting all of our clients face-to-face both initially and for all strategic meetings is a critical component of a successful IRS Representation experience. Keeping our hands on the pulse of the work flow, being attentive to every important and essential detail and a keen awareness both of your facts and IRS tax law are ...

  • Critiquing Corporate & Personal Income Tax Returns

    September 16th, 200909:42 AM ET
    By John Dillard
    Critiquing Corporate & Personal Income Tax Returns When your CPA is preparing your corporate and personal income tax returns, it is at this point that a teaching CPA has the best opportunity to teach and educate clients. It is at this time when a client ask many specific questions relative to their corporate and personal income taxes, expenses...

  • 100%/Civil Penalty When Addressing IRS Representation Issues & an Offer in Compromise

    September 15th, 200910:20 AM ET
    By John Dillard
    100%/Civil Penalty When Addressing IRS Representation Issues & an Offer in Compromise When you are readying yourself for IRS Representations Issues, Getting an Installment Plan Established, or when submitting an Offer in Compromise it is prudent to be aware of have already assessed to the taxpayer any and all 100%/Civil Penalties so that your ...

  • Free Tax Information for American Business Owners & Entrepreneurs

    September 14th, 200912:19 PM ET
    By John Dillard
    Free Tax Information for American Business Owners & Entrepreneurs 152,000 Visitors to www.HisCPA.com (A Metro Atlanta CPA Firm) in 2009 So far this year 151,778 visitors have been to www.HisCPA.com to gain needed tax advice salient to a wide variety of tax issues. These visitors have not only gained critical tax advice but have also spent a t...

  • Tax Nuances/Deductibility of Fringe Benefits of S Corporations or LLC's That Have Elected to be Taxed as an S Corporation

    September 11th, 200907:51 AM ET
    By John Dillard
    Tax Nuances/Deductibility of Fringe Benefits of S Corporations or LLC's That Have Elected to be Taxed as an S Corporation For S Corporations or LLC's who have been elected to be taxed as an S Corporation there are certain tax nuances for all those owners who own more than two percent of the company. Tax law has long held these rules, though their ...

  • Addressing 9/11...Taking Christianity Into the World

    September 10th, 200902:39 PM ET
    By John Dillard
    Addressing 9/11...Taking Christianity Into the World Our life is full of challenges and Facing each and every one of our 9/11's is essential to overcoming this world, being a Believer, and our Christian Walk. Overcoming Life's 9/11's: Job's Journey God's Way of Overcoming Obstacles in Your Life The First Volume of John Dillard's Inspirati...

  • Tax Forms Available for Individual Taxpayers On-line

    September 10th, 200908:41 AM ET
    By John Dillard
    Tax Forms Available for Individual Taxpayers On-line For taxpayers who have to file old tax returns the IRS has forms available 24/7 at http://www.irs.gov/formspubs/article/0,,id=98339,00.html for the tax years 1980 to 2008. There you can find tax forms to prepare your corporate and personal income tax returns. Also many states have tax forms avai...

  • Utilizing the First-Time Home Buyers Credit: What Would You Do With $8,000?

    September 09th, 200908:30 AM ET
    By John Dillard
    What Would You Do With $8,000? Utilizing the First-Time Home Buyers Credit What if the government decided today that, instead of bailing out Wall Street, it was going to give every American $8,000? What would you do with the money? For most Americans, paying off credit card debt would be a great way to use the free money. According to a Nilson Re...

  • Understanding Tax Benefit of C Corporations vs. the Tax Savings Afforded by S Corporations

    September 08th, 200912:01 PM ET
    By John Dillard
    Understanding Tax Benefit of C Corporations vs. the Tax Savings Afforded by S Corporations For the past several decades as an Atlanta CPA I have been bombarded by new business owners seeking to understand the tax benefits of a C Corporation versus the permanent income tax savings afforded an S Corporation. To this cause, I recently received this i...

  • Determining if You Should Convert Your LLC Over to a S Corporation

    September 07th, 200905:25 PM ET
    By John Dillard
    Determining if You Should Convert Your LLC Over to a S Corporation One of our past inquiries to our web site was regarding entity selection issues and their judicious application. Below is the inquiry we received: I am starting a new Georgia S Corp (changing from a Georgia LLC) and need to gain a business bank acct and make sure many of...

  • Tax Answers You Can Use: Not More Data That Needs Interpreting Taught by Atlanta CPA

    September 05th, 200909:16 AM ET
    By John Dillard
    Tax Answers You Can Use: Not More Data That Needs Interpreting Having served as a Metro Atlanta CPA for twenty eight plus years, I still see clients/taxpayers seeking specific guidance that is specifically tailored to them and their needs rather than a "pat/standard program" geared towards the needs of the CPA. Recently I received an inquiry from ...

  • Addressing Tax Assessments from Georgia/States While Addressing an IRS Audit

    September 04th, 200908:51 AM ET
    By John Dillard
    Addressing Tax Assessments from Georgia/States While Addressing an IRS Audit When Uncle Sam Comes Knocking and the IRS is auditing your return, often the issues get even more complicated when states assess tax monies based upon the preliminary figures given to them by the Internal Revenue Service. This is especially problematic, when the IRS has i...

  • Duluth CPA on Back Takes: Helping Taxpayers Not Lose their IRS Refund

    September 03rd, 200907:10 AM ET
    By John Dillard
    Back Takes: Helping Atlanta Taxpayers & Beyond Not Lose their IRS Refund IRS Tax Law has held/ruled for decades that refunds that are for old tax returns, for more than three years after their original due date, are not refundable to taxpayers. Conversely the IRS has ten years to assess and collect taxes for unpaid monies for ten years. Essent...

  • Submitting an Offer in Compromise by Utilizing a Offer Cover Letter

    September 02nd, 200910:12 AM ET
    By John Dillard
    Submitting an Offer in Compromise by Utilizing a Offer Cover Letter Having served as a Gwinnett County CPA for decades, I have learned that anticipating questions before they are asked by the IRS, knowing what to expect and developing both reasonable expectations with both the Internal Revenue Service and a client are essential to successful deali...

  • Marketing Strategies: Business 101

    September 01st, 200910:02 AM ET
    By John Dillard
    Marketing Strategies: Business 101 Achieving Business Excellence Our faith requires us to do more than just the status quo. We are exalted as Believers to do everything as if doing it for the glory of the Lord. Excellence is not for the faint hearted nor is it for those who are just trying to get by. As Christians, we are called to do our best in...
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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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  • John Dillard is an author and Certified Public Accountant. To See how he takes Christ along with him to work visit www.HisCPA.com