Atlanta CPA Provides Bookkeeping Advice to Business Owners

Atlanta CPA Provides Bookkeeping Advice to Business Owners

Below is a sample inquiry we might receive from a taxpayer who is looking for financial guidance and support:

Would like to discuss your assistance with monthly bookkeeping as well as helping us stay on schedule when taxes are due, to whom, how much this time, etc. We've been having trouble keeping up with all of this and it seems as soon as we have something figured out they change it and we owe more frequently or something along those lines, which causes us to incur penalties if we don't catch or understand the notice.

We use QuickBooks Premier, and our current accountant does not. They've been taking our info and putting it into their books, then sending us a report. They have not been willing to help us keep our QuickBooks system current, so it is definitely out of date (balances on some accounts are wrong, etc, as they have not been reconciled monthly). I'd REALLY like to have our books (in our own QuickBooks) current and I feel it would make the system more useful to us and make me feel more like I have a better understanding of what's going on around here ;). In Him!

Below is my response:

Using a computerized accounting package which has a balance sheet and profit and loss capability is a great start to being able to track your business transactions accurately and efficiently. Generally speaking for many small businesses QuickBooks is good system and often has much more capability than you will ever need. However this program is not a universal fit for everyone and you should take care to carefully evaluate your needs to ensure that you select a system which will work for you long term. Special consideration, for example, should be given if you need a POS/Point of Sale System, detailed inventory costing/tracking/and valuation, or if your business will require a multiple user system. However for all of our clients we suggest that:

-We both work together to ensure that your books and records reflect all of the ongoing business results and operations and that all adjustments are properly reflected and recorded on your internal books and records.

I recommend that all business owners utilize the services of payroll service as the administrative duties and responsibilities to successfully process payroll to be burdensome. For decades I have known this to be a prudent and wise choice for Atlanta taxpayers.

Being an expert at running your business does not make you one at the responsibility of accounting for your business. By applying our decades of experience we are well suited to guide you to track the financial and operational affairs of your business

Utilizing a payroll service will do much to make this administratively burdensome process more seamless than if you strive to go it on your own. To learn more visit http://www.hiscpa.com/payroll.html  

Knowing what is a legal tax deduction and the documentation thereof is essential to sound business management. To see how you can be ready http://www.hiscpa.com/business-expenses.html

Ensure that your workers are properly classified predominantly to ensure that there are no workers, who are truly employees, that you are in error classifying as employees, visit http://www.hiscpa.com/independent-contratctor.html

To learn more about addressing IRS Tax Issues and Back Tax Returns visit http://www.hiscpa.com/working-with-the-irs.html

John Dillard is an Christian Speaker/Author and an Atlanta CPA. To See how he takes Christ along with him to work visit http://www.hiscpa.com/  and for his latest book Overcoming Life's 9/11's: Job's Journey and a Voice of One: Nehemiah's Prayer visit http://www.john-dillard.com/  or call John Dillard CPA today at 770.814.9304 (All Rights Reserved)

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