John Dillard is an author and Certified Public Accountant. To See how he takes Christ along with him to work visit www.HisCPA.com
Posted 5/13/10 at 8:06 AM | John Dillard
Top Tax Tips for America's Business Owners & Entrepreneurs
Recently we have picked up several new accounts who were also business owners and therefore had substantially more than a taxpayer who predominantly had mortgage interest and charitable contributions. It is widely recommended that all business owners use a CPA who is well experienced with the nuances and tax reporting for small business owners and entrepreneurs. Below is a sampling of the types of issues that have occurred on those returns in elevating those situations to proper bookkeeping, recording and compliance with tax issues.
A C Corporation that can legally convert to an S Corporation to avoid the double taxation of filing as a C Corporation/Form 1120.
Posted 5/11/10 at 7:55 AM | John Dillard
Finding Our Way to God
Taking Christianity Into the World
Frequently when we try to share God's love with others we get tongue tied as we strive to me more insightful than we need be. When Jesus walked the earth it seemed as if He made all of the complicated things we see; simple.
John 14:6 Jesus answered, "I am the way and the truth and the life. No one comes to the Father except through me."
Posted 5/10/10 at 1:32 PM | John Dillard
Seeking God's Power With All of Your Mind, Body & Spirit
Taking Christianity Into the World
When our family was first asked to lead a Family Mission Trip, we immediately began praying the prayer of Jabez and that God might allow us to have a dramatic impact on the reservation and in the heart and lives of the Navajo.
Be Bold In Your Faith: Call on God for Miracles
Posted 5/9/10 at 3:16 PM | John Dillard
Daily Devotions for Mission Trips
Spiritual Journey Ahead -- Day 1
Over the next several days our focus on taking each of you on a spiritual journey of a lifetime and one I promise, that if you let go and let God, that you will never forget. During our trip and beforehand in prayer, we have readied ourselves for the journey ahead. Our Journey and our Spiritual Walk is designed to take your Faith to yet a higher level still. Our journey will be one for ALL of us, from the youngest to the most wise. As you ready yourselves for this week, spend time going in prayer and thanksgiving for the miracles of faith and growth that God has in store for each and every one of us.
We are called to be the Hands and Feet of Jesus Christ himself on this trip, and we need all of our friends and fellow Believers praying for us and we set out on our journey as we ready ourselves for the calling on our lives. Our mission is to empower ourselves through knowledge, to grow deeper in our faith, to become a disciple and missionary in our everyday living, and to teach others.
My goal for each of you is tremendous spiritual growth and awakening of the Holy Spirit in you that you have never before experienced. Pray with me that God blesses and uses us to do His bidding. Be ready! Be prepared! God is about to do great and marvelous things through and with YOU!!!
Tell Everyone -- Day 2
"Therefore go and make disciples of all nations, baptizing them in the name of the Father and of the Son and of the Holy Spirit, and teaching them to obey everything I have commanded you. And surely I am with you always, to the very end of the age." Matthew 25:19-20
Posted 5/9/10 at 2:01 PM | John Dillard
Christian CPA on Navajo Family Missions...Taking Christianity Into the World
I have always wanted to join a Ladies Bible Study....if you would let me I would like to join you for a portion of your next meeting. If you would like we can plan here.
It still appears from our past efforts there that ladies and not the guys are going to be the ones that will grab the cross of Jesus and carry it to all the Navajo, but I believe we have to ready them for the journey. There are several thoughts that I want to explore with you including:
Having a Sunday School Class here at SUMC adopt and support them with materials, prayer and interaction.
Posted 5/6/10 at 9:04 PM | John Dillard
Atlanta CPA Advises Business Owners on Preparing a Profit and Loss
A well presented Profit & Loss will be broken out in the sales section, cost of goods sold, and general and administrative expenses. Many businesses will break out their sales and cost of goods sold accounts into several categories that might be useful for review and analysis.
In evaluating your company's financial, it is usually best to review your profit and loss being sure to show the current period under review as well as the year to date totals. This will have the added advantage of reviewing specifically the most current operations for any significant variances or trends as well as contemplation of where you stand vs. your annual and year to date goals. Your financials are best reviewed and presented when you also add a column which calculates items as a percentage of sales which allows the reviewer to have a good grasp/rule of thumb of which to measure operational results.
Posted 5/6/10 at 10:50 AM | John Dillard
Christian CPA Advises on Top 10 Ways to Avoid an IRS Audit
How to Have Success With Your IRS Representation Issues
Being sure that you are sure is the best way to ensure that you are not unnecessarily exposed to an IRS Audit. These simple reminders will do much to ensure that you are not unduly surprised if an audit occurs. The Top 10 Ways to Avoid an IRS Audit are: FULL POST
Posted 5/5/10 at 10:23 AM | John Dillard
Atlanta CPA on Fixing Back Taxes and Installment Plans with the IRS
Tax law for a layman is most difficult to understanding tax law and even harder yet to adequately to adequately interpret and apply it. To that end documentation, sound written and verbal communication are essential to ensuring that all involved in addressing sensitive tax issues are well informed and versed on the many nuances affecting individual tax decisions. Understanding the "ripple effects" of business/tax decisions is essential to successfully resolving back taxes/tax issues for Atlanta taxpayers. Below is a sample of the correspondence that might be sent to assist a taxpayer when considering setting up an Installment Plan with the IRS:
Posted 5/4/10 at 8:23 AM | John Dillard
Atlanta CPA on Missions: Do You Want a Good Week or to Make a Difference in People's Lives
Taking Christianity Into the World
God asks us to excel in all things. As a Believer I think that requires us to do our very best at work, school, home, chores and essentially everywhere we go every second of the day. However there is perhaps no greater calling than when we tells others the good news of Jesus Christ. For the last three years my family and I have been blessed to serve the Navajo People. There is no greater calling, than laying down our lives and seeing to the needs of others. In answering this call, we first sought to be bold in our faith and to excel at all levels of our trip. When Jesus summed up the Bible he told us to love others as we love ourselves and to love our Lord with all our heart and mind. It was to this end we set out to SERVE the wonderful and blessed people and our Native Americans the Navajo.
Posted 5/3/10 at 1:57 PM | John Dillard
Atlanta CPA Reminds Taxpayers To Keep Working on Your Personal Returns
The initial due date for personal returns is April 15. For returns not filed by that date both the IRS and GA allow for a six month extension. Please be reminded that there are no valid extensions after the October 15 final due date lapses. Please be reminded that an extension to file is not an extension to pay and that you are required by tax law to pay applicable taxes as the monies are earned or you will be subject to additional penalties and interest. When processing personal returns our primary concern is both accuracy and ensuring that ever taxpayer pays only their lowest legal possible tax. Below is a sample letter that we might send to encourage taxpayers to forward all of the necessary documents and information required to properly file the return: