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 4/20/10 at 11:06 AM | John Dillard
Christian CPA Encourages Business Owners to find a CPA Who Works For You
Keep Your Tax Bill As Low as Legally Possible: Only You Can Prevent Undue Tax Burdens
If you are a new business owner/entrepreneur you will want to work with a CPA who cares more about the world than his business. Although attentiveness to your needs and responsiveness to you are critical to your success, our work lives are not how we are all going to be remembered. Is your CPA regularly involved in giving back to the community, do they have an active local or overseas ministry that they actually participate in and support? Do they help the elderly or oppressed in the community, are they involved in the local PTA are they centrally involved in striving to make this world a better place for us all?
As you make a decision for your business's CPA, you make one not only for yourself but those who are depending on you as well. These people include not only your family but also the family of your employees as your business and your own financial success depend on it. Below is a sample letter might we might use to keep clients aware of tax law and to ensure that their taxes are properly prepared and that their lowest legal possible tax was paid:
Posted 4/19/10 at 12:26 PM | John Dillard
Atlanta CPA on Understanding/Utilizing the Earned Income Credit to Lower Your Personal Income Tax
Keep Your Tax Bill As Low as Legally Possible: Only You Can Prevent Undue Tax Burdens
The earned income credit (EIC) is a tax credit for those who work and have earned income/Adjusted Gross Income (AGI) less than $48,279. Tax Credits usually means less tax owed/more money in your pocket. It mitigates the amount of tax you owe. The EIC may also generate a refund.
Posted 4/18/10 at 1:49 PM | John Dillard
Bugs4Christ.webs.com on KLOVE Radio
KLOVE Radio called John Albrycht for a radio interview. They found out about us through an article you posted in The Christian Post. The interview will be played during their broadcasts on KLOVE and AIR1.com tomorrow. Thanks for what you are doing to get the word out. I got a good segment in there about the Mission Trip!
In the fall of 2006, John Albrycht, the Youth Pastor at Plentitude Baptist Church involved his youth group in the secret restoration of a 1971 VW Beetle. The project was dubbed "Bugs4Christ" and the Beetle soon became an object lesson in how God wants to restore our hearts to a right relationship with him. John wanted his youth to understand the mandate of Hebrews 10:23-25: "Let us hold unswervingly to the hope that we profess, for He who promised is faithful. And let us consider how we may spur one another on toward love and good deeds. Let us not give up meeting together, as some are in the habit of doing, but let us encourage one another and all the more as you see the Day approaching!" He wanted his youth to feel the power of encouraging others by restoring and giving the gift of unconditional love to the owner of the vintage car. Since that first incredible project, the members of this ministry have been involved in several other restoration projects. They are nearing the completion of a blue customized 1972 Super Beetle and they have just begun the restoration of another 1971 Super Beetle.
Posted 4/18/10 at 1:46 PM | John Dillard
Transforming Lives/Growing/Seeking God's Best for Our Lives
We are called by Christ to humble ourselves and in so doing seek to lay down our life for the needs of others. Just as Christ came to serve the world, we are called to Imitate his actions, emulate His love and join in the Body of Christ to be the very hands and feet of Jesus Christ. Join us for a weekend as we seek in Hope & Faith to be more like Him, to eliminate Fear in our lives, and to Boldly Stand Strong.
Jesus calls us, His people, to be a light unto the world, while knowing that our power is made perfect only in His will. As we seek to fulfill God's destiny for our lives, we find a peace that surpasses all understanding. God calls us to listen and in order to do that our mind needs to be still and focused on our Creator, for Faith is "not in knowing that God can, but that God will."
Posted 4/17/10 at 10:33 AM | John Dillard
Atlanta CPA on Advises on Back Taxes and Tax Problem Resolution for America's Taxpayers
For those in the midst of addressing IRS tax issues and trying to evaluate between an Offer of Compromise or an Installment plan, frequently the options look bleak, as often they are. However there is good news for those who are desirous to look "outside the box" in looking to solve your IRS tax problems. Knowing the ins and outs of varying programs will do much to help you know what is in your best interest. My best advice is to encourage personal or business taxpayers who owe more than $10,000 to the IRS or GA/State is to seek out a CPA who is well experienced in such matters. Below is a sample letter that might be sent on behalf of a business client seeking to address unpaid payroll taxes, unfiled reports and Civil Penalty Assessments:
Posted 4/15/10 at 4:52 PM | John Dillard
Atlanta CPA Reminds America Taxpayers that D-Day is Today
Today is the last day for individual taxpayers to file and pay their 2009 Personal Income Taxes. There is no "Pass Go" or "Free Pass" as taxpayers are required to "settle up" and pay what they owe and to have it post marked today.
For taxpayers who will not be filing their return today, they can use IRS Tax Form 4868 to pay any taxes owed and to legally extend the time for the filing of their personal return for six months, until 10-15-10.
Posted 4/14/10 at 4:18 PM | John Dillard
Atlanta CPA Advises America Business Owners on Tracking Your Internal Books & Records
Staying away from common mistakes will greatly assist you in the proper preparation of your tax return, will help you avoid unnecessary IRS tax penalties and interest, and help you keep your tax bill as low as legally possible. Learn and discover how long and what types of records you should retain and for how long are often the point of consternation for many taxpayers. Know what you need to keep so that you are never unduly surprised if ever asked to reproduce documents. Below is a sample letter we might send to clients to help ensure that their internal books and records are complete and to thus ensure that a taxpayers lowest legal possible tax is paid. Good bookkeeping and accounting is the first step to ensure prudent and wise tax mitigation. FULL POST
Posted 4/14/10 at 8:35 AM | John Dillard
Atlanta CPA Reminds America's Taxpayers that Personal Taxes are Due April 15, 2010
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/IRS Form 4868. 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.
Posted 4/13/10 at 5:13 PM | John Dillard
Atlanta CPA on Helping America Keep Your Tax Returns Simple
Pay Only Your Lowest Legal Possible Tax
The first page of Form 1040 is used to calculate the taxpayer's adjusted gross income. While many people think of their income as what is reported on form W-2, there are some other additions (and possibly some deductions) that have to be made as well. Itemizing deductions on your personal return can result in paying a smaller tax. However the rules on what can be deducted and what can't are fairly strict. Using a guide/CPA and a tax checklist are your first step to ensuring that an accurate fair and just return and to ensure that you pay only your lowest legal possible tax. Below is letter we might utilize to help a client ensure their returns are both complete and correct:
Posted 4/13/10 at 8:03 AM | John Dillard
Atlanta CPA on Using Estimated Tax Payment Forms/IRS Form 1040ES
Perhaps the most common error is the failure of taxpayers to anticipate their current year's taxable income and to plan ahead by paying the IRS and state taxes as the income is earned. Failure of taxpayers in any of the above areas will also negatively impact their ability to plan for and pay their taxes on a timely basis. Also the U.S. tax system is a graduated system in which the marginal tax rates increase as does a taxpayers income. Taxpayers fail to see their return as the dynamic calculation that it is, as income and lifestyle changes and tax law continually impact a taxpayer's final calculation of tax liability.