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 4/17/10 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.
Posted 4/12/10 at 9:20 AM | John Dillard
Atlanta CPA on Helping America Business Owners on Business Startup Issues. Incorporating and Entity Selection
As a Believer and a CPA, we are all called to do as Jesus did and look to serve others. As we lean not on our own understanding but that of God's we should seek out ways and opportunities to be the very hands and feet of Jesus Christ in a lost and fallen world. Below is sample letter we might receive and our response:
I am a Christian going through many transitions in life. I am soon to be single again, unfortunately, and I need an accountant to help me learn to take care of my personal finances once that takes place.
Posted 4/11/10 at 7:44 AM | John Dillard
Atlanta CPA Encourages Believers to Do Everything You Do as Doing it for the Very Glory of God...Taking Christianity Into the World
Colossians 3:23 Whatever you do, work at it with all your heart, as working for the Lord, not for men.
I had the unique opportunity to meet with two college age men today who had begun a new venture to not only help support themselves a bit but more importantly to be both "Eco-Friendly" and to Help Make a Difference in this World by sharing part of their efforts with others who are less fortunate throughout the world. I was not only honored by their presence but the ability to help donate back to our new generation by offering Godly wisdom, wise counsel and encouragement. For it is when we give back to others that we are most like Jesus Christa and can best answer the question: WWJD - What Would Jesus Do.
Posted 4/10/10 at 9:59 AM | John Dillard
Atlanta Christian CPA Dares You to " Dare to Attempt Something so Great for the Kingdom of God that it is doomed to failure, lest Christ be in it! "
Getting Ready for the Journey of a Lifetime...Taking Christ to the desert of NM
If you will let go and let God, you will be blessed beyond your wildest dreams on our Mission Trip to Serve the Navajo in the desert of New Mexico. As we seek to be the very hands and feet of Christ I am reminded of His words:
John 14:12-14 I tell you the truth, anyone who has faith in me will do what I have been doing. He will do even greater things than these, because I am going to the Father. And I will do whatever you ask in my name, so that the Son may bring glory to the Father. You may ask me for anything in my name, and I will do it.
Posted 4/9/10 at 5:58 PM | John Dillard
Chelsea Carr to Sing at Northpoint Community Church on Sunday, April 11, 2010
Chelsea Carr, my niece and singer extraordinaire is set to sing this coming Sunday at
North Point Community Church | 4350 North Point Parkway, Alpharetta, GA 30022 | 678.892.5000 where some 23,000 plus Believers/Christians worship.
Northpoint Community Church since its inception has looked to bring people into a closer walk with Christ. Now of the Top 5 Churches in the whole of the United States, Northpoint continues to lead in sharing with church leaders (called Inside North Point and available on their web site) free ideas, materials and information to Christian ministry leaders.