Posted 2/26/10 at 7:01 AM | John Dillard
Atlanta CPA Offers Tax Guidance to Running Your Atlanta Business
Understanding the nuances and issues affecting business owners is essential to the efficient running of a business. Below is a sample excerpt that I might receive addressing unpaid Atlanta Back Taxes, Setting up an Installment Plan with the IRS, filing of payroll tax reports and their impact on the filing and payment deadlines of corporate income tax returns.
I am killing myself trying to get 2009 finished. I'm not sure what the deal is with the bookkeeper but I've had to make a change. I finally was able to get my payroll file yesterday only to discover they did not file 941's for the last 3 quarters of 2009 or GA withholding for the last 2 quarters. What a mess! I was up late last night doing those. Thankfully the bookkeeper had made some payments online and we are overpaid for the year on 941 tax. I am so in over my head right now trying to handle the day-to-day office stuff while catching up the accounting side.
Posted 2/25/10 at 6:34 AM | John Dillard
Atlanta CPA Firm Advises on How to Determine if You Have a Valid and Legal Business
Recently I received an inquiry from a taxpayer who acknowledged that on prior tax returns they had traded stocks for their own account and claimed business expenses on their Schedule C as part of their Form 1040. Claiming business expenses for a personal activity are not allowed as tax law defines items such as hobbies or similar like activities as personal in nature. To qualify as a legitimate business the purpose of the enterprise must be for the production of income, to serve other clients with the ultimate goal of making a reasonable profit and likelihood.
Posted 2/24/10 at 7:56 AM | John Dillard
Atlanta CPA Firm Advises Atlanta Business Owners/Entrepreneurs on Keeping Your Internal Books and Records Current and Correct
Financial statements are often misused and abused. They are often ornately presented with accountant's opinions ranging from audits to compilations. Often we even find a statement of cash flows and financial footnotes. I believe that financial statements without narratives, analysis of trends, and a review of expenditures are nothing more than formal proof that the bank account has been reconciled and that everything balances. Data without thorough critique is useless.
What do these statements tell us? Numbers and data when prettily presented often are an accountant's representation of the financial status of an entity. Below is a sample narrative we might send a business owner to help them ensure that their bookkeeping and accounting is both correct and current:
Posted 2/23/10 at 8:24 AM | John Dillard
Atlanta CPA latest book, A Voice of One: Nehemiah's Prayer nominated for The 46th/2010 Georgia Author of the Year Award
Atlanta CPA and Christian Speaker/Author John Dillard, CPA has done it again! A Voice of One: Nehemiah's Prayer is the Second of the Inspiration Series has just been nominated for the GAYA Author of the Year Award for 2010. The first of the Inspiration Series, Overcoming Life's 9/11's: Job's Journey was recently nominated for the 2009 GAYA/Georgia Author of the Year Award. Enlightening the Old Testament. the Inspiration Series for those who are seeking to be more like Christ.
Posted 2/22/10 at 11:53 AM | John Dillard
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!
Posted 2/21/10 at 10:11 AM | John Dillard
Atlanta CPA Provides Top Five Financial Tips to Success When Buying a New Business
When you get ready to buy a business it is a critical decision which you will want to approach with caution and due diligence to ensure that you are well informed in your purchase. A wrong decision will cost you great financial pain and emotional suffering whereas the right purchase will be a feather in your cap for many years to come. Below is a sample inquiry I that I might receive:
Posted 2/19/10 at 10:37 AM | John Dillard
Atlanta CPA Appears on Atlanta Family Business RadioX
John Dillard of His CPA PC appears on Atlanta Family Business RadioX discussing needs and desires of Atlanta Business Owners & Entrepreneurs. Atlanta Family Business RadioX is geared towards being a ally and resource for Atlanta Family Business Owners and also a source of networking information you will want to utilize again and again. To read more about the interview you can visit http://familybusinessradio.businessradiox.com/47 or you can contact John Dillard CPA today for practical no nonsense consultation to ensure your Family Business Succeeds and that you pay only your lowest legal possible tax.
Posted 2/18/10 at 9:39 AM | John Dillard
Atlanta CPA Provides Tips to Successful Tax Representation Problems for Decades... The IRS/Representation Series
This is the Third article of the IRS & Tax Representation Series. Tax Representation is not one where you can just "settle for just cents on the dollar." There is not a magic pill that one can take to just make their tax problem go away. We Don't Strive to be the Biggest IRS Representation Service in America, We Strive to Give Our Clients the Highest Degree of Service Possible.
Being well-coordinated and well-informed as a CPA and by working closely with our tax clients is the best way to stay coordinated and effective in the tax representation process. Below is a sample letter that might be sent to ensure positive "traction" and results:
Posted 2/18/10 at 8:46 AM | John Dillard
Atlanta CPA Firm on Tax Installment Plans & Penalty Abatement... The IRS/Tax Representation Series
Providing Atlanta With Bookkeeping, Accounting Needs & Financial Statements for Decades
This is an article of the IRS & Tax Representation Series. Tax Representation is not one where you can just "settle for pennies on the dollar." There is not a magic panacea or magic pill that one can take to just make their tax problem go away. Below is a sample of a recent inquiry received from a client:
Posted 2/17/10 at 8:52 AM | John Dillard
Atlanta CPA Addressing Tax Issues Successful Tax Representation Problems for Decades... The IRS/Tax Representation Series
This is an article of the IRS & Tax Representation Series. Tax Representation is not one where you can just "settle for pennies on the dollar." There is not a magic panacea or magic pill that one can take to just make their tax problem go away. However below is exerpt from a recent client situation that was resolved: