Posted 3/18/10 at 2:50 PM | John Dillard
Atlanta CPA: Bookkeeping/Accounting Guidance to America's Business Owners & Entrepreneurs
A determined and insightful understanding of your Profit & Loss statement (P&L) is essential and critical. Though a balance sheet is a recap of what has happened to a business's assets and liabilities to date, a P & L, properly resented/managed/understood is a look into the company's short as well as its long term viability. A Profit and Loss statement essentially measures how well the business is utilizing company assets, personnel procedures and facilities in its effectiveness of serving customers while keeping a keen eye on profit maximization. By properly gathering and studying one's operations and its corresponding P & L, one can learn much about a business which is useful for measuring rates of return, detecting both positive and negative trends, taking corrective action, and business valuation.
Posted 3/18/10 at 8:09 AM | John Dillard
Atlanta CPA Presents Feeding the Homeless of Atlanta...Taking Christianity Into the World
Please join us we will have a dinner at Sugarloaf United Methodist Church on 3-26 at 7 p.m. and then we will meet on Saturday 3-27 (The Great Day of Service) at the church at 10 a.m. to have communion and to make 200 sandwiches to take along with us. From there we will be going under the bridges of downtown Atlanta to served the homeless of Atlanta/The Lost, the Last and the Least. Sugar loaf United Methodist Church, 1795 Old Peachtree Rd, Duluth, GA 30097, Tel 678-684-6000
If you would like to go please go to http://www.sugarloaf.org/beyond_walls.da to register ASAP and select option Y.
Posted 3/17/10 at 2:37 PM | John Dillard
Atlanta CPA Asks Does Your CPA Think "Outside the Box?"
Ensuring That You Pay Your Lowest Legal Possible Tax. As a Christian CPA there are several key responsibilities including:
Posted 3/17/10 at 7:00 AM | John Dillard
Atlanta CPA: Tax Guidance for Taxpayers Seeking Tax Relief
So you've just gone to your mailbox and much to your chagrin you have received an IRS notice. Your immediate reaction is one of fear and dread as your pulse races and you are not certain of what to do next. Although most certainly your initial reaction will be as described, there is a different path to resolving all audit issues to yours and the IRS's satisfaction and to close your audit with no additional monies due. The first thing I always encourage taxpayers to do is to hire a CPA who is well experienced in handling tax issues, audits, levies, garnishments and collection efforts. For just as you might not be able to read a book and do your own major surgery so are your opportunities for success limited when you chose to represent yourself before the IRS. It is also noteworthy to consider whether a taxpayer might be a successful candidate for an Offer in Compromise and to carefully consider all the options before selecting the one that is best suited to address a particular client. Below is a sample letter that might be used to address old and previously unfiled back taxes:
Posted 3/16/10 at 7:52 AM | John Dillard
Atlanta CPA Advises on How to Avoid The Top 10 Taxpayer Mistakes
Avoiding common pitfalls taxpayers make is critical to your personal financial success. Careful discernment and wise application of tax law is an essential and critical part of avoiding otherwise avoidable IRS notices, penalties, responsibilities, IRS audits and amendment of prepared returns. As a Body of Believers, we are commanded to give unto Caesar what is Caesar's. In the U.S. tax system, we as taxpayers are solely responsible for the initial filing of our returns and the fair and just filing of our lowest legal possible tax. Avoiding these top pitfalls that many fall prey to will be an integral step in the proper preparation of your return.
Posted 3/15/10 at 1:03 PM | John Dillard
Atlanta CPA Reminds Corporate Income Taxpayers Corporate Income Tax Returns are Due Today
Today, March 15, 2010 is the last day to file/have postmarked your corporate income tax return for C Corporations/Form 1120 and S Corporations/Form 1120S. This due date also relevant for LL's (Limited Liability Companies) that have filed a Timely IRS Form 2553 and opted to be taxed as an S Corporation.
Posted 3/15/10 at 8:37 AM | John Dillard
Atlanta CPA Advises on Tax Return Preparation for Atlanta Business Owners
Keeping tax payers informed is one of the key tenants of assisting business owners with successfully addressing tax issues. Below are excerpts from a sample letter that might be used to ensure that the best CPA advice we can provide is made available to each and every business client:
Posted 3/14/10 at 9:30 AM | John Dillard
Atlanta CPA Presents Major Tenants of Mission Work, While Calling on God for Miracles...Taking Christianity Into the World
I appreciate all of the hard work that you do to support the work of God throughout the world. We have been honored to serve Jesus Christ for the last five years in the desert of New Mexico as we serve our native Americans, the Navajo. As a Family Mission Trip I have watched families of one and families of many call on the power of Christ to change and redeem the lives of those we serve with and those we serve. When our family was first asked to lead this 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
Jabez cried out to the God of Israel, "Oh, that you would bless me and enlarge my territory! Let your hand be with me, and keep me from harm so that I will be free from pain." And God granted his request. 1 Chronicles 4:10
Posted 3/13/10 at 6:04 PM | John Dillard
Atlanta CPA Firm Offers Serving Opportunities to Our Native Americans the Navajo...Taking Christianity Into the World
Many of the largest and most successful churches in Atlanta and in the whole of North America share a simple model for Missions to encourage all mission minded individuals to seek the prayer and financial support of others. In so doing the good news of Jesus Christ can be shared with others who are unable to go and to further the Good News of Christianity. Below is a sample support letter that you or your church and utilize and tailor to your specific needs and journey as we work together to Taking Christianity Into the World.
Posted 3/13/10 at 7:05 AM | John Dillard
Atlanta CPA Takes Christianity Into the World...What Does Being a Christian CPA Mean
www.HisCPA.com A Christian CPA: Never Underestimate the Long Term Benefits
Frequently as Believers we make sharing a faith hard, while Jesus said that Christians would be known by their love. Whether you are Baptist, Episcopal, Methodist, or Presbyterian we are all united by our faith in Jesus Christ. Several years ago God laid on my hear that I should establish a different kind of CPA firm - one that would bring the principles of Jesus Christ to the practice of Accounting.