Posted 5/24/13 at 2:15 PM | Phil Cooke
If you’re like me, chances are you’re a creative professional who complains too much. In pursuit of creating my projects, I’d like a better computer, I’d like a bigger office, I could use more employees, or I’d like bigger budgets. At least I used to think that way – until I attended a church in Jakarta, Indonesia made up of Iranian refugees. I’m in Indonesia helping produce a major outreach event for Dr. Michael Youssef and Leading the Way ministries. Indonesia is a long way from Iran, but many of these refugees are trying to get to Australia or America, and this is a good midway point for either destination.
At the service, I met an Iranian filmmaker who’s been a cinematographer and special effects designer for years. In fact, he was so good, he was selected to travel with the Ayatollah and even live in his home in Iran, filming the most intimate details of his life. But at some point, in pursuit of spiritual and artistic freedom, he began to be threatened, and realized he had to leave. In the middle of his career as a creative professional, he was forced to leave everything he knew and make his way to Indonesia. I can’t tell you his name or show you his photo because many in the Iranian community still live in fear of being tracked down. FULL POST
Posted 5/21/13 at 9:28 AM | John Dillard
Duluth/Gwinnett CPA Tax Law Update: S Corporations
Taxation of an S Corporation
The below is a sample letter we might send to a client advising of the tax law items surrounding S Corporations. Be sure you work with a CPA who is seeking to make sure you pay only your lowest legal possible tax.
When a business is an S Corporation all active employee/owners are required to take a fair and reasonable salary. The best test of a reasonable salary is what an owner would have to pay someone else to perform their position and it is a function of their position, responsibilities, and the business's profit. At present I do not believe your return would pass any type of review and that if you do not go back and declare a salary on your prior earnings that you should expect an audit. I would suggest that you ASAP:
Posted 5/20/13 at 12:20 PM | John Dillard
Are You Running Your Business in a Christ-Like Matter?
Ten Traits of a Christian Business
If you call yourself a Christian Business, your words, actions and deeds need to align with the way you run/manage your business. These Top Ten Verses/Characteristics will do much to help you ensure you are "walking the walk and talking the talk." Though many will do what they can to derail your good efforts as Satan will always rise up against those who are doing good. So count it a blessing for when you are prosecuted for you are doing much good for the Kingdom of God. Although these traits were written for our business, you will find the verses readily adaptable to yours:
Posted 5/17/13 at 2:30 PM | Brian Wallace
While a career as a doctor is typically looked at as being one of the best paying, doctors today aren't getting to see a whole lot of that cash - it's going towards paying for the education that helped them land the gig.
Over 85% of students and physicians have debt from medical school. Add this to the 55.4% of students and physians who have debt from their undergraduate studies and you have a lot of doctors who owe a lot of money.
In this infographic, The Student Doctor Network presents the data from their annual national healthcare student survey and how, despite landing in a great career, healthcare professionals are living with the burden of their educations.
Posted 5/15/13 at 11:47 AM | Phil Cooke
You may have the greatest idea in the world for a book, movie, business, or nonprofit. But when writing my book “Unique: Telling Your Story in the Age of Brands and Social Media,” I discovered that today, living in the most cluttered culture in history, you also have to consider how to cut through all the competition and get noticed. Want to publish a book? In 2011, 300,000 books were published by traditional publishers, and that doesn’t count the additional 3 million that were self-published.
How about producing a feature film? During the same period, 1,000 movies were released in the United States.
Maybe you could start with a YouTube video? According to their own statistics, 60 hours of video are uploaded to YouTube every minute.
Television isn’t any better. The average cable TV system in America now has 160 channels, with some satellite systems boasting as many as 500 channels.
What about a great business idea? The U.S. government’s own statistics reveal that in spite of today’s tough economy, 500,000 businesses were opened in 2011, all competing for the same investor money. FULL POST
Posted 5/15/13 at 7:57 AM | John Dillard
Atlanta CPA Teaches IRS Representation for America's Taxpayers
Find a CPA Who is Willing to Work to Ensure Your Best Interests Are Achieved
At His CPA PC we strive to do business the old fashioned way giving our clients much more than they thought they needed. In our ever changing economic times, it is even more important than ever for business owners to find a CPA who will help them stay ahead of the power curve in addressing your business issues, trends, and tax planning. Find a CPA firm that lives out the "Golden Rule" in serving others and the community. A CPA Firm should be willing to meet with your for an initial free consultation. By offering this information gratis, you and the CPA can heighten the understanding of his fellow business owners and taxpayers and to contribute back to the community in which he lives and works.
Posted 5/13/13 at 12:59 PM | Brian Wallace |
Posted 5/13/13 at 9:43 AM | John Dillard
Duluth/Gwinnett CPA: How to convert your LLC or C Corporation to an S Corporation for Tax Purposes
You Can Avoid Double Taxation
More Georgia based businesses are incorporating as an Limited Liability Company (LLC) because of the ease of the initial set up of the business entity. However, frequently this may not be the best "tax choice" for the business as an C Corporation is subject first to taxes at the corporate level initially and then the profits are taxed again at the personal level when these profits are paid out to the company's respective shareholders/stockholders. C Corporations were once much more popular as an entity choice but as consumers and entrepreneurs became more aware and informed, C Corporations are much less pursued as a viable option as business owners sought to legally avoid the "double taxation" exposure of C Corporations as they are taxed first at the corporate level and then again at the personal level when monies are paid out of the corporation to the companies' respective owners.
Posted 5/10/13 at 6:16 PM | Phil Cooke
What are the most important attributes you need as a leader? The Creative Group did a poll that indicated that 34% of executives felt strategic vision is the most essential quality for successful leadership. That poll was taken a few years ago, but I think it’s still worth thinking about today. In the poll, advertising and marketing executives were asked, “In your opinion, which single quality among the following is the most essential for effective leadership?” Their responses:
1. Strategic vision 34%
2. Strong interpersonal skills 29%
3. Integrity 29%
4. Creativity 3%
5. Intelligence 3%
6. Don’t know/other 2%
Turner goes on to describe the four most common mistakes that can undermine a manager’s credibility with employees:
• Deserting your team. Managers who fail to stand up for staff members when they’re unfairly criticized or when times are tough lose their employees’ trust.
• Sending mixed signals. If you’re receiving contradictory messages from a client or senior executives, you may be passing this confusion on to your team. Make sure you have all the facts, and be consistent in the direction you give. If parameters or goals change, explain why.
• Not giving credit where it’s due. Acknowledge employee contributions on projects, and never take credit for someone else’s ideas or efforts. Shining the spotlight on your team makes everyone look good.
• Breaking promises. Only promise what you know you can deliver to your staff. If, for example, employees have been told they will receive a promotion, raise or bonus when company profits improve, follow through on your word as soon as feasible. FULL POST
Posted 5/10/13 at 1:56 PM | John Dillard
Atlanta CPA: Using an Advocate When Fixing IRS Tax Problems
Hiring an Advocate To Represent You Before the IRS When Having Tax Problems is one of the most important items you can do when addressing IRS tax problems. The below is a sample letter you might receive off of our web site from taxpayers looking for Godly counsel: