Corporate & Personal Income Tax Preparation and Reviewing of Prior Filed Returns
Corporate & Personal Income Tax Preparation and Reviewing of Prior Filed Returns
One of the unique things you can do as a taxpayer is to continually tax an active stance in growing in knowledge about your own tax situation. To this end, however I do not recommend that as an entrepreneur that you go back to school and get a degree in accounting or to become a CPA. You task as a business owner is daunting enough in the daily and strategic planning of your business. However, I do believe that periodically getting a second opinion for a CPA will do much to help ensure that you are on track. In fact, over the years, I have had several clients do this in an effort to learn what they can, while discovering that everything that legally could be done to keep their taxes as low as legally possible were already done. However, frequently a fresh face on the scene will do much to enlighten a taxpayer or business owner to learn of other valid options that are available to legally lower their taxes.
Examples of items a new CPA might discover include:
-The discovery of tax deductions that you previously missed.
-That you do not have the right retirement plan set up for your business to maximize qualified pension plan deductions for both you and your employers.
-That your present choice of entity selection is not the best suited to your business for both operational and tax issues. An LLC, LLP, Partnership, C Corporation, S Corporation and Proprietorship all have substantive tax, operational and taxing nuances that are dramatically different. Knowing that your present choice remains the best is critical to sound financial management.
-That your own preparation of your internal financials is providing you with the data and information you need to make sound operational and management decisions.
These are just a few of the important and critical decisions that impact your taxes and business dramatically. Having a check-up or a consultation with a CPA who is independent of your business will do much to ensure your remain financially on track. Having served as a CPA for almost thirty years I have seen service levels of professionals at varying levels. Ensuring that you are receiving sound prudent professional services will save you money and headaches in both the short and long term.
John Dillard is a Christian Speaker/Author and Certified Public Accountant (All Rights Reserved). To See how he takes Christ along with him to work visit http://www.hiscpa.com/ (An Atlanta CPA firm) and for his latest book Overcoming Life’s 9/11’s: Job’s Journey and to learn about his ministry visit http://www.john-dillard.com/ To contact John Dillard CPA (Atlanta Christian Author/Speaker) today call 770. 814.9304 proudly serving Duluth, GA, Gwinnett County and Beyond.
“Dare to Attempt Something so Great for the Kingdom of God that it is doomed to failure, lest Christ be in it!”
What, then, shall we say in response to this? If God is for us, who can be against us? Romans 8:31
Why are these verses here? Learn how HIS CPA became a Christian Accounting firm visit http://www.hiscpa.com/christian-CPA.html
We advise clients on: IRS representation, Offer in Compromise, Tax Problems, Incorporation in Georgia, Corporate and Personal Income Tax Returns, Part-time CFO, Virtual Controller, Business Planning, Offer in Compromise, Back Taxes, Business Acquisitions/Sales, Forensic Accounting, Business Valuations and Bookkeeping.
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