Atlanta CPA Provides Top Tax Tips for 2010 for Atlanta Taxpayers
Atlanta CPA Provides Top Tax Tips for 2010 for Atlanta Taxpayers
Recently we have picked up several new accounts who were also business owners and therefore had substantially more than a taxpayer who predominantly had mortgage interest and charitable contributions. It is widely recommended that all business owners use a CPA who is well experienced with the nuances and tax reporting for small business owners and entrepreneurs. Below is a sampling of the types of issues that have occurred on those returns in elevating those situations to proper bookkeeping, recording and compliance with tax issues.
A C Corporation that can legally convert to an S Corporation to avoid the double taxation of filing as a C Corporation/Form 1120.
A contracting firm that is operating as a proprietorship rather than as an S Corporation thereby exposing all of their personal assets to any potential corporate liability/tort issues.
A filing of a proprietorship/Schedule C was inadvertently reported under the incorrect spouse.
Tax returns where the results of rental properties were not correctly reflected.
Personal tax returns where unreimbursed employee expenses were incorrectly reflected on a Schedule C.
Returns where taxes and penalties were not calculated and assessed for premature distributions form pension funds/401K/IRA.
Returns were depreciation was not reflected on returns for fixed assets purchased in prior years.
Returns where Section 179 Depreciation was not reflected/claimed.
Returns where business mileage is not recorded.
Returns where the Internal Financials, Balance Sheet and Profit and Loss statement listed substantive errors in both classification and amount.
Internal books and records where Interest Expense on Company Debt was not reflected and in error, charged to the Note Payable amount.
An individual who is buying, fixing up and flipping residential homes/rental property in their own name rather than in an LLC, exposing their personal net worth to business liability issues.
CPA: Never Underestimate the Value
http://www.hiscpa.com/business-checklist.html Business Checklist for Atlanta Business Owners by Hall/Forsyth CPA
http://www.hiscpa.com/adding-partner.html Expanding Your Georgia Business by Adding a Partner by Atlanta CPA
http://www.hiscpa.com/article4.html Roswell/Sandy Springs CPA Teaches Businesses Techniques for Survival
http://www.hiscpa.com/internal-controls.html Christian Tucker CPA Helps Business Owners Develop Good Internal Control
http://www.hiscpa.com/forensic-accounting.html Your Georgia Business and Forensic Accounting by Atlanta CPA
http://www.hiscpa.com/budgeting.html Georgia CPA Helps Reduce Unnecessary Spending: Budgeting 101 by Roswell CPA
http://www.hiscpa.com/article1.html Atlanta CPA Illustrates Difference Between Planning & Historical Accounting by North Fulton CPA
http://www.hiscpa.com/article3.html Gwinnett/Duluth CPA Teaches Personnel Keys to Managing Business Growth
http://www.hiscpa.com/article6.html Alpharetta/Roswell CPA Teaches the Tax Effects of Entity Choice
http://www.hiscpa.com/marketing-efforts.html Norcross/Sandy Springs CPA on Tracking Marketing Statistics for Your Georgia Business
And this is only some of the information available on our web site. You also have at our blog a host of other varied and timely tax and business management issues you can use.
John Dillard, CPA of His CPA, PC (An Atlanta Christian CPA firm) 1940 Woods River Lane, Duluth, GA 30097 Phone 770-814-9304 http://www.hiscpa.com/ http://www.john-dillard.com/
Dare to Attempt Something so Great for the Kingdom of God that it is doomed to failure, lest Christ be in it!
To retain John Dillard CPA (An Atlanta Christian Speaker/Author) for your business group or church congregation, you can contact him today at 770.814.9304
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.
Serving Atlanta, Duluth, Gwinnett, Barrow, Bartow, Carroll, Cherokee, Clayton, Coweta, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Henry, Newton, Paulding, Pickens, Rockdale, Walton, Barrow, Bartow, Carroll, Henry, Newton, Bartow, Walton, Rockdale, Barrow, Spalding, Coweta, Dawson, Douglas, Fayette, Newton, Paulding, Spalding, Walton, Henry, Paulding, Douglas, Coweta, Canton, Covington, Douglasville, Druid Hills, East Point, Forest Park, Griffin, Lithonia, Mableton, McDonough, Milton, Mountain Park, Newnan, Powder Springs, Stockbridge, Union City, Villa Rica, Winder, Woodstock, Smyrna, Sandy Springs, Marietta, East Point, Gainesville, Snellville, Buckhead, Buford, Peachtree City, Dunwoody, Kennesaw, Decatur, Conyers, Stone Mountain, North Fulton County, DeKalb County, Hall County, Clayton County, Cobb County, Forsyth County, Hart County, Jefferson County, Duluth, Atlanta, Alpharetta, Johns Creek, Lawrenceville, Milton, Norcross, Snellville, Roswell, Buford, Cumming, Grayson, Lake Hartwell, Suwanee, Sugar Hill, Loganville, Lilburn, Dunwoody, Gainesville, Decatur, Atlanta GA, Gwinnett County, North Fulton County, Cherokee County, DeKalb County, Hall County, Clayton County, Cobb County, Forsyth County, Hart County, Jefferson County, Duluth, Atlanta, Alpharetta, Johns Creek, Lawrenceville, Marietta, Milton, Norcross, Snellville, Roswell, Buford, Smyrna, Marietta, Cumming, Grayson, Hartwell, Suwanee, Sugar Hill, Loganville, Lilburn, East Point, Gainesville, Snellville, Buckhead, Buford, Peachtree City, Dunwoody, Kennesaw, Decatur, Conyers, Stone Mountain, Decatur. Sandy Springs, Peachtree City, Douglasville, Newnan, Griffin, Woodstock, Carrollton, Forest Park, Canton, College Park, Cartersville, McDonough, Riverdale, Fayetteville, Covington, Stockbridge, Conyers, Clarkston, Barrow, Bartow, Butts, Carroll, Cherokee, Clayton, Coweta, Dawson, and Douglas.
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