Alpharetta/Lawrenceville/Norcross CPA. . . This Week at His CPA We. . .
Prepared with three workdays nine years of back old amended returns to assist a taxpayer with old back tax returns.
Reduced my tax preparation fee on a client substantially to help them survive the continuing downturn in the economy.
Provided free tax advice to a taxpayer over the phone who is addressing back taxes and needs the advice of a CPA/IRS Representation while discussing options including an Installment Plan, Offer in Compromise or paying in full the taxes and interest to the IRS, while seeking abatement for penalties.
Notified clients on tax planning issues as well as to get data to timely file their corporate/IRS Form 1120S /IRS Form 1120 being due September 15, 2011.
Met with business ownerrs0opportunities for improvement including converting a Limited Liability Company and a Corporation to an S Corporation for tax purposes.
Processing a clients Offer in Compromise that is presently with the IRS Appeals Office saving a client $65,000. Forwarded correspondence to a taxpayer address the tax options of an Offer in Compromise, Paying the taxes and interest in full or setting up an IRS Installment Plan, which requires penalties and interest to still be accrued.
Continued in encouraging a client company’s president encouraging them set up a baseline minimum of internal controls/segregation of duties to protect business assets/cash balances.
Assisted a major bank and client to move dollars inadvertently made in the corporate name to one made in the shareholder’s name, thereby legally protecting a taxpayer’s assets from corporate liability.
Filed tax return for Limited Liability Companies that had converted to an S Corporation for tax purposes, while noting that an LLC will remain an LLC for all other legal liabilities.
Helped a new client determine which entity choice is the best selection for the new business.
Worked with a taxpayer to file for their entity as an S Corporation by the filing of IRS Form 2553: Election by a Small Business Corporation being sure to follow the IRS Revenue procedures when the original deadline of March 15th is not met.
Helped taxpayers with their tax planning issues for 2011.
Worked with taxpayers to remind them that the final due date for the filing of personal income tax returns is October 15, 2011 and that there are no extensions beyond this date, while reminding them that an extension to file is not an extension to pay.
Discussed Penalty Abatement Issues with a Taxpayer facing a tax lien and IRS tax problems.
Advised a taxpayer that a rule of IRS Installment Agreements is that the taxpayer has to remain current in filing and payment on all future tax fillings or the Installment Agreement is voided.
Meeting with a business banker to network.
Led a Bible study at our home.
Worked with our Bible Study Group to set up serving the Lost, the Last and the Least in our community on Thanksgiving Day.
Met with a new client to help them with their personal tax return.
Wrote articles for the Christian Post, an on-line Christian web site.
Continued to work with a client needing to file several years of old back taxes for both their corporation and their personal income tax returns, reminding them of the need to file old back tax returns ASAP, hopefully before IRS collection efforts could cause great financial harm and difficulty.
Finished all tax returns where complete data was present within 24 hours, some even faster.
Assisted a taxpayer with issues for past amended returns.
Helped a taxpayer to remind them to file in all states where they transact business.
Filed several personal income tax returns helping taxpayers to ensure that every legal tax deduction is claimed.
Worked with taxpayers to ensure that their internal financial statements are in order so that their corporate tax return may be prepared while being sensitive to client bookkeeping skills, talents and expertise.
Took time to talk to someone struggling to make major life choices. Stopped whatever I was doing in the middle of tax season to give a word of encouragement, while addressing management issues. Counseled my daughter on life/college choices. At His CPA, we believe your soul, heart and life are more important than work issues.
Followed up with present and new clients alike to ensure that their tax returns are correct, their questions are answered and that all tax returns were prepared ensuring that only their lowest legal possible tax was paid. Worked with the IRS to set up for Electronic Filing of Income Tax Returns.
Consulted with prospective clients for free to evaluate their tax return preparation and the tax effects of entity selection when incorporating their new business.
Consulted with prospective client to encourage them not to use a CPA for bookkeeping as a bookkeeper will be able to address routine issues at a reduced rate, leaving the CPA to handle more important strategic issues and corporate and personal income tax issues.
Updated our web-site at www.HisCPA.com with nuances on our tax preparation issues and placed articles on our blog
Posted several articles on www.LinkedIn.com
At His CPA we believe God made us all to be much more than just someone with a job, someone going to school or a pew sitter.
God made you in His image and is looking each and every day for you to be His very hands and feet.
Seek to know what God wants you to do today for His Glory, Seeking His Will for you and your life while all the time, being Bold in Your Faith.
His CPA PC believes that the best defense is a good understanding of tax law and having a CPA who anticipates your needs and works for your best advantage. Let’s get started today on planning your wise entity choices.
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www.HisCPA.com A Christian CPA Firm in Duluth GA Proudly Serving Alpharetta/Suwanee/Lawrenceville/Norcross/Atlanta/Gwinnettt/North Fulton as an Award Winning CPA