Accounting News and Notes

Snellville/Roswell/Alpharetta CPA… Recently We Helped a Contracting Business Greatly

Recently We Helped a Contracting Business Greatly. By doing much more than just their taxes. By also serving as a consultant and Part-Time Virtual CFO/CPA we can help do much more than just prepare your income taxes. Though there are a few things that are similar in tax preparation the actual process of pulling a clients information together in getting the data to prepare a return is never similar. The below are just a few of the issues addressed when preparing the corporate tax return for one of our commercial contracting clients.

-First starting with the raw client data is the beginning part of the process. Having a time tested checklist clients can use to pull their information together is the initial stage of this process. To see such a income tax preparation checklist see http://www.hiscpa.com/newclient.html

-For those clients who have less than a hundred or so transactions annually frequently using an accounting package is overkill. For those clients using a form such as the one on our website is a great place to get started. Visit http://www.hiscpa.com/recap.pdf

-For clients with revenues in the tens of thousands, hundreds of thousands and up to several millions QuickBooks is a widely accepted accounting package that can be used. To prepare your financial statements well it all starts with wisdom and discernment from a CPA as to what will be required including basis set up issues and even your chart of accounts. See   http://www.hiscpa.com/keeping-books.html & http://www.hiscpa.com/monthend.html

Related posts:

1. Roswell/Alpharetta/Snellville CPA…This Week at His CPA PC
2. Snellville/Roswell/Alpharetta CPA…Amending Personal Income Tax Returns
3. Snellville/Roswell/Alpharetta CPA…Are You Truly Desperate for Jesus?
4. Snellville/Roswell/Alpharetta CPA…Are You a Real Georgia Bulldog?
5. Snellville/Roswell/Alpharetta CPA…Strategic Tax Advice/IRS Representation

This entry was posted on Wednesday, February 1st, 2012 at 3:38 pm and is filed under Corporate & Personal Income Taxes, Financial Statements & Bookkeeping.
Tags: Alpharetta Part-Time Virtual CFO/CPA, Having a time tested checklist, Part-Time Virtual CFO/CPA, Quickbooks, Roswell Part-Time Virtual CFO/CPA, Snellville Part-Time Virtual CFO/CPA, Snellville/Roswell/Alpharetta CPA... Recently We Helped a Contracting Business Greatly, using an accounting package. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.