- December 07th, 2012
- John Dillard
- Income Tax Preparation of Corporate & Personal Income Taxes, Virtual CFO, Business/Tax/Financial Consulting, Business Loans/Money Management
- 0 Comments
Ensuring Your Return is Complete Before it is Filed
‘By making sure that we inform you of all substantive issues before that become increasingly problematic. By offering insight on issues that you did not even know that you had by addressing short term and strategic issues simultaneously, while seeking the “forest and the trees” to avoid unnecessary financial pitfalls.” — John Dillard CPA (A Duluth/Gwinnett CPA Firm)
Work with a CPA who seeks to tailor their services to you and your business, rather than making you follow a program that the CPA firm has developed for their benefit. The Truth and Our Clients Should Always & Will Always Come First. Rather than seeking to serve solely for your tax needs, though that is our predominant business responsibility, we seek to honor God in all of our actions, thoughts and deeds, be looking to the betterment of all, we come into contact with. For whether you are our largest client or our smallest we seek to obey God’s word by considering all others to be better than ourselves, regardless of your creed, age or social standing for Christ came to serve the world, and not to be served. To that end the below is a sample letter we might send to a client to ensure that their tax return is properly prepared, tracking every legal tax deduction and thereby ensuring that only their lowest legal possible tax is paid”
Items Needed your Personal Income Tax Return.
The prior year you had $10,000 of independent contractor income, that was not assigned to your business. What was your independent contractor income for the year. I suggest we meet to consider setting up your proprietorship as an S Corporation for both tax mitigation and legal liability protection.
What was your business miles against your independent contractor income.
For your other entities, for business mileage, please be sure to get reimbursed for this and all other expenses you have not yet been reimbursed, as this will provide you full reimbursement for your business expenses you paid personally, not just a tax deduction.
Please be sure to forward to me copies of your yearend statements for your:
-Disability (did you deduct the premiums on the policy or did you pay personally)
-Real Estate Taxes on your home.
-Interest Income, Capital Gains, Other Income
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