Duluth/Gwinnett CPA Provides Tax Checklist to Pull Your Personal & Corporate Tax Information Together

Duluth/Gwinnett CPA Provides Tax Checklist to Pull Your Personal & Corporate Tax Information Together

Preparing Tax Returns for Atlanta Taxpayer for Decades

The first step of being sure you pay your lowest legal possible tax is being sure you have the base building blocks in line. Therefore it is essential that you do not miss any legal deductions and to report all of your income. Having your prior filed return readily available and a checklist will do much to ensure that you pay only the legal tax that you owe. The below checklist is one that you will want to refer back to again and again.

To complete your monthly financials, please forward:

  • Your year to date Balance sheet, Profit & loss
  • Year end Bank Statements and Bank reconciliations
  • A schedule reconciling your bank deposits (recapping items that are not transfers) to the revenue as detailed on the Standard Profit and Loss for the month.
  • Year to Date Payroll Records by Employee
  • Notes Receivable and Payable Balances Reconciled
  • Copies of new Notes
  • Detailed general ledger and Journal Entries for the Month
  • You advise of any fixed assets that have been acquired or disposed of during the period.
  • That ALL of the balance sheet and profit and loss accounts are correct.
  • That you have only one retained earnings account and that the retained earnings account on your internal books equals or is reconcilable to the retained earnings to the last corporate tax return filed.
  • That as of January 1st of the prior year that you closed the shareholder distributions account to retained earnings.


Please be sure to keep by month a hard copy of in your office, under lock and key:

  • A detailed general ledger for the month.
  • A list of all journal entries posted for the month.
  • A copy of all bank statements and reconciliations.
  • The standard balance sheet and profit and loss for the month.

Please be sure each month that you are ensuring that the daily backups on all of the corporate data are being made and taken off site (to another physical location) daily.

This is to confirm that you are aware are handling all of your payroll and independent contractor/1099 needs, of the need to have a business license, to pay the annual registration fee, to have your annual Board of Directors and Shareholders Meeting, and to file the county property tax report (please be sure to claim the Freeport Exemption on your inventory if you qualify as this can substantially reduce the amount owed). Please note that if you have not yet set up a retirement plan or have a formal financial plan, that I suggest that we sit down together soon to get the right plans in place to help ensure your long-term financial success!

Duluth/Gwinnett CPA: Income Tax Preparation

Duluth/Gwinnett CPA: Financial Statements & Bookkeeping

Duluth/Gwinnett CPA: IRS Representation, Back Taxes, Offer in Compromise

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/ 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. “Dare to Attempt Something so Great for the Kingdom of God, that it is Doomed to Failure Lest God be in it!”

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