Duluth CPA Teaches Starting a Business in Down Economic Times

Incorporating in Georiga

For many who are out of work and have been unemployed for some time, it make be the ideal time to start a new business as your opportunity costs of pursuing other ventures is small to non-existent as you have no present income to lose. Many who desire to start a new business have to think long and hard about forgoing their job and quitting their present employment before looking to start a new business venture. However it was at such a time that my own CPA practice was formed, for it is often when God finds us at our weakest that He can use us to accomplish His ultimate will for our lives. Recently I had a call from a Believer in Texas who was facing such difficulty and we discussed such issues to which I forwarded the below response:

It was a pleasure to talk with you today. I will keep you and your family safe in my prayers. 

One of favorite verses is Matthew 6:34 to which I recommend you meditate and reflect on often. If you decide to start your own business hopefully the below article will be insightful. 

Keep me apprised of how events progress. In His Will, John

 Marketing Statistics for Your Georgia Business

 Starting a new business is a very difficult emotional and financial struggle. Striving to develop your business, its plan, and establish a client base are all critical ingredients of getting your new business started. As a business owner, perhaps even more valuable than the business plan itself is to determine, track, and re-evaluate their marketing efforts. In doing so a wise business owner will determine if they are on track and can take immediate corrective action well before negative financial results occur. A good tracking and monitoring process of your company’s business will be the precursor of what is to soon happen in the company’s business structure.

Key Marketing Statistics  

Each and every business will be a bit unique to a company itself, however there will be many key marketing statistics which all businesses should track, monitor, and evaluate. The wise and judicious use of this process will result in any necessary efforts being re-targeted doing away with less successful methods of reaching your customer base and focusing on more efficient and opportune strategies to reach your full market potential. Examples of key marketing statistics will vary substantially and working with your CPA, SBDC/Small Business Development Center, and your banker are all good sources of information to discover what might work best for your business and in your locale. 

Organizations/Chambers of Commerce/Rotary/Kiwanis 

Business organizations, chambers of commerce, Rotary, and Kiwanis are all good examples of the various business organizations to consider joining. Finding one which best suits your business style, schedule, and perhaps most importantly has a good networking base from which to find the clientele you are seeking is of tantamount importance.  

Marketing Your Business on the Internet

Using the Internet has enabled many businesses to substantially broaden their geographic appeal well beyond their states borders, the U.S. as a whole and even beyond. It is not uncommon for a good website to attract a broad based appeal of potential visitors. Initially a good web presence is critical, as you will want your first impression to be a good one. Keeping your site up to date with advice, information, and products is a good first step towards this endeavor. Ensuring that your site is easily navigable and that your contact information is readily assessable are critical to your sites success and productiveness. However, having the best site in your industry is not enough if people are routinely finding it as search engines look not only to key words, but also content, and for the presence of a Blog bringing to readers/users current news and topical events. Finding a professional who is well versed and trained and advised in these processes is a critical first step in this process. 

We care much more about your business than just preparing your tax returns. Put our trained seasoned CPA to work for you today.

 Contact HIS CPA PC (A Christian CPA Firm) today.

To learn more about tax entities and the taxation thereof visit http://www.hiscpa.com/article2.html There you will also discover a wide host of resources for American Entrepreneurs.

John Dillard is an Christian Speaker/Author and Certified Public Accountant in Duluth, GA. To See how he takes Christ along with him to work visit http://www.hiscpa.com/ and for his latest book Overcoming Life’s 9/11’s: Job’s Journey and a Voice of One: Nehemiah’s Prayer visit http://www.john-dillard.com/ or call John Dillard CPA today at 770.814.9304 (All Rights Reserved) Dare to Attempt Something so Great for the Kingdom of God that it is doomed to failure, lest Christ be in it!    

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, 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.

Duluth GA CPA on Determining Business Value /Addressing Risk in Business Valuations 

There are at least three approaches to determining the value of a company.  The Company Analysis (“CA”) should typically include three valuation methods:  a comparable transaction analysis, an asset valuation and a discounted cash flow valuation.  A single valuation method will usually provide a price that is questionable.  The most commonly used method in a CA is the discounted cash flow (DCF) valuation that presents the amount of cash the business will typically produce each year going forward.  

When a qualified professional writes a CA for a client, the writer typically covers risk factors that could be raised by an acquiring party in a merger or acquisition of a company.  Risk factors evoked when reading a CA are exclamations of disagreement or opposition to information being presented.  A well written CA addresses or answers the risk factors with three readers in mind.  The logical reader wants the facts, with risk factors answered factually.  The emotional reader seeks information based on an emotional need to know or understand.  The practical reader receives information as it is presented and asks questions when necessary.  Regardless, the CA should identify and answer risk factors based on the anticipated questions raised by the three types of readers. 

Risk Factors are divided into Tangible Risk Factors and Subjective Risk Factors. 

Tangible Risk Factors 

1.         Needs.  An entrepreneur, investor group, or a company in the market to merge or acquire a company is searching for ways to increase earnings.  The CA must clearly identify who the company is, what is being offered and the benefits of ownership.  The CA is an engaging document that compels the reader to look beyond the graphs and charts.  

2.         Value.  The financials provide a historical justification for the listing price and are typically based on past performance.  A Quality CA documents sustained value created during past company operations and documents the future potential for upside growth.    

3.         Benefits.  A sustainable valued company will have desirable products and a defensible market position.  The CA includes a historical perspective & sites the company’s position in poor and favorable economic conditions.     

4.         Opportunity/Challenge.  Grow or die is the only rule in business.  A CA identifies the competitors, risk factors and strengths for portfolio growth. 

5.         Sustainable.  Objections typically include questions about cash flow, depth of management, diversification of customer base, obsolescence of product, barriers to entry, and rollup potential.  A quality CA identifies sustainable growth opportunities.   

Subjective Risk Factors 

Subjective risk factors are usually based on an experiences or expertise of individuals or values held by the company.  The following are the most common subjective risk factors raised during the due diligence process and should be addressed in the CA.  This is NOT an all inclusive list. 

1.         Depth of Management.  A company should have someone other than the owner who manages the day to day operations of a company.  When the owner manages the operations a prospective acquirer raises the questions related to sustainable customer loyalty after the company changes hands. 

2.         Owner Level of Involvement.  A single owner – operator carries a risk of limited operational documentation, employee loyalty to a new owner, and uncovered information. 

3.         Diversification of Customer Base.  What percentage of customers generates a majority of the company’s revenue?  At least 80% of the customer base should generate a majority of the company’ revenue. 

4.         Obsolescence of Products.  Customer demand for products reflects the past.  Customer demands for continued purchases should be projected and supported with customer satisfaction surveys. 

5.         Changes in Distribution Patterns.  An evaluation of sales typically reveals customer purchases by product lines.  The CA should project market demand for a company’s products for a five year cycle.

 6.    Demographics.  Will the company’s product continue to attract a broad range of consumers by age groups or are new products required to shore up the revenue during the next five years?

 7.    Economic Trends.  The CA should document trends in the economy, both past and future, and make projections on future purchase decisions for the company’s products.

  8.    Consumer Demands.  The margins should be flexible in order to support a downturn in consumer demand during poor and good economies. 

9.    Proprietary Products.  Are the products legally transferrable?  Are the products restricted or copyright protected by contract from being transferred to a new owner? 

 10   Rollup Strategy.   Will the merger or acquisition benefit the entrepreneur, investor group, or a company’s five year plan?   

Each transaction typically produces a different set of Tangible and Subjective Risk Factors.  A quality CA document should cover all the Tangible and Subjective Risk Factors listed in this article.  As the Acquisition Team of a prospective acquirer or merging company raises new questions, the Intermediary should document each risk factor and explain the impact on the potential influence on the company. 

The tfrGROUP, Inc., is a mergers and acquisitions firm that specializes in the sale of privately held companies from a variety of industries.   If you have a client who is interested in making changes to their company’s portfolio, begin that process by calling Terry F. Robinson, CEO and Broker at 770.262.6491.

To help find other helpful articles to help you manage your business operationally, strategically and financially visit our articles at http://www.hiscpa.com/articles.html

Exiting Your Business: Is it about the Economy? 

You had a well-defined plan for exiting your business.  You knew how, you knew when, and you knew for how much.  But, if you’re like most business owners, you might be wondering how changes in the economy and the business environment might affect the timing of your plans to retire or otherwise exit your business. 

How the economy factors in. Buy low, sell high.  Every owner wants to sell all or part of their business at the top of the market.  And certainly, the market for businesses is cyclical, with its health aided by a growing economy, affordable capital for acquisition financing, and optimism and competition among buyers.  With the slumping economy at the forefront of today’s news, business owners are now asking, “How will this environment affect the market for my business?”  A look at the past, going back 30 years and several business cycles, gives us an idea of what we can expect for business sales when the economy falters. 

It is no surprise that, in years of poor economic growth or decline, the number of mergers and acquisitions did in fact drop.  And true to form, M&A activity is likely to decline again as the economy softens.  But perhaps the more interesting message that history provides is that a new (higher) level of sustained M&A activity is noticeable in the past decade.  In fact, 1995 looks to be the line of demarcation, after which M&A activity expanded dramatically and remained relatively high (from a historical perspective), even in weak business environments.  Although there will be annual variances, elevated levels of M&A activity appear to be based on accepted business practices that are here to stay. 

Tax Rates. In addition to economic malaise, business owners are concerned with possible tax rate increases, specifically the capital gains rate.  A capital gains tax is charged on the profit realized on the sale of an asset, including a privately owned business.  The 2003 Tax Act reduced the maximum capital gains tax rate from 20% to 15% for long-term capital gains (investments owned for at least 12 months)[1], creating an exceptional tax-saving opportunity for business owners looking to sell, given that the rate had not been below 20% in the past 60 years[2].  The five-percentage point reduction was not a permanent change, however.  Originally set to expire in December 2008, President Bush extended the lower rate[3]. 

Although the lower rate is now not due to expire until 2010, the change in the White House may raise the issue sooner.  With an administration change in January 2009, the capital gains rate debate is expected to surface again.  Senator Obama had said he would raise the long-term capital gains rate to 25%-28% for families making more than $250,000; Senator McCain stated he wanted to keep the rate at its current 15% level[4], but admitted a Democrat-controlled congress could force a rate hike.  Either scenario makes today’s capital gains tax rate probably the lowest we’ll see for decades to come.  

Personal Factors Take Priority. The decision to sell a business is not primarily tax or economy driven.  While owners sometimes look to maximize value during an attractive M&A cycle or capitalize on a consolidation trend in their industry, most private business sales are motivated by personal factors.  These can include a wish to retire, advancing age, declining health, a desire to reduce the personal risk associated with a large concentration of wealth in one asset, or the realization that family members are not interested in taking over the business.  While external factors can certainly affect the outcome of a business sale (including the price and terms of the transaction), they usually are not the driving force.  

Regardless of your exit motivation, it is never too soon to start preparing for a transition.  In fact, savvy business owners begin to prepare for their transitions early – often years in advance of a transaction.  Some of the initiatives that owners undertake to get ready for a future transition include setting up family trusts that can help minimize estate and gift taxes on the eventual sale proceeds, compiling proper (preferably audited) financial records on the business, and preparing business plans and detailed documentation about how the business operates. 

Planning for a transition can seem overwhelming, but business owners are not expected to do it alone.  Tax, legal, investment banking, and financial planning experts can each play a critical role in preparing an owner for an eventual transaction.  Such experts can guide you through the planning process, and help identify and implement the most effective strategies to optimize value.  

You can reach Jeff Shoup of the Shoup Group at 404 842 2236.  

Morgan Stanley Smith Barney LLC and its affiliates do not provide tax or legal advice. To the extent that this material or any attachment concerns tax matters, it is not intended to be used and cannot be used by a taxpayer for the purpose of avoiding penalties that may be imposed by law.  Any such taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor.   © 2009 Morgan Stanley Smith Barney LLC.  Member SIPC.

Tax Filing for Business Sales and Acquisitions

Filing of IRS Tax Form 8594: Asset Acquisition Statement

When buying or selling a business one of the most frequently neglected tax forms is IRS Tax Form 8594: Asset Acquisition Statement. Generally both the purchaser and the seller must complete Form 8594 and attach it to their income tax returns (Form 1040, 1041,1065,1120,1120S etc) when there is a sale or transfer of a group of assets that make up or comprise a trade or business. The purchase price or basis in such assets is solely determined by the amount paid or the assets (i.e., the purchase price). The form is required, whether the group of assets constitutes a trade or business in the hands of the purchaser, the seller or both.

Form 8594 is attached to a taxpayers (individual, corporate, partnership) and applies to a LLC, LLP, C Corporation, S Corporation, Trust, Partnership or Proprietorship. Form 8594 should be included in the tax year and as part of the tax return to which the sale or purchase occurred. For purposes of determining if Form 8594 is required you would look to see if the group of assets that make up a trade or business has any going concern value or if goodwill would be attached to such assets.

Form 8594/Asset Acquisition Statement is addressed under IRS tax code Section 1060. The form requires both the seller or the purchaser to complete the form listing the other parties full address and Federal Identification Number/EIN. The form also requires that the total purchase price be allocated between six different classes of assets. These classes over, for example, cash, inventory, fixed assets and intangibles. For the purchaser this allocation is critical to ensure that all items purchased are correctly identified and treated correctly. For example in President Clintons first tax act he passed while President required intangibles, which are commonly referred to as going concern value or goodwill, to be amortized over fifteen years (these items are reflected on Section VI of Form 8594.

John Dillard is a Christian Speaker/Author and Certified Public Accountant (All Rights Reserved). To See how he takes Christ along with him to work visit http://www.hiscpa.com/ (An Atlanta  CPA firm) and for his latest book Overcoming Life’s 9/11’s: Job’s Journey and to learn about his ministry visit http://www.john-dillard.com/ To contact John Dillard CPA (Atlanta Christian Author/Speaker) today call 770. 814.9304 proudly serving Duluth, GA, Gwinnett County and Beyond.

“Dare to Attempt Something so Great for the Kingdom of God that it is doomed to failure, lest Christ be in it!”

What, then, shall we say in response to this? If God is for us, who can be against us? Romans 8:31

Why are these verses here? Learn how HIS CPA became a Christian Accounting firm visit http://www.hiscpa.com/christian-CPA.html

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 Acquisition/Sales, Forensic Accounting, Business Valuations and Bookkeeping.

Atlanta CPA on Valuing Your Atlanta Business

Atlanta Business Valuations: How to Prepare and Understand a Business Valuation

Whenever you are contemplating buying or selling a business, presently own your company, or in the midst of estate planning, the value of a business is a critical component in all planning, acquisitions, or marketing your business. The most essential component of preparing or understanding a business valuation is a requisite knowledge of how to prepare and review Financial Statements. By first understanding these you are now well poised to begin to detect and review the nuances of a company’s operations, which then will provide insight so that you might be able to best Manage the Heart Beat of your Business.

A learned analysis of  the basics of the information a Balance Sheet and Profit and Loss are prepared and the information to be gleaned, we are well armed to understand and apply many factual pieces of information that are available when properly analyzed. Though the best indication of a business’s value is what a willing buyer desires to pay and a seller is willing to accept, these insights will help guide you to many techniques and variables which will give you insight into what a business’s true value might be. An on-going business with the value of its cash flow, goodwill, and customer lists will be generally worth far more than a business that is liquidating. The below variables and analysis are directed to a business for which is presently in business and plans to remain so.

Net Income Before Taxes

The first place one typically looks to see the value of a business is its net income. Absent a positive net income or other substantive mitigating factors, the absence of a positive net income will dramatically lessen both the cash flow of a business and accordingly its overall value. In looking at a business income there are several variables that are most often considered and it’s typically different from industry to industry with businesses in different market segments being valued dramatically different than that from others. Frequently net income is evaluated under both a multiplier of net income or a rate of return comparison, of which one evaluates the amount of investment to buy a business relative to its cash flow.

Compensation/Benefits for Owners and Key Personnel

What an owner takes out in salary as far as his overall compensation/W-2, distributions, and benefits typically is also included along with net income as being part of the discretionary income included in consideration. Typically these are counted similar to a company’s net income amount when calculating a business’s overall net worth and multiplied or included along with the rate of return considerations.

Interest Expense & Other Non-Cash Charges

Non-cash charges such as depreciation and amortization are also added back to the net income amounts when evaluating a business value. As these items are legitimate financial and tax deductions of the business, they do not negatively affect the cash flow of the business so these monies are added back to the net income totals/rate of return analysis accordingly.

Desired Rate of Return & ROI (Return on Investment)

Not only are rates of return important with making an investment in a mutual fund or other investment, they are also a critical component of measuring a company’s overall value when looking at making or maintaining an investment. One should always be cognizant of the rate of return of a business and the other financial opportunities available at any given time as one would be prudent to always best invest where ones money may be multiplied.

Typically in a growing profitable business a business owner’s rate of return is best served by investing in one’s own business as often a few dollars may be turned over many times in a year making an additional rate of return on each completed sales cycle. As with all things in life, however, a business owner should not ignore other Risk Management/Retirement issues so as to keep all of their goals in continual mind leading to a balanced debt load between business and personal issues.

Sales Revenue Growth & Expectations

Several industries utilize as their base model a multiplier of sales as a business valuation method. This is perhaps most often used when the overall profitability of a particular industry is more constant than not. Although due diligence should be properly applied in evaluation past, present, and anticipated sales; focusing on this model alone would not result in the fairest evaluation of a business’s worth because of net income, salary, benefits, and a review of the other assets of the business.

Technical Ability/Training Level of Staff

A business that has a well-trained and competent staff is worth much more than one who does not. Care should be given to carefully evaluate and review credentials of both critical and support staff as it takes a team effort to make a business successful. Evaluating and reviewing resumes, personnel records, accreditation’s, and degrees are all meaningful steps in this process. Special care should be given as to whether a particular business will need a hands own manager or if the present staff are capable of the autonomous running of the business.

State of the Economy/Understanding Market Dynamics and Their Business Impact

Though there are no guarantees regardless of how good an economy is as businesses fail in both an up and down economy. A business with a good product, being in the right niche, having the right people, and in the correct location has a much better chance of success than one who does not satisfy these critical business components. However any good business valuation would be foolhardy should it fail to appropriately take in the national and worldwide economy as with world shrinks as technology expands.

No longer are cities, counties, towns, states, and even countries isolated as the impact of a global economy impacts all. Rising gas prices for example have immediate impact on consumer discretionary and perhaps a much longer effect as the rising cost of fuel/oil impacts the transportation and production cost causing a ripple effect throughout the entire economy. Additional and heightened scrutiny should be done at the local of a business studying the changing demographics of a business immediate climate. Discovering the age, income, population, its spending patterns, traffic flow, zoning, political environment are all critical components of valuing as well as opening any business.

Lease Agreements & Fixed Asset Review/Analysis

A detailed evaluation of a company’s fixed assets/lease agreements should be done by item to ensure that fixed assets and leased equipment are in good working condition and are fit for their intended purpose. An evaluation should also be done to review as to whether fixed assets will have to be replaced, when, and their approximate replacement value. Leases, both for rented space and equipment, should be carefully reviewed to ensure that one understands all of the variables of a business and their impending impact on a business’s value.

Intellectual Property and Non-Compete Agreements

Having all the best equipment, the latest technology, a well-trained and efficient staff, and in a good economy are all indicators that positively impact the overall value of a business. However, just as a business is able to place locks on its doors and incentives to its employees, a business also needs to do what it can to protect its business interests. A business invests thousands of dollars and often years in the specialized techniques and skill set critical to a business operation and its success. Accordingly it is wise to consider having key staff sign a non-compete agreement restricting their ability to steal your clients and employees.

Due care and consideration is of the utmost at this time to ensure that you have a well drafted agreement which will be legally enforceable as many states, Georgia included, will not enforce any of a non-compete if it is deemed to be too broad or restrictive in scope. As such you will want to be sure to retain the services of an attorney who is familiar with these statutes and particularly those of the states in which you business operates/the agreement would be enforced.

Also a business with intellectual property such as patents, copyrights, and other specialized procedures will want to be sure to both formally and legally protect their interests. Often this process might also result in an individual/company being asked to sign a non-disclosure agreement to protect the ideas and processes of a company.

By skill and wisdom to business techniques, processes, and overall business strategy we are well placed to help you make what may well be the largest financial decision you will ever reach.

John Dillard is a Christian Speaker/Author and Certified Public Accountant (All Rights Reserved). To See how he takes Christ along with him to work visit http://www.hiscpa.com/ (An Atlanta  CPA firm) and for his latest book Overcoming Life’s 9/11’s: Job’s Journey and to learn about his ministry visit http://www.john-dillard.com/ To contact John Dillard CPA (Atlanta Christian Author/Speaker) today call 770. 814.9304 proudly serving Duluth, GA, Gwinnett County and Beyond.

“Dare to Attempt Something so Great for the Kingdom of God that it is doomed to failure, lest Christ be in it!”

What, then, shall we say in response to this? If God is for us, who can be against us? Romans 8:31

Why are these verses here? Learn how HIS CPA became a Christian Accounting firm visit http://www.hiscpa.com/christian-CPA.html

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 Acquisition/Sales, Forensic Accounting, Business Valuations and Bookkeeping.

Atlanta CPA on Buying or Selling a Metro Atlanta Business

Your initial investment and set up might be the most important financial decision you ever reach for the new business owner. Knowing what is important, how to review a business from the outside in and its valuation are all critical components of the process.

Reviewing these articles and research will do much to help you along the way as you consider the buying of a new business or the selling of your present one.

Mergers and Acquisitions

Factors to Consider When Valuing a Business
Although each and every business is different learning basic valuation techniques will put you well ahead of others when evaluating either the value of your own business or a potential purchase.

http://www.hiscpa.com/business-valuations.html

Due Diligence when Buying a Business
Digging beyond the financials will enable you to see beyond what the numbers alone can tell. Studying manpower required, dependence levels on different products/customers, reviewing contracts and leases, and protecting intellectual property are all critical components of any wise evaluation process.

http://www.hiscpa.com/accounting-checklist.html

Business Plans

Writing a Business Plan
Writing a Business Plan is your first best step to help your new business survive. A business plan is an invaluable tool that you will want to refer to often to ensure you business stays on track and maintains and achieves all of its operating goals.

http://www.hiscpa.com/business_plans.htm

Resume

Resume of John Dillard, CPA, Accountant
Read in detail the depth of the past experiences, accomplishments, and achievements of a CPA who takes Christ along with him each day to work. Studying tax law and by utilizing wise discernment are hallmarks of his past and future work.

http://www.hiscpa.com/resume.html

John Dillard is a Christian Speaker/Author and Certified Public Accountant (All Rights Reserved). To See how he takes Christ along with him to work visit http://www.hiscpa.com/ (An Atlanta  CPA firm) and for his latest book Overcoming Life’s 9/11’s: Job’s Journey and to learn about his ministry visit http://www.john-dillard.com/ To contact John Dillard CPA (Atlanta Christian Author/Speaker) today call 770. 814.9304.

“Dare to Attempt Something so Great for the Kingdom of God that it is doomed to failure, lest Christ be in it!”

What, then, shall we say in response to this? If God is for us, who can be against us? Romans 8:31

Why are these verses here? Learn how HIS CPA became a Christian Accounting firm visit http://www.hiscpa.com/christian-CPA.html

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, Bookkeeping.