Atlanta CPA on What Atlanta Taxpayers Need to Know Before Your Buy Tax Software …A Financial Survivability Series

Providing Atlanta With Bookkeeping, Accounting Needs & Financial Statements for Decades

The Financial Survivability Series is for taxpayers who are looking to “Get More” by seeking advice that is both salient, wisdom-filled and insightful. Today’s Series focuses on whether you should prepare your own tax return. I recommend that all business for profit owners seek out a business CPA who is well versed, experienced and informed in such matters.

Countdown of Top 10 Things Your Accounting & Tax Software Might Not Be Able to Do

10. Pass the CPA Exam.
9. Go to College.
8. Win An Award For Giving Back to the Community.
7. Discuss Incorporating in Georgia and Entity Selection Issues.
6. Assist You With Back Taxes, IRS Representation or an Offer in Compromise.
5.Get a Law Passed in Georgia Making it a Better Place For All to Live.
4. Rely on Decades of Work Experience to Ensure That You Pay Only Your Lowest Legal Possible Tax.
3. Help Provide You Retirement Planning Options For You and Your Business.
2. Serve as a Atlanta CPA Part-time CFO/Controller for  You and Your Business.
1. Ask You How You Feel.

If you have ever performed your own major surgery without being a duly licensed and trained doctor or if you have ever attempted to fly to the moon without being either a highly skilled pilot or astronaut then you might want to fly full steam ahead.

As a CPA I have learned and continue to learn that I do not know what I do not know and that buying technology to help me get there faster is akin to using speed dial to dial wrong numbers faster. Just as the tools of a skilled surgeon will not enable me the skills, knowledge, verve and wisdom of a Board Certified Physician, neither will a software program make you a skilled CPA.

CPA: Never Underestimate the Value

John Dillard is an Christian Speaker/Author and an Atlanta CPA. 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.

Atlanta CPA Provides Tax Tips for Atlanta Business Owners to Prepare Their Georgia Corporate Income Tax Returns…A Financial Survivability Series 

This is the Fourth of a Series of how you can look to the future by analyzing the present to help plan both short and long term for the future. Looking not to our own devices but to serve the needs of others is always on the forefront of our advice as be both start a New Year and Prepare for Tax Season. Being sure all business clients have a sound basis and broad understanding of Corporate Tax Law should be a CPA’s primary responsibility to ensure that you Pay Only Your Lowest Legal Possible Tax. Below is a sample letter I might send a client to ensure that they both understand and can apply Tax Law to both their Income Tax Returns and to tax plan for accordingly:

Your Returns are  essentially 100% done as I wait on the final forms to be approved by the IRS. 

Please be sure that you do not pay any Shareholder Distributions in excess of your Tax Basis/Retained Earnings account. Otherwise all shareholders of your S Corporation may have to pay capital gain taxes on their personal returns as a result of distributions in excess of their Tax Basis/Retained Earnings. Care should be taken to ensure that all issues affecting Tax Basis are reflected including loans both to and from shareholders. In subsequent years, when basis/profits is higher than you can pay out these monies to the business owners as Shareholder Distributions. 

In 2008 Georgia changed the way the Apportionment of Profits and Losses are reflected. Starting that year the State Apportionment on Georgia S Corporation Returns was changed to say that tax is imposes only on that portion of the business income which is reasonably attributable to Georgia sources and property owned and business done within the state….receipts shall be deemed to have been derived from business done in Georgia if there were received from products shipped or delivered to customers within the state.  

Below you will find substantive articles to help Atlanta Small Business Owners plan for their yearend tax liability and to ensure they stay in active compliance with all tax, regulatory and licensing rules. 

How to Avoid an IRS Audit for Atlanta Taxpayers
Discover simple steps that you can do to help prevent an IRS audit. Though the tax code is at times very difficult to understand and comply, these basic simple steps will help you avoid an IRS audit. See http://www.hiscpa.com/avoiding-audits.html

Solving IRS Tax Problems: Submitting an Georgia Offer in Compromise
When all else fails and if you qualify, the IRS and Georgia both have a program which will enable you to work to solve the severest tax problems. Visit http://www.hiscpa.com/offer-in-compromise.html

Utilizing IRS Installment Plans for Metro Atlanta Taxpayers to Pay Your Past Due Taxes
The IRS has long been in the business of helping taxpayers get back into the system to ensure that taxpayers are able to pay their taxes over time. For those who do not qualify for an Offer in Compromise or to pay the taxes and interest in full, while seeking penalty abatement, an Installment Plan is a prudent and wise choice and alternative to get your past taxes due paid and current. See http://www.hiscpa.com/installment-plans.html

John Dillard is an Christian Speaker/Author and an Atlanta CPA. 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

Gwinnett CPA on What Atlanta Taxpayers Need to Know Before Your Buy Tax Software 

If you have ever performed your own major surgery with out being a duly licensed and trained doctor or if you have ever attempted to fly to the moon without being either a highly skilled pilot or astronaut then you might want to fly full steam ahead. 

As a CPA I have learned and continue to learn that I do not know what I do not know and that buying technology to help me get there faster is akin to using speed dial to dial wrong numbers faster. Just as the tools of a skilled surgeon will not enable me the skills, knowledge, verve and wisdom of a Board Certified Physician, neither will a software program make you a skilled CPA. 

CPA: Never Underestimate the Value 

Atlanta CPA Provides Top 5 Financial Tips for Atlanta Business & Individual Taxpayers for 2010 as You Plan for Retirement…A Financial Survivability Series

Though there are many financial advisers and CPA’s alike of all shapes, sizes and types have views otherwise, I believe the best way to survive a recession is to always act like you are in one. These precepts, if you let them, will do much to change your paradigm about the way you spend and invest money. For it is by our leaning on the wisdom of others that we are best able to learn what we do not know and to avoid costly burdensome and avoidable mistakes. Just as we are to put on the Very Armor of God to be prepared for life’s challenges, so should we be wise and judicious in managing all of your financial affairs. Also, it is prudent to always keep in mind that all good and perfect gifts come from God and as revealed in the Parable of the Talents, God will take away from all those who fail to be a wise manager. These tips will do much, if you let them, to change your financial peace and to allow you to sleep more peacefully at night: 

1.      Ten Year Rule. Watch the Little Things. Just as in life many smaller indiscretions lead to bigger ones so it is with managing your money. Being sure to watch and limit, what appears to be the little purchases, will do much to help you build a nest egg and to plan for retirement. One of the best tips I uses for this I call the Ten Year Rule. All too frequently I hear people describe and expense as being insignificant by saying “it’s only a $100 a month.” By applying the Ten Year Rule to his thinking you will soon discover that what appears to be only a $100 a month is indeed $1200 a year and is $12,000 for a decade, and that’s not “chump change”.

2.      Be Debt Adverse. In the Bible we are encouraged as a Body of Believers to always a borrower and a debtor be. The recession was caused predominantly by greed. Greed by those who wanted to make every loan possible regardless of time tested techniques in determining fairly the capacity of debtors to repay a loan and greed by those who procured loans, where any small hiccup would derail their ability to repay a loan. Just as in all phases of life, there is a Day of Reckoning that avails itself, especially to all who are unduly financially burdened.

3.      Limit the Rewards. Several years ago I was working with a client who had achieved a financial goal they had set for themselves and set out and purchased a luxury vehicle costing over $50,000. They did this all the while knowing that their business owed over $200,000 in taxes. I believe that along the way we should always stop to celebrate achievements, graduations, job promotions and many other varied issues of success. However these should be tempered with practicality, rather than debt. Rewards in life will often be large and luxurious, but the price tag should not include going into debt. Though many a bride and groom want a big wedding the celebrate the joy of their union as well they should, but this expenditure should be appropriate given the size of their income and bank account and not based upon the availability of a credit card balance. For example at a recent wedding I attended the groom actually served as the wedding coordinator and family members volunteered with many of the set up issues to dramatically limit their expenses, while sacrificing nothing on the event itself.

4.      Do the Opposite. This advice is not for the faint hearted or for those who sleep lightly at night for it is often our passions and not our logic that dictates our steps. History has taught us that it is when the market is soaring higher than higher that our human frailty dictates that we will buy at this time guaranteeing that we will buy when the market is at or approaching its peak. Conversely it is when the marked is in a tailspin and values are plummeting that people are prone to jump out of the market thereby guaranteeing the sales price received approximates the lowest price possible. Whether in good markets or bad, I believe basic investment strategies should not change. Keeping in mind your mind open and all the options available at the forefront of your mind will do much to ensure that you have peace of mind when making financial decisions. Although I do not look forward to a down market as this would be imprudent; however I do take advantage of a soft market to invest as stocks and investment options are all at bargain prices.

5.      Play Act. I bet this is one you have never heard before, but I believe Play Acting will do much to avoid problematic spending, acquiring debt and all types of investing decisions. The goal of Play Acting is to ask the “What If” questions. What if questions include, what happens if I get sick, become disabled, the market tanks, and my spouse or myself lose a job or even die? What am I going to do? What is my wife and family doing to do if I leave them in a predicament unable to take care of or fend for themselves as I have unduly burdened myself or them, by mortgaging their future with no margin for any financial miscue of any type. It is also prudent to Play Act before putting money in the Stock Market as the many varied and highly likely ups and downs in the market will do much to challenge but all of the very seasoned investor. Stock Market is not for everyone so do not be led to pursue any investment where you are unable or unwilling emotionally or financially to burden the risk and still sleep at night.

“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  

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.  

We advise clients on: IRS representation, Offer in Compromise, Tax Problems, and Incorporation in Georgia, Corporate and Personal Income Tax Returns, Part-time CFO, Virtual Controller, Business Planning, Offer in Compromise, Back Taxes, Business Acquisitions/Sales, Forensic Accounting, Business Valuations and 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.

At His CPA PC, Fee wise me are priced mid-range while quality wise we strive to me second to no one. 

I believe if you will spend some time with the below client testimonials you will be most favorably inclined. 

Cost wise for the below clients there was an approximate dramatic return for savings vs. fees. As you could imagine we cannot guarantee such for future billings but it is a part of our past history available for your review. 

Beverly A. Anderson
Anderson Realty, Inc.

Alan Carson
Carolina Microwave

Ingrid R. Torsay, Assistant Professor of Accounting
Dekalb College

Linda Maxwell

Robert C. Smith
Lumina

Scott J. Wilson, PhD
Media Magic

Michael Durkee

Isaac and Gloria Powell
Powell’s Learning & Development Center, Inc.

Leonard J. Seligman, Chapter Chairman
SCORE

Fred J. Macfee, Chairman
SCORE

Charles E. Anderson, District Director
US Small Business Administration, Georgia District Office

Paul D. Coverdell
United States Senate

When they had sung a hymn, they went out to the Mount of Olives. Then Jesus told them, “This very night you will all fall away on account of me, for it is written: ” ‘I will strike the shepherd, and the sheep of the flock will be scattered.’ But after I have risen, I will go ahead of you into Galilee.” Peter replied, “Even if all fall away on account of you, I never will.” Matthew 6 25:33  

John Dillard, CPA of His CPA, PC, 1940 Woods River Lane, Duluth, GA 30097  Phone 770-814-9304   http://www.HisCPA.com/    http://www.John-Dillard.com/

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

Atlanta CPA Provides Top 10 Business Resolutions for Atlanta Entrepreneurs for 2010…A Financial Survivability Series 

This is the Second of a Series of how you can look to the future by analyzing the present to help plan both short and long term for the future. Business Owners throughout Metro Atlanta will continue to be challenged as the U.S. economy strives to unlock itself from the economic frailties which still hold it down. Struggling with a Weakening Dollar, a High Jobless Rate, Limited Demand and Purchasing Power still have to overcome to get our economic steam engine back on track. Until prudence becomes a fore bearer in all economic decisions our economy will struggle and our government will continue to get bigger. Change happens, as in all issues; at the base level and it is therefore at this point that business owners need to focus their efforts to both streamline their business and to maximize profitability. These Top 10 Business Resolutions will enhance your business and help ensure your company’s long-term survivability. 

1. Manage Your Margins. Knowing what you make on every single product, line and in totality is perhaps the single biggest predictor of a company’s total year profits. Managing Cost of Goods Sold is essential and is frequently the difference between an adequate economic return on goods and services on one end of the spectrum to dismal profits and losses on the other.
2. Have a Budget. Don’t live by the old adage, aim at nothing and your will hit bit it, but rather strive to know and anticipate trends in the international and local economy, spending habits and economic variables. Though life is what happens, while one is busy making plans, the budgeting process itself, more so that then end result, will do much to help you gain added insight and information throughout the year in order to transcend individual decisions, while focusing on the bigger picture.
3. Prepare a Cash Flow. The adage Cash is King is prevalent and necessary in both a down economy and when managing a business. All too frequently I have watched as business owners spend what appears to be excess funds, while immediate and fiscal needs will soon deplete  what appears to be an abundance. Preparing a cash flow statement each time a substantive expense is contemplated will do much to ensure that you company does not run out of cash when it needs it the most.
4. Utilize Your Financials. Knowing where you are is the best information one might have in order to get to where you are going. Just as a ship on the ocean determines where they are at by using the stars and a sextant, the financial statements of the business owner will help ensure that you are aware of your available cash, trends, overall debt, profitability and sales. This information is the single best source in which an entrepreneur can make wise and informed business decisions.
5. Have a Plan B Ready. No matter what one expects and plans for, contingencies will occur disrupting your solace and challenging your resolve. Therefore it is prudent and well advised to expect the unexpected and be ready no matter what occurs. It is advantageous to consistently keep alive in your planning variables the losing of your biggest client or your best employee going elsewhere. Business Owners who make such allowances will thrive and not just survive when financial variables rock their world.
6. Develop a Strong Web Presence. As the world continues to shrink with the advantages of technology and the Internet intertwine our world, having a web presence is becoming more essential that ever before. The world now does a large portion of its shopping on-line and is expected to grow yet larger still. It is not unheard uncommon to hear business owners remark that an increasingly larger portion of their business is being produce solely from marketing their business off of the World Wide Web. Many business owners and retail users alike will look first, predominantly and solely to your web presence in making their financial and purchasing decisions.
7. Developing a Sound Management Team. In the increasingly complexity of this world it is increasingly necessary to have sources for all of your most critical business needs. Having a CPA, a banker, an attorney, a financial planner and a good insurance agent are all components of a good management team, which will be required to take your business to the next level. Knowing when to call on them is much more of an art form than a science. Working most closely with your CPA and closest financial advisers will do much to ensure your business survives.
8. CPA: Never Underestimate the Value. I believe that this should be a category unto itself as a Good Business CPA will be well versed in the various tax issues, financial statements, budgeting, cash flow, and personnel issues. A Good CPA is worth their weight in gold to help you avoid the pitfalls and mistakes that imprudent owners will fall prey to, as they mistakenly make major financial decisions and commitments, while failing to contemplate the longer range impact of these decisions. A Business Owner who seeks wise counsel is indeed following Proverbs of the Old Testament.
9. Procure Lines of Credit in Advance. There is nothing more challenging nor sad than a business owner who fails to plan in good times, for the bad ones which are always to follow. Having a credit line, procuring needed sources of financing whether permanent in nature, leases or SBA loans is essential to overcoming financial challenges that will occur along the way.
10. The Devil is in the Details. Though a funny slogan, nothing could be more in line with the truth. Taxes, licenses, administrative details, income tax planning and all of the many varied payroll tax issues are all capable of derailing as well oiled train. Not taking care of these issues the first time correctly will ensure that your world and your business will not be the rosy place you once imagined. Taking care of all of the many tax, licensing, incorporating and trade marking issues are all essential pieces of a sound business model. 

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, and Incorporation in Georgia, Corporate and Personal Income Tax Returns, Part-time CFO, Virtual Controller, Business Planning, Offer in Compromise, Back Taxes, Business Acquisitions/Sales, Forensic Accounting, Business Valuations and 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 CPA on Christian Financial Business and Money Management

Taking your faith to the streets means that you lay it all on the line and not just your Sunday church attendance. Being like Jesus requires Faith in Action, Belief in Motion and Being the Hands and Feet of Jesus Christ. I have found that when I put my whole heart, mind and body into action that indeed my life is easier rather than harder. Recently I had the opportunity to meet an Atlanta Christian Money/Financial Planner, who wrote of his concerns. I share this to challenge you to lay it all on the line for Christ! 

Thanks for all the information about your business. I enjoyed reading it. I believe you are a person of vision who would like to lead like Jesus in making significant changes in this world and for our future Kingdom. I have believed and worked for many years in ministry and in support of the education that advocates my belief in a strong financial educational background that impacts us today and for our future. However, many people I have known regrettably can be deceiving both in their desires and in their beliefs, especially some in the professional financial arena. And so I am cautious as I’m sure you have met some of them as well.

Bookkeeping for Your Atlanta Small Business
Learn the ABC’s of accounting for the business and financial operations of your business. Visit http://www.hiscpa.com/keeping-books.html

Preparing and Reviewing Financial Statements for Atlanta Business Owners
Financial results of your business are like a doctors chart of their patient, this will help enable you to understand financials and their use. See http://www.hiscpa.com/financial-statements.htm l
 
Monitoring & Preparing Your Financial For Your Atlanta Business
Month-end control procedures are critical, as any variance to these will negatively impact the reliability of your internal financial. These are just a few of the tips we give clients each and every day. http://www.hiscpa.com/monthend.html

Contact HIS CPA PC (A Christian Atlanta 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 an Atlanta CPA. 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 CPA Illustrates Directory of Tax Issues Facing Atlanta Taxpayers When Preparing for Their Year-End 2009 Taxes

Failing to Prepare is Preparing to Fail. We focus on what we can do to interpret the future solely than rather how best to interpret the past. The below will give you a sampling of what you can personally do to get your business ready for you yearend 2009 tax bill:

Based upon your advice that your business will net approximately $100,000 more than last year, you will want to make sure you pay by year end $30,000 to the IRS and $6,000 to GA. 

I am mailing to you Estimated Tax Payment Forms for you to use to pay any shortfall.

Though these are dated to be paid 1-15-10, please be sure to pay them by 12-31-09. 

Please note the estimated tax payment forms I am sending you are blank. To fill in the amount and pay please use the above tax amounts that will be owed for the year less the respective withholding. Please be reminded that tax law requires you to pay a fair and reasonable salary given position and profit.

Please be reminded that you can fund a SEP/IRA up to 25% of your gross wages. To the extent you opt to fund a SEP/IRA then you can reduce the year end estimated payments by 28% to the IRS and 6% to Georgia

To help illustrate, I have provided the example below: 

If your year to date federal withholding is $18,000 and you decide to fund your SEP/IRA by year end by the amount of $20,000 then you will reduce your year-end estimate by $2800.

Original Tax Estimate to IRS without SEP/IRA                       $ 30,000

Less year to date federal withholding                                            18,000

Less tax savings of funding SEP/IRA                                              5,600

Net amount to be paid IRS by year end                                      $ 6,400

To learn more about how you can prepare for your year-end taxes visit:

http://www.hiscpa.com/incorporating-ga.html Duluth CPA Helping Georgia Business Owners for 30 Years
http://www.hiscpa.com/incorporating-nv.html Gwinnett CPA Advises Of Incorporation Pitfalls
http://www.hiscpa.com/incorporating.html Gwinnett Christian CPA Helps with Basics of Incorporation
http://www.hiscpa.com/business-tax-returns.html Duluth Christian CPA Helps Georgia Business’s with Corporate Income Taxes
http://www.hiscpa.com/depreciation-expense.html Atlanta Christian CPA Firm Helps Explain Depreciation Expense Deductions
http://www.hiscpa.com/tax-basis.html Atlanta Christian CPA Firm Advises on Selecting an Accounting Method
http://www.hiscpa.com/independent-contratctor.html Duluth Christian CPA Firm Helps in Determining Employee vs. Independent Contractor Status
http://www.hiscpa.com/employee-checklist.htm Gwinnett CPA Firm Advises on Hiring Employees – A Checklist for Small Businesses

 John Dillard is an Christian Speaker/Author and an Atlanta CPA. 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!  

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

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.

The Power of your Financial Personality

We all know how important an engine is for a winning race car. A successful racing team understands what’s under the hood of their car and how to make it perform to the highest level.  In the same way, it is important we understand our own ‘financial’ engine and how it performs.  We call this engine our financial personality. Discovering our financial personality and understanding how it affects our decisions is critical to financial success.  

Many organizations will tell you that you need to behave in a certain way if you are going to be successful financially.  Attempting to change who you are is not only frustrating, but is not in line with God’s will for your life.  Learning to work within your personality is the key to financial success. 

Romans 12:4-8 tells us that we were each created with different gifts and talents that make us unique. You should not try to change who God made you, or attempt to change others.  Rather, you should use the talents God gave you to become the person He designed.   

In counseling singles and couples over the years, we have seen four universal traits that drive financial decisions and behaviors. The first two contrasting traits drive how we think about money.  Most people are either spontaneous or analytical.  Spontaneous people are more emotionally driven in their thought process.  Analytical people like to think and ponder before making a decision.   

The second two contrasting traits tell how we behave towards money.  Cooperative people like to make sure all sides are heard before making a decision.  Assertive people have no problem telling individuals what they want regardless of conflicting opinions.  By combining these traits, we have found people generally fall into one of four financial personalities.   

Read through the four personality types below and see which one you identify with the most.  Remember, there is no right or wrong personality and each one has its own strengths and weaknesses. 

Statesmen are a combination of cooperative and analytical traits. They are generally tactful with people and tend to be comfortable with their finances. They like to set goals but may be too passive when it comes to executing those goals. They easily adapt to other points of view.  Statesmen are conservative savers and investors.  They plan for tomorrow but not at the sacrifice of today.   

Cruise Directors are both spontaneous and cooperative. They generally have a charitable heart toward others and are givers. They also tend to be somewhat impulsive and get pleasure out of spending money. They generally have no desire to get wrapped up in financial planning and are not driven by specific financial goals. Cruise Directors think about today and don’t worry much about tomorrow.  

Litigators are assertive and analytical. They are calculated risk-takers and disciplined savers. They tend to set goals and plan for their financial future. Given their assertive style, they tend to take charge of their money.  Family members may see them as overbearing or rigid.  Litigators plan for tomorrow, sometimes at the sacrifice of today. 

Race Car Drivers combine assertiveness and spontaneity. This allows them to multi-task with the ability to make ends meet. They tend to have an entrepreneurial spirit but can be emotionally drained by the challenge of juggling their personal finances.  Race car drivers are generally risk takers.  While very financially active, race car drivers tend to struggle with consistent financial progress.  They tend to think about tomorrow but may not be able to get past the issues of today. 

When you understand your financial personality and that of your spouse, if married, communicating about finances is easier and more effective.  Better communication leads to a more solid financial plan that works long term and you will begin to make financial decisions that work for you! To learn more you can contact Mike Haswell at 770.995.7593 or visiting www.storingtreasures.com

Gwinnett CPA Provides Directory of How Atlanta Business Owners/Entrepreneurs Can Get a Business Loan

Getting Your Banker to Say Yes to Financing Needs…Getting Financing For Your Business includes getting to your banker information they will need to properly evaluate your business credit/repayment ability and whether or not to extend financing to your business. Getting these items to your banker in one well-organized and documented marketing package will do much to assist the banker/lender in both feeling comfortable with extending financing to you and your business as well as properly evaluating your business. By putting together a good “package” for the banker you have the ability to put “your best foot forward” thereby allowing your story to be told.

If you have a good business, good cash flow and good opportunities for the future, ensuring that your loan package for your banker will do much to help ensure prompt completion of your loan request. A well-organized loan package will include:

-Last two years corporate and personal income tax returns

-An interim/year-to-date financial statement

-A sound and logical business plan

-Business promotional brochures

-A narrative cover letter detailing the needs and use for loan monies

-Any other substantive corroborating financial, operational, industry, demographic and economic information

The goal of all of the information will to that it will essential tell a story and that the loan request will be viewed by the banker/lending source as a natural progression and logical decision for both the company and the bank. Keeping in mind that banks only make money when you pay back the loan in full along with interest will do much to ensure that your business plan and strategy for the use of the money are well-thought out and organized. Essentially a bank or traditional lending source is looking to extend credit only when they believe you and they both believe they will be repaid.

Recently we helped one of our clients with an introduction to a smaller but well capitalized bank in placing with them a total credit of $200,000, in spite of the recent bad economic news. I have learned over the years while practicing as an Atlanta CPA that frequently working with small banks offers much more flexibility than larger banking institutions. Accordingly this particular $200,000 line was place with what would be deemed a predominantly local/regional bank.

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

Helping Clients with Corporate & Personal Income Taxes, Incorporation Advice, Tax Planning, Virtual CFO, Financing, Business Plans, Back Taxes, Offer in Compromise, Tax Advocacy, Business Acquisitions & Sales, Business Plans, and IRS Representation. 

Serving 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, Gwinnett County, North Fulton County, DeKalb County, Hall County, Clayton County, Cobb County, Forsyth County, Hart County, Jefferson County, Duluth, Alpharetta, Johns Creek, Lawrenceville, Milton, Norcross, Snellville, Roswell, Buford, Cumming, Grayson, Lake Hartwell, Suwanee, Sugar Hill, Loganville, Lilburn, Dunwoody, Gainesville, Decatur, and Beyond