Archive for the ‘Gwinnett CPA’ Category

Gwinnett CPA on Marketing to Gwinnett Business Owners: Networking Times Two

Wednesday, October 28th, 2009

Gwinnett CPA on Marketing to Gwinnett Business Owners: Networking Times Two 

Networking to Gain Exposure for Your Gwinnett Based Business 

Marketing is for the faint hearted or for those who are ready to stay the course. Whether you are brand new in your business or have been in business for decades, those who chose to not focus or strategic marketing efforts are doomed to fail Below is a recent note I received to explore co-marketing efforts.

Thanks for the email. A colleague of mine and I are planning a major push into the small businesses of the Gwinnett Chamber Business’s for 2010 as we both have experiences and relationships with the chamber staff and businesses. We are both very experienced in retirement plans for small businesses and are planning to leverage this as a major theme. To that end we have been meeting this fall with the various retirement plan providers in the industry and some active money managers. We have secured a list of small businesses with retirement plans in the county. Do you see any way your services and ours can be combined to pursue these small businesses in this county and would you be interested in working with us if you have some ideas? Let me know.  

I have found the Internet to be a sound ally and friend in penetrating the marketplace. For example I just did a search on the Internet using the key words “Atlanta IRS Representation.” Of the thirteen top listings His CPA PC was all but four of them. By using the power of computers and their willingness to work around the clock, you can look to options to leverage your efforts locally, in the U.S. , and throughout the world. However often “pressing the flesh” as they say and being active in the community might be a better or perhaps an additional way to promote integrity into the business community where you both work and live. It was to this end that I drafted the below response to the above inquiry received.

If I were to suggest my inclusion to would be an add on to what you are presently looking to do. I would be more than willing to offer a free on obligation evaluation to business owners whom I believe would find the insight informative, thought provoking, and tax saving. Too frequently I see returns where tax preparers did the return rather than someone who strives to evaluate a return from an owner’s perspective while addressing both short and the long-term goals of investing and retirement planning. 

Running a business is not for the meek or heart or ill advised and having a CPA who is well versed as a Chief Financial Officer and do much to influence operating results, assist in job costing, standardized reporting, hiring, compensation agreements for key personnel and substantive advice for business owners on the wide host of business issues facing them daily.  

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.

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Gwinnett Business Journal to Highlight Christian Author/Speaker John Dillard CPA

Wednesday, February 18th, 2009

Christian CPA, Gwinnett Author & Speaker to Appear in the March, 2009 Issue of the Gwinnett Business Journal

 

John Dillard CPA, a Gwinnett County resident and CPA since 1984 is set to appear in the March, 2009 Issue of the Gwinnett Business Journal. The Gwinnett Business Journal continues to be a beacon of business news for entrepreneurs of the Gwinnett region and beyond. The March 2009 issue is the Finance issue that is produced only one time per year and is scheduled to hit the streets in March and deadlines soon!

The Gwinnett Business Journal allows you to get  your message, products, and services in front of over 64,000 dedicated business professionals, executives and CEOs in 22 cities and 9 counties.
Plus:
92% of our readers are the decision makers for their company.
70% are planning business purchases involving accountants this year.
34% are planning business purchases involving financial planners this year.
28% are planning on taking out a commercial loan.
51.9% frequently purchase products and services from ads seen in the GBJ.
(Data provided by the CVC 2008 media audit)

 

To learn more about the Gwinnett Business Journal visit www.gwinnettbizjournal.com or you can contact

Jason K. Michno, Account Executive, Tillman Allen Greer
Gwinnett Business Journal | Wiki Guide to Gwinnett
1305 Lakes Parkway | Suite 119 | Lawrenceville | GA | 30043
O: 678.495.3629 | C: 404.642.0610

 

John Dillard is a 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 Christian  CPA firm) and for his latest book Overcoming Life’s 9/11’s: Job’s Journey 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.

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Gwinnett CPA on Gwinnett County Business Licenses

Wednesday, February 4th, 2009

Knowing the Ropes of Getting Your Business Started

 Gwinnett County along with the state is updating its Business License and Registration rules to ensure that all local business owners are indeed legal residents. From now on, when business owners apply for a business license they will be required to establish proof of citizenship and residency. The mailing address for the office is PO Box 1045, Lawrenceville GA 30046. The office is located on the 3rd floor of 750 South Perry St suite 300 in Lawrenceville. The office issues occupation tax certificates (business license) for businesses located in unincorporated Gwinnett County. If you plan to locate a business inside the city limits of a Gwinnett municipality, you should contact the appropriate city government.

 

You may visit the Licensing and Revenue office to complete the required forms or, download the forms from the bottom of this page, or the forms can be mailed to your business or home.

 

Below are a few of the guidelines which are presently in place to ensure proper qualified status.

 
 

HOME BASED BUSINESSES

 

DRIVERS LICENSE: Attach a copy of the owner / officer / partner or member’s Georgia drivers license or Georgia Identification card to your application. The address on the driver’s license or ID card must be the same as the home based business address.

 

COMMERCIAL BASED BUSINESSES

 

PROOF OF TENANT SPACE: This requirement is met by submitting a copy of the lease agreement or warranty deed.

 

STATE LICENSED PROFESSIONALS / OCCUPATIONS

 

Attach a copy of your State license if your profession / occupation is regulated by any State licensing board.

 

FEE SCALE

 

Gwinnett has established six (6) tax classes, with rates ranging from $0.50 per thousand dollars of gross revenue to $1.00 per thousand dollars of gross revenue (see item #10 on the application form). There is a non-refundable and non-prorated $70 flat fee associated with the issuance of the occupation tax certificate.

 

U.S. Citizen / Legal Alien Requirements

 

As required by Official Code of Georgia § 50-36-1(d), any applicant who is the sole owner of a business or the sole member of an LLC must execute one of two affidavits concerning the applicant’s legal presence in the United States.

 

Affidavit A is to be completed by the sole owner of a business or the sole member of an LLC who is either a United States citizen or legal permanent resident. Affidavit B is to be completed by the sole owner of a business or the sole member of an LLC and who is either a qualified alien or nonimmigrant lawfully present in the United States. These affidavits are available by contact the Gwinnett County Licensing Office.

 

For additional information, directions to the office, or assistance in completing your application, call the Licensing and Revenue Office at 678.377.4100 or you can visit them on-line at www.gwinnett.org 

 

We serve clients that are located in Atlanta GA, 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, Hartwell, Suwanee, Sugar Hill, Loganville, Lilburn, Dunwoody, Gainesville, Decatur, and Beyond.

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Not Using a CPA can Often Cost Much More than a Professional Fee

Tuesday, January 27th, 2009

Not Using a CPA can Often Cost Much More than a Professional Fee 

Often Preparers who are not a CPA  and who have not been working as a full time CPA in the states may not have an understanding and nuances of tax law with some of them being potentially critical for you this and in future years. Although tax software has done much to make the preparation of corporate tax returns faster and mathematically correct, they alone do nothing to ensure that a return is both in compliance with tax law and results in your lowest legal tax being paid. To that end I suggest that for all Business Owners who have an S Corporation that they retain a CPA who has a good understanding of: 

-Section 179 depreciation, its calculation and limitations.

-Deductibility of K-1 losses relative to tax basis in S Corporations and suspended losses.

-Net Operating Loss Carry forwards and Carry backs. 

Sometimes paying a smaller and inexpensive fee when you originally file the return means you will pay more later. Though I do not believe in scare tactics in helping clients see the truth it is often the only way to help someone make a wise a prudent decisions. My goal is not to be THE CPA for all of Atlanta but just the share that God allows me to have. It is just that I do now want to see any business owner save $1500 now and wind up costing you $10,000 by the time the returns are done, the IRS notices arrive or you later realize the tax options or deductions that are now too late to avail yourself of. To see how a CPA can save you thousands visit http://www.hiscpa.com/testimonials.htm 

Then Judas, the one who would betray him, said, “Surely not I, Rabbi?” Jesus answered, “Yes, it is you.” While they were eating, Jesus took bread, gave thanks and broke it, and gave it to his disciples, saying, “Take and eat; this is my body.” Then he took the cup, gave thanks and offered it to them, saying, “Drink from it, all of you. This is my blood of the covenant, which is poured out for many for the forgiveness of sins. I tell you, I will not drink of this fruit of the vine from now on until that day when I drink it anew with you in my Father’s kingdom.”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 is an author and Certified Public Accountant (All Rights Reserved). To See how he takes Christ along with him to work visit http://www.hiscpa.com/ (a Christian CPA firm) and for his latest book Overcoming Life’s 9/11’s: Job’s Journey visit 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!”

Preparing the S Corporation Income Tax Return K-1 A Guide How to Guide to Prepare a K-1

 

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, Payroll Administration, Bookkeeping.

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.

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Gwinnett CPA Proudly Serving for over Twenty Years and our Comprehensive List of Services

Tuesday, January 20th, 2009

His CPA (a Christian CPA firm)

Gwinnett CPA Proudly Serving for over Twenty Years and our Comprehensive List of Services

Contact John Dillard CPA at 770 814 9304 and let’s get started today.

http://www.hiscpa.com/irs-selection.html      Atlanta CPA Teaches How Audits Are Selected

http://www.hiscpa.com/irs-audit.html  Georgia CPA Advises on How to Handle IRS Audits

http://www.hiscpa.com/working-with-the-irs.html  Atlanta Christian CPA on IRS Representation

http://www.hiscpa.com/paying-taxes.html Gwinnett CPA on Paying Your Taxes and Extensions

http://www.hiscpa.com/avoiding-audits.html  Duluth CPA on How to Avoid IRS Audits

http://www.hiscpa.com/offer-in-compromise.html  Atlanta CPA Advises on Offer of Compromise, Back Taxes and IRS Problem Resolution

http://www.hiscpa.com/comparing-tax-methods.html  Gwinnett CPA on National Sales & Flat Tax

http://www.hiscpa.com/article6.html   Gwinnett CPA Advises on Tax Effects of Entity Choice

http://www.hiscpa.com/about_us.htm  Providing Accounting and Tax Services to Georgia Businesses for Over Thirty Years

http://www.hiscpa.com/irs-representation.html    Georgia IRS Representation, Offers in Compromise and Back Taxes

http://www.hiscpa.com/testimonials.htm  What Clients of John Dillard, (An Atlanta Christian CPA) Have to Say

http://www.hiscpa.com/tax-services.html  Georgia CPA Tax Preparation and Planning Services

http://www.hiscpa.com/what_we_do.htm  Atlanta CPA Financial Accounting Services
for Small Business and Individuals

http://www.hiscpa.com/small_business_plans.html Writing Georgia Business Plans for Over 30 Years

http://www.hiscpa.com/marketing_plans.html Georgia CPA Helps with Business Marketing Plans

 

 

John Dillard is an author and Certified Public Accountant (All Rights Reserved). To See how he takes Christ along with him to work visit http://www.hiscpa.com/ (a Christian CPA firm) and for his latest book Overcoming Life’s 9/11’s: Job’s Journey visit 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!” 

 

 

Preparing the S Corporation Income Tax Return K-1 A Guide How to Guide to Prepare a K-1 

 

 

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, Payroll Administration, Bookkeeping.

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. 

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Duluth CPA Firm In Gwinnett Offering Tax & Bookkeeping Services

Friday, January 16th, 2009

Dulth Georgia CPA Firm In Gwinnett Offering Bookkeeping Services and Accounting for Over 30 Years

Are you tired of going from business to business to get good CPA advice.

Call John Dillard CPA today of His CPA PC (a Christian CPA Firm) at 770 814 9304

http://www.hiscpa.com/investing-101.html       Georgia CPA Teachings Investing Techniques

http://www.hiscpa.com/retirement-planning.html     Gwinnett CPA Helps Business Owners Plan for Retirement

http://www.hiscpa.com/stock-options.html               Your Georgia Stock Options

http://www.hiscpa.com/business-valuations.html     Valuing Your Georgia Business

http://www.hiscpa.com/accounting-checklist.html  Georgia Business Acquisitions Business Checklist

http://www.hiscpa.com/quality.html     Helping Georgia Business Owners Succeed for 30 Years

http://www.hiscpa.com/parttime-cfo.html     Hiring a Part-time/Virtual CFO for Your Atlanta Business

http://www.hiscpa.com/business-ethics.html     Georgia CPA Teaches Business Ethics

http://www.hiscpa.com/achieving-excellence.html     Atlanta CPA Encourages Business Excellence

http://www.hiscpa.com/intellectual-property.html  Protecting Georgia Business Owners Intellectual Property Rights

http://www.hiscpa.com/risk-management.html      Gwinnett/Duluth CPA Advises on Risk Management

http://www.hiscpa.com/non-compete.html       Understanding Your Georgia Non-Compete Agreement

http://www.hiscpa.com/promissory-notes.html   Gwinnett CPA Helps Georgia Business Owners with Drafting of Promissory Notes

http://www.hiscpa.com/business-checklist.html     Business Checklist for Atlanta Business Owners

http://www.hiscpa.com/adding-partner.html    Expanding Your Georgia Business by Adding a Partner

http://www.hiscpa.com/article4.html    Georgia CPA Teaches Businesses Techniques for Survival

http://www.hiscpa.com/internal-controls.html   Christian CPA Helps Business Owners Develop Good Internal Control

http://www.hiscpa.com/forensic-accounting.html      Your Georgia Business and Forensic Accounting

http://www.hiscpa.com/budgeting.html   Georgia CPA Helps Reduce Unnecessary Spending: Budgeting 101

http://www.hiscpa.com/article1.html       Atlanta CPA Illustrates Difference Between Planning & Historical Accounting

http://www.hiscpa.com/article3.html     Gwinnett/Duluth CPA Teaches Personnel Keys to Managing Business Growth

http://www.hiscpa.com/article6.html  Georgia CPA Teaches the Tax Effects of Entity Choice

http://www.hiscpa.com/marketing-efforts.html   Tracking Marketing Statistics for Your Georgia Business

 

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. 

 

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Atlanta CPA Firm & Our Vast Scope of Accounting & Bookkeeping Services

Friday, January 16th, 2009

Duluth CPA Firm & Our Vast Scope of Accounting & Bookkeeping Services

 

Do you ever want more. If you do you can find it at His CPA PC (A Christian CPA Firm)

 

Contact John Dillard CPA today at 770 814 9304

 

 

http://www.hiscpa.com/business_plans.htm   Atlanta CPA Teaches Business Plan Writing

http://www.hiscpa.com/article8.html             How to Select a CPA in Metro Atlanta

http://www.hiscpa.com/top-ten.html           Top Ten Reasons to Hire a Christian CPA Firm

http://www.hiscpa.com/initial-meeting.html   Georgia CPA Gives Free Consultations

http://www.hiscpa.com/business-funding.html   Georgia CPA Teaches Business Financing Techniques

http://www.hiscpa.com/alternative-funding.html    Gwinnett CPA Helps Discover Alternative Funding Sources

http://www.hiscpa.com/banking-relationships.html   Banking Relationships as Taught by Atlanta CPA

http://www.hiscpa.com/mortgages.html            Atlanta Home Mortgages: How to Chose the Right One

http://www.hiscpa.com/keeping-books.html     Serving Atlanta Bookkeeping Needs for 30 Years

http://www.hiscpa.com/financial-statements.html      Atlanta CPA Guides in Financial Statement Preparation

http://www.hiscpa.com/monthend.html         Georgia CPA Helps with Month-End Procedures

http://www.hiscpa.com/managing-financials.html        Duluth CPA Shows How to Read your Business’s Financials

http://www.hiscpa.com/profit-loss-statements.html     Your Atlanta Business and its Profit & Loss

http://www.hiscpa.com/attestation-services.html   Atlanta CPA Teaches Nuances in Financial Statements

http://www.hiscpa.com/cash-flow.html    Cash Flow Forecasting as Taught by Atlanta CPA

http://www.hiscpa.com/creditworthy.html       Knowing the Credit Score of Your Georgia Business

http://www.hiscpa.com/recession-finances.html    Georgia CPA Teaches Recession Proofing Your Business

 

 

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. 

 

 

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Gwinnett CPA Teaches Your Tax Payment/Filing Responsibilities

Friday, January 16th, 2009

Gwinnett CPA Teaches Your Tax Payment/Filing Responsibilities

 

Paying Your Taxes/Extensions…The IRS Requires us to Pay as We Go

 

Since World War II, the IRS has been a pay as you go system. Prior to that time, the IRS simply collected their monies at the end of the year when one’s annual tax return was filed. Many entities by virtue of their tax treatment as flow through entities do not pay any income taxes when the returns are filed but rather the income is communicated to the partners via a K-1 which is a part of the return. The entity’s partners are then responsible for reporting their portion of the earnings on their personal/appropriate returns. Thus there are many entities such as Partnerships, LLC’s, LLP’s, an S Corporations for which no income taxes are due when these returns are filed.

C Corporations are responsible for paying their taxes as they go and they do not have the ability to pay all of their taxes at year end and still avoid assessed penalties and interest. Thus, it is critical to tax plan several times a year to determine the ultimate amount of year end liability due and to take appropriate measures to plan accordingly.

For S Corporations and individuals we suggest that you tax plan at least twice annually. At that time it is also advantageous to review a client’s internal finances and obtain their projections of profits for the rest of the year. By utilizing this information as well as by being aware of their personal return issues, itemizations, exemptions, etc. you are able to get an estimate of what your taxable income and your tax will be.

Both the IRS and states require you to pay as you go thus requiring you to pay enough in estimates for the taxes due on the profits/taxable income generated. However payroll withholding has the added incentive that by tax law is deemed to have been statutorily paid evenly throughout the year, making only the settlement of your year-end taxes the IRS and state’s concern rather than every individual quarter.

Extensions

Extensions are a legal way of notifying the IRS that you plan to file your return after the original due date. Both C and S Corporate returns are due March 15th of each year or two and a half months after year end. Personal returns, Partnerships, LLC’s, and LLP’s are generally required to be a calendar year return and are due April 15th of each year or three and a half months after year end.

The IRS allows a six month extension for both Corporate and Personal Returns, however please note that this is solely an extension of time to file and not an extension of time to pay and any late payments will result in assessments from both the IRS and state for penalties and interest. Please be advised that the penalties are even worse if you do not file the extension or the original return by the due date. These incentives are simply in place to give you time to file and pay. The Corporation and Personal extensions are for six months and accordingly expire on September 15th and October 15th respectively. There are no valid extensions available after this date.

John Dillard is an author and Certified Public Accountant (All Rights Reserved). To See how he takes Christ along with him to work visit http://www.hiscpa.com/ (a Christian CPA firm) and for his latest book Overcoming Life’s 9/11’s: Job’s Journey visit 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!” 

Preparing the S Corporation Income Tax Return K-1 A Guide How to Guide to Prepare a K-1 

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, Payroll Administration, Bookkeeping.

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.  

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Gwinnett CPA Shows How to Resolve IRS Tax Issues

Friday, January 16th, 2009

Gwinnett CPA Shows How to Resolve IRS Tax Issues 

IRS rules are set out to assist those who are attempting to comply and to encourage all of us, either willingly or not, to file and pay our just and fair taxes. Tax laws, though complicated to the lay person, are often confusing.  A CPA can help people navigate through the tax maze by making the complicated easier to understand. By seeking and following the advice of a trusted professional we are able to comply with tax law with the least amount of pain and aggravation. By not filing returns, not paying amounts owed when due, and attempting to tackle complex tax issues, we do not have the skill or wisdom to adequately address, many fall prey to our general inability to understand all of the nuances involved. A Good CPA can help address and solve tax issues.

Tax Problems

The best first issue is to review the reasons for the assessment. Many times during this process it is discovered that it is not a payment issue but the original returns filed need to be amended. After the determination of a just and fair tax, one can begin to adequately assess and make arrangements for the monies due. Great care should also be taken during this time to ensure that all payments and credits have been properly applied to the balance owed

Trust Fund Monies

In the event your business has employees or collects sales tax, the monies withheld from payroll and sales taxes collected are technically withheld “in trust.” As such they have legal exposure to both the company for payment, as well as those personally responsible parties who knew about and controlled such payments. A responsible party is generally defined as those who were most/responsible for payments that would well extend to check signers, accounts payable, officers, and financial staff. This assessment is for one personally who collected trust monies which they unduly did not remit to the appropriate taxing/legal authority. As these monies are withheld in trust, they do not belong to the company/business. Both the IRS and individual states take a very dim and stern view of all those who unduly use their money. A 100% penalty may be assessed to the responsible parties making them personally responsible for any collected and unpaid trust fund monies.

If a business is not able to pay its staff payroll taxes/remit collected sales taxes as due, it is a clear warning side that the business model is upside down. Though most times it would indicate that the margins of a business are not adequate to support the business’ present staffing levels and overhead, it could also be an indicator that the business is not properly leveraged/financed.

Installment Agreements

The IRS will work with taxpayers to pay the monies owed over time. This option requires the taxpayer to file a form requesting that a specified amount be paid monthly over time. The IRS then has to accept the plan prior to it becoming effective. Though this is a practical way to address a larger balance over time it does not stop the assessment of penalties and interest which will continue to accrue until all monies are paid in full. Thus, it is most advantageous to consider procuring the funds from other sources as these finance/carrying charges are usually much less than that of the Internal Revenue Service.

Failure to File Penalties

Failure to File Penalties are assessed in addition to normal penalties and interest for those who do not make their payment and filings on a timely basis. Please be reminded that an extension does not allow a taxpayer to pay at a later date, as income taxes are generally due and payable as they are earned. However, a situation is greatly exasperated when a taxpayer does not file their taxes on a timely basis. Thus it is financially most advantageous to file a return even if a taxpayer does not have the monies to pay a return as the monies become due.

John Dillard is an author and Certified Public Accountant (All Rights Reserved). To See how he takes Christ along with him to work visit http://www.hiscpa.com/ (a Christian CPA firm) and for his latest book Overcoming Life’s 9/11’s: Job’s Journey visit 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!” 

Preparing the S Corporation Income Tax Return K-1 A Guide How to Guide to Prepare a K-1 

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, Payroll Administration, Bookkeeping.

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. 

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Gwinnett CPA Teaches Living in Faith

Friday, January 16th, 2009

Gwinnett CPA Teaches Living in Faith

Faith on Trial…Living in Faith; Not Fear

Developing faith without fear is not an easy process. We all get caught up in the daily routine and the “me” world and the thought of doing anything without a little apprehension just seems irrational at best. However, I have learned by stepping out in my faith, God gives me the courage, the strength and the support to overcome my fears, my doubts and my apprehensions. I have seen it most in my career paths.

I am a CPA and have been for more than twenty-five years. For many years, I worked for the big corporate firms and soon realized that it wasn’t for me. I have been running my own small practice for 18 years. It has provided me with so many opportunities to meet people, to get out in the community, to travel and live a comfortable life. I was breezing along and my company was very successful under John C. Dillard, CPA, however, God wasn’t quite satisfied with my content, comfortable life and position and challenged me. In 2004, he encouraged me to step out in my faith and walk the walk. For so many years I had kept the same clients, frequently gaining new clients and they didn’t have to meet any criteria, nor did I, except that I had to be honest, and good at what I did. For God, that wasn’t enough. I changed the name of my firm to His CPA, P.C. and held my breath. I knew God would provide in the end, but I really was quite nervous, waiting to see what would happen with the new name and the philosophy, “serving Him by serving you…one tax return at a time”. I lost some clients, offended some clients and had others who questioned my move. And I had clients seeking me out because I had been brave enough to step out and lay my faith out there for the world to see. I would love to say that the overall reaction was an abundance of new clients, but that wasn’t the case. However, I did begin to notice that the new clients I was getting were those who God had placed in my path for one reason or another. Since 2004, I have shared many things with my clients and feel like I know each of them on a different level than I ever would have if I had not changed the name and not stepped into my faith. Christians are so open when they walk into a place and find that the person they are talking to is on fire for God. They want to share, they want to talk, they want to let me in and they want to discuss my faith and theirs. When I look back on that move now, I wish I could say I dove into it headfirst without a thought simply because that is what God wanted me to do. That is not true. I had apprehensions, doubts, fears, questions but I knew that this was what God wanted me to do and I was in no position to question or decline his command.

That same year, my wife and I took a cruise – a cruise that would forever alter my spare time. I felt an urge to write. Not just an urge to write but to create. I know, not the kind of thing you would decide to do while sitting on a beautiful ship with your mate overlooking a vast expanse of beautiful blue water and taking in all the beauty of God’s creative artistry. But one of the talents God alone has blessed me with is exhortation so write I did and in April 2004, my first Christian fiction novel was published. We were thrilled and I was halfway through my second one when God all but opened the bible to me and said, “Study Nehemiah, learn from Job – develop a relationship with them based on your own experiences, trials and tribulations and then share. Hence, the Inspiration Series was created. After several months of prayer to discover what it is God would have me write, I opened my Bible to the first page of the book of Nehemiah in the Old Testament and there I discovered fresh revelations of which I had never before heard or seen. Discovering God’s grace and compassion, I studied and as God divinely guided my hand, I wrote A Voice of One and how Nehemiah, a layman, steps out to accomplish great things in God’s name.

I, on a much smaller scale, had experienced my own Nehemiah moment. Just as Nehemiah was able to look after those about him, so are we called to help those about hurting and us who are in need. I have learned by being bolder in my faith it is easier to be who God has always made me to be. My own Nehemiah story began with my heart open and breaking and I had been in prayer and mourning for two plus years and my heart was burdened by God to help the oppressed. At the time, Georgia law did not require perpetrators of serious/felony crimes against individuals to compensate their victims for the resulting medical and counseling care resulting from the offense. It is here when God burdened my heart deeply. In December 2004, I learned California had a law on the books requiring the perpetrators of serious/felony crimes to pay for the victim’s medical and counseling care. When I heard the news, my heart was burdened for the people of Georgia and I set out to find out what it was God would have me do. I cast fear aside and stepped out with nothing but my faith and took this issue to the legislature of Georgia. I knew I was to see if a law might be passed to protect the people of Georgia. Within a week of God telling me to march, I was able to obtain a meeting with a Georgia Senator and within sixty days of my defining prayer, the proposed law and I were in front of the Senate Judiciary Committee. The law was unanimously agreed to by the committee and went to the Senate floor where it passed by a vote of 47-1. The law got stuck in the Georgia House of Representatives. During this time and afterwards I felt led to continually contact and lobby the Georgia Governor’s office although I was afraid those contacts were falling on deaf ears. I continued on in obedience, action, and prayer and felt God’s continued leading. To begin the 2005 Legislative Session, Georgia Governor Sonny Purdue sponsored the Crime Victim Restitutions Act of 2005, which set up a procedure for notification, and reimbursement by the perpetrators of the victim’s medical and counseling expenses. Eighty six percent of Georgia’s State legislature voted in favor of the bill with Governor Purdue signing it on April 11, 2005, and becoming law on July 1, 2005. I tell this story not to take any of the glory for myself, but simply to show that turning it over to God, having faith and overcoming fear, allows you to accomplish even the mightiest of feats.

After completing my first inspirational book, God introduced me to Job and again, I found someone I could relate to with my experiences. Life is fraught full of paradoxical horrors bringing forth both excruciating physical pain and deep emotional sorrow, and Job’s story shines a light of what faith without fear is all about. Job loses everything in his life, both mentally and physically. He was challenged at every turn and yet discovering that God never left his side & believed in him during his darkest times. Despite ravenous trials, which arrive in quick succession, Job never deters in his faith choosing to believe God would ultimately redeem him. Job lives his life in pursuit of God while doing His work.

I learned to lean into the pain by seeking God’s will to overcome all that comes my way. In learning more and writing about Job, I was inspired and motivated to great expectations, heightening and growing in my faith and my relationship with God by leaning on him during life’s fiery trials. God does not promise that our life will be easy but he does say that with him our yoke will be light. And that became very evident to me in November 2004. Maybe you have already dealt with your life’s biggest challenges, or perhaps you are in the midst of one right now. Over a several month period, each bit of news I was to receive brought me another step closer to what I felt was life’s end. In the fall of two thousand four, I began to experience a bit of discomfort in my lower abdominal area. I shared with my doctor the nature of my discomfort and the side effects and symptoms I had been experiencing. My doctor immediately referred me to a specialist who took exhaustive x-rays, sonar tests and cat scans, concentrating on my abdominal area. With each appointment, prod, and procedure, I became more and more concerned as to what the doctors were looking for and why they were so worried. My doctor never mentioned any particular disease but I knew he was screening for cancer. The end of November found my wife and I talking one morning as we readied ourselves for the day ahead. Within just a few moments the phone rang with the doctor confirming my steadfast belief and worst fear, I had cancer!

Due to cancer’s aggressive nature, the surgery was set for late the following day. The surgery went well with the surgeon explaining what he had done and his belief that the procedure had been a success. I immediately began twenty radiation treatments, designed to eradicate any cancer cell remnants, which might still remain in my body, spanning over a period of five weeks. As the treatments wore on, I became increasingly more fatigued and often would have to rest for several hours after a treatment to regain my strength. Along with the exhaustion, I also found myself extremely nauseous to the point it was debilitating, making every muscle and joint in my body wrench in pain.

Finally, the treatments were over and my physician advised that I might continue to feel tired and nauseous for some time due to the lingering effects of the radiation. Though we knew the symptoms could worsen, they soon were far more difficult than we expected. Though I began to struggle more each day, I continued to believe in God’s sovereignty and ability to guide me through this. I also thought my ordeal would soon be over and my health would quickly begin improving. Hoping to have an additional cat scan and blood work soon to ensure the cancer’s blight had been completely removed from my body, I waited, ready for God’s and the physician’s proclamation of my healing.

The cancer surgery behind me, my radiation treatments complete, I was ready to begin life anew. Ready and poised to take on life’s 9/11’s; I looked forward to the day when the doctors would announce the successful elimination of the cancer from my body. My ordeal had already spanned several months and I was preparing for what lay ahead. I know my cancer was God ordained and therefore part of my destiny. However as time wore on, my health did not improve but quite the opposite. It soon got progressively worse as I waited, anticipating the moment when the tide would turn and my health would improve. But as I would soon learn, that was not going to happen anytime soon. Through a series of events, I ended up in the hospital in February with diverticulitis (a disease that in essence shuts down your colon) that just about killed me. I was in the hospital for a 4-week period and there were times we didn’t know if I would ever leave. As I lay in the hospital bed, I saw God work in so many ways and help me overcome my fear. Though in pain, I was in great peace knowing that I was as ready as any man could be to go and be with my Heavenly Father. Over the four-week period, I had an opportunity to witness to doctors and nurses and any one who came into my room. Without me even being aware, God was in my room every step of the way and while I didn’t always feel it, others did and many nights my wife and I lay awake talking of our faith, our walk with Christ and many, many prayers were said in the quiet darkness of my hospital room. My overall stay at the hospital turned out to be five weeks and then I had to return 6 months later to finish the operation. It was a very trying time for my family and for me, but by turning it all over to God and relying on my faith and not giving into my fear, I was able to gain strength and a deeper relationship with my Father. I have never seen a firestorm with fire falling from the sky as the one, which occurred in Job’s life, but I have watched events occur in my life and others that felt the same way.

I have always tried to live in my faith. I have always had confidence and a sense of “Why not me?” But it is only through God’s grace and mercy and love that I have been able to simply forge ahead, taking whatever comes my way and dealing with it in a way that I think God would direct me to do. Having faith without fear is not an easy place to be, but it is definitely the most rewarding place. Full of blessings, failures, surprises, miracles, highs and lows – but having faith, sharing faith, taking on the world with God at your back – that helps ease the fear. I learned that whether serving in your family, your work, or globally, God has a task for you and he will always give you the tools you need to complete that task. By faith as small as that of a mustard seed, you can step out of the relative safety of your present position, and watch God guide and measure your steps. Seek after God with all your heart. Seek his ways allowing him to guide your very steps along your journey. By beckoning to the great helper, the Holy Spirit, we are able to tap into the strength of the Lord, one that surpasses all understanding and live our faith without fear.

John Dillard is an author and Certified Public Accountant (All Rights Reserved). To See how he takes Christ along with him to work visit http://www.hiscpa.com/ (a Christian CPA firm) and for his latest book Overcoming Life’s 9/11’s: Job’s Journey visit 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!”

 

Preparing the S Corporation Income Tax Return K-1 A Guide How to Guide to Prepare a K-1

 

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, Payroll Administration, Bookkeeping.

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.

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