Atlanta CPA Advises USA Business Owners in Seeking Wise Counsel/an Attorney  

In this age of high paced  information it is always prudent to think before you leap, to read all the fine print and to consider/have an attorney review all substantive contracts before you sign them. Using a CPA to get general business advice and then a good business attorney will do much to preclude you from making immediate/rushed decisions so that letters like the attached are never needed: 

 I just received a copy of the attached notice regarding renting your vacation rental. Please note the attached e-mail indicates that a contract was believed to be made by the renting agency whereas I intended solely to gain information about the on-site lake vacation rentals. Please correct your records accordingly as I had not intended, in any way, at this time, to commit to a rental period and was seeking solely to gain information about such as availability, rates, etc.  

Accordingly please void your records to indicate there was no contract at this time.  I appreciate your attention to this matter and please do not hesitate to contact me should you have any questions. Sincerely,  

Proverbs 15:22 Plans fail for lack of counsel, but with many advisers they succeed. 

 The Bible teaches us throughout its text that we should seek the wise counsel of others and then to be and get the help of disciples who are willing to help lead us down the right path. Seek good Godly counsel from the best professionals you can find as it will pay many long term dividends.  

Having Served in the United States as a CPA for decades I have learned again and again that seeking wise counsel is the beginning to wisdom.

A Christian CPA Firm: Never Underestimate the Long Term Benefits 

John Dillard, CPA of His CPA, PC (An Atlanta  CPA firm) 1940 Woods River Lane, Duluth, GA 30097  Phone 770-814-9304   http://www.hiscpa.com/    (All Rights Reserved) To retain John Dillard CPA (An Atlanta Christian Speaker/Author) for your business group or church congregation, you can contact him today at 770.814.9304. To discover John Dillard’s Published Books and their vision visit  http://www.john-dillard.com/

Duluth CPA Advises Gwinnett/Atlanta Business Owners to Seek Wise Counsel 

In this age of high paced  information it is always prudent to think before you leap, to read all the fine print and to consider/have an attorney review all substantive contracts before you sign them. Using a CPA to get general business advice and then a good business attorney will do much to preclude you from making immediate/rushed decisions so that letters like the attached are never needed: 

I just received a copy of the attached notice regarding renting your vacation rental. Please note the attached e-mail indicates that a contract was believed to be made by the renting agency whereas I intended solely to gain information about the on-site lake vacation rentals. Please correct your records accordingly as I had not intended, in any way, at this time, to commit to a rental period and was seeking solely to gain information about such as availability, rates, etc. 

Accordingly please void your records to indicate there was no contract at this time. 

I appreciate your attention to this matter and please do not hesitate to contact me should you have any questions. Sincerely, 

Proverbs 15:22 Plans fail for lack of counsel, but with many advisers they succeed. 

The Bible teaches us throughout its text that we should seek the wise counsel of others and then to be and get the help of disciples who are willing to help lead us down the right path. Seek good Godly counsel from the best professionals you can find as it will pay many long term dividends. 

A Christian CPA Firm: Never Underestimate the Long Term Benefits

John Dillard, CPA of His CPA, PC (An Atlanta  CPA firm) 1940 Woods River Lane, Duluth, GA 30097  Phone 770-814-9304   http://www.hiscpa.com/    (All Rights Reserved) To retain John Dillard CPA (An Atlanta Christian Speaker/Author) for your business group or church congregation, you can contact him today at 770.814.9304. To discover John Dillard’s Published Books and their vision visit  http://www.john-dillard.com/

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

Duluth CPA Helps Gwinnett Taxpayers with Sales Tax Reports and How to Avoid The Top 10 Mistakes Taxpayers Make

The below is a sample inquiry we might receive off of www.HisCPA.com, which is our web site where Atlanta Business Owners/Taxpayers Seek Advice to Keep Their Tax Bill as Low as Legally Possible 

John– I’ve dropped the ball on keeping my GA Sales Tax paid.  Can you provide the ST-3 pre-filled and ready to submit with payment?  My software (QuickBooks) will show me what to pay, but doesn’t provide the ST-2 filled out appropriately. 

Is this something you’d normally handle, or something we should talk to a bookkeeper about?  We’re planning to bring someone in to help with the books a few hours a month (whatever it takes) so we can keep things fully updated and accurate.  That’s not my strong suit. Last question– to catch this up, from March till now, should we submit one payment and ST3, or 5 separate payments and ST-3’s? Thanks,

Below is my response: 

I would be happy to assist/prepare the sales tax reports. If you would like for me to do them I will need the info. as detailed on the form by month and the original forms. 

We will want to do the forms monthly and not a recap. I also would suggest you make individual payments for each month.

How to Avoid The Top 10 Mistakes Taxpayers Make

Being able to avoid the most common pitfalls taxpayers make is critical to your personal financial success.  Careful discernment and wise application of tax law is an essential and critical part of avoiding otherwise avoidable IRS notices, penalties, responsibilities, IRS audits and amendment of prepared returns.  As a Body of Believers, we are commanded to give unto Caesar what is Caesar’s.  As such and based on the premise of the U.S. tax system, we as taxpayers are solely responsible for the initial filing of our returns and the fair and just filing of our lowest legal possible tax.  Avoiding these top pitfalls that many fall prey to will be an integral step in the proper preparation of your return.

Phase-outs of Itemized Expenses

Many taxpayers fail to consider in both tax planning and preparation of their returns, that itemized expenses/Schedule A can be phased out/limited based upon a taxpayers Adjusted Gross Income (AGI) and their tax filing status.

Phase-out/Limitations of Total Exemptions

Tax law allows taxpayers to take exemptions for themselves, their dependents, their spouse if filing jointly and additional exemptions if disabled or over a certain age.  There total exemptions are then multiplied by the indexes for inflation annually and then this total is deducted in determining taxpayer’s AGI.  Like a taxpayer’s itemized expenses, these too are limited based upon a taxpayer’s AGI and filing status.

Alternative Minimum Tax

Certain items on a taxpayer’s individual return can trigger an additional tax assessment.  This amount is over and above what otherwise would have been assessed if a taxpayer solely referenced their taxable income to the appropriate tax table.  Tax law mandates that taxpayers then pay the higher of the two amounts generated either from regular tax tables or the Alternative Minimum Tax, which is calculated on Form 6251.

Misunderstanding Extensions

Taxpayers frequently fail to understand that an extension to file a return is not an extension of time to also pay the taxes due.  The IRS has a rigid schedule for payment of all taxes and in some cases, there is no room for flexibility whatsoever.  Taxpayers should accordingly take care to pay all of their taxes as they become due without regard to whether an extension to file has been filed/granted.  Always keep in mind an extension to file is not an extension to pay.

Determining Deductible Expenses

Taxpayers frequently fail to understand what they may and may not take as itemized expenses on their Schedule A.  Similarly, individuals often fail to stay abreast of tax law changes and the limitations, documentation and phase-outs thereof in determining their just expense.  Also, many taxpayers who have an unincorporated business/a proprietorship fail to have a good understanding of what qualifies as a business expense, the assessment of self-employment taxes and the attendant responsibility of making estimated payments.

Un-reimbursed Employee Expenses

Tax law allows those who are employees to deduct un-reimbursed business expenses, which are reported on Form 2106.  The total of these are then rolled forward to a taxpayer’s schedule of itemized expenses where they are also subject to additional phase-outs.  Often taxpayers fail to have a good understanding of what qualifies as an un-reimbursed employee expense and fail to correctly document and calculate business mileage.  They frequently fail to consider reimbursements received from their employer and inadvertently include in their mileage/travel expense amounts, their daily commute to and from the office, and these are not deductible.

Retirement Plans

This error is most frequently an error of omission as taxpayers fail to avail themselves of the many and varied options open to reduce their personal taxes and to plan for retirement.  If a taxpayer also has an incorporated or unincorporated business whether a C or S Corporation, LLC, LLP, or partnership, there are even more options for a taxpayer to implement that will allow for a dramatic reduction in both their federal and state tax liabilities.

Going It Alone

Most taxpayers would never consider performing their own surgery and so it should be for the preparation of one’s personal taxes.  At a minimum, I suggest that you have a CPA prepare your taxes at least every three years but I would limit this exception to only very simple returns with no itemizations.  For all taxpayers who would be classified/considered as part of America’s middle class or any taxpayer who owns a business, should have their return prepared by a CPA each and every year.  Tax law changes, nuances, limitations, tax and retirement planning, investing and strategic financial issues are too critical to be satisfactorily addressed alone.

Premature IRA/Pension Distributions

All too often taxpayers will make or receive a premature distribution from their IRA/401K/Pension Plan.  This is perhaps the largest single financial mistake a taxpayer can make for several reasons.  First, these premature withdrawals are not only subject to regular federal and state taxes but most always a 10% federal penalty as well.  This serves as a double negative as not only are you paying additional taxes and penalties but you are also “diving into” your “nest egg” threatening not only your age of potential retirement but also the quality of it.  Furthermore, most all taxpayers who receive a premature distribution fall into a false sense of security wrongly believing the statutory withholding done to be adequate to meet their year-end obligation on these monies, only to find out they have woefully underpaid their taxes and are now subject to further penalties and interest.

Tax Planning

Perhaps the most common error is the failure of taxpayers to anticipate their current year’s taxable income and to plan ahead by paying the IRS and state taxes as the income is earned.  Failure of taxpayers in any of the above areas will also negatively impact their ability to plan for and pay their taxes on a timely basis.  Also the U.S. tax system is a graduated system in which the marginal tax rates increase as does a taxpayers income.  Taxpayers fail to see their return as the dynamic calculation that it is, as income and lifestyle changes and tax law continually impact a taxpayer’s final calculation of tax liability.

His CPA, P.C. aggressively works to be proactive in the planning for and anticipation of what will be your year-end liability.  Put our firm to work for you to avoid unnecessary and unpleasant surprises. 

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

 John Dillard, CPA of His CPA, PC (An Atlanta Christian CPA firm) 1940 Woods River Lane, Duluth, GA 30097  Phone 770-814-9304   http://www.hiscpa.com/    (All Rights Reserved) To retain John Dillard CPA (An Atlanta Christian Speaker/Author) for your business group or church congregation, you can contact him today at 770.814.9304. To discover John Dillard’s Published Books and their vision visit  http://www.john-dillard.com/

Duluth CPA: Getting Your Bookkeeping Correct Pays Dividends for Gwinnett Business Owners

For a new business or any who are going to have short or long term financing needs, it is critical for an entrepreneur to consistently stay in touch with their company’s internal financial statements.  An owner needs to stay in touch with their CPA first and then develop a relationship and to adequately understand all of the many nuances of bookkeeping and the preparation of financial statements.  This is critical to a business owner’s success.  Many times I have personally witnessed a business owner rushing into a bank’s office seeking cash to cover the next day’s or week’s payroll, because of their failure to contemplate the longer term implications of their financial decisions.  Although this is an extremely valid need, as all would agree, the act of responding on an ad-hoc or emergency basis sends a negative message to all concerned. 

Upcoming cash needs should not be a surprise as the key managers and owners should be well versed in upcoming cash needs.  The best way to avoid this is to start with the building blocks of prudent bookkeeping and preparation of reliable internal financial statements. When you are meeting the needs of a rapidly growing company, you are often faced with the cash needs to finance new receivables, an expanding inventory and the increased needs of personnel cost all concurrently.  Thus, it is critical to constantly stay abreast of current financial operations and their intersection of financing needs and specifically how they impact the company’s cash balances. To this end I might send the below as a sample critique to a company who needs to address several issues in the preparation of their financial statements:

In critiquing your internal financial statements I noted: 

One of your back accounts is reconciled as a negative balance. Please review this ASAP to ensure that no overdrafts occur. 

It appears as if you have capitalized several items in the fixed asset accounts that are below $1,000 each. I suggest that all items below this threshold should be expensed. You had one item over $1,000 in the fixed asset accounts. Please advise as to what this is so that I might track accordingly or that you might expense as needed. 

I suggest you re-class all of the monies in your smaller miscellaneous accounts to Office Supplies and then to mark these accounts as Inactive so that no further postings to this account can be done. 

Please review the charges to the Legal & Professional fees account and advise as to what they are and consider a re-class as needed.

Please get a statement from the bank confirming the Note Payable balance as of month end to ensure that the balance listed is correct and then to do a detailed transaction search for the year on the account to ensure correct, based upon items paid/incurred. 

Please record $1,000 of Depreciation Expense for the Month and for when you do future months. 

Please review your bank account as you had several checks dated 7-1-10 to ensure that these are still valid open  and outstanding checks. Also please review the deposits to ensure that they were all correctly classified as income and were not loans to the business. 

For the credit card charges in Office Supplies. Please re-class these items to the correct accounts and please charge future credit card charges accordingly to the correct categories. 

Please do not hesitate to call should you need any help in addressing any of the above issues.  

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

 John Dillard, CPA of His CPA, PC (An Atlanta Christian CPA firm) 1940 Woods River Lane, Duluth, GA 30097  Phone 770-814-9304   http://www.hiscpa.com/    (All Rights Reserved) To retain John Dillard CPA (An Atlanta Christian Speaker/Author) for your business group or church congregation, you can contact him today at 770.814.9304. To discover John Dillard’s Published Books and their vision visit  http://www.john-dillard.com/

We advise clients on: IRS representation, Offer in Compromise, Tax Problems, Incorporation in Georgia, Corporate and Personal Income Tax Returns, Part-time CFO, Virtual Controller, Business Planning, Offer in Compromise, Back Taxes, Business 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 GA Christian CPA Firm Teaches Gwinnett Business Owners 

A large part of our practice centers around helping our clients get to where they want to go. Much of that has to do with putting ourselves in the place of our clients and indeed serving them the way we would want to be served. The below is a sample letter we might send a client to assist with and properly guide them through the tax preparation process: 

Got your corporate data today…to complete return I need ASAP: 

What the face amount of the Life Insurance as tax law will not allow us to deduct more than the equivalent of a 50K face Life Insurance policy. 

Please be reminded that tax law will not allow us to deduct the $6,000 of Medical Insurance Premiums paid on behalf of owners of an S Corporation unless they also have an W-2 at least equal to this full amount. 

Please be reminded that: 

Tax Law requires all active employee owners to take a fair and reasonable salary given position and profit. The best indication of what this amount would be what an owner would have to pay an independent party to perform their official duties. 

Please be reminded that I still need the data for the personal return.

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

John Dillard, CPA of His CPA, PC (An Atlanta Christian CPA firm) 1940 Woods River Lane, Duluth, GA 30097  Phone 770-814-9304   http://www.hiscpa.com/    http://www.john-dillard.com/ (All Rights Reserved) To retain John Dillard CPA (An Atlanta Christian Speaker/Author) for your business group or church congregation, you can contact him today at 770.814.9304. To discover John Dillard’s Published Books and their vision visit  http://www.john-dillard.com/

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

His CPA PC is Seeking Good Clients: Doing God’s Work One Tax Return at a Time

Taking Christianity Into the World

Frequently we are called to meet with potential clients and to ensure that there is good fir between both a client and a CPA firm. At His CPA PC we do not want every client we meet with as God is in charge of which companies come to work with us. Our responsibility as believers it to love others unconditionally and to speak absolute truth into the lives of others.  Our task therefore is to speak the truth plainly and to let our word be true.

Matthew 5:37 Simply let your ‘Yes’ be ‘Yes,’ and your ‘No,’ ‘No’; anything beyond this comes from the evil one.

The below is a sample excerpt from a letter we might send to a client to ensure good, easy to understand words, which we all need in this cluttered world:

I appreciate the opportunity to present our firms services to you and your most gracious gift of $500 in appreciation of our time and effort. I believe my firms services would be an ideal fit for your firms needs. If you talk to our references and to get a better feel for our services you would be most favorably inclined. The door is always open and hope to hear from you soon. 

Very Sincerely Yours,  John C. Dillard, CPA,   President 

Top Ten Reasons to Hire a Christian CPA Firm

1. You do not have an account number at our firm. We believe our clients are much more than just customers. My goal for all of my clients is that they become lifetime friends.
2. We are able to see the forest and the trees simultaneously helping to ensure that your short term decisions do not become long term problems.
3. We can serve as a part-time Virtual CFO providing technical guidance and wisdom to issues you did not even know you have..
4. Our tax planning and ability to  think ”outside the box” does not limit us to the status quo, while always being open to business, tax and paradigm changes.
5. The “Golden Rule” are not just words to us. Our primary focus is you, being sure to tailor our firms services to your needs.
6. Fast efficient turnaround in your work/returns. Most work is completed within 48 to 72 hours = Good Returns Fast.
7. We know that by focusing on the details that the big picture becomes clearer.
8. We return your calls within just a few business hours. 
9. We value the truth of the Bible and look to apply His word in all phases of our business and personal life. We believe God wants to apply His truth to all phases of our life and not just “on Sundays.”
10. You want results and your desire is to “Remit Unto Caesar what is his, and not one penny more.

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

 John Dillard, CPA of His CPA, PC (An Atlanta CPA firm) 1940 Woods River Lane, Duluth, GA 30097  Phone 770-814-9304   http://www.hiscpa.com/    (All Rights Reserved) To retain John Dillard CPA (An Atlanta Christian Speaker/Author) for your business group or church congregation, you can contact him today at 770.814.9304. To discover John Dillard’s Published Books and their vision visit  http://www.john-dillard.com/

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

Top Ten Reasons to Hire His CPA PC ( A Christian CPA Firm)

1. You do not have an account number at our firm. We believe our clients are much more than just customers. My goal for all of my clients is that they become lifetime friends.
2. We are able to see the forest and the trees simultaneously helping to ensure that your short term decisions do not become long term problems.
3. We can serve as a part-time Virtual CFO providing technical guidance and wisdom to issues you did not even know you have..
4. Our tax planning and ability to  think ”outside the box” does not limit us to the status quo, while always being open to business, tax and paradigm changes.
5. The “Golden Rule” are not just words to us. Our primary focus is you, being sure to tailor our firms services to your needs.
6. Fast efficient turnaround in your work/returns. Most work is completed within 48 to 72 hours = Good Returns Fast.
7. We know that by focusing on the details that the big picture becomes clearer.
8. We return your calls within just a few business hours. 
9. We value the truth of the Bible and look to apply His word in all phases of our business and personal life. We believe God wants to apply His truth to all phases of our life and not just “on Sundays.”
10. You want results and your desire is to “Remit Unto Caesar what is his, and not one penny more. 

John Dillard, CPA of His CPA, PC (An Atlanta Christian CPA firm) 1940 Woods River Lane, Duluth, GA 30097  Phone 770-814-9304   http://www.hiscpa.com/    http://www.john-dillard.com/ To retain John Dillard CPA (An Atlanta Christian Speaker/Author) for your business group or church congregation, you can contact him today at 770.814.9304 

Dare to Attempt Something so Great for the Kingdom of God that it is doomed to failure, lest 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, Business Acquisitions/Sales, Forensic Accounting, Business Valuations and Bookkeeping.

Serving Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming, New York, Los Angeles, Chicago, Houston, Philadelphia, Phoenix, San Antonio, San Diego, Dallas, San Jose, Detroit, Indianapolis, Jacksonville, San Francisco, Columbus, Austin, Memphis, Baltimore, Fort Worth, Charlotte, El Paso, Milwaukee, Seattle, Boston, Denver, Louisville, Washington D.C., Nashville, Las Vegas, Portland, Oklahoma, Tucson, Albuquerque, Long Beach, Atlanta, Fresno, Sacramento, New Orleans, Cleveland, Kansas City, Mesa, Virginia, Omaha, Oakland, Miami, Tulsa, Honolulu, Minneapolis, Colorado Springs, Arlington, and Beyond.

Atlanta CPA on Bookkeeping for Your Metro Atlanta Business

Establishing a Chart of Accounts for Your New Business

One of the most important steps to keep your company/business legitimate is to make sure that you keep your personal expenses separate from your business expenses. To keep and maintain a clear delineation of your company from your personal affairs you should only pay business expenses out of your business/corporate account. Accordingly you will want to ensure that you only issue monies for your personal affairs out of your business and not out of your corporate account/monies. The below is a chart of accounts that you can use for the initial set up for your company’s internal accounting and bookkeeping:

Assets

Checking (List Bank Name)

Fixed Assets (items greater than $1000 each that is bought for company’s use)

Fixed Assets (Accumulated Depreciation)

Liabilities

Due to Shareholder

Due From (List Bank Name)

Equity

Retained Earnings

Common Stock

Shareholder Distributions

Sales – Gross Income

Cost of Goods Sold

Purchases/Medical Supplies

Salaries – Owners

Salaries

Salaries – Payroll Taxes

General Expenses

Taxes & Licenses

Independent Contractors

Rent

Advertising

Contributions

Depreciation Expense

Pension/Retirement Expense

Legal & Professional Fees

Telephone & Utilities

Insurance – General

Insurance – Medical

Insurance – Life

Insurance – Disability

Travel

Meals & Entertainment

Office Supplies

Please be reminded that in the initial/start-up phases of your business that the chart of accounts will experience the most changes and critiques and that you chart of accounts will be modified as the business needs change.

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

John Dillard, CPA of His CPA, PC (An Atlanta Christian CPA firm) 1940 Woods River Lane, Duluth, GA 30097  Phone 770-814-9304   http://www.hiscpa.com/    http://www.john-dillard.com/ (All Rights Reserved) To retain John Dillard CPA (An Atlanta Christian Speaker/Author) for your business group or church congregation, you can contact him today at 770.814.9304. To discover John Dillard’s Published Books and their vision visit  http://www.john-dillard.com/

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

Atlanta CPA on Getting Real Life Answers from your CPA

Providing Bookkeeping Services for Metro Atlanta Business Owners for Decades

Real Life Answers from your CPA should not have to be something that you have to “work for.”  A CPA needs to be have both technical knowledge and to be an effective communicator. The below is a recent example of an  inquiry we might receive from a client and our response:

I have adjusted my budget for 2011 to match more the real life scenario I have seen in the first part of the year. This is part of the reason for the adjustment to the budget is the changes in the economy. But also my business partners are tight on cash. I changed the emphasis of my marketing so that will generate income for my S Corporation. I have scaled back the plan for an employee, but I still consider getting one end of the year. 

How will the pay below agree with the S-Corporation taxing? I would like to build up a $10K cash in the company to be able to make better use of opportunities that will not generate income directly, but in a longer run will be beneficial to my company’s success. I started paying myself a payroll too fast  that drained the capital of the company, so I have learned to be most prudent in my business spending.

Below is my response:

So that I might better advise you please use the below categories for your business expenses:

Office Supplies

Cost of Goods Sold

Telephone & Utilities

Travel

Meals & Entertainment

Salaries

Salaries – Payroll Taxes

Advertising/Conferences

Fixed Assets (items over $1000 that you buy to keep in the business) 

Please use the form on the recap sheet on the contact page of my web site.

Please also get to me a copy of your year to date wages/payroll stub as well as confirm to me what type of a retirement plan you set up as I had understood you were going to set up a company sponsored plan and you listed an IRA, which is a company sponsored plan. 

Also please be reminded that an S Corporation does not pay income taxes and that the earnings from your S Corporation tax return will be added to your personal return at the end of the year. Please do not hesitate to call might you have any questions.

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

John Dillard, CPA of His CPA, PC (An Atlanta Christian CPA firm) 1940 Woods River Lane, Duluth, GA 30097  Phone 770-814-9304   http://www.hiscpa.com/    http://www.john-dillard.com/ (All Rights Reserved) To retain John Dillard CPA (An Atlanta Christian Speaker/Author) for your business group or church congregation, you can contact him today at 770.814.9304. To discover John Dillard’s Published Books and their vision visit  http://www.john-dillard.com/

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

Christian CPA: Maximizing Your Legal Tax Benefits 

Having served Metro Atlanta Business clientele as a Christian CPA for decades, I have learned there is no substitute for easy to understand verbal and written communication. The below is a sample of the correspondence we might send to someone as they are resolving their current tax issues: 

Please ASAP fax to me the revised financials reflecting your final decisions for the current tax year being sure to include a narrative of your decisions and you can later fax to me the new W-2 and amended W-3 as you decide to add yourself to payroll, as tax law requires you to pay a fair and reasonable salary to all active employee owners given position and profit. The truest test will be what he would have to pay someone to perform his duties/position. Please be reminded that tax law requires you to pay all salaries by year end.

Tax Advantages of S Corporations

As a Georgia LLC, LLP, partnership or sole proprietorship, you are subject to the 15.3% Self Employment/FICA tax on all of your net earnings. The S corporation, on the other hand, pays you a deductible salary (which is subject to FICA), and then the profits flow through your personal return via a Schedule K-1. This K-1 income allows for permanent deferral of the FICA tax. The Georgia S corporation allows small business owners to legally save taxes as long as they pay a fair and reasonable salary to themselves.

Please take a look at the following comparison. It shows the tax effects on a single year’s income for a Georgia LLC, LLP, partnership, or sole proprietor vs. a C corporation, and compares it to a subchapter S corporation. Due to the way Georgia C corporations are exposed to double taxation, the payments are spread out over two years, which is not the case for partnerships or S corporations. To learn more visit http://www.hiscpa.com/article6.html  Please be reminded that as we write this that Congress is considering changing the way S Corporations are taxed. Stay tuned for more details. 

If you can this to meet this a.m. I will be able to get the return completed by Friday. 

Please be advised we will be out of the office serving on a mission trip next week.

John Dillard, CPA of His CPA, PC (An Atlanta Christian CPA firm) 1940 Woods River Lane, Duluth, GA 30097  Phone 770-814-9304   http://www.hiscpa.com/    http://www.john-dillard.com/ To retain John Dillard CPA (An Atlanta Christian Speaker/Author) for your business group or church congregation, you can contact him today at 770.814.9304.   “Dare to Attempt Something so Great for the Kingdom of God, that it is Doomed to Failure Lest God be in it!”

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