Accounting News and Notes

Alpharetta/Duluth CPA Provides Bookkeeping/Accounting to Atlanta Business Owners & Entrepreneurs

A determined and insightful understanding of your Profit & Loss statement (P&L) is essential and critical. Though a balance sheet is a recap of what has happened to a business’s assets and liabilities to date, a P & L,  properly resented/managed/understood is a look into the company’s short as well as its long term viability. A Profit and Loss statement  essentially measures how well the business is utilizing company assets, personnel procedures and facilities in its effectiveness of serving customers while keeping a keen eye on profit maximization. By properly gathering and studying one’s operations and its corresponding P & L, one can learn much about a business which is useful for measuring rates of return, detecting both positive and negative trends, taking corrective action, and business valuation.

For  all ratios, care and attention should be given to evaluate them in light of company size, maturity, business climate and industry. Though there are many general rules of thumbs for a variety of different industries, there is no substitution for wise and judicious counsel of a wise and trusted business adviser/CPA. They will help evaluate these and many other nuances which make your particular circumstances, operating overhead and unique niche.

Understudying Gross Margin: Making Pricing Decisions

Your  business P & L is to carefully evaluate its gross margin. This calculation is done by subtracting the company’s cost of goods sold from sales and by dividing its result by sales. Cost of goods sold is best measured as a percentage and proper care should be exercised to ensure that the periods P & L has properly allocated all direct sales cost to cost of goods sold. Typically most all of these costs will vary proportionally to the amount of product/services sold and delivered. A proper and consistently applied cut-off of accounting data is critical to this evaluation as otherwise the data/margins are unduly skewed to start.

Pretax Margin/Net Income Taxes

What your business nets in dollars and as a percent of sales are an essential part of understanding your business. A business pre-tax margin is determined by subtracting from sales, all cost of goods sold, personnel, sales and operating expenses. Knowledge of this margin is essential as it is a leading indicator of business future assets; liabilities and equity as well as the respective income taxes it/its owners will owe/be required to pay.
Net Margin/Net Income After Taxes

A business net margin is what a business has made off of its base operations/business decisions reached during the year. It is what is earned after paying all of a business P & L charges, depreciation, interest and taxes to both the IRS and the respective states in which a business operates. To maintain a clear and adequate understanding of this in dollars, it is prudent to invest the needed time and resources to ensure that one has an adequate overview understanding of how their business is taxed. To that end, it is wise to be aware of several key components:

• Does the business keep its internal books on an accrual basis and file the tax returns on a cash basis? Are the appending timing differences carefully delineated, documented and understood? For example, business owners might inadvertently neglect to recall that receivables billed and reported in an earlier period when financials are prepared on an accrual basis will have to be reported on a subsequent years tax return when the cash based tax return is prepared.
• Understanding of the company’s effective tax rate, which is determined by dividing one’s federal and state income tax bill by the related sales for the period.
• A company’s marginal tax rate, which is the amount of tax that would be due as a percentage and dollars, on any additional profit. This is a critical component as the IRS tax system is graduated, thus requiring more tax, as a percentage to be paid on additional net income.
Interest Expense

Usually there are several hidden risks in acquiring debt that companies need to contemplate before acquiring debt/line of credit. Any of these issues either individually or collectively can cause irreparable damage to your firm’s ability to operate and continue forward. Often business owners who are flush with cash fail to make wise and judicious cash/debt decisions as they are inclined to believe the good times will last forever. Also before making any large non-recurring cash expenditure, care should be exercised to review the proposed transaction with projected cash needs as detailed in the company’s business plan.

I have witnessed all too often companies spending all of the money they will soon critically need, simply for the lack of proper planning and advisement. An owner will also want to carefully contemplate a proposed line of credit/debt to be sensitive to its flexibility to meet an ever-changing business environment. Attention should be paid to ensuring the debt being requested is adequate as it is always better to have too much credit than too little. Also, the debt provisions should be carefully scrutinized to ensure that all provisions, repayment scenarios, and interest rate calculation and fluctuations are all well understood. Often banks and lending institutions will remove/negotiate several debt provisions in an effort to earn your business.

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

Serving Lawrenceville/Snellville/Norcross/Roswell as an Award Winning CPA for Decades
http://www.hiscpa.com/article3.html Gwinnett/Duluth CPA Teaches Personnel Keys to Managing Business Growth
http://www.hiscpa.com/article6.html Alpharetta/Roswell CPA Teaches the Tax Effects of Entity Choice
http://www.hiscpa.com/marketing-efforts.html Norcross/Sandy Springs CPA on Tracking Marketing Statistics for Your Georgia Business

John Dillard, CPA of His CPA, PC (An Alpharetta 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

Alpharetta/Duluth/Atlanta CPA Provides Risk Management 101 to Atlanta

Business Owners & Entrepreneurs Where Should Your Business Pay Its Taxes/Have State Payroll Withholding

Being aware of where and when to incorporate and where your business/company should pay its taxes and have payroll withholding on its employees, will provide you with needed insight to avoid unnecessary pitfalls, fees, and legal issues that befall many. There is a lot of hype out there about where to incorporate that may well lead you to discover that the steps you made to protect your business while in good faith, have caused complexities that hurt rather than help your business. In general there are several criteria to evaluate when considering where to originally incorporate/domicile your business as well as where to have your business do state withholding on its employees. All the criteria should be looked at in aggregation to consider including:

Base Business Operations - Where your business actually earns money and produces income is a critical component to consider in determining where your business should legally domicile and register. For example if your headquarters is in Georgia, you would incorporate in GA absent any other substantive issues. However if your business transacts business operations in other states you would want to consider registering your corporation as a foreign corporation in that other state. This designation does not register you as a foreign corporation to the U.S. but to the state where you are transacting business and have substantive business operations.

Employer/Employees - For all states where you have employees you will want to be sure to register and incorporate in those states whether you have an office in that state or even if you solely have employees who work out of their homes in those states. Generally speaking if you had an employee who was in a state for a very brief amount of time, then it would be cost disadvantageous to comply with all of the applicable state laws. As such, it is prudent to work with a CPA/your attorney to determine a wise and judicious Risk Management Policy.

Office/Physical Location - For all locations that your business has a physical location and on-going physical presence, you will want to register your corporation as doing business in that state. This would also likely ensure/require you to do state withholding in those states where you have employees and to withhold state income taxes and pay appropriate state and local income taxes. Having a sound risk management plan is an integral part of the incorporation/registration process and is tantamount in making wise and informed decisions.

Contact HIS CPA PC (A Christian Atlanta CPA Firm) today. To learn more about addressing IRS Tax Issues and Back Tax Returns visit http://www.hiscpa.com/working-with-the-irs.html  John Dillard is an Christian Speaker/Author and an Atlanta CPA. To See how he takes Christ along with him to work visit http://www.hiscpa.com/  and for his latest book Overcoming Life’s 9/11’s: Job’s Journey and a Voice of One: Nehemiah’s Prayer visit http://www.john-dillard.com/  or call John Dillard CPA today at 770.814.9304 (All Rights Reserved)

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

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

Serving Atlanta, Duluth, Gwinnett, Barrow, Bartow, Carroll, Cherokee, Clayton, Coweta, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Henry, Newton, Paulding, Pickens, Rockdale, Walton, Barrow, Bartow, Carroll, Henry, Newton, Bartow, Walton, Rockdale, Barrow, Spalding, Coweta, Dawson, Douglas, Fayette, Newton, Paulding, Spalding, Walton, Henry, Paulding, Douglas, Coweta, Canton, Covington, Douglasville, Druid Hills, East Point, Forest Park, Griffin, Lithonia, Mableton, McDonough, Milton, Mountain Park, Newnan, Powder Springs, Stockbridge, Union City, Villa Rica, Winder, Woodstock, Smyrna, Sandy Springs, Marietta, East Point, Gainesville, Snellville, Buckhead, Buford, Peachtree City, Dunwoody, Kennesaw, Decatur, Conyers, Stone Mountain, North Fulton County, DeKalb County, Hall County, Clayton County, Cobb County, Forsyth County, Hart County, Jefferson County, Duluth, Atlanta, Alpharetta, Johns Creek, Lawrenceville, Milton, Norcross, Snellville, Roswell, Buford, Cumming, Grayson, Lake Hartwell, Suwanee, Sugar Hill, Loganville, Lilburn, Dunwoody, Gainesville, Decatur, Atlanta GA, Gwinnett County, North Fulton County, Cherokee County, DeKalb County, Hall County, Clayton County, Cobb County, Forsyth County, Hart County, Jefferson County, Duluth, Atlanta, Alpharetta, Johns Creek, Lawrenceville, Marietta, Milton, Norcross, Snellville, Roswell, Buford, Smyrna, Marietta, Cumming, Grayson, Hartwell, Suwanee, Sugar Hill, Loganville, Lilburn, East Point, Gainesville, Snellville, Buckhead, Buford, Peachtree City, Dunwoody, Kennesaw, Decatur, Conyers, Stone Mountain, Decatur. Sandy Springs, Peachtree City, Douglasville, Newnan, Griffin, Woodstock, Carrollton, Forest Park, Canton, College Park, Cartersville, McDonough, Riverdale, Fayetteville, Covington, Stockbridge, Conyers, Clarkston, Barrow, Bartow, Butts, Carroll, Cherokee, Clayton, Coweta, Dawson, and Douglas.

Atlanta/Alpharetta CPA on Acting Locally to Help America’s Taxpayers

I stumbled across your web site as a result of a Google search for S Corp information.  I have been blessed by your message and witness.  Just wanted to let you know.  If you are ever speaking near Montgomery, AL – would you please let me know. Thank you.

Below is my response:

Thanks for visiting www.HisCPA.com and your kind words. 

If you are ever in Atlanta feel free also to look us up. We do have several clients throughout the U.S. and even one in Europe. With the Internet and all of the available technology I would welcome taking care of your CPA needs as well.

With thousands of CPA’s to choose from, it’s difficult for business owners to find the one who is best suited for their needs.  As a CPA for almost three decades, you soon discover that CPA’s like doctors and lawyers are not all alike and that each one has their own particular set of nuances, training, experience and specialties.  Our world has become one of intense specialization as you have had to hone and perfect your craft and you will want to find a business CPA whose dedication and ambition matches that of your own.  To that end, recapped below you will find several issues to contemplate as you make one of the most important decisions that will impact your business success and your family’s financial future:

• Find a CPA who has at least ten years of varied experience
• Someone has to graduate at the head of their class. 
• Elect to work with a CPA whose goal is more than just tax returns. 
• Find a CPA who cares more about the world than his business

As you make a decision for your business’s CPA, you make one not only for yourself but those who are depending on you as well.  These people include not only your family but also the family of your employees as your business and your own financial success depend on it.

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

In Him, John Dillard CPA, 770 814 9304 

http://www.hiscpa.com/article4.html Roswell/Sandy Springs CPA Teaches Businesses Techniques for Survival
http://www.hiscpa.com/internal-controls.html Christian Tucker CPA Helps Business Owners Develop Good Internal Control
http://www.hiscpa.com/forensic-accounting.html Your Georgia Business and Forensic Accounting by Atlanta CPA
http://www.hiscpa.com/budgeting.html Georgia CPA Helps Reduce Unnecessary Spending: Budgeting 101 by Roswell CPA
http://www.hiscpa.com/article1.html Atlanta CPA Illustrates Difference Between Planning & Historical Accounting by North Fulton CPA
http://www.hiscpa.com/article3.html Gwinnett/Duluth CPA Teaches Personnel Keys to Managing Business Growth
http://www.hiscpa.com/article6.html Alpharetta/Roswell CPA Teaches the Tax Effects of Entity Choice
http://www.hiscpa.com/marketing-efforts.html Norcross/Sandy Springs CPA on Tracking Marketing Statistics for Your Georgia Business 

And this is only some of the information available on our web site. You also have at our blog a host of other varied and timely tax and business management issues you can use. 

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.

Family Business Radio Presents Alpharetta CPA Firm…Where Atlanta Small Business Are Uplifted

We are pleased to be a part of the BusinessRadioX family and even more excited to be one of the showcase family-owned businesses.

Our mission is to create community focused entirely on family-owned businesses.  Our guests will include family-business owners just like you who will give you first-hand insight and share their stories of how they overcame obstacles, maintained strong-family bonds and built their business and their legacy.

In addition, we know first-hand that the right trusted advisor and the addition of non-family member executives at key stages of your family-owned business can make all the difference in ensuring that both your family and your family-business thrive.   So our show will include expert advisors and interviews with key non-family executives who have filled vital roles and contributed to the overall success of family businesses.

And we look forward to your input—let us know what topic is most pressing on your mind.   This is your community too.  Thanks for being part of it.

You can get Family Business Planning, Strategic Advice and Tax Ideas on Atlanta CPA John Dillard’s Podcast at http://familybusinessradio.businessradiox.com/116

 Meredith C. Moore, LUTCF, CLTC
10896-A8 Crabapple Rd
Roswell, GA 30075
Office: (770) 587-0281
Cell: (404) 697-5289
Fax: (770) 587-0283
http://www.moorewealthmgmt.com
moore@moorewealthmgmt.com 

“Coordinating the financial affairs for a select group in Greater Atlanta”

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 

His CPA PC…A Christian Atlanta CPA Firm: Never Underestimate the Long-Term Benefits

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.

Atlanta./Alpharetta/Duluth CPA Advises on How to Avoid The Top 10 Mistakes Taxpayers Make

Avoiding 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.  In 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.

1. Understanding 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.

2. Limitations on 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.

3. Alternative Minimum Tax (The ALM). 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.

4. Understanding 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.

5. Utilizing 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.

6. Non-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.

7. Qualified 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.

8. Never Underestimate the Value. 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.

9. Early 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.

10. Thinking Ahead. 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.

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

His CPA PC…A Christian Atlanta CPA Firm: Never Underestimate the Long-Term Benefits. 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

Atlanta CPA Provides Tax and Business Tips to Atlanta Business Owners & Entrepreneurs

The largest and most burdensome administrative responsibility for a business owner is payroll. Whether you have one employee or a thousand, both the IRS and your state has a myriad of payroll reports and deadlines for which you are required to complete. Unfortunately there is not a one-stop shop to pay and report all of the varying deadlines and taxes. However, there is a solution that makes the reporting of payroll dramatically more seamless than if you strive to go it on your own. To learn more visit http://www.hiscpa.com/payroll.html

Keeping in mind on an ongoing basis as well as during an IRS audit of what is a legal tax deduction and the documentation thereof is essential to sound business management. To learn more about how you can best be ready visit http://www.hiscpa.com/business-expenses.html

Also it will be wise to consistently evaluate, as well as when preparing for an audit, to ensure that your workers are properly classified predominantly to ensure that there are no workers, who are truly employees, that you are in error classifying as employees. To learn more and to ensue your workers are correctly classified at http://www.hiscpa.com/independent-contratctor.html

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

To learn more about addressing Atlanta IRS Tax Issues and Atlanta Back Tax Returns visit http://www.hiscpa.com/working-with-the-irs.html

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

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

Atlanta CPA Firm Presents Meredith Moore & Family Business Radio…Where Atlanta Small Business Discovers Tax & Financial Tips to Success

Greetings friends and colleagues. 

I successfully “aired” Family Business Radio for the first time yesterday.  Here is the showhttp://bit.ly/PremierFamilyBusinessRadio 

Moving forward, you can listen to the show at http://familybusinessradio.businessradiox.com/ on Thursdays at 1PM or wait for the podcast via e-mail each week.  Thematically, we will be having on a number of very successful local family business owners, their trusted advisors that work in this area and “family outsiders” that work in an executive capacity in this business.

I would HIGHLY encourage each of you to consider coming on the show or e-mail me about having one of your family business clients consider coming on.  It’s free press, as I incur all production costs.  You can market the podcast through social media, your website and database.  I have already booked out through most of May.   

You can get Family Business Planning, Strategic Advice and Tax Ideas on Atlanta CPA John Dillard’s Podcast at http://familybusinessradio.businessradiox.com/116

Meredith C. Moore, LUTCF, CLTC
10896-A8 Crabapple Rd
Roswell, GA 30075
Office: (770) 587-0281
Cell: (404) 697-5289
Fax: (770) 587-0283
http://www.moorewealthmgmt.com
moore@moorewealthmgmt.com 

“Coordinating the financial affairs for a select group in Greater Atlanta”

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 

His CPA PC…A Christian Atlanta CPA Firm: Never Underestimate the Long-Term Benefits 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.

Atlanta CPA Firm Offers Tax Guidance to Running Your Atlanta Business

Understanding the nuances and issues affecting business owners is essential to the efficient running of a business. Below is a sample excerpt that I might receive addressing unpaid Atlanta Back Taxes, Setting up an Installment Plan with the IRS, filing of payroll tax reports and their impact on the filing and payment deadlines of corporate income tax returns. 

I am killing myself trying to get 2009 finished.  I’m not sure what the deal is with the bookkeeper but I’ve had to make a change.   I finally was able to get my payroll file yesterday only to discover they did not file 941’s for the last 3 quarters of 2009 or GA withholding for the last 2 quarters.  What a mess!  I was up late last night doing those.  Thankfully the bookkeeper had made some payments online and we are overpaid for the year on 941 tax. I am so in over my head right now trying to handle the day-to-day office stuff while catching up the accounting side.   

We may need to extend 1120S but I plan to have all to you in time to file before the April 15 deadline for our S Corporation.

Below is my response: 

Please be reminded we have two deadlines to contend with. One is the corporate return which is March 15th and is easily extended.

 The second is getting on an Installment Plan which I do not suggest we push past the thirty days from the date of the IRS notice being mailed out to you. The concern there is that we do not want to immediately void an Installment Plan if we cannot pay in full the taxes owned on the 2009, as paying your taxes current is a condition of an Installment Plan staying in place.

One of the first things that I believe would be in your best interest is to hire a payroll service to prepare all of your payroll checks, debit your account to pay and to file all of your payroll tax reports. Payroll is perhaps the most administratively burdensome issue addressing America Small Business Owners and assigning this duty to a outside payroll processor who does only this, is a wise and prudent decision. In fact, I have found that even though I am a CPA that a payroll service can process my payroll

http://www.hiscpa.com/article6.html Alpharetta/Roswell CPA Teaches the Tax Effects of Entity Choice
http://www.hiscpa.com/marketing-efforts.html Norcross/Sandy Springs CPA on Tracking Marketing Statistics for Your Georgia Business 

And this is only some of the information available on our web site. You also have at our blog a host of other varied and timely tax and business management issues you can use. 

John Dillard, CPA of His CPA, PC (A Duluth 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 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/Duluth  CPA Asks: Do You Need Tax Advice 24 Hours a Day & 7 Days a Week?

Christian CPA Firm: Never Underestimate the Long Term Benefits  

At His CPA PC we strive to do business the old fashioned way giving our clients much more than they thought they needed. In our ever changing economic times it is even more important to stay ahead of the power curve in addressing your business issues, trends, and tax planning. To that end we have dramatically improved our web-site. 

Business Management and the whole of its many varied issues are a daunting issue for both the new and experienced business owner. His CPA P.C. has combined at their web site a litany of many varied issues, which has never before been available in such a succinct and well written format. John Dillard, CPA the firms founder desired to develop a firm which lived out the “Golden Rule” in serving both others and the community. By offering this information gratis, Mr. Dillard’s desire is to heighten the understanding of his fellow business owners and to contribute back to the community in which he lives and works. 

By turning onto www.HisCPA.com where you will find a plethora of information, within our articles and our blog, which will always be available at your fingertips. Covering issues for selecting a new entity type, how to look for a CPA, new corporation forms, and even a registration checklist is a must read for the new business owner striving to get off on the right foot of their financial future. For those who need financing you will be able to learn the various types of lending options available ranging from both traditional sources to alternative financing methods. By discovering which plan type works best for you and your business you will be better suited to successfully fulfill your business’s financing needs. There’s even a section on how to work with and “court” your banker to gain access to needed financing. 

For the savvy business owner there is much to be gained as there are recaps of payroll forms and how they are utilized, clarification of how to properly classify workers as either independent contractors vs. employees, and a checklist on how to come a new employer in Georgia. For those who have run afoul of the IRS and are dealing with tax issues, there are words of wisdom to successfully resolve your tax problems, how to pay your taxes on a timely basis by properly utilizing withholding, estimated payments, and extensions. You will also be able to discover the general guidelines and rules of how to qualify for and process and Offer in Compromise, which is where the Internal Revenue Service and Georgia both will reduce your bill to what you and afford to pay, based upon detailed tax rules and regulations. 

Proper preparation of financial statements and their utilization of financial statements are essential to a business owner being able to understand and adequately interpret their own operational results. Explaining the difference between current and long term assets, cash flow statements, forecasting, and gross margin analysis will give the savvy business owner the information they need to account for their business accurately. By utilization and understanding of this information, you will be able to accurately decipher trends and variances well before they become problematic or worse. The web site details how to use your own business’s financial information to discover how to manage the pulse and heart beat of your business. 

Knowing how to properly track business deductions, protecting your business’s intellectual property, how to buy insurance, handling automobile expenses, mergers and acquisitions, business purchases and sales, and just some of the other issues you will discover as you will want to go back again and again gaining needed wisdom and insight as you plan your business’s future. 

Call John Dillard CPA at His CPA P.C. Today at 770-814-9304 or visit us on-line at www.HisCPA.com

Put our CPA to work for you to make sure you pay only your lowest legal tax. We work hard helping with Advice on:

Entity Selection and Incorporating in Georgia  http://www.hiscpa.com/article2.html
Tax Analysis of LLC vs. S Corporations        http://www.hiscpa.com/article6.html
IRS Representation/IRS Tax Problems      http://www.hiscpa.com/irs-audit.html

Offer in Compromise/Back Taxes    http://www.hiscpa.com/offer-in-compromise.html
CPA/Tax Services                                                http://www.hiscpa.com/
Financials/Financial Statements             http://www.hiscpa.com/what_we_do.htm
Bookkeeping/Accounting                   http://www.hiscpa.com/keeping-books.html

Corporate Income Taxes/Tax Returns        http://www.hiscpa.com/tax-services.html

Personal Income Taxes/Tax Returns          http://www.hiscpa.com/tax-top-ten.html
Payroll Administration                                  http://www.hiscpa.com/payroll-tax.html
Retirement Planning                             http://www.hiscpa.com/retirement-planning.html

Financial Reporting                            http://www.hiscpa.com/attestation-services.html

Strategic Business  Checklist            http://www.hiscpa.com/business-checklist.html  

Atlanta CPA & Beyond                          http://www.hiscpa.com/tax-services.html

An Award Winning CPA                        http://www.hiscpa.com/pressrelease1.html
Our Ministry/Key-Note Speaking                    http://www.john-dillard.com/

Contact John Dillard CPA of His CPA (a Christian CPA firm) at 770 814 9304 and visit www.HisCPA.com

Alpharetta/Tucker/Hall CPA Offers Tax Directory for Atlanta Business Owners/Entreprenuers 

Christian CPA: Never Underestimate the Long Term Benefits

When was the last time you got any good FREE Business and Tax Management Information you can use 24 Hours a day & 7 Days a week.

http://www.hiscpa.com/investing-101.html Atlanta CPA Teachings Investing Techniques
http://www.hiscpa.com/retirement-planning.html Gwinnett/Suwanee CPA Helps Business Owners Plan for Retirement
http://www.hiscpa.com/stock-options.html Georgia Stock Options by Roswell CPA
http://www.hiscpa.com/business-valuations.html Valuing Your Georgia Business by Alpharetta CPA
http://www.hiscpa.com/accounting-checklist.html Georgia Business Acquisitions Business Checklist by Grayson CPA
http://www.hiscpa.com/quality.html Helping Hall/Forsyth 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 Hall CPA Teaches Business Ethics
http://www.hiscpa.com/achieving-excellence.html Atlanta/DeKalb /Hall CPA Encourages Business Excellence
http://www.hiscpa.com/intellectual-property.html Duluth/Gwinnett CPA on Protecting Georgia Business Owners Intellectual Property Rights
http://www.hiscpa.com/risk-management.html Gwinnett/Duluth/Alpharetta CPA Advises on Risk Management
http://www.hiscpa.com/non-compete.html Understanding Your Georgia Non-Compete Agreement by Tucker CPA
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 by Hall/Forsyth CPA
http://www.hiscpa.com/adding-partner.html Expanding Your Georgia Business by Adding a Partner by Atlanta/Alpharetta  CPA
http://www.hiscpa.com/article4.html Roswell/Sandy Springs CPA Teaches Businesses Techniques for Survival
http://www.hiscpa.com/internal-controls.html Christian Tucker CPA Helps Business Owners Develop Good Internal Control
http://www.hiscpa.com/forensic-accounting.html Your Georgia Business and Forensic Accounting by Atlanta CPA
http://www.hiscpa.com/budgeting.html Georgia CPA Helps Reduce Unnecessary Spending: Budgeting 101 by Roswell/Alpharetta CPA
http://www.hiscpa.com/article1.html Atlanta CPA Illustrates Difference Between Planning & Historical Accounting by North Fulton CPA
http://www.hiscpa.com/article3.html Gwinnett/Duluth CPA Teaches Personnel Keys to Managing Business Growth
http://www.hiscpa.com/article6.html Alpharetta/Roswell CPA Teaches the Tax Effects of Entity Choice
http://www.hiscpa.com/marketing-efforts.html Norcross/Sandy Springs CPA on Tracking Marketing Statistics for Your Georgia Business

And this is only some of the information available on our web site. You also have at our blog a host of other varied and timely tax and business management issues you can use. 

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 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.