Accounting News and Notes

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

John Dillard — Wed, 17 Mar 2010 19:42:59 +0000

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.

Alpharetta CPA Encouraging Atlanta Believers to Trust in Your Future…Taking Christianity Into the World

John Dillard — Wed, 17 Mar 2010 13:17:35 +0000

Alpharetta CPA Encouraging Atlanta Believers to Trust in Your Future…Taking Christianity Into the World

I have learned that though the world will do what it can to beat me down, I will not be deterred nor driven away from the Holy Spirit’s prompting on my life.

Jeremiah 29:11 For I know the plans I have for you,” declares the LORD, “plans to prosper you and not to harm you, plans to give you hope and a future.

As God continues to reveal His truth to my heart and mind. I am constantly reminded of his great desires for our lives and for us to fulfill our God given destiny. Learning new truths from scripture, I discovered God’s hand both in my life and that of others. Studying in the Old Testament in Jeremiah, we come face to face as we learn God will never forsake us or give us more than we can bear.

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!

Alpharetta/Atlanta CPA Provides Tax Guidance for Atlanta Taxpayers Seeking Tax Relief from Levying/Collection Efforts on Back Taxes…While Seeking Penalty Abatement

John Dillard — Wed, 17 Mar 2010 10:56:38 +0000

Alpharetta/Atlanta CPA Provides Tax Guidance for Atlanta Taxpayers Seeking Tax Relief from Levying/Collection Efforts on Back Taxes…While Seeking Penalty Abatement

So you’ve just gone to your mailbox and much to your chagrin you have received an IRS notice. Your immediate reaction is one of fear and dread as your pulse races and you are not certain of what to do next. Although most certainly your initial reaction will be as described, there is a different path to resolving all audit issues to yours and the IRS’s satisfaction and to close your audit with no additional monies due. The first thing I always encourage taxpayers to do is to hire a CPA who is well experienced in handling tax issues, audits, levies, garnishments and collection efforts. For just as you might not be able to read a book and do your own major surgery so are your opportunities for success limited when you chose to represent yourself before the IRS. It is also noteworthy to consider whether a taxpayer might be a successful candidate for an Offer in Compromise and to carefully consider all the options before selecting the one that is best suited to address a particular client. Below is a sample letter that might be used to address old and previously unfiled back taxes:

Internal Revenue Service, Atlanta GA 39901

I am writing you in a good faith attempt to come to terms over the above taxpayers’ present predicament and to file all of their unfiled income taxes. Please suspend all collection efforts and the levy on the wages the taxpayer as I have previously forwarded on 2-20-10 all of the unfiled tax returns for the 2006 to 2009 tax years and have enclosed a check to pay the total tax and interest will requesting that the IRS abate the penalties. I had previously forwarded a check for $3,000 which we asked to be recorded as follows:

Tax Year Tax Per Original Return (Return Enclosed)

2006 1000

2007 1000

2008 1000

2009 500

Total Original Taxes $3500

Add Estimated Interest 500

Less 1-22-10 wage garnishment 1000

Total Check Enclosed $3000

Please apply on the IRS records the above garnishments to the taxpayers original tax liabilities for the outstanding years. Then apply the check enclosed first to the original tax liability and then to the accrued interest assessed as determined above. After you have applied the monies as per the above, this would make the account reflect no original taxes nor interest due.

I am asking you to abate all of the assessed penalties as the taxpayer has faithfully responded by meeting the due date we agreed to of filing the returns by January 15, 2010. Accordingly by nature of their response and the enclosed check for the difference I believe it is a just and fair request to abate all of the previously assessed penalties.

Having a ongoing levy/wage garnishment against the taxpayers substantially impairs the taxpayers ability to address their ongoing financial obligations and indeed impair their ability to live, pay their past taxes and ongoing mortgage, medical costs etc. Accordingly please cease all collection efforts of the taxpayer while the IRS is able to process the above check to settle their account in full, abate their tax penalties, and to process the above checks being returned and to close their file, with no monies due.

The taxpayers had no financial adviser in the past and they have retained me to assist them in this endeavor. At your earliest opportunity please call and confirm that the collection efforts have been stopped.

Please do not hesitate to contact me if you have any questions.

Sincerely, John C. Dillard, CPA, PC, Partner in Charge

I am looking to grow my business by adding key accounts like you with goals and aspirations just like yours. So if you know anyone looking for a Good CPA, please let me know and to check me out at www.HISCPA.com or our book ministry at www.John-Dillard.com Please be sure to allow 10 days for me to complete the returns.

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!

Alpharetta/Atlanta/Duluth CPA on Presenting Your Plans Before the Lord…Taking Christianity Into the World

John Dillard — Tue, 16 Mar 2010 18:20:40 +0000

Alpharetta/Atlanta/Duluth CPA on Presenting Your Plans Before the Lord…Taking Christianity Into the World

Below are excerpts from but a piece of the many, many communications that we have daily, nightly, weekly and monthly to prepare our minds and more importantly our hearts for what God will have us do on our Family Mission Trip to Serve our Native Americans the Navajo on the Reservation in Pueblo Pintado, NM:

We will be Meeting Thursday 3-25 at 5:30 p.m. at the Fontera Mex. Rest. in the Kroger Shopping Ctr. on Sugarloaf Pwky. across from the Gwinnett Civic Ctr.

There we will be discussing:

-The new criteria for construction and service projects which shows favoritism towards projects for which a family member/Friends/advocate there on the reservation can work alongside us. This year our construction goal is to see what we can do to partner with the Navajo. When locals are unable to work such as Nelson, we will be seeking for both Philip and Marcus to help, for it is in working alongside of others that we will best be able to support, encourage and share God’s love.

-In preparation of this meeting, I am asking Mark and Nathan to go ahead and call out to NM to share our new policy and to see what projects lay ahead for us and to start planning on what we need to do/required tools/materials.

-This year we will have the A Team and B Team Construction

-The A Team will be led by Nathan and consist of adult men and women who desire to do/get assigned to do construction as well as several of the older teens. All things being equal we will also show favor to those projects that have already purchased and have on site the required supplies. If at all possible I am hoping that at least two of the A Team can arrive early on the reservation to scout projects and to buy needed supplies on Saturday. That way we can if need be, we can do any initial set up work to get larger service projects started late Saturday/Sunday.

-The B Team will be led by Mark and will at times consist of just a few of our teens to almost all, as well as most/all the Navajo teens. Team B will focus on service projects that will be Construction Lite’ projects such as staining, painting, laying gravel etc. As many of these projects may be smaller we are asking that as many Navajo as possible have all of the items/parts ready and on site to complete required projects on their homes.

As with all missions there is a certain amount of “flux” and this will be no different. However each day I envision the Bugs4Christ and the A Team will get started early and then the B team shortly thereafter. Mark, you will be free to pull from both the Navajo and our teens (that are assigned to our group) to pull them out at any time to head off to work on service projects. Kevin and John of Bugs for Christ are working together to coordinate the work to rebuild the VW and sports camp, but with predominant emphasis place on the many man hours required for the VW rebuild.

Then towards twelve to two’ish in the afternoon that ALL Sports camp participants and then later in the day some of the Bugs4Christ personnel will join us on Service Projects. As such Mark, please be sure to find us at least one larger construction project that we can work on during the week. Please also check with Mr. Spade to see what items he might need/want us to address.

As we ready our plans and submit them before God, I pray that He alone be honored by our efforts!!!!

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

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

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

John Dillard — Tue, 16 Mar 2010 12:38:49 +0000

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.

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

Atlanta/Alpharetta CPA on Finding Our Way to God…Taking Christianity Into the World

John Dillard — Tue, 16 Mar 2010 12:09:09 +0000

Atlanta/Alpharetta CPA on Finding Our Way to God…Taking Christianity Into the World

Frequently when we try to share God’s love with others we get tongue tied as we strive to me more insightful than we need be. When Jesus walked the earth it seemed as if He made all of the complicated things we see; simple.

John 14:6 Jesus answered, “I am the way and the truth and the life. No one comes to the Father except through me.

One of the talents God alone has blessed me with is one of exhortation. Over the last thirty years of my life, my focus has been predominantly how I can grow in my walk and my study of the Bible, I have discovered the richness, body and compassion of the New as well as the Old Testament. No longer do I see an angry God but how much he loves each and every one of us deeply and whose undeniable commitment to his people. John 14:6 is the verse that I go back to again and again as I seek to tell others of my Lord Jesus Christ. I have learned that by keeping it simple on my part, that God can do His work.

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!

Alpharetta/Duluth CPA Reminds Atlanta Business Taxpayers Corporate Income Tax Returns are Due Today

John Dillard — Mon, 15 Mar 2010 17:08:30 +0000

Alpharetta/Duluth CPA Reminds Atlanta Business Taxpayers Corporate Income Tax Returns are Due Today

Today, March 15, 2010 is the last day to file/have postmarked your corporate income tax return for C Corporations/Form 1120 and S Corporations/Form 1120S. This due date also relevant for LL’s (Limited Liability Companies) that have filed a Timely IRS Form 2553 and opted to be taxed as an S Corporation.

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. Stay Tuned for Tax News You Can Use!

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!

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

John Dillard — Mon, 15 Mar 2010 15:20:52 +0000

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”

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!

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

John Dillard — Mon, 15 Mar 2010 14:10:58 +0000

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.

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!

Award Winning Atlanta/Duluth/Alpharetta CPA Serving Metro Atlanta & Beyond

John Dillard — Mon, 15 Mar 2010 13:32:11 +0000

Award Winning Atlanta/Duluth/Alpharetta CPA Serving Metro Atlanta & Beyond

We are pleased to offer your enterprise a unique “Virtual” Chief Financial Officer, line of services. As CPA and “Virtual” CFO, your business’ success is nearly assured through assistance that will help you avoid those costly mistakes that often stop a new enterprise dead in its tracks.

Please take a few minutes to browse the information contained on this web site to see just what a qualified, highly respected CPA can do for your company. Keep up with current financial and accounting news in John Dillard’s Blog: Accounting News and Notes Below is a recent inquiry we received off of my web site:

I would like to know if you know of a Good Christian Tax person like yourself in the Ft. Worth, TX area. Thank you,

Below is my response:

Thanks for visiting www.HisCPA.com We take care of several clients throughout the U.S. and have one in Europe. With technology is it as easily for someone miles and miles away to stay well connected.

On the contact page of my web site www.HisCPA.com I have a checklist you can use to pull your information together. I look forward to hearing from you soon.

Cheers, John Dillard CPA, 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!