Accounting News and Notes

Duluth CPA Teaches Gwinnett/Atlanta Business Owners Bookkeeping

If you have the full time day-to-day and hour-to-hour responsibilities of running your business the last thing you will want to do at the end of the day is your own bookkeeping.

At His CPA PC We Can Help You With…

• Outsourcing of Financial Statements

• Outsourcing of Bookkeeping

• Overseeing of your In-House Bookkeeper

• Serving as a Part-time Virtual CFO/Controller

As an outside Certified Public Accountant, His CPA PC provides Part-Time Virtual CFO and controller support including guidance on:

• Bookkeeping and Accounting.

• The initial set-up of your company’s books and chart of accounts.

• Payroll and Sales Tax administration.

• Monthly and Quarterly Financial Statements.

• Monthly Management Reports including substantive ratios, trends and gross margin analysis.

“We work with our clients to help guide you step-by-step to help you guide and manage your business towards profitability and business success.” – John Dillard CPA

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

www.HisCPA.com A Christian CPA Firm in Duluth GA Proudly Serving Suwanee, Lawrenceville, Snellville, Lilburn, Duluth, Norcross, Peachtree Corners, Atlanta, Gwinnett, Fulton, Johns Creek, Roswell, Forsyth, Flowery Branch, Buford, Cumming, Dunwoody, Alpharetta, Dunwoody, Sandy Springs and Tucker as a Faith Based CPA Firm

Duluth Bookkeeping by Award Winning Gwinnett CPA

John Dillard CPA has been an Atlanta CPA for decades, in Gwinnett since 1982 and in Duluth for the last fifteen years. At His CPA PC we focus our business on helping Gwinnett and Atlanta Business Owners succeed.

“Working with Gwinnett Entrepreneurs and Business Owners is the focal point of our practice. Put our talents to work for you today, being sure you get timely relevant financial information.” – John Dillard CPA

At His CPA PC we can help you with your bookkeeping ensuring that:

• Your financial statements are properly compiled

• Your bookkeeping gives a true picture of your financial position

• You gain financial insight you can use to make prudent business decisions

• Your charts of accounts are well organized for the tax and the “tax man”

• Your accounts are properly classified in the proper sections of your company’s Balance Sheet and Profit and Loss

• Your payroll and sales tax reports are prepared efficiently

• Your financial reports provide essential management information

“The best way to know where you are going is to know where you are.” -John Dillard CPA

We work hard on your financial statements so that you don’t have to. John Dillard CPA of His CPA PC provides Atlanta Business Owners with the option to outsource your bookkeeping needs. Whether you need light bookkeeping or help with the most difficult of management and financial statement issues, His CPA can help. Providing Virtual CFO services to Atlanta Business Owners for decades John Dillard CPA, “brings to the table” a varied and expansive resume of credentials, awards, community involvement and expertise. To read more about Bookkeeping Solutions For Your Metro Atlanta Business see http://www.hiscpa.com/bookkeeping-solutions.html

www.HisCPA.com A Christian CPA Firm in Duluth GA Proudly Serving Alpharetta, Suwanee, Lawrenceville, Norcross, Atlanta, Gwinnett, North Fulton, Johns Creek, Roswell, Forsyth, Flowery Branch, Buford, Dunwoody, Snellville, Lilburn & Grayson as an Award Winning CPA

Alpharetta/Lawrenceville/Norcross CPA…Assisting Atlanta Taxpayers Financial Statements & Bookkeeping Issues

Having computerized accounting package which has a balance sheet and profit and loss capability is a great start to being able to track your business transactions accurately and efficiently. Each year we assist many small businesses in using QuickBooks as it is good system and often has much more capability than you will ever need. For many Atlanta new and startup business we help advise them on the easiest way to use their accounting program/QuickBooks so that their bookkeeping and financial statements are both easy to prepare and utilize in making wise and informed management decisions.

Being an expert at running your business does not make you the one that should assume the responsibility of accounting for your business. By applying our decades of experience we are well suited to guide you to track the financial and operational affairs of your business so that your bookkeeping issues and preparation of your financial statements is seamless and painless.

Atlanta Part-Time Virtual CFO http://www.youtube.com/watch?v=ZDEgIDuDv_g&feature=mfu_in_order&list=UL

www.HisCPA.com

A Christian CPA Firm in Duluth GA Proudly Serving Alpharetta/Suwanee/Lawrenceville/Norcross/Atlanta/Gwinnettt/North Fulton as an Award Winning CPA

Need Help With Your Atlanta Financial Statements or Bookkeeping?

http://www.youtube.com/watch?v=PhpMHlJ2Fbw

Atlanta Part-Time Virtual CFO

http://www.youtube.com/watch?v=ZDEgIDuDv_g&feature=mfu_in_order&list=UL

Atlanta CPA: Aggressive Pricing, We Are All in This Economy Together

We want to be an integral part of your management team.  When you are better informed of your options and tax laws that affect you and your business, we remain poised to assist you as you work to successfully manage your business. As a CPA in Atlanta for decades I have learned that collecting all of the information available is essential to prudent decision making. Be sure you find a CPA who cares about you as a person, more than he does about you as a client. At His CPA PC, we believe all new clients should enjoy a chance to interview us for free and to enjoy benefits of aggressive pricing, especially when not tax season. The below is a sample letter we might receive off of our web site:
I have my own business and need help with tax planning for my year end taxes. I need help with the taxes on this money, and what I should be putting aside each month for federal and state income taxes. I am married, have three children and will me filing jointly.  Can you help and how much will it cost me?  Thanks.

Below is my response:

Thanks for visiting www.HisCPA.com

I would be happy to help you with your tax question. I would estimate at least two hours to properly address your question with our standard hourly rates.  To help out and to invite you to be a client I would welcome helping you with your question for a discounted price to earn your business.
Please let me know and we can set up a mutually convenient time to get started. I would have you bring along a copy of your last year’s return and totals of all that you expect to receive as income in 2009 so that we might tax plan for accordingly. I look forward to hearing from you.

John Dillard is an Christian Speaker/Author and Certified Public Accountant. To See how he takes Christ along with him to work visit http://www.hiscpa.com/ or all John Dillard CPA today at 770.814.9304 Serving Metro Atlanta for over thirty years.

For those seeking advice on: IRS representation, Offer in Compromise, Tax Problems, Incorporation in Georgia, Corporate and Personal Income Tax Returns, Part-time CFO, Virtual Controller, Business Planning, Back Taxes, Business Acquisitions/Sales, Forensic Accounting, Business Valuations and Bookkeeping HisCPA PC

Atlanta CPA: Bookkeeping for Atlanta Business Owners

http://www.youtube.com/watch?v=OVYiWAidt3Y

Atlanta CPA: Preparing Corporate Income Taxes for Decades

http://www.youtube.com/watch?v=LCTWMcvho_M

Atlanta/Alpharetta/Suwanee CPA Asks…Is Your CPA Sensitive to Your Needs?

Is Your CPA Turning Around Your Data/Returns on a Timely Basis?

The below is a sample letter we might send to a prospective client seeking to retain a new CPA. Be sure your CPA works hard to earn your business, keep your tax bill as low as legally possible and to turn around your tax returns on a timely efficient basis:

I enjoyed talking to you about our firm and services. It sounds like we would be a good fit for your CPA needs.

Please note we promise 10 day turnaround on all of our work but usually do the work in 2 to 3 days. I look forward to hearing back from you soon.

HIS CPA & Who We Are

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.

To help earn your business…I would like to propose a quote of $750 for your corporate income tax return. This assumes your data is well presented and organized.

Please be reminded that IRS Form’s 1099 are required to be issued to independent contractors by January 31st of the following year and then to the IRS by the end of February of the following year.

Accordingly if you have not yet issued those for 2010 they are now several months late. I would be happy to show you how to do those for 2010 and then you can use your payroll service to do them on a timely basis in the future.
I look forward to hearing from you soon.

John Dillard, CPA of His CPA, PC, 1940 Woods River Lane, Duluth, GA 30097  Phone 770-814-9304  www.HisCPA.com A Christian Atlanta CPA Firm  Serving Atlanta, Alpharetta, Suwanee, Duluth, Gwinnett and beyond as a CPA for Decades  Dare to Attempt Something so Great for the Kingdom of God that it is doomed to failure, lest Christ be in it!

How His CPA Became a Christian CPA Firm

http://www.youtube.com/watch?v=mdh7DaSwnX0

Atlanta CPA on IRS Installment Plans

http://www.youtube.com/watch?v=nvz4y1Ld4vE

Atlanta CPA: Financial Statements and Bookkeeping Issues for Atlanta Business Owners

Need Help With Your Atlanta Financial Statements or Bookkeeping?

http://www.youtube.com/watch?v=PhpMHlJ2Fbw

Visit us online at www.HisCPA.com A Christian Atlanta CPA Firm Christian CPA Asks: Is Your CPA Telling Your Everything Is Your CPA Telling Your Everything.

Be sure you work with an Atlanta CPA who lays it all out, just as Jesus would in telling all the costs and variables, as best as possible to ensure there are not misconceptions about either the work involved or the cost. Below is a sample letter that might be used to full advise a client requesting a formal proposal for services: Below is the letter, which we will give to each company at the beginning of each calendar year

To:______________________________________ Date______________________ ______________________________________ ______________________________________ ______________________________________

Enclosed you will find the federal and state income tax returns for the company for the year ended 2012. Enclosed I have included instructions with respect to the filing of these tax returns. This letter is to confirm our understanding of the terms and objectives of our engagement and the nature and limitations of the services I have provided in connection with these compiled financial statements.

1. I have performed the following services: I have compiled from information you provided the annual financial statements of the company for the above year-end. A compilation is limited to presenting in the form of financial statements information that is the representation of management. I did not review or audit the financial statements and accordingly, do not express an opinion or any other form of assurance on them. The financial statements will not be accompanied by a report.

 Based upon our discussions with you, these financial statements have been designed to meet your needs in managing your business. Accordingly, these statements are for management’s use only and are not intended for third-party use.

Material departures from Generally Accepted Accounting Principles (GAAP) exist and the effects of those departures, if any, on the financial statements are not disclosed. In addition, substantially all disclosures and the statement of cash flows required by GAAP have been omitted. Notwithstanding these limitations, you represent that you have knowledge about the nature of the procedures applied and the basis of accounting and assumptions used in the preparation of the financial statements that allows you to place the financial information in the proper context. Further, you represent and agree that the use of the financial statements will be limited to members of management with similar knowledge.

The financial statements are intended solely for the information and use of management and are not intended to be and should not be used by any other party. Should you require financial statements for third party use, we would be pleased to discuss with you the requested level of service. Such engagement would be considered separate and not deemed to be part of the services described in this engagement letter.

This will confirm that you are solely responsible to establish and maintain internal controls, including monitoring ongoing financial activities related to the services. Our engagement cannot be relied upon to disclose errors, fraud, or illegal acts that may exist. However, I will inform the appropriate level of management of any material errors that come to our attention and any fraud or illegal acts that come to our attention, unless clearly inconsequential. In addition, I will report to you any evidence or information that comes to my attention during the performance of our procedures regarding illegal acts that may have occurred, unless they are clearly inconsequential. No such fraudulent or illegal acts came to our attention during the engagement.

In the event of a dispute over our engagement, we mutually agree that any dispute that may arise in connection with our engagement will be submitted to mediation by selecting a third party to help us reach an agreement. We acknowledge that the results of this mediation will not be binding upon either of us. The costs of the mediation will be shared equally by both of us. If I incur legal fees as a result of our reliance on any false representation by you, you agree to reimburse us for all of our legal fees and related costs of defense. In view of the limitations described above, you agree not to take, or assist in, any action seeking to hold us liable for damages due to any deficiency in the financial statements I prepare and you agree to hold us harmless from any liability and related legal costs arising from any third-party use of the financial statements in contravention of the terms of this agreement.

This will confirm that all of my work will be done at our standard hourly rate of $195 per hour, that invoices are due upon receipt, that finance charges at the rate of two percent per month and collection costs are due on all unpaid monies, and that you personally guarantee payment of all invoices, and that you acknowledge that both you and your business/corporation are both jointly and severally liable for all billings. This will confirm that if a suit is required to handle any collection issues or legal issues of any type that they will be legally tried in the state of Georgia, in Gwinnett County. If the foregoing is not in accordance with your understanding, please notify me in writing within five days of this letter.

Sincerely, John C. Dillard, C.P.A., President HisCPA PC (A Christian CPA Firm)

Offers Free Initial Consultations/Interviews offering: Atlanta Bookkeeping Services Atlanta Financial Statements Atlanta Tax Problems Atlanta Tax Preparation for Business Owners & Personal Income Tax Returns.

John Dillard is a Christian Certified Public Accountant. To See how he takes Christ along with him to work visit http://www.hiscpa.com/  (An Atlanta CPA firm) To contact John Dillard CPA (Atlanta Christian Author/Speaker) today call 770. 814.9304 proudly serving Duluth, GA, Gwinnett County and Beyond.

Is an S Election the Right Entity Choice for Your New Corporation? 

Should You Convert Your S Corporation to an LLC for Tax Purposes? 

Do you need a CPA as a Sounding Board for Important Business Decisions? 

Numbers 27:15-17 Moses said to the LORD, “May the LORD, the God who gives breath to all living things, appoint someone over this community to go out and come in before them, one who will lead them out and bring them in, so the LORD’s people will not be like sheep without a shepherd.” 

When selecting a CPA for your business be sure to hire the very best CPA you can find. An award winning one would be a good start for that will show a pattern of peak performance and excellence. 

Always before hiring a CPA, check their references. Know, don’t guess, what their clients have to say. 

Also looking to hire a CPA who is well versed in many Business Management areas will do much to ensure that all areas of your company are being well-managed and not just your taxes. 

Have a CPA who can also serve as a part-time/virtual CFO/controller is your best option to ensure the profitability and survivability of your company.

The below is a sample letter we might send to a client to assist with their new business start-up.

Be sure that you work with a CPA who is not only technically proficient in tax law but is also a good communicator. 

I look forward to working with you. ASAP after you get the completed paperwork please get to me copies of all of your incorporation papers, your past personal return filed, where IRS assigned your EIN and where they accepted your S Corporation status. 

For all of your payroll needs I suggest you use a payroll service. I would suggest waiting to contact them until you have achieved profitability. 

After I get all of the above I will also register you for State withholding, sales tax and unemployment numbers. 

You are automatically registered for Federal Unemployment when you received your EIN. 

Please be reminded even if you have no payroll for a reporting period that both the IRS and GA will expect you to file the payroll reports on a timely basis so be sure to file these showing no payroll, while being sure to keep a copy of the report for your files.

Atlanta Part-Time Virtual CFO 

http://www.youtube.com/watch?v=ZDEgIDuDv_g&feature=mfu_in_order&list=UL  

Visit us online at www.HisCPA.com   A Christian Atlanta CPA Firm 

Need Help With Your Atlanta Financial Statements or Bookkeeping?

http://www.youtube.com/watch?v=PhpMHlJ2Fbw

His CPA PC…A Christian Atlanta CPA Firm: Never Underestimate the Long Term Benefits Serving Metro Atlanta as a CPA for Decades  www.HisCPA.com

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.

Trying to Incorporate Your New Georgia Business? 

Don’t Know Which Entity Type is Best For Your Business? 

Choosing the wrong entity type for your business can cost you thousands at tax time. A bad choice though not forever etched in stone is not a easy fix. 

Though you might have initially set up your new business as an C Corporation or an LLC, all is not lost as both entity types may file a Small Business Election/IRS Form 2553 to convert the entity over to an S Corporation for tax purposes. 

Incorporating Your Business: Choosing a Business Entity Type

http://www.hiscpa.com/incorporating-articles.html 

Make sure You Understand  the Tax Effects of Entity Selection 

Among the different ways of incorporating your business — C corporations, S corporations, and Limited Liability Companies — there are practical reasons for choosing a given method, such as the number of shareholders or liability considerations. For many small businesses that are going to consider incorporating in Georgia, the tax advantage of the Georgia S corporation should not be overlooked.  http://www.hiscpa.com/article6.html  

There are many reasons a taxpayer may look to incorporate their business ranging from legitimacy, liability limitation and tax mitigation. Understanding these many nuances is your best first step in ensuring that you chose an entity type is best achieving success given your business model and operations. Entity selection is determinant on many issues ranging from citizenship, number of shareholders, ease of operation, tax obligations and year-end filings and even who your shareholders will be. Though many of these issues will conflict, working with a professional who is well versed in these issues will help you make the best election available for your new Georgia Business. 

Numbers 27:15-17 Moses said to the LORD, “May the LORD, the God who gives breath to all living things, appoint someone over this community to go out and come in before them, one who will lead them out and bring them in, so the LORD’s people will not be like sheep without a shepherd.” 

When selecting a CPA for your business be sure to hire the very best CPA you can find. An award winning one would be a good start for that will show a pattern of peak performance and excellence. 

Always before hiring a CPA, check their references. Know, don’t guess, what their clients have to say. 

Also looking to hire a CPA who is well versed in many Business Management areas will do much to ensure that all areas of your company are being well-managed and not just your taxes. 

Have a CPA who can also serve as a part-time/virtual CFO/controller is your best option to ensure the profitability and survivability of your company. 

Atlanta Part-Time Virtual CFO 

http://www.youtube.com/watch?v=ZDEgIDuDv_g&feature=mfu_in_order&list=UL  

Visit us online at www.HisCPA.com  A Christian Atlanta CPA Firm 

Need Help With Your Atlanta Financial Statements or Bookkeeping?

http://www.youtube.com/watch?v=PhpMHlJ2Fbw

His CPA PC…A Christian Atlanta CPA Firm: Never Underestimate the Long Term Benefits Serving Metro Atlanta as a CPA for Decades  www.HisCPA.com

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.