Accounting News and Notes

Duluth/Gwinnett CPA: Tax Tips & Quotes for Your Personal Income Taxes 

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

“When you get ready to file your personal tax return, perhaps one of the biggest issues you will want to initially determine is your filing status. This one issue will affect not only the way you compile and file your return but the actual amount of your tax obligation as well. Tax law mandates that your filing status is determined by your marital status on the last day of the tax year, December 31st.” — Atlanta CPA, John Dillard CPA

“Understanding how your Adjusted Gross Income (AGI) is determined and what yours is will be essential to managing your family’s income and spending levels for without a keen grasp, there is both nothing to manage and to benchmark your cash outlays against.” — Atlanta CPA, John Dillard CPA

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