Accounting News and Notes

Duluth GA CPA: Getting Tough Tax Questions Answered

Hiring an Award Winning CPA is one of the best things you can do to make sure that your company’s financial statements are correctly compiled, IRS Representation issues are well done, and that your corporate and personal income taxes are done ensuring that only your lowest legal possible income tax is paid.

One of the first surprises many business owners face when incorporating their business is discovering a listing of the individual due dates associated with the filing of their incorporated entities and the requisite attendant returns. Although the IRS does allow for the proper extension of returns, there is little “wiggle room” for the prompt payment of all taxes. For nearly a century the IRS and states have been a pay as you go system requiring all legally incorporated entities and their respective members/owners/shareholders to pay their appropriate taxes thereon. Depending on your entity type as detailed below you will have listed the appropriate responsibilities thereon.

S Corporations, Partnership Returns, LLC’s, and LLP’s

Tax law treats partnerships/LLC’s/LLP’s and partnerships as disregarded entities. In layman’s terms this means that the entities income flows down through the entities owners and each individual shareholder/partner is then responsible for the payment of respective taxes. Thus, it becomes imperative to not only consider the overall taxable income of the entity to which you belong but also the taxes which will be due on the tax items flowing down to the individual owners.

As each owner’s situation varies dramatically, great care should be afforded in closely held business to ensure that taxes have been appropriately considered for all. When there is more than one partner, it may be wise to consider assisting in making shareholder/member distributions at the highest partners marginal tax rate to ensure that everyone gets at least enough to cover their respective tax obligation. Each of these entities will issue a K-1 to each individual shareholder to reflect their corresponding share of entity profits.

Although S Corporations have to issue K-1′s and make distributions based upon stock ownership percentages, partnerships, LLC’s, and LLP’s are allowed by law to issue K-1′s and member distributions based on any method that all owners agree upon. This is a distinct advantage partnerships, LLC’s and LLP’s have as agreeing members have the ability to do what they will with the profits whereas S corporations are required to issue distributions and K-1′s based upon each shareholder’s ownership percentage.

Entity Forms Required and Dates

S corporations are required to file a Form 1120S by two and one half months after the close of a business tax year unless they have filed a timely extension. Single member LLC’s can file, as a part of their personal return, a Schedule C and attendant schedules for self-employment tax, depreciation, etc. Multiple member LLC’s, LLP’s, and Partnerships are required to file a Form 1065 to report the entity’s profits and is due by three and one half months after the close of their tax year, unless a timely extension has been filed.

Great care should be given in all of these cases to ensure that all of the attendant taxes due on a business’s earnings have already been paid in accordance with IRS and state guidelines as taxes, per IRS code, are almost all, if not all, due by the end of a tax year or evenly throughout the year. Working closely with your CPA on at least a quarterly basis is a critical component of ensuring that you pay your taxes as you go, thereby avoiding unnecessary headaches, penalties, and interest.

Shareholder/Member Distributions vs. a K-1

Shareholder and member distributions are one of the most frequently confusing issues facing business owners. All too often I have seen this pitfall result in a business owner failing to have paid enough in taxes for their year-end liability. A shareholder, partner, or member of all flow through entities described above are required to report, as part of their taxable income calculations, the respective K-1′s issued to them. Frequently however, owners inadvertently believe that they are to pay taxes solely on their distributions rather than their K-1. Many times owners have discovered much to their dismay that their corresponding tax obligation is much higher than anticipated. Working with close contact and collaboration with your CPA is one of the best ways to mitigate any undue surprises.

C Corporations

C corporations are required to file a Form 1120 which is due two and one half months after the end of a business’s tax year. C Corporations, unlike the flow through entities above, are required to make estimated tax payments. A C corporation is therefore subject to the “double taxation” referred to so often when one hears of a corporation first paying taxes at the entity level and then taxes are paid again at the personal level when salaries and dividends are paid/declared.

HIS CPA PC believes that the best defense is a good understanding of tax law and having a CPA who anticipates your needs and works for your best advantage. Let’s get started today on planning your wise entity choices.

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/ 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 Proudly Serving as a Gwinnett CPA for Decades

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, Back Taxes, Business Acquisitions/Sales, Forensic Accounting, Business Valuations and Bookkeeping.

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

Duluth/Gwinnett CPA: Personal Returns Are Due October 15th.

Be Sure You Do Them Right

Though Personal Returns Are Due October 15th; Be Sure You Do Them Right so you will avoid unnecessary IRS audits, liens, collections, amendments, penalties and interest. The below is a sample letter we might send to a taxpayer critiquing the data they originally forwarded to ensure that a proper return is filed reflecting only their lowest legal possible tax:

For your returns I need:

For Your Personal Income Tax Return

Your daughter’s birth-date

Any Interest Income, Dividends, Capital Gains/Stock/Investment Sales

Property or cash contributions to Charity

Mortgage Interest

Property Taxes on personal cars

For your Corporate Return

What/How much is medical insurance premiums.

Although You did forward the amortization schedules they are not posted current nor were all payments listed for the three notes in the auto expense categories. Please get to me confirmation from the bank what the debt the company owes at 12/31/09.

Find a CPA who is not transaction oriented. Anyone can do what you ask or perhaps even file your returns for a few years while striving to keep your tax bill as low as legally possible. You will want to find a CPA whose ambition matches that of your own including your zeal and temperament and one who is a forward thinker. His practice and focus should be forward thinking and insightful, while consistently giving advice focusing on the future of your business and not solely an interpreter of its past. No CPA can change what has already transpired but a wise and sage CPA can help you and your business avoid pitfalls which will befall you otherwise. A CPA can help strengthen your management team, if used wisely and often, and can help guide you through many of business most thought provoking issues while offering counsel to both maximize your time and efforts.

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/ 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, Back Taxes, Business Acquisitions/Sales, Forensic Accounting, Business Valuations and Bookkeeping.

Duluth/Gwinnett CPA: Personal Returns Are Due 10-15-13

Be Sure You Do Them Right

Though Personal Returns Are Due 10-15-13; Be Sure You Do Them Right so you will avoid unnecessary IRS audits, liens, collections, amendments, penalties and interest. The below is a sample letter we might send to a taxpayer to ensure that a proper return is filed reflecting only their lowest legal possible tax:

Before you mail the data please make the below changes to the spreadsheet you forwarded and then resend to me.

For the spreadsheet:

Please list your total revenue for your LLC on the Profit and Loss Statement.

Please set up a separate category for fixed assets and put all individual purchases of items over $1000 each (such as office chairs, computers etc.) in that category.

If the amount you list as a deposit has not yet been earned by the payee, please take it off your profit and loss schedule as it would still be an asset for your business and not deductible until/if the monies are earned by the payee.

Take prescriptions off the recap of your LLC data, as they are personal, but be sure to list the total in the items that you forward for your personal return.

Please separate out Meals & Entertainment and set up a separate account for them.

For your medical insurance please list the total paid for both you and your family out of your LLC.

Please forward me everyone in your families birth-date.

Please do not hesitate to call might you have any questions.

John Dillard, CPA of His CPA, PC (An Atlanta CPA firm) 1940 Woods River Lane, Duluth, GA 30097 Phone 770-814-9304 http://www.hiscpa.com/ 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

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, Back Taxes, Business Acquisitions/Sales, Forensic Accounting, Business Valuations and Bookkeeping.

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

Lawrenceville/Snellville/Norcross CPA on Keeping Your Tax Returns Simple

Pay Only Your Lowest Legal Possible Tax

The first page of Form 1040 is used to calculate the taxpayer’s adjusted gross income. While many people think of their income as what is reported on form W-2, there are some other additions (and possibly some deductions) that have to be made as well. Itemizing deductions on your personal return can result in paying a smaller tax. However the rules on what can be deducted and what can’t are fairly strict. Using a guide/CPA and a tax checklist are your first step to ensuring that an accurate fair and just return and to ensure that you pay only your lowest legal possible tax. Below is letter we might utilize to help a client ensure their returns are both complete and correct:

To complete your return I need for you to use the tax form I have on the contact page of my website to reflect your corporate data and make the below changes.

You did not show the $40K of Gross Wages on your recap that is on your personal W-2.

You did not show the beginning checkbook balance off of last year’s tax return of $7,000.

Please be sure to show your year-end checkbook balance while being sure that deposits plus beginning cash less expenditures equals the year end checkbook balance.

Please list the Tax you paid if payroll taxes as payroll taxes, otherwise please identify as to what it is.

Please put bank charges into office supplies. Keeping your chart of accounts current, up to date and usable are essential to good business & tax management.

There is no need to give me totals by individual month, just the totals for the year.

ASAP after I get the above I will complete the returns.

Please note I still need your husband’s W-2′s and copies of your cash contributions/tithing statements.

Personal Income Tax Returns 101: Understanding the Basics

Top Mistakes Taxpayers Make
Avoidance of these common mistakes will greatly assist you in the proper preparation of your tax return, will help you avoid unnecessary IRS tax penalties and interest, and help you keep your tax bill as low as legally possible. See http://www.hiscpa.com/tax-top-ten.html

Determining Filing Status and Dependents
The first step in filing your personal Federal tax return is to determine your correct filing status and the number of deductions you can claim. It sounds simple, but it can make a difference in the amount of tax you pay. Visit http://www.hiscpa.com/personal-returns.html

Determining Your Adjusted Gross Income (AGI)
The first page of Form 1040 is used to calculate the taxpayer’s adjusted gross income. While many people think of their income as what is reported on form W-2, there are some other additions (and possibly some deductions) that have to be made as well. See http://www.hiscpa.com/agi.html

Claiming Itemized Deductions on Your Tax Return
Itemizing deductions on your personal return can result in paying a smaller tax. However the rules on what can be deducted and what can’t are fairly strict. Use this guide to determine what’s deductible. See http://www.hiscpa.com/itemized-deductions.html

How Long Should I Save Tax Records?
Lift up the veil and discover how long and what types of records you should retain and for how long are often the point of consternation for many taxpayers. Learn what you need to keep so that you are never unduly surprised if ever asked to reproduce documents. Visit http://www.hiscpa.com/tax-records.html

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/ 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.

Duluth/Suwanee/Johns Creek/Lawrenceville CPA: Keeping a Copy of Your Prior Tax Return Can Save You Money

Be Quick but Don’t Be in a Hurry. Though the deadline for the timely filing of Personal Returns of rapidly approaching; Be Sure You Do Them Right so you will avoid unnecessary IRS audits, liens, collections, amendments, penalties and interest. The below is a sample letter we might send to a taxpayer to ensure that a proper return is filed reflecting only their lowest legal possible tax, when a taxpayer has indicated that a copy of the prior income tax return is not available:

Are there any roll-forward issues such as a Net Operating Loss, Capital Loss Deductions, State Refunds, State Monies paid with return are a few of the major roll-forward issues, but not all.

The only way to be certain is to have a copy of the prior return or we risk your current return being incorrect for any attendant issues. Please review/advise.

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, Back Taxes, Business Acquisitions/Sales, Forensic Accounting, Business Valuations and Bookkeeping.

Duluth/Suwanee/Johns Creek/Lawrenceville CPA: Income Tax Preparation

Duluth/Suwanee/Johns Creek/Lawrenceville CPA: Financial Statements & Bookkeeping

Duluth/Suwanee/Johns Creek/Lawrenceville CPA: IRS Representation, Back Taxes, Offer in Compromise

Duluth/Gwinnett CPA: Corporate and Personal Income Tax Preparation

At His CPA PC we work hard on your taxes so you can focus on your business. Frequently we are sought out and retained for our experience in helping clients file old back tax returns and for success in IRS Tax Representation. This is a sample letter we might send to a cline to help them get their past tax returns current and filed:

Just a thought…to help out

Our typical rates are exactly in line with what we have billed but I want do everything reasonable that I can to help you get your personal income taxes current.

I would like to propose that we the three back years personal income tax returns for a reduce rate. Please note this is well below our normal rates for three years and assumes the data is well organized and presented.

Please be reminded that you asked the IRS to make your LLC an S Corporation and that this request was mailed to the IRS on a timely basis. By now you should have received a S Corporation acceptance letter from the IRS. Please forward us a copy. As we have discussed to ensure that your return complies with tax law you will need to ensure that you have paid to yourself a reasonable salary given position and profit of the business. If you have not yet done this I suggest you will want to do ASAP for all tax years and to retain a payroll service for 2013. Under separate cover when you are ready let me know and I will send you a referral or two if you desire for a payroll service.

To help ensure your CPA fees are as low as possible I for these corporate payroll tax reports I suggest you show any payroll in the last month of the respective tax years and to use a bookkeeper to prepare these.

If you have not been transacting business in the name of your LLC let me know ASAP so we might advise accordingly to have you do so.

Have a great day and hope to hear from you soon.

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

Duluth/Gwinnett CPA Firm on Addressing Back Tax Issues for Atlanta Taxpayers for Decades

For those taxpayers who have not filed their tax returns for the past several years the filing of these old back returns is often the easiest and quickest way to assess the obligations and correct the records of IRS tax assessments/calculations. In the review of past taxes that were either filed or assessed by the IRS, a CPA can learn of missed deductions and to legally amend past filed tax returns. This is one of the first and most important steps in the tax review process to ensure that our tax obligations to the IRS include only monies that are legally owed and do not include any tax bill amounts that are not legally owed. Our tax system expects taxpayers to pay only what they owe and it is up to CPA’s and their clients to ensure that only their just tax amounts are listed as due and payable.

Installment agreements, though frequently encouraged by the IRS, are financially problematic as though collection efforts stop while an Installment Plan is in full force and effect, as a result of a written agreement with the IRS and timely payments by the taxpayer. However it is also during this time that payments are being made during the payment period that penalties and interest continue to be accrued. Accordingly there are frequently financial and strategic options. such as:

• Payment of the tax and interest in full. If you can do this and have valid reasons or explanations as to why the monies are in arrears, the IRS will abate assessed penalties. This frequently is not only the least expensive option but also much faster than the submission of an Offer in Compromise and the limitations of qualification thereof. To read more about this process and how we saved one client $120,000 visit http://www.hiscpa.com/blog/2009/06/27/atlanta-cpa-saves-metro-atlanta-client-120000-in-payroll-tax-penalties/
• Offer in Compromise.  If you qualify the IRS will reduce your tax bill to a combination of your net worth and your “excess cash flows” over the next five years. Though this is an arborous process, frequently tens of thousands of dollars of  taxes, penalties and interest are reduced to a settlement amount that is literally pennies on the dollar. To discover if you qualify visit http://www.hiscpa.com/offer-in-compromise.html
• A Review of Old Filed Tax Returns. Frequently I have worked with taxpayers to determine that original returns were either not filed, filed incorrectly or that valid deductions were originally left off the filed returns. This alone is perhaps the largest single determining factor in the errant calculation by a taxpayer of the true amounts owed.

Representing yourself before the IRS is a recipe for disaster and is analogous to the saying that “He who represents himself has a fool for a client. As Believers we are called to surround ourselves with wise counsel and failing to do so will add folly, toil, and additional financial drain, helping our “financial ship” sink faster still. Sitting down with a CPA who is well versed in tax representation issues is your best first step to getting back tax issues, payments and returns filed and paid. Finding the right solution to your tax problem helps resolve tax problems better and faster. Though an Installment Agreement is often the most convenient it often results in both prolonging the problem and the largest financial outlay.

To learn more about IRS/Tax Representation Issues and an Offer in Compromise visit http://www.hiscpa.com/irs-representation.html

Proverbs 3:5 Trust in the LORD with all your heart and lean not on your own understanding;

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

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

Duluth/Gwinnett CPA: Business and Personal Steps to Surviving in Any Economy

Unfortunately there is no magic pill for business owners as they struggle with the uncertainty of a down market that is affecting us all. For all owners who are at a crossroads I believe the absolute best thing business owners can do is to start to do a monthly/quarterly internal financial so that issues can be addressed as they develop. Financing, when times are tough, is by far one the most difficult issue a business owner will ever face as well as their attendant cash management issues.

A business owner who pays strong attention to details will be more poised to take advantage of opportunities, which may exist; This forms a consistent pattern of sound financial reporting and analysis that is the first defense to precluding/preventing undue surprises. Unfortunately in a down market most of the best planning and saving options are internal rather than external necessitating constantly discovering a new way of doing business, pricing, personnel, and making operational changes internally. A pattern and history of self-analysis is the acid test of true entrepreneurship to be able to consistently upgrade the economies of your operation whether in an up market or down. Stay tuned.

“As a Duluth CPA for decades we have watched Gwinnett and Metro Atlanta business owners unduly struggle with a down economy for failing to prepare is preparing to fail. Constantly thinking ahead allowing for extra cash needs, down turns in business and collections and having a line of credit are all essential components of sound cash management and overcoming any business economy.” —John Dillard CPA

Recession Proof Your Finances: Learn how you can begin today to take the necessary steps to plan for lean economic times. Careful study and review of your saving and spending habits and their re-direction will help survive recessions that will inevitably occur. To learn more http://www.hiscpa.com/recession-finances.html

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, Back Taxes, Business Acquisitions/Sales, Forensic Accounting, Business Valuations and Bookkeeping.

Duluth/Gwinnett CPA: Award Winning Atlanta CPA Serves as Virtual CFO to Gwinnett/Atlanta Business Owners

During these uncertain economic times you will be well-poised to watch every dollar you spend as well as a great time to consider the hiring of a part-time Gwinnett/Atlanta Chief Financial Officer or Controller for your business. By doing so you gain the advantage of not having a full-time CPA on your staff whose salary would be the equivalent of your Vice-Presidents while also allowing you to pay only for the time that you use. A seasoned and experienced CPA whose background includes financial experience in CPA firms as well as working in private industry sector will avail you to procure talent, which is most suited to your needs. As your business grows exponentially, you will want to bring in a consultant who can both serve with the financial and regulatory planning issues but also those involving management advisory services. A Gwinnett/Atlanta Virtual/CFO can help with:

-Development of Internal Control Procedures. Having appropriate checks and balances, segregation of assets, and asset protection is a critical component of a sound business model.

-Business Plan Development . Business Plans will help serve as a road map to take your business to the next level, while also serving as a guide to critical business, hiring, and operational decisions.

-Cash Flow Forecasting. Being prepared might be a good motto for a Boy Scout but it is also your best defense to ensure that one day you do not open the cash drawer to find out you are woefully short of operational needs

-Management Advisory. Negotiating a contract, buy-sell agreements, mergers & acquisitions, adding a partner, and shareholder agreements are all examples of critical agreements that will dramatically affect your business future viability and profitability.

-Tax Compliance and Reporting. Staying on the good side of the tax man is a critical path component to ensure your business is not unduly surprised by unexpected reporting and payment issues.

As your business continues to emerge and grow you will be best served by hiring a full-time Gwinnett/Atlanta Chief Financial Officer but a part-time Virtual consultant will serve well for those companies in the one to fifty million sales range seeking competent insightful advice.

“Generally speaking, the rules for deducting business expenses are rather simple. First and foremost, the expense must be directly related to the business. For whether you are purchasing office supplies or incurring expenditures for advertising, you should be able to show how a particular expense benefits the business. Secondly, whether you are traveling to see a client or looking to add rental space, you will want to be sure that a cash outlay furthers or promotes the business by enabling it to pursue its ultimate goal of serving its customers.” — Atlanta CPA, John Dillard CPA

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

Duluth/Gwinnett CPA: Finding the “Right” CPA for Your Atlanta Business

Finding an Atlanta CPA is not as difficult as some make it out to be nor is it as easy as some would like to think.  When looking for a good CPA for your business you will want to be sure of the below factors before making your decision. How well you select your CPA will impact the financial health of your business, your employees, and even your long term financial security of your retirement. By utilization of these criteria you will be best armed to look at finding a CPA who is best apt to help guide your business to the Promised Land of financial success.

Seek to find a CPA who is not transaction oriented. Anyone can do what you ask or perhaps even file your returns for a few years while striving to keep your tax bill as low as legally possible. You will want to find a CPA whose ambition matches that of your own including your zeal and temperament and one who is a forward thinker. His practice and focus should be foward thinking and insightful, while consistently giving advice focusing on the future of your business and not solely an interpreter of its past. No CPA can change what has already transpired but a wise and sage CPA can help you and your business avoid pitfalls which will befall you otherwise. A CPA can help strengthen your management team, if used wisely and often, and can help guide you through many of business most thought provoking issues while offering counsel to both maximize your time and efforts.

Retain a CPA who has consistently outperformed his peers. You can discover this by seeking to know what civic and business organizations they belong to and what positions they have held. Learn about their civic callings, their involvement in community issues, and what they have done to make the world a better place. Do they frequently volunteer their time in both missions and work related activities? Although being a member and team player are important aspects to all of our lives, seek out a CPA who constantly excels in all areas of their lives. Check their grades in college. Did they pass the CPA exam early? Did they graduate with honors? Did they earn awards while in college? These early indicators will be a prelude to what their business success will approximate.Review their web site to learn substantive content about their past achievements, current involvements, and content. Is their web site material insightful in nature? Does it provide subject matter which will enable you to manage your business and personal financial affairs better? Does it clearly list their achievements, goals, and aspirations for you and your business?

Check references and look into what a CPA’s present customers say. The reputations they have with the business and civic community alike are critical components of finding and retaining an adviser who is suitable to your business. Be sure to ask for references indicating their standards of performance and whether they consistently outperform client expectations in response and turnaround time as well as the processing and quality of their work. Inquire as to whether their CPA is readily available by Internet, phone, and for meeting face to face. This is perhaps the most widely voiced complaint about CPA’s and also one of the most critical. What good is the best CPA in the world if you can’t get find them to get your answers resolved.

Seeking out a good CPA will be one of the most important and critical decisions you will ever reach so be sure to find someone who is both technically competent, excels in their work, is accessible, and who’s style and character match that of your own. Check out our credentials at  http://www.hiscpa.com/testimonials.htm and find out what clients of John Dillard CPA have to say.

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