Accounting News and Notes

Want a Free Initial Consultation About Your IRS Tax Representation/Audit Issues? Looking to obtain penalty abatement from the IRS, set up a payment plan for file old back tax returns with the IRS? We work closely with you to help resolve:

• Tax Garnishment

• Trust Fund Penalties

• Offer in Compromise

• 100% Penalty

• Statute of Limitations

• IRS Tax Issues/Tax Problems

• IRS Tax Penalties

• IRS Tax Levies

• Tax Liens

Call us today for a free initial consultation…all you have to do is show up and the initial consult is free. Call us today to be sure that all of your rights are protected and that you pay only your lowest legal possible tax allowing us to help with:

• Collection Appeal

• IRS Installment Plans

• Delinquent Returns

• Late Payment/Filing of Payroll Tax Returns

• Wage Levies

•Tax Advocacy

• Back Taxes/Returns for Personal & Business Income Taxes

• IRS Representation

• IRS Appeals

To Read more about our IRS Tax Representation Services see http://www.hiscpa.com/irs-representation.html We Help You to Ensure that only your lowest legal possible tax is reflected by:

• Determination of Filing Status

• Review of Past Filed Returns

• Amending Tax Returns

• Filing of Past Returns

• Evaluating & Determining Tax Elections

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

Duluth, Norcross CPA: What Should a CPA firm Cost for my Business?

A typical small business is approximately $900 to $1400 annually to cover their:

Corporate Income Taxes

Personal Income Taxes

Tax Planning

Critiquing their financial statements at year end to get them ready to prepare taxes

Miscellaneous small questions (ten minutes).

This is typical for a one to five person business and assumes their financial data is well presented and organized, that they use a payroll service and prepare their own sales tax reports.

For a business with about ten times more employees it would be a prudent estimate to assume their fees will be closer to the $1500 to $2500 range based upon companyies we presently serve.

It would be prudent to spend time on the front end discussing their bookkeeping, chart of accounts, classifications etc. to ensure they are properly set up to record their data and to prepare their internal financial statements. It is on the front end that we can help them create efficiencies in their operations.

One of our 20 year clients has grown some 800% while their fees have remained approximately the same because of our focus on serving our clients’ needs efficiently and effectively.

AND our initial consult is free.

Duluth, Atlanta, Norcross CPA: Reduces IRS Tax Assessment to Atlanta Taxpayer Saving $19,000

At His CPA PC we work hard to make sure you pay only your lowest legal possible tax. The below is a sample letter we might send to a client confirming we just saved them $19,000 in previously assessed taxes. Give us a call & upgrade your business tax services today!

Congratulations if the mail has been kind to you….you have also received and IRS notice showing they reflected our amended return as filed for 2012 with your account now reflecting a credit (The IRS had previously assessed $19,000). Just following up as the same issue exists on your 2011 return as to whether you wanted to address the problem in advance or wait to see if you get a notice. stand ready to serve. If you know anyone else seeking a CPA who is attentive, responsive and performs…feel free to forward along my name.

John Dillard, CPA of His CPA, PC, 1940 Woods River Lane, Duluth, GA 30097 Phone 770-814-9304 www.HisCPA.com A Christian CPA Firm.

Christian CPA Challenges Atlanta Believers: Are You Letting People Know You Love Christ?

Are You Letting People Know You Love Christ? If not, why not? Certainly there are opportunities in some parts of your life where you can be ALL that God made you to be. Pray that you become a light unto a lost world and that you seek to tell ALL you meet the Good News of Jesus Christ. The below is a sample note we might receive off of our web site. See what you can do today to let others see God in You!

I am currently studying for my CPA exam, after receiving my MBA in Accounting a year ago.  The reason I am contacting you is because I too, am a born again Christian.  I admire your ability to show your faith through your work.  I would love to talk to you about that, and Accounting.  If you have a few moments, I’d love to meet with you at your office, or a phone call if you are too busy. Thank you for reading.

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

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 as an Award Winning CPA

Duluth, Norcross, Alpharetta CPA: Completing IRS Form W-4 and Worksheets & Georgia Form W-4

Determining Your Federal & State Withholding

Marital Status

People who qualify under the claim of married generally have a lower withholding rate. If you are not married then you must take your withholding at the increased single rate, head of household or the highest tax bracket, married filing jointly.

You should mark single in the box if any of the following apply to you:

• If you are single, divorced, or separated from your partner by order of court and law

• If you are married but your spouse is not an American citizen

You should mark married in the W-4 if any of the following apply to you:

• If you and your spouse are both legal U.S. Citizens. If your spouse dies during the current tax year you are still considered married for that tax year.

• Either you or your spouse is considered a resident alien. You can find the details on resident aliens on IRS Publication 519.

If you are married but still withholding at a single rate. If you and your spouse, both working, cannot meet the requirements of a married withholding tax then you can file a “married, but withhold at a single rate” to fulfill the necessary payments for married withholding.

Determining Withholding Allowances

Allowances run in relation to your amount withholding. The more allowances you claim the less income tax you have to withhold, or your employer has to withhold. Your allowances depend on these following things:

• How many exemptions you can take on your tax return

• Whether you have income from more than one job

• What deductions, adjustments to income, and credits you have exacted for the year

• Whether you will file as head of the household

Great care should be taken that you do not under withhold as both the IRS and Georgia will add penalties and interest for any late payment of taxes when you settle up and actually file your IRS Form 1040/personal income tax return.

If you are married, it depends on whether your spouse is going to work or claim allowances on their own Form W-4 to the IRS and the G-4 to the State of Georgia. As a Duluth CPA I have learned over the years that understanding your filing status is confusing, as is tax law, for many taxpayers, to read more on this visit http://www.hiscpa.com/personal-returns.html

Gwinnett/Duluth/Norcross/Lawrenceville/Snellville CPA…Are You a Christian Parent Trying to Bring Your Family Closer to God?

Are You a Christian Parent Trying to Bring Your Family Closet to God? In a world that gives us too many choices to even count to entertain our families, there is still the small voice of Jesus Christ calling us to a deeper level of understanding in Him.

Some six years ago our faith walk as a family exploded when we went on our first mission trip. Now as a family we have been on over twenty and serve at our church in ways we never below imagined. So…

What Would Jesus Do…if He was here this Thanksgiving. I believe he would join us in offering a free meal to those who need it the most.

Looking for a Place in Duluth/Gwinnett to Spend Thanksgiving for a Free Meal & Fellowship

Jesus was seen by many as a warrior. He was. I want that for myself, my life and my family. For it is by our serving that we are most like Him. Jesus went out into the world to serve but not as a king, but as a servant, willing to meet everyone just as they are, regardless of where or who they are.

Over the last several years I have heard God calling me deeper. Much deeper. I do not yet know where that will lead, but I know one thing for certain. I am going to follow. This Thanksgiving we will be doing something different. We will be putting aside the big family Thanksgiving meal and seek to answer the question.

What would Jesus do if he lived here now? Right now. I think Jesus would serve others, just as He did when He walked among us, listening and being attentive to the needs of others.

Join us this Thanksgiving as we serve our community to a free meal, love and grace of Jesus.

Whether you are old or young, we can all do great things for God.

This year I seek to be a warrior. A warrior for Him. Join us as we serve our great God. You can get involved by……

Join us this Thanksgiving, November 24, 2011, for a Free Meal from 11:30 a.m. to 4 p.m. at Sugarloaf United Methodist Church at 1795 Old Peachtree Road, Duluth GA 30097

Dinner is free and open to anyone.

Our Grow Group is hosting a Thanksgiving Day feast for anyone who is in need of a place to go for Thanksgiving. We are in need of many things to make this happen…most important—volunteers. If you, your family, your grow group, your Sunday school class, etc., would be interested in volunteering, please contact one of the names below.

Contacts: Mary Heatherly – 678-313-1419
Connie Jackson – 770-236-3053

Volunteers are needed for:
Transportation (vans and drivers needed).
Childcare
Prayer
Visitor/Visiting
Food

Join us in Taking Christianity Into the World

Alpharetta/Lawrenceville/Norcross CPA. . . This Week at His CPA We. . .

Helped a taxpayer file their IRS Form 1120S for their S Corporation Return, File IRS Form 1065 for their Partnership Return and IRS Form 1040 for their Personal Income Tax Return while being sure to:
-Record the ownership of their new partnership correctly.
-Advise and direct on tax law surrounding the deductibility for charitable contributions, being sure to list the values at flea market prices for household items and clothing given to charitable organizations.
-Advised on the tax advantages of converting their LLC, which is presently filed as part of their personal income tax return over to an S Corporation for tax purposes.
-Reduced my tax preparation fee on a client substantially to help them survive the continuing downturn in the economy.

Provided free tax advice to a taxpayer over the phone who is addressing back taxes and needs the advice of a CPA/IRS Representation while discussing options including an Installment Plan, Offer in Compromise or paying in full the taxes and interest to the IRS, while seeking abatement for penalties.

Continued in encouraging a client company’s president encouraging them set up a baseline minimum of internal controls/segregation of duties to protect business assets/cash balances.

Assisted a major bank and client to move dollars inadvertently made in the corporate name to one made in the shareholder’s name, thereby legally protecting a taxpayer’s assets from corporate liability.
Filed tax return for Limited Liability Companies that had converted to an S Corporation for tax purposes, while noting that an LLC will remain an LLC for all other legal liabilities.

Helped a new client determine which entity choice is the best selection for the new business.
Advised a taxpayer to file for their entity as an S Corporation by the filing of IRS Form 2553: Election by a Small Business Corporation being sure to follow the IRS Revenue procedures when the original deadline of March 15th is not met.

Worked with taxpayers to remind them that the final due date for the filing of personal income tax returns is October 15, 2011 and that there are no extensions beyond this date, while reminding them that an extension to file is not an extension to pay.

Discussed Penalty Abatement Issues with a Taxpayer facing a tax lien and IRS tax problems.
Advised a taxpayer that a rule of IRS Installment Agreements is that the taxpayer has to remain current in filing and payment on all future tax fillings or the Installment Agreement is voided.

Meeting with a business banker to network.
Worked with our Bible Study Group to set up serving the Lost, the Last and the Least in our community on Thanksgiving Day.
Met with a new client to help them with their personal tax return.

Wrote articles for the Christian Post, an on-line Christian web site.

Continued to work with a client needing to file several years of old back taxes for both their corporation and their personal income tax returns, reminding them of the need to file old back tax returns ASAP, hopefully before IRS collection efforts could cause great financial harm and difficulty.

Finished all tax returns where complete data was present within 24 hours, some even faster.
Assisted a taxpayer with issues for past amended returns.

Took time to talk to someone struggling to make major life choices. Stopped whatever I was doing in the middle of tax season to give a word of encouragement, while addressing management issues. Counseled my daughter on life/college choices. At His CPA, we believe your soul, heart and life are more important than work issues.

Followed up with present and new clients alike to ensure that their tax returns are correct, their questions are answered and that all tax returns were prepared ensuring that only their lowest legal possible tax was paid. Worked with the IRS to set up for Electronic Filing of Income Tax Returns.

Consulted with prospective clients for free to evaluate their tax return preparation and the tax effects of entity selection when incorporating their new business.
Consulted with prospective client to encourage them not to use a CPA for bookkeeping as a bookkeeper will be able to address routine issues at a reduced rate, leaving the CPA to handle more important strategic issues and corporate and personal income tax issues.
Updated our web-site at www.HisCPA.com with nuances on our tax preparation issues and placed articles on our blog. Posted several articles on www.LinkedIn.comAt His CPA we believe God made us all to be much more than just someone with a job, someone going to school or a pew sitter.
God made you in His image and is looking each and every day for you to be His very hands and feet.  Seek to know what God wants you to do today for His Glory, Seeking His Will for you and your life while all the time, being Bold in Your Faith.  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.

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

Johns Creek/Duluth CPA….Johns Creek Chamber After Hours

Looking for a networking opportunity in the Norcross/Johns Creek area. Then come on down on Thursday, November 3 for the Johns Creek Chamber Business After Hours & Holiday Fashion Show from 5:30 pm – 7:30 pm at the Belk at the Forum, 5165 Peachtree Parkway, Norcross, GA 30092.

To learn more about how you can get involved and to join the Johns Creek Chamber you can visit their web site at http://www.johnscreekchamber.com/

www.HisCPA.com

A Christian CPA Firm in Duluth GA Proudly Serving Alpharetta/Suwanee/Lawrenceville/Norcross/Atlanta/Gwinnettt/North Fulton/Johns Creek/Roswell/Forsyth/Flowery Branch/Buford as an Award Winning CPA

Roswell/Forsyth/Lawrenceville CPA…”Do others know you are a disciple of Christ by the way you love?”

“Do others know that I am a disciple of Christ by the way I love?” Jesus has given us a “Love your brother policy”. This doesn’t just apply to that one hour you are in church on Sundays either! Does love penetrate out from you or would people describe you as easily agitated and annoyed? 1 Corinthians 13:4-8 teaches us what love is: Love is patient. Love is kind. It does not envy. It does not boast. It is not proud. It is not self-seeking. It is not rude. It is not easily angered and keeps no record of wrongs. It does not delight in evil but rejoices in the truth. It always protects, always trusts, always hopes, and always perseveres. Love never fails. Can you take out the word love in that entire passage and put your name there? Is Seven patient always? Does Seven keep record of wrongs? Etc. Be challenged this week in the way you love. God is love and His love is perfect. May people know you are a disciple of Christ by the way you love others this week!

News at the Garden…Serving the Homeless of Atlanta

We had a blessed week last week and even had a group from Liberty University join us for a short Fall break mission trip. We cleaned out our dining hall into the new storage container and started putting in a new serving line with cabinets. Many moved on from the ministry but again, we are already full by now. Continue to pray for us as the need is so great, especially with the cold months coming.

Saturday, October 15th, we are having a Blessed to Be a Blessing concert at 7pm here at the Garden. Come join us for a great night of worship and fellowship and if possible, bring some items like hats, gloves, socks, etc. for our brothers and sisters out on the streets! We look forward to worshiping with you!

October 30, we will be hosting our second annual Trunk-or-Treat at the Garden at 7pm. Come back your car in and pass out candy to our little ones(and probably some of the big ones too!) Hope to see you there!

Lord willing, we will have another update next week! Until then, continue to LOVE!!!!!

“By this all will know that you are My disciples, if you have love for one another.” ~John 13:35

GO JESUS GO JESUS GO! LOVE, 7

Is it Time to Upgrade Your CPA/Tax Services Today

www.HisCPA.com A Christian CPA Firm in Duluth GA Proudly Serving Alpharetta/Suwanee/Lawrenceville/Norcross/Atlanta/Gwinnettt/North Fulton/Johns Creek/Roswell/Forsyth/Flowery Branch/Buford as an Award Winning CPA

Alpharetta/Johns Creek/Duluth CPA…Are You Living in Faith?

You know the more I study Elijah the more envious I become of his faith. There are four obvious qualities he had that we all should try to develop in order to reach the level of faith that we desire. They are WITHOUT QUESTION, NO HESITATION, RECOGNIZING OPPORTUNITY, AND BOLDNESS.

I have a problem in knowing when God is speaking to me or if it just my wishful thinking. Elijah never seemed to have that problem. He knew when god was speaking to him. Whether it was prophesying or ministering, he never questioned God’s motives. His faith was so great that he knew if God was telling him to do something it was best for the greater cause and far beyond his ability to fathom God’s plans.

Elijah also acted on God’s commands with any hesitation. Regardless what the ramifications of his actions or circumstances God was putting him in, his faith that God was using him for the greater purpose was more important and he knew by his faith the Lord would be with him at all times. I can only pray for such faith.

You know the opportunity to minister to other is often right in front of us and we do not recognize it or if we do the opportunity has passed. Elijah always recognized his opportunities moved immediately to instill the Word of God in those who had never been exposed to the Lord or to bolster the faith in those who may need their faith revitalized. God presents us with these opportunities all the time but many times we either fail to recognize them or are not willing to take the time to do God’s work at the time. We should never pass on those opportunities and ask God for the strength, courage, and the right words to say when the opportunity arises. Finally, Elijah always moved on God’s direction with boldness. Whether marching into a kings throne room and warning them of their evil doings and the ramifications thereof or challenging those who threaten to take his life and the hundreds of worshipers of false gods. He knew by his faith that he had already won the challenge even before it started.

When you have true faith you cannot be a person sitting on the fence. You have to make a decision. Do you choose to be a slave of the worldly gods of materialism, power, position and so on, or do you choose to follow the Lord and build your Heavenly Treasures. As the Bible says, you cannot serve two masters. You either choose the worldly desires which lead to evil therefore permanent residence in Hell or choose the Lord’s path and receive your just rewards in His Kingdom. Sitting on the fence may seem to be safe but by doing so you are denying God. Have the faith of Elijah and move without question, hesitation, recognize the opportunities to serve and be bold in your actions. Praise the Lord!

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/Johns Creek as an Award Winning CPA