Duluth/Suwanee/Lawrenceville CPA: IRS Just Announced the 2013 Mileage Rate
The IRS Just Announced the 2013 Mileage Rate as 56.5 cents per mile. This is up from the prior year mileage rate of 55.5 cents per mile. Please keep in mind that tax law requires all taxpayers who use an auto for business use to keep a by day mileage log to support all business miles.
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 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
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, Sandy Springs & Tucker as a Faith Based CPA
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
Roswell, Dunwoody, Johns Creek CPA Asks…Are You Put Out With God Today?
Has Life Dealt You a Tough Hand Lately?
If so read on….If not you might be in heaven already…
Each and every one of you are dearly loved and I never want you to feel like you are in your pain alone. We are all here with you and are trying to understand as much as we can in this life not having gone through this exact experience before. Often we need to seek out counseling just to have someone to talk too that can listen like you need them to and none of us can provide just the right words or comfort that it’s going to take to see you through this. In life – you are going to have to pray your way through this (through everything). God is the only thing that will give you the strength to get through each day and make the healing process easier.
Though there may not seem like it there is a light at the end of every tunnel and you have to keep looking for that light. Only God can give you that. We will never understand the reason God does things, but as long as we question and know that God has it in HIS control, we have to find some comfort in that. My prayer for you is that you will find comfort in HIM, you will crawl in HIS lap when the pain becomes overbearing and you don’t feel like you can go on and no one understands.
I will continue to pray that you talk to HIM constantly – not just now but forever – and that you go to HIM in your pain, in your joy, in everything. I always hate that phrase that God will never give you more than you can handle, I know it’s true but I hate it. I know that regardless of what HE gives us to deal with, HE will walk beside us and lift us up and carry us and cradle us until we get through it.
We are all here for you and while it may seem like we “have it altogether”, I can assure you that we don’t – we fall apart, we cry, we question, we hurt – but the main thing is – we want you to get better, we want you to get strong and we want you to take it one day at a time.
We want everything in the world for you…happiness, love, work success, life success, family, peace, faith and at the core of it all – a life based on God…and part of all that we say and do is to try and help you get to that point. We screw up! We are far from perfect! Sometimes we simply not good at it! But I can assure you that in every step of it – we are doing it out of love, concern, caring, compassion and quite honestly, we are living the best way we know how. And while that may not always be good enough – know that we strive everyday to be what God made us to be and that we let you both know that regardless of what is said, done, expressed…at the end of the day – we love you more than life itself, we love you unconditionally, everything we do is done with the best intentions, we love you with all our hearts and all our souls, we thank God for you and we will ALWAYS, ALWAYS, ALWAYS be here for you and you will always have a soft, safe place to fall.
As brothers and sisters in Christ we are kindred hearts in God so that you and I could find each other and share our life experiences and guide each other through this weird , crazy, sometimes painful, sometimes joyful, thing called life. God is there right now, waiting for you to lean on Him each and every second of the day. Call on Him. He is patiently waiting.
I believe Dr. King would continue in his efforts to encourage all in their faith of Christ and for all peoples of the world to see the world as God would.
In the Matchless Name of Jesus Christ,
www.HisCPA.com A Faith Based CPA Firm Serving Roswell, Dunwoody, Johns Creek, Alpharetta as an Award Winning CPA
Snellville/Roswell/Alpharetta CPA… Be Sure Your Tax Returns are Right Before They are Filed
Be Sure Your Tax Return are Right Before They are Filed. At His CPA We Work Hard to Be Sure your tax return is correct so that you don’t have to. The below is a sample letter we might send to a client after the initial data has been critiqued getting it ready to file your return. Is it time to upgrade your CPA firms tax services today?
Open Items Your Corporate Data Ready to Income Tax Returns/IRS Form 1120S
As there was no salary paid for the owners please move the Medical Insurance Premiums for active employee owners to Due From Shareholders on the Balance Sheet.
Please let me know what the face value of the Life Insurance is for the policy as listed on the P/L as tax law only allows us to deduct the value/premiums up to a $50K value policy.
Regarding your question about the loans. Loans are not taxable when you get/receive them nor deductible when pay them back. The amount as listed on the Balance Sheet would be the open amount due and payable. This would be true regardless of who the lender is (bank, credit cards, etc.).
To make sure to the extent that you can, when you need to borrow items that you borrow them in your own name and then personally loan the monies to the business. In this way you create tax basis which will allow you to deduct business losses of your S Corporation to the extent you have personally loaned monies to the business up to this amount.
I sent the below several times and have not yet heard back from you. Please review/advise:
-If you business has an average salary of less than $50,000 (not counting owners, their family members and those not on your medical insurance plan), have less than 25 Full Time Equivalents (FTE’s) and provide over 50% of the insurance for all employees you may qualify for the Small Business Health Care Tax Credit. If you think you might qualify please forward the amount of net medical insurance premiums paid by employee (after deducting the amounts an employee paid) along with whether their medical coverage is Single or Family. To read more about the credit visit http://www.hiscpa.com/blog/2011/08/23/atlanta-cpa-does-your-business-qualify-for-the-health-care-credit/ It would be advantageous to record the medical insurance premiums for employees versus owners in a separate P/L account. Please let me know.
-Please review the detail in the Payroll Taxes account as they represent 31% of Gross Wages and they should only be approximately 8%. Please review/advise as at present these are approximately $20,000 higher than they should be. You had mentioned that you are behind on your taxes. Please review to see if the amounts listed here are correct and to be sure that any Late Payment Penalties are segregated out into a separate Profit and Loss Account.
-After you have made these changes please resend the Balance Sheet and Profit and Loss.
www.HisCPA.com A Faith Based 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
Tax Representation is not for the meek of heart or someone who is not a CPA or is very well versed in IRS Representation issues. At His CPA PC we work hard to be sure that you pay only your lowest legal possible tax. The below is a sample letter we might send to a client to give them an overview of the issues being addressed and to strategize accordingly. Is it time you upgraded your CPA firms tax services today?
Just got 5 IRS notices regarding your open taxes and I anticipate that to double based upon the open and due returns that you have. I have enclosed the attached IRS letter that is regarding your open and due monies owed by your S Corporation that I will send today.
Though the IRS letter To Seize Your Property or Rights to Property is for your S Corporation, you should expect one for your personal assets as well very soon. It appears on one of the notices that you might have requested an Installment Agreement. This is not the best option to address your taxes as both penalties and interest will continue to accrue.
I suggest you pay all of the taxes and interest in full along with estimated interest while asking that the IRS abate the penalties. To pursue this option, I need from you ASAP a detailed affidavit detailing the reasons for the late filing and payment. Please call me so that we can discuss.
If you decide to do an Installment Agreement I will need for you to complete ASAP IRS Form 433-D & 433-F for both you personally and your S Corporation. I have updated your open and due taxes for both you personally and your S Corporation.
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
Snellville/Roswell/Alpharetta CPA…Amending Personal Income Tax Returns
Amending Personal Income Tax Returns is most something that we have to do after an individual taxpayer does their own personal income tax return. Though tax software has made the actual preparation of tax returns easier, it does not make their user a CPA. Just as giving a surgeons tools will not enable me to be well prepared to do surgery. The below is a sample letter that we might send to the IRS explaining the changes that are required to correct an original return prepared by a taxpayer rather than a CPA. Is it time to upgrade your CPA firms tax services today?
Internal Revenue Service
Atlanta, GA
Dear Sir or Madam,
I am writing you in a good faith attempt to come to terms over the above taxpayers’ present predicament with the IRS, get their returns filed, and to address their tax issues.
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 note I have enclosed a copy of the taxpayers 2011 amended return/IRS Form 1040X. Please accept it as filed. Please note the changes include:
-Adjusting property taxes on their vehicles and charitable contributions that were inadvertently not listed on the original return.
-Income from a K-1 that was recently received.
-Reflecting the capital gains/losses inadvertently not listed on the original return.
Enclosed please find a $1000 check to pay the taxes in full of $900 and estimated interest of $100. I appreciate your attention to this matter and look forward to working with you to close their file.
Sincerely, John C. Dillard, CPA, PC, Partner in Charge
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/Sandy Springs CPA…Offers Free Initial CPA Consults on Mondays to those with IRS Back Tax Issues and for business owners. Contact John Dillard CPA today at 770 814 9304.
Atlanta CPA: Preparing Corporate Income Taxes for Decades
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
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.
Roswell/Sandy Springs/Alpharetta CPA…Have an S Corporation and Don’t Know What Your Tax Bill Will Be?
Have an S Corporation and Don’t Know What Your Tax Bill Will Be? At His CPA, we work hard helping our clients understanding their tax obligations before they become a problem. Work with a CPA who consistently works hard to keep you informed on all of your tax burdens and responsibilities. The below is a sample letter we might send to a client to help them with their 2011 tax planning:
Tax law says we need to pay a fair and reasonable given position and profit (sales minus business expenses but before salaries and shareholder distributions).
Please get to me a copy of your year to date check stub from your prior employer and the amount in thousands for the above.
Then I can do the tax planning and determine the number you can tell the payroll service to withhold.
Please keep in mind that all S Corporation owners are required to pay a fair and reasonable salary given position and profit.
If still questions please give me a call so we can go over in detail.
His CPA offers a wide range of tax, financial and consulting services especially tailored towards helping you achieve your goals and an ultimate level of success. Have you ever wanted to work with someone whom you felt really cared about you, your business, your retirement, and planning for your family? I have a heartfelt conviction that I really want to “serve” my fellow Business Owners and to give advice that hopefully you will feel are beyond the scope of CPA services you ever experienced. To learn more visit http://www.hiscpa.com/tax-services.html
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/Lilburn as an Award Winning CPA
Even though the final due date for the filing of your personal returns has lapsed, do not delay and be sure to file ASAP to avoid unnecessary fines and penalties from being assessed. The below is a sample letter we might use to send to the IRS to ensure that we have ample time to get all of their tax returns and filings current to ensure that a taxpayer pays only their lowest legal possible tax. Please keep in mind that at His CPA PC, your initial CPA consultation is free:
Internal Revenue Service Center, Atlanta GA, 39901
Enclosures: Power of Attorney and IRS Notices
Dear Sir/Madam,
I am writing you in a good faith attempt to come to terms over the above taxpayers’ present predicament and to address all the monies they presently have open with the IRS, for their income taxes. I am willing/eager to supply you with any information that you might need in order to process their case and to pay any and all outstanding monies.
I am working with the taxpayers as their financial and they have retained me to assist them in this endeavor. I am working heavily with the clients to get all of the returns filed and to address any open tax issues.
Accordingly please cease all collection and levying efforts for thirty days while I work with the client to address the open returns and open monies.
At your earliest opportunity please call and confirm that the collection efforts have been stopped.
I look forward to working with you to address these tax issues and to get the taxpayer back into compliance.
Sincerely, John C. Dillard, CPA, PC, Partner in Charge
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.
For those seeking advice on:
IRS representation
IRS Offer in Compromise
Tax Problems
Back Taxes
Tax Lien
Tax Levy
Georgia Offer in Compromise
Wage Garnishment
IRS Form 656, IRS Form 433A & IRS Form 433B
Power of Attorney
Be sure you work with a CPA who offers Free Initial Consultations/Interviews
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
Roswell/Forsyth/Lilburn CPA Advises America’s Taxpayers… Financial Tips to Staying Out of Debt
Tips To Survive in Any Business Economy…Avoiding the Financial Pitfalls of Debt
Having been a CPA for some 30 plus years, we have learned over the years what works and what doesn’t. While serving as a Virtual CFO/CPA for many clients throughout Atlanta and in Alpharetta Roswell we have learned the prudence of conservative financial management. At present we have clients we have long been involved in the contracting/construction industry and the tried and tested methods that worked before still work today with among those the most important being:
Avoiding the Financial Pitfalls of Debt
Debt Adverse. Though many times you will be offered financial options that are presented as the deal of a lifetime, they are often the worst deal you can select for you and your business long term. We help you determine which plan is best for you and carefully assist and guide in ensuring that you are not biting off more than you can chew. For one thing is certain and that is “as long as you live, there will be financial ups and downs.” Avoiding debt in the first place is one of your best insurances in surviving economic downturns. See http://www.hiscpa.com/mortgages.html
If you are looking to market your business in the Roswell/Alpharetta area you might want to look at joining:
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/Lilburn as an Award Winning CPA
HIS CPA is headed by a Certified Public Accountant with more than 30 years experience providing business accounting, tax and financial advice to small and medium size businesses.
John Dillard
HIS CPA, PC
1940 Woods River Lane
Duluth, Georgia 30097
(770) 814-9304 Contact Us
