Accounting News and Notes

Atlanta Virtual CFO… Staying the Course in a Down Market

Business & Financial Planning

There are a few issues which always need to be in the forefront of every business owners mind as they think about and plan for the future. Planning is hard enough as it is without being sensitive to variables which are prone to have a profound impact on your business. Keeping these items in your mind and viewfinder will help you constantly stay update on your whereabouts and how to get back on track to achieve your goals. That is where a Virtual CFO comes in being able to both help you articulate and document your goals as well as their implementation and your accountability. These steps will do much to help you achieve your business goals.

4 Requirements to  Business Success

-Document your goals in writing. You are most apt to achieve your goals if they are clearly delineated and detailed. Absent a firm goal you constantly refocus on you are most apt to miss the mark of what you were shooting to obtain in the first place. Always remember “if you shoot at nothing, you are going to hit it every time”.

-Expect the unexpected as “life is what happens while you are busy making plans”.  Your plans should allow for inflation, anticipate variances, and other unknowns which are bound to impact your decisions and daily operations. For example, it is prudent to always live below your means as life and business issues will frequently void the best laid plans.

-Always keep in mind a reasonable rate of return not expecting great rates of returns on your investments to always be consistent. Maintain an healthy degree of risk while not being too aggressive or passive in your investment style and decisions. Don’t make speculative investments trying to “hit the home run” as it is often the turtle and not the rabbit which wins the race. Maintain a consistent strategy of investing whether it be an up or down market. Be realistic with your investment goals whether they be dollars invested, rates of return, or anticipated age of retirement while always allowing for a bit of wiggle room for those unexpected expenditures.

-Stay current with your financial adviser, CPA, attorney, and banker being sure to know when to have meetings with each to ensure you are on the right track to take advantage of law changes, trends in the marketplace, and may of the other general tools available to an adviser to help manage you and your financial affairs throughout the years. As a general rule, I would suggest meeting with each of these professionals at least once annually and more often if the environment/situations change dramatically.

These tidbits will greatly assist you in staying on your toes as you plan the future success of your business and for your retirement.

JOHN WOODEN:
“FAILURE TO PREPARE IS PREPARING TO FAIL. BE QUICK, BUT DON’T BE IN A HURRY. DON’T MISTAKE ACTIVITY FOR ACHIEVEMENT. THE PURPOSE OF DISCIPLINE ISN’T TO PUNISH BUT TO CORRECT. THINGS TURN OUT BEST FOR THOSE WHO MADE THE BEST OF THE WAY THINGS TURN OUT.”

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, Sandy Springs & Tucker as an Award Winning CPA

His CPA PC…A Virtual CFO and CPA for Your Gwinnett Business. John Dillard CPA, the company’s founder works hard focusing on strategic issues affecting your Gwinnett business so that you can work full time on the issue of running your business.

With 30 plus years as a Metro Atlanta CPA we can help Gwinnett business owners with corporate and personal income tax preparation, assistance with financial statements, QuickBooks guidance, IRS representation, guidance/business planning for your new business, help with shareholder agreements, adding a partner, buying or selling you business and much more.

John Dillard CPA has long held to the tenant of offering a free initial consultation. All you have to do is to show up and it’s free.

At His CPA PC, though we aggressively work to keep your tax bill as low as legally possible our ability to see the forest and the trees concurrently will do much to make the complex simple so that you might make the best decision for you and your business.

So whether you need to get a bank loan, find a good Gwinnett business attorney, help with a shareholder agreement, designing a compensation plan, understanding how LLC’s and S Corporations are taxes, Installment Agreements, Offers in Compromise, Penalty Abatement or IRS Audit, give us a call.

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, Hamilton Mill, Cheatu Elan, Winder, Gainesville, Hart County, Dunwoody, Grayson, Alpharetta, Roswell, Dunwoody, Sandy Springs & Tucker as an Award Winning CPA

Quotes from Atlanta Virtual CFO John Dillard CPA

“We work hard as a CPA for Gwinnett and Atlanta Business Owners on your tax and administrative issues offering solutions so that you are able to focus on the running and profitability of your business.” — John Dillard CPA, President of His CPA PC

“Running a business is tough enough without deadly miscues. As a Duluth CPA for decades this is perhaps one of the biggest “deal killers”  a business can try to struggle through. Giving power, control and influence to those who are not ready and not well suited to be your partner is akin to playing with a loaded weapon. Get to know potential partners for at least a year using an aggressive well-documented and considered agreement with key personnel they have to achieve before any consideration of ownership is granted. It is far easier to give away ownership than it will ever by to take it back.” — John Dillard CPA

“Left alone, all of us, only know what we know and in this world that is not enough. Going it alone is a fast recipe for disaster. As a Faith Based CPA serving Duluth, Gwinnett, Atlanta and beyond we work hard to offer business solutions from administrative and tax issues to short and long term issues while serving as a Virtual CFO.” — John Dillard CPA

“As a Duluth CPA firm serving Gwinnett , Metro Atlanta & beyond we have know “when to say when.” As your business grows and new employees are hired to help you run and staff the positions in your business, the need to delegate accounting tasks will correspondingly increase the need to strong internal controls.  Evaluating your business internal controls at least annually is essential to protecting the assets of your business.” — John Dillard CPA, President of His CPA PC

“With over three decades of experience as an award winning CPA firm, we work hard to “think outside the box” focusing on strategic as well as short term issues concurrently. As a Gwinnett CPA firm located conveniently in Duluth we take time energy and effort to make sure we offer financial insight and wisdom on business and tax issues you did not know even existed. Our keep it simple style will help you understand complex business and tax issues so that you are most able to make wise and informed business decisions.” –John Dillard CPA, President

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

His CPA PC: Bookkeeping, Financial Statements, IRS Representation & Tax Preparation

His CPA PC is a full service CPA firm offering Bookkeeping, Financial Statements, IRS Representation & Tax Preparation for Gwinnett Business Owners. John Dillard CPA has been in Gwinnett since 1984 and still going strong doing CPA work while looking “beyond the numbers” while also serving as a Virtual CFO.

At His CPA PC we:

-Help Gwinnett Business Owners Buy their own building while being sure to set it up as a separate LLC (Limited Liability Company) for legal protection for both the business and the rental property. This also gives the business owner better long term flexibility in addressing business issues/sale of either of the assets independent of the other.

-Prepare Tax Returns for a physician, dentist, chiropractor, lawyers and scores of other business professionals.

-John Dillard CPA has served as a Virtual CFO for Gwinnett business owners including an attorney, recruiting agency, recruiting firm and home health care professionals.

-Assisted Gwinnett business owners with tax planning, bookkeeping guidance, financial statements and professional business consulting.

Upgrade your CPA firm tax services today.

Serving Duluth, Atlanta, Suwanee, Lawrenceville, Snellville, Johns Creek, Buford, Snellville, Grayson, Lilburn, Tucker, Norcross, Alpharetta & Beyond as a Faith Based CPA Firm

Duluth GA CPA Offers Free Initial Consult to Gwinnett Business Owners, Taxpayers and Those Needing IRS Representation

If you are a Gwinnett/Metro Atlanta  Business Owner and Need Help with:

-Corporate and Personal  Income Taxes

-IRS Representation

-Bookkeeping and Financial Statements

-Virtual CFO

We offer a free initial consultation. All you have to do is show up!!!

With this free offer there is but one restriction, you have to show up.

John Dillard CPA of His CPA PC offers free initial consults because he believes there should be very few strings attached when meeting with a CPA for the first time.  As with all firms we offer this because we care about our clients seeking to make you a friend for life. However, if  you do not show up and fail to notify us in advance so that we might reschedule our time accordingly, there is a no-show fee. At His CPA we work hard to keep your tax bills as low as legally possible.

It is time to upgrade your CPA firms tax services today?  John Dillard CPA…An Award Winning CPA. To read more about our qualifications, experience and talents see http://www.hiscpa.com/about_us.htm     www.HisCPA.com A Christian CPA Firm in Duluth GA Proudly Serving Alpharetta, Suwanee, Lawrenceville, Norcross, Atlanta, Gwinnett, Johns Creek, Roswell, Forsyth, Flowery Branch, Buford, Dunwoody, Snellville, Lilburn & Grayson as an Award Winning CPA

Duluth/Gwinnett CPA: Taxes Done. Great! A Good CPA. Priceless!

At His CPA PC we work hard being the very best CPA that we can so you can work hard at maximizing your business profit while we help guide you through what you need to know about tax law. The below is a sample letter we might receive off of our web site looking for a “priceless CPA.” Is it time to upgrade your CPA/business tax services today?

I am in the process of trying to startup my own business as an IT consultant and contractor and I will be needing a CPA who understands this field that can help me navigate through this process of small business especially through government requirements and taxes as well as general advise. I am new to this, have talked with other owners about business they have gave me help but they also say a good CPA is priceless. Below is our response:

Thanks for visiting www.HisCPA.com

We market exclusively to small business owners such as yourself.

Might I suggest we get together. I have an opening tomorrow at either noon or one. Please note our initial consult is free and my address is below.

Please bring along with you copies of your incorporation papers and your last filed personal tax returns. I look forward to our meeting.

Atlanta CPA….A Part-time Virtual CFO on Bookkeeping for Your Atlanta Business. See http://www.hiscpa.com/blog/2011/03/22/atlanta-cpa%E2%80%A6-a-part-time-virtual-cfo-on-bookkeeping-for-your-atlanta-business/

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

Gwinnett/Atlanta CPA: How to Use a Virtual CFO for your Business

As Christian Accountants we work hard to put our faith out on the line each and every day. Often that means offering tax and financial guidance when indeed no enumeration will be received; to wit this article.

For business owners of all sizes ranging from brand new startups, business owners doing hundreds of thousands of dollars to those growing by leaps and bounds will sales well in excess of millions to tens of millions.

Top 5 Reasons to Hire a Virtual CFO

1. Using a Virtual CFO will gain you access to tax and financial wisdom on a part-time basis allowing you to pay for only the time you need.

2. Using a Virtual CFO will allow you to have an informed and seasoned tax/financial professional as a sounding board for important strategic decisions.

3. Using a Virtual CFO will help you make the right decision the first time helping you to avoid costly missteps and miscues.

4. Using a Virtual CFO will enable you to help mitigate your business risks and maximize your business’s potential.

5. Using a Virtual CFO is an investment in your business future and is a business tool to help your business not only survive, but thrive.

As an Atlanta/Suwanee/Alpharetta CPA for decades I have learned that perhaps the most important tax and  financial decision you will ever reach in your business life is when to add a virtual consultant to your business; to read more visit http://www.hiscpa.com/parttime-cfo.html

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/Gwinnett CPA: Eight Things to Know Before Your File Your Business Taxes. This list is one you will want to refer to again and again if you are looking to hire a CPA to prepare your business taxes. Using this checklist before you hire a tax preparer will be essential to making sure you pay only your lowest legal possible tax.

Top 8 Things to Know Before Your File Your Business Taxes

1. Qualifications. Be sure your tax prepare for your business is a CPA.

2. Entity Selection. Be sure your tax preparer constantly evaluates if your business entity is best for you and your business/tax needs/liability protection.

3. History. Be sure your tax preparer reviews and keeps a copy of the most recent filed tax returns.

4. Fixed Assets. Be sure your tax preparer advises how to record fixed assets, depreciation thereon and advises you of county property tax reports.

5. Retirement Plans. Be sure your tax preparer each year evaluates and considers what type of retirement plan is best for your business.

6. Forward Thinking. Be sure your tax preparer contemplates and considers future tax issues, tax planning and business issues.

7. Responsive. Be sure your tax preparer returns your call quickly and processes your returns accurately and efficiently.

8. Virtual CFO. Be sure your tax preparer can also serve as a Virtual CFO for your business strategic issues.

As an Atlanta CPA for decades we believe in giving business owners resources they will need to effectively run their business. For tips on Hiring an Atlanta CPA see http://www.hiscpa.com/Atlanta-CPA.html

Duluth Georgia Tax Preparation by 30 Year Atlanta CPA

Looking at the tax paperwork and don’t know where to turn?

Sitting in front of your tax software and the tax box is not offering wise counsel, wisdom and discernment?

At His CPA PC we help you with:

• Personal Income Tax Return Preparation

• Corporate Income Tax Return Preparation

• Financial Statements

• IRS Representation, Back Taxes and Offer in Compromise

• Strategic and Tax Planning

• QuickBooks Guidance

• Virtual CFO

www.HisCPA.com is our web address. We are His CPA PC and are privately owned and managed by its President, John Dillard CPA. Mr. Dillard began his business career working in the audit department of the international CPA firm of Touche Ross & Co (now Deloitte and Touche, LLP). He then transferred his skill set to rapidly growing Atlanta based national companies with revenues of the enterprises in the tens of millions as an Atlanta Chief Financial Officer (CFO).

From there he moved to running his own business with expertise in financial accounting, tax, IRS Representation and consulting services for a divergent number of Atlanta Small Business Owners, while also serving as an Atlanta Virtual CFO. Our firm has decades of experience as Certified Public Accountants providing accounting services and solutions to clients in Gwinnett County, Metro Atlanta and North Georgia. To read more about how an Award Winning Atlanta CPA can help visit us at http://www.hiscpa.com/what_we_do.htm

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

Understanding and Evaluating Entity Selection for Your New Business

At His CPA PC we seek to:

• Be more than just a tax preparer.

• Be sure your business entity pays its lowest legal tax .

• Evaluate your business model and ownership to ensure you select the best entity type for your business.

• ”Wade through the hype” of incorporating in “plain tax talk you can understand”

We just met with three new business owners and helped:

• A sales representative/consultant with the process  of converting their Limited Liability Company over to an S Corporation for Tax purposes.

• A residential real estate agent with entity selection when incorporating their proprietorship.

• A services firm with entity selection for their new business and the business issues to consider in setting up their new business with another shareholder/partner.

All of these clients took advantage of our fee initial consultation we offer to all business owners or taxpayers with substantive tax problems with the IRS. See today what a CPA can do for you while also serving as a Virtual CFO for your business.  Having served as an Atlanta CPA for decades our experience, wisdom and financial insight will do much to help work toward the financial success of our business. For more information visit http://www.hiscpa.com/blog/2011/03/22/atlanta-cpa%E2%80%A6-a-part-time-virtual-cfo-on-bookkeeping-for-your-atlanta-business/

Evaluating with your CPA the tax effects of your entity choice is essential to getting your business off on the right foot. Being careful to avoid, tax elections that will not result in the lowest legal possible tax and selecting the right entity for your business from both a tax and legal perspective is critical.

To evaluate the Tax Effects of Entity Choice when Incorporating see http://www.hiscpa.com/article6.html

Top 10 Reasons to Contact a Faith Based CPA Firm

Learn the key reasons why His CPA, P.C. cares about your business and how you can benefit from being served by a CPA whose ambition for you and your business matches that of your own. Visit http://www.hiscpa.com/top-ten.html

Presented here by www.HisCPA.com A Christian CPA serving Atlanta, Gwinnett, Duluth, Lawrenceville, Snellville, Dunwoody, Alpharetta, Norcross, Grayson, Lilburn & Beyond.

Incorporating In Georgia and Entity Selection