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Jun 30,2009, 7:46AM

Common Pitfalls When Using IRS Installment Plans

Common Pitfalls When Using IRS Installment Plans Installment plans are great options for taxpayers who are not able to either qualify to submit an Offer in Compromise or to pay the tax in full, while asking the IRS for penalty abatement. Though these are often much better financial options, as they frequently result in a lower cash outlay. These options are only for those who either meet the rules, guidelines and procedure for submitting an Offer or who have the financial ability to pay the tax and interest in full at the time of requesting a penalty abatement.
Jun 29,2009, 7:45AM

Practicing Excellence & Serving the Kingdom

Practicing Excellence & Serving the Kingdom As a Body of Believers we are constantly called to do our best and to excel in all that we do. This applies to us as a husband, wife, child, brother, sister, worker, student or friend. To this end we should give back to the community in which we serve. We have long believed that we should give back by offering free speeches and initial consultations...
Jun 28,2009, 10:02AM

Saving Monies in Payroll Tax Penalties

Saving Monies in Payroll Tax Penalties One of the tax cases we personally handled involved an Atlanta Based client who had not paid almost three years of payroll tax returns, specifically IRS Forms 940 and Form 941.During this time the company collected but did not remit to the IRS the Federal Withholding Taxes, FICA, and Medicaid taxes. Also the company did not pay the matching taxes due as well...
Jun 27,2009, 2:09PM

Choosing an Accounting Software for your New Business

Choosing an Accounting Software for your New Business Recently I received the below question on my web-site asking "My dad wants to start a small business. What accounting/bookkeeping software would be appropriate?" As a general rule I would suggest QuickBooks HOWEVER that is akin to diagnosing a patient without seeing them. Please feel free to give me a call and we can give you a more directive...
Jun 26,2009, 8:32AM

Utilizing Key Business Operating Statistics

Utilizing Key Business Operating Statistics Checking your business credit worthiness is not for the meek of heart and can be done without ever leaving the office, calling your bank or logging on to the Internet. All you need to do is to print out your internal financials and utilize a few basic mathematical calculations and you are well on your way. Entrepreneurs often feel they need outside prof...
Jun 25,2009, 7:46PM

Sample Installment Agreement Cover Letter

Sample Installment Agreement Cover Letter Most states like Georgia, and the IRS, allows both corporate and personal/individual taxpayers, who cannot pay their taxes in full, to set up an installment agreement to pay the taxes over time. Though this is a good plan for many, it is often the most expensive as during the time period, when the payments are being made, both penalties and interest conti...
Jun 18,2009, 8:21AM

Being Ever Diligent...While Collecting Unpaid Invoices

Being Ever Diligent...While Collecting Unpaid Invoices The Apostle Paul Commands us to be ever diligent as Satan is always seeking for those he might devour. It is by our readiness and putting on the very armor of Christ that we are able to do God's bidding. When we are addressing collection issues, it is easy to fall into righteous indignation as others fail to live up to their end of the bargai...
Jun 17,2009, 8:29AM

Following Christian Precepts...While Collecting Unpaid Invoices

Following Christian Precepts...While Collecting Unpaid Invoices God guides us, throughout the Bible, to be good stewards of our time, money and resources. To this end, there are many variables to be explored when making collection efforts that I have detailed below of situations and circumstances where we tried to go the extra mile in being a Christian and a Believer on both collection issues and...
Jun 16,2009, 8:27AM

Keeping Your Christian Principles...While Collecting Unpaid Invoices

Keeping Your Christian Principles...While Collecting Unpaid Invoices I am frequently asked as well as challenged myself in ensuring that all of the collection procedures of my business are performed in a matter, that is conducive to the Body of Christ and is according to God's word. Certainly there are times when we should give our time away, just as Jesus modeled, as others have needs that far o...
Jun 15,2009, 7:19PM

Collection Issues for Your Christian Based Business...New Series Starts Today. ...The Christian Collection Series

Collection Issues for Your Christian Based Business...New Series Starts Today. ...The Christian Collection Series The Christian Collection Series is for business owners who are seeking both to emulate and honor God with their actions and deeds in all of their regular business activities. Often when reading both the Bible we are left to consider for ourselves that the words mean, as well as their ...
Jun 15,2009, 10:59AM

Serving God by Serving Others...Taking Christianity Into the World

Serving God by Serving Others...Taking Christianity Into the World Though I have worked hard over the decades of experience serving as a CPA to Atlanta are business for decades. It is our faith in Jesus Christ alone that gives us strength and the encourage to go one. When all fails, it is in our weakness and in our supplication to Him alone that we are one with him. All that I am and all that I w...
Jun 14,2009, 5:42PM

Living in the Moment...Taking Christianity Into the World

Living in the Moment...Taking Christianity Into the World I have known many who were here today and then gone tomorrow, as God calls those he loves home. Maybe you have a friend today that you have unresolved conflict with or need to reach out to. Perhaps there is someone in your life that you have not told you love them lately or could there be something in your own life, that you still need t...
Jun 13,2009, 8:23AM

Tax Negotiations Saves Tax Client Tens of Thousands of Dollars

Tax Negotiations Saves Tax Client Tens of Thousands of Dollars A Good CPA Should Ultimately Save You Money We have recently received commitments from the IRS to save one of our clients tens of thousands of dollars. Though many would see this as successful, and I would certainly agree, but we are not done yet. As Believers we march to the tune of a higher drummer and therefore we do not stop to ...
Jun 12,2009, 8:35AM

When you Should Incorporate

Knowing When to Take Your Business to the Next LevelIncorporating in Georgia is still one of the best things you can do as you plan for your long-term business's success. Incorporating gives you several advantages that you otherwise could not enjoy.
Jun 11,2009, 8:25AM

Incorporation Procedures for Your LLC

Incorporation Procedures for Your LLC Incorporating as an LLC...Understanding the Incorporation Process Incorporating as an LLC is not necessarily difficult but those who do it alone without the services of a good attorney are a sitting recipe for disaster. Frequently I will see clients, who have incorporated themselves soon to learn that although they have filed the Georgia Articles of Incorpor...
Jun 10,2009, 7:22AM

Top Five (5) to a Successful IRS Audit Experience

Top Five (5) to a Successful IRS Audit Experience If you have just received a tax notice these tax tips will do much to ensure that you stay out of trouble with the IRS as well as mitigate it, once it occurs and will be one you will want to refer to again and again. These are the most common mistakes business owners and taxpayers make resulting in much extra stress and additional penalties and in...
Jun 09,2009, 10:54AM

Sample Cover Letter When Getting Ready to Prepare for an IRS Audit

Sample Cover Letter When Getting Ready to Prepare for an IRS AuditWhen getting ready for an IRS audit it is good to start off the relationship with both the client and the IRS to build trust, confidence, availability and goal setting. As none of us in life will be able to do it all by ourselves, finding a CPA who has a proven track record of success in IRS Representation issues whether you are fac...
Jun 08,2009, 8:15AM

Christian Business Leaders Summit 2009..Taking Christianity Into the World

Christian Business Leaders Summit 2009..Taking Christianity Into the World Christian Business Leaders Needed for Summit in Uganda for October, 2009 Christian Business Leaders in Uganda are putting the final touches on their walk of faith in having the first ever Christian Business Leaders Summit. Below is the organizers letter I just received. Pray what God would have you do as we Take Christian...
Jun 07,2009, 1:57PM

Free Keynote Speaking by Speaker/Author John Dillard CPA

 Free Keynote Speaking by Speaker/Author John Dillard CPA for Your Business Group or ChurchIn my pursuit of speaking engagements, I am looking to promote and offer:-Free tax and business advice to entrepreneurs. To gain a feel for what I do feel free to visit www.HisCPA.com Just a small sampling of what we can over includes:
Jun 05,2009, 8:16AM

Amending Income Tax Returns Can Save Thousands

Amending Income Tax Returns Can Save ThousandsOften taxpayers feel after they have filed an income tax return that they are etched in stone. Though you want this to be the case as no one likes to tax returns twice, frequently having a CPA critique your past returns, especially if you are a business owner and had returns filed by someone who is not a CPA, is often a great way to "find unclaimed money." In reviewing past business/corporate as well as personal income tax returns we have amended returns to reflect:
Jun 04,2009, 9:51AM

Loan Procurement in a Down Economic Market...How to Market and Promote Your Business Financing Needs

Loan Procurement in a Down Economic Market...How to Market and Promote Your Business Financing Needs Despite the news of the times and the severity of the downturn in the economic market, there remains financially sound quality lenders who are seeking to extend credit to qualified business owners. As you would expect, however, banks are getting back to the basics of lending practices that ruled t...
Jun 03,2009, 8:28AM

Getting Your Banker to Say Yes to Financing Needs...Getting Financing For Your Business

Getting Your Banker to Say Yes to Financing Needs...Getting Financing For Your Business Business Banking 101 Knowing how to best package your business and to present yourself to a banker is essential to getting your bank to say yes to your financing needs. This is the third part of the series of Getting Financing For Your Business. Integral building blocks to this series can be found on this blo...
Jun 02,2009, 7:52AM

Business Credit & How to Acquire It...Getting Financing For Your Business

Business Credit & How to Acquire It...Getting Financing For Your Business There is no magic pill to take that will make you business "bankable." As you would expect, banks make loans with the goal of being repaid, thus some of their primary concerns will center on your most recent past history, experience and the basics of your business itself. Frequently however business owners instead will ...
Jun 01,2009, 9:10AM

The Five C's of Lending...Getting Financing For Your Business

The Five C's of Lending...Getting Financing For Your Business "Knowing the Ropes" is essential to positioning your company to be able to be in a position to be bankable and to get a line of credit or more permanent financing when it is most needed by your business. Just as you cannot obtain fire insurance the day after a fire and to have it cover a past loss. Similarly is it true, that you cannot...
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