Don't Miss Tax Deductions
Leaving no stone unturned should be your goal when preparing your year-end income taxes for both your business and yourself personally, with thoroughness being the best way to ensure that your returns are correctly prepared. Below is a sampling of such a critique to ensure that you have all of the legal tax deductions allowed and to also ensure that you report all of your taxable income:
Serving Globally: Walking the Walk...Navajo Family Missions Series Day 6... Taking Christianity Into the World
This is Day 6 of the Navajo Family Mission Series of our Weekly Family Trip To Serve the Navajo People of Pueblo Pintado. It is about sixty people who for an entire week lay down their jobs, vacations and responsibilities to be the very hands and feet of Christ. This is their story. Jesus often withdrew to the solitude of the desert to pray and be strengthened. Come along side us and see the changes of hearts, passions and lives as God joins us on our journey To catch a further look at our vision for our work there visit http://www.hiscpa.com/blog/2009/07/30/casting-a-vision-navajo-family-missions-taking-christianity-into-the-world/ If you and your church are encouraged by our journey, join us as we look to revival for the Navajo People, by taking Christianity Into the World
Keeping Your Tax Filings and Payments Current for All Tax Years for Both Your Business and You Personally
One of the statutory requirements of submitting an Offer in Compromise with both the IRS and the state is that all of your tax filings and payments must be current before submitting an Offer. During the Offer Process we constantly work with taxpayers to ensure that they are fully aware of all of the many nuances of the Offer Process and to ensure that they are compliant with the Offer in Process Evaluation and Process requires. Though the goal of open and clear communication is essential at all levels of the process we frequently discover that clients have failed in one or several parts of the process. To learn more about this process and if it relates to you visit http://www.hiscpa.com/offer-in-compromise.html In the event that you were to submit an Offer in Compromise, while failing to address unfiled or unpaid corporate or personal income taxes including payroll taxes, you will essentially have to start the process over. Below is a sample of a letter you might send to start the process over and to withdraw a previously submitted Offer in Compromise, in such an event:
Readying Yourself for Retirement
In a recent survey, 60 percent of workers aged 55 and older gave an incorrect answer when asked the age at which they will become eligible for full Social Security benefits.¹
Not only is it important for you to know when you become eligible, it's also important to understand the implications of taking benefits early, at full retirement age, or later.
Serving God by Making Disciples...Navajo Family Missions Series Day 5... Taking Christianity Into the World
This is Day 5 of the Navajo Family Mission Series of our Weekly Family Trip To Serve the Navajo People of Pueblo Pintado. It is about sixty people who for an entire week lay down their jobs, vacations and responsibilities to be the very hands and feet of Christ. This is their story. Jesus often withdrew to the solitude of the desert to pray and be strengthened. Come along side us and see the changes of hearts, passions and lives as God joins us on our journey To catch a further look at our vision for our work there visit http://www.hiscpa.com/blog/2009/07/30/casting-a-vision-navajo-family-missions-taking-christianity-into-the-world/ If you and your church are encouraged by our journey, join us as we look to revival for the Navajo People, by taking Christianity Into the World
"Do not conform any longer to the pattern of this world, but be transformed by the renewing of your mind. Then you will be able to test and approve what God's will is-his good, pleasing and perfect will." Romans 12:2
Day 5 - July 14, 2009 - Wednesday - Jesus Gives Us The Power To Live Forever
COPS: Christ-like Obedience Protects Saints
Learn, Lead & Serve...Taking Christianity Into the World
Where is Jesus Leading You to Serve...Taking Christianity Into the World
Christian Author John Dillard CPA is set to Speak at several Upcoming Kiwanis Meetings in Gwinnett. Kiwanis was originally founded in 1915 as a business networking involved but has evolved as an international organization serving the needs of the poor. Kiwanis, much like John Dillard himself, believes that we are all called as ordinary people to accomplish extraordinary things and to develop leaders for future generations. Mr. Dillard will be speaking at the below events and dates in Gwinnett County about their Family Mission Trip to the Navajo Indian Reservation in New Mexico. To read more about their efforts and to see how you can get involved, visit John's blog at www.HisCPA.com under the Missions Tab. To read more about Kiwanis and to see how you can get involved visit http://www.kiwanis.org/ To invite John Dillard to speak to your Kiwanis, Rotary, Chamber of Commerce, Civic Group you can contact him directly at 770 814 9304 or at His CPA PC by visiting www.HisCPA.com or visit him and his ministry at www.John-Dillard.com as he Takes Christianity Into the World.
Tax Planning 101: Utilizing Tax Information To Understand Changes in Your Tax Situation
Understanding nuances of your own personal tax information will do much to help you both communicate with your CPA as well as to plan for your current tax bill and well into retirement. As such a CPA will work with a client to help understand and apply the many tax variances that might consist on a return to both enlighten and to educate a taxpayer. Below is a sample of what we might send to a taxpayer to teach and to help show clients reasons for variance in both their final tax obligation as well as the net amount due or to be refunded upon year-end income tax preparation:
Bearing Fruit: Taking Revival Into the World...Navajo Family Missions Series Day 4... Taking Christianity Into the World
This is Day 4 of the Navajo Family Mission Series of our Weekly Family Trip To Serve the Navajo People of Pueblo Pintado. It is about sixty people who for an entire week lay down their jobs, vacations and responsibilities to be the very hands and feet of Christ. This is their story. Jesus often withdrew to the solitude of the desert to pray and be strengthened. Come along side us and see the changes of hearts, passions and lives as God joins us on our journey To catch a further look at our vision for our work there visit http://www.hiscpa.com/blog/2009/07/30/casting-a-vision-navajo-family-missions-taking-christianity-into-the-world/ If you and your church are encouraged by our journey, join us as we look to revival for the Navajo People, by taking Christianity Into the World.
I Cannot Be Silenced...Taking Christianity Into the World
I Cannot Be Silenced I will tell all I see.
I cannot go back. His way is my way.
I am forever His. We will always be together.
I will live with Him forever in the Heavens.
I have seen the Light and He is good.
Compassion International: Serving the World's Children...Taking Christianity Into the World
I have been a long standing supported of Compassion and has supported a child in South America for approximately ten years now. It has been a joy and a privilege to support our Compassion child. Not only has it helped her greatly, but it has allowed us to grow in the Lord and to encourage her. It is a great joy in our family as we limit the distance between us by letters, cards and pictures.
Compassion International has been in existence for fifty-seven years and not supports more than one million children world-wide throughout twenty-five countries throughout the globe.
Your Entrepreneurial Business: Choosing a Business Entity Type
Incorporating Your Business
There are many reasons a taxpayer may look to incorporate their business ranging from legitimacy, liability limitation and tax mitigation. Understanding these many nuances is your best first step in ensuring that you chose an entity type is best achieving success given your business model and operations. Entity selection is determinant on many issues ranging from citizenship, number of shareholders, ease of operation, tax obligations and year-end filings and even who your shareholders will be. Though many of these issues will conflict, working with a professional who is well versed in these issues will help you make the best election available for your new American Business.
Ensuring Your New Corporation Stays Current
Though many file their initial Georgia Articles of Incorporation correctly, frequently as Paul Harvey would say "the rest of the story" is overlooked and missed. Being sure that you understand the big picture will help ensure your new business gets off on the right foot and does not fail in maintaining its responsibilities as a Georgia corporation.
Your New Business Incorporation: Don't Forget the Details
Though many file their initial Georgia/your state's Articles of Incorporation correctly, frequently as Paul Harvey would say "the rest of the story" is overlooked and missed. Being sure that you understand the big picture will help ensure your new business gets off on the right foot and does not fail in maintaining its responsibilities as a Georgia corporation.
Utilizing the Incorporation Process of Your Entrepreneurial Based Business
So you have started a new business and now need tax advice to take your business to the next level and to ensure that you set up as the correct/best legal entity type for your new Georgia business. Choosing to incorporate your business as a corporation will do much to protect your personal assets from legal liability issues while potentially shrinking your overall year-end tax obligation while also providing benefits for yourself, as well as your employees. We are here to serve you as you make this important decision. Over the decades we have helped thousands pursue the dream of owning their own business and helping them understand and utilize the entity choice that is best-suited for their business.
Ensuring You Have Sufficient Documentation to Prepare Your Personal Income Tax Return
Failing to Prepare is Preparing to Fail. When preparing your data to present to your CPA, it is one of the best times to ensure that you have all of the required documentation as well as to ensure that every legal, an no illegal, deductions are claimed. On the contact page of our web-site at http://www.hiscpa.com/newclient.html there is a checklist for you to use to ensure that you have all the tax items needed. Though the list is not intended to cover all items for all taxpayers, it is written in a thought provoking matter to lead taxpayers and preparers alike to be sure to report and consider all income and all legal tax deductions. Of course, the first best place to go is a copy of the prior year's tax return, if prepared by a good CPA, to determine the recent past history of a client, while being sensitive to current changes in taxpayers home state, filing status, types of income, itemized deductions etc. Below is a sample of a letter we might send to a taxpayer to help them prepare the required data to ensure a return's accuracy and completeness:
Filing of Old/Back Tax Returns with the IRS
Setting reasonable and correct expectations with both the taxpayer and the IRS are essential to successful IRS representation. Looking to the future with a firm schedule in mind is paramount in helping both taxpayers both commit to a plan and to manage expectations. Knowing how long it will take a client to pull information together and then encouraging that all information is assembled as soon as possible is critical in working with the Internal Revenue Service to stop enforced collection efforts such as liens, levies and garnishments of wages. Below is a sample letter you could use to request time needed to address back taxes and to manage expectations for all:
Faith in Action...Navajo Family Missions Series Day 3... Taking Christianity Into the World
This is Day 3 of the Navajo Family Mission Series of our Weekly Family Trip To Serve the Navajo People of Pueblo Pintado. It is about sixty people who for an entire week lay down their jobs, vacations and responsibilities to be the very hands and feet of Christ. This is their story. Jesus often withdrew to the solitude of the desert to pray and be strengthened. Come along side us and see the changes of hearts, passions and lives as God joins us on our journey To catch a further look at our vision for our work there visit http://www.hiscpa.com/blog/2009/07/30/casting-a-vision-navajo-family-missions-taking-christianity-into-the-world/ If you and your church are encouraged by our journey, join us as we look to revival for the Navajo People, by taking Christianity Into the World
Telling the Truth: Don't Let Others Lead You to Sin:...Taking Christianity Into the World
As Believers our first responsibility is to Jesus Christ and therefore our responsibility is to obey the Bible and its precepts. Though the world will do much to blur the lines between truth and fantasy, our calling and our obedience requires us to be not of this world but to be like him. Recently I received the below letter dealing with integrity in the workplace:
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John Dillard is an author and Certified Public Accountant. To See how he takes Christ along with him to work visit www.HisCPA.com
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