How Can I Help My Business Survive?
It’s a jungle out there for business owners, but we plan to teach people how to survive in it. Whether it be a bull or a bear market the ratio of business survival rates are stacked well against you before you even begin. Thus it is essential that you work with a CPA who is technically proficient, well-educated, well-known in the business community and is able to communicate technical management and tax information and nuances in a way that you, the business owner and entrepreneur, can understand.
“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.”
— Atlanta CPA, John Dillard CPA
All your professionals, ranging from CPAs, attorneys, financial planners and insurance agents should save you either tax dollars or make you more money or give you good advice or preclude bad things happening to you, easily exceeding the fees they get for their services.
We make plans to spotlight the practical aspects of running a business. Schools teach business concepts, but our firm narrows the focus to particulars such as preparing financial statements, developing business plans and calculating a business’s vital statistics.
We give other very specific advice. For instance, in the case of loans either going to or coming from a company, if a promissory note doesn’t exist, IRS officials could call the exchange of money additional capital for the company or a dividend for an individual and tax the money. Standard loans, on the other hand, normally aren’t taxed.
Most business owners are very willing to loan their companies money or vice versa. But most fail to document the full (meaning of the transaction), by the completion of a full and legally enforceable promissory note between the owner and the business.
You cannot take a chance with the most important asset: your business. We have worked with many business owners over the decades providing insightful and timely advice to help ensure your business’s very survival. Give us a call today. Make sure that you work with a CPA who cares as much about your business as you do.
Then Jesus came to them and said, “All authority in heaven and on earth has been given to me. Therefore go and make disciples of all nations, baptizing them in the name of the Father and of the Son and of the Holy Spirit, and teaching them to obey everything I have commanded you. And surely I am with you always, to the very end of the age.”
Matthew 28: 18:20