Excellence Matters!!!
Excellence matters.
Make sure you work with a CPA who exceeds not only their own HIGH standards but exceeds your expectations.
Posts
Is Your Business Set for GROWTH?
Using a Virtual CFO and do MUCH to Help Your Business Achieve Higher Sales Levels & Profitability. Is Your Business Set for GROWTH?
Atlanta Virtual CFO/CPA for Your GROWING Business
#VirtualCFO
#VirtualCPA
At His CPA PC…We Seek GROWING Business Owners & Entrepreneurs
At His CPA PC…We Seek GROWING Business Owners & Entrepreneurs
The below is a letter we have sent a client confirming Success:
Since we met in 2015 we have worked with you hand in hand to save you approximately $52,000.
For when we first met you had an individual who was to be an owner in your venture. If he had even been limited to 20% ownership he would have been required to have been issued shareholder distributions on a prorated basis of ownership. Based upon your profits over the last three years this saved you $44,000 by our working with him to ascertain his true desires of a stipend for helping you rather than ownership in your business.
During this time we also worked with the IRS filing a Late Election using IRS Revenue Procedures to have your LLC converted to an S Corporation made effective that same year saving you $18,000 in FICA/Medicare taxes (as you also paid yourself a fair and reasonable salary) since our initial meeting.
At His CPA we seek to be MUCH more than just a transactional CPA preparing tax returns by seeking to come alongside you in making strategic and critical business decisions that are well beyond processing data.
How His CPA Became a Christian CPA Firm; Experience the Difference
I am His CPA. Though have won/earned honors since the mid 1970’s and forward the thing I am most blessed with is to be a Christian CPA.
Explore how one Christian CPA can help you as you GROW your business!!!
How His CPA Became a Christian CPA Firm
Serving God by Serving You…One Tax Return at a Time = “Friends for Life”
Serving God by Serving You…One Tax Return at a Time = “Friends for Life”
This has been a watchword for us since Day 1 when God called my www.HisCPA.com to be an EVEN brighter light for the Kingdom!
Whether we are doing personal or corporate income tax returns, assisting clients with their bookkeeping or internal financial statements for serving as a Virtual CFO/CPA we seek to put God 1st!
Does this mean we never make mistakes? Of course not, but it is our goal to be perfect in our work for it is much easier seek perfection at work than in our own personal lives.
At www.HisCPA.com you are much more than a client for many and indeed most all are now “Friends for Life.”
Georgia Tax Law Changes for Georgia Business Taxpayers & Entrepreneurs
Georgia Tax Law Changes for Georgia Business Taxpayers & Entrepreneurs
Georgia Governor Nathan Deal signed House Bill 918 reflecting changes in Georgia law to reflect IRS Tax law updates. Some of the more significant changes affecting Georgia Business Owners & Entrepreneurs are:
Effective January 1, 2019 Georgia reduced the personal and corporate tax rates to 5.75%.
Georgia did not adopt the 20% qualified business income deduction that was included in the Tax Cuts and Jobs Act/TCJA giving business owners and entrepreneurs a 20% deduction of their K-1 business income on their federal return. This was passed by the IRS for business owners to bridge the gap between reduced corporate tax rates and those for individuals.
Georgia also doubled the standard deduction for all individual taxpayers to $6,000 for married tax payers filing jointly/$3,000 for married taxpayers filing separately and to $4,600 for single tax payers.
Stay abreast for more tax news as it affects each and every one of our pockets!
Just saved a client over $800,000
Just saved a client over $800,000
We just got through working with a client with returns going back over 10 years with multiple sole proprietorships, real estate investments, an S Corporation and lots of unprepared and unfiled tax returns.
At our initial meeting with the client we discussed our strategy of preparing the old unfiled back taxes starting with the oldest return first and then working our way forward. We filed a power of attorney and I was able to keep the client “whole” with no monies having been taken and kept either the taxpayers personal accounts or garnishments/levies on their W-2 wages.
At www.HisCPA.com We seek to be sure you pay only your lowest legal taxes. So when you have IRS tax representation issues and need to file old back tax returns give us a call. After we get all of the back returns filed then we can begin to work to seek IRS penalty abatement or to submit an Offer in Compromise.
“The best time to hire www.HisCPA.com was 20 years ago. The second best time is now”
“The best time to hire www.HisCPA.com was 20 years ago.
The second best time is now”
-John Dillard CPA
“The best time to plant a tree was 20 years ago.
The second best time is now.”
-Chinese Proverb
Tax Cuts and Jobs Tax Act of 2017 vs. Meals and Entertainment Expenses
Effective January 1, 2018 the IRS has dramatically changed the way business owners record and deduct Meals and Entertainment:
Entertainment expense is no longer deductible.
Business meals remain 50% deductible.
Items benefiting employees (not the owners) such as recreational/social activities (i.e., Christmas parties) are deductible at 100%.
Accordingly I suggest setting up in your chart of accounts effective 1-1-18 three new charts of accounts:
-Entertainment Expense (not deductible).
-Business Meals (50% deductible)
-Recreational/Social Employee Expense (100% deductible)
The New Tax Act Has LOTS in Store for Many Including…
The New Tax Act Has LOTS in Store for Many Including…
Tax bracket reductions for individuals, S Corporations, LLC’s & C Corporations
I recommend all taxpayers do tax planning for 2018 as soon as they complete their 2017 tax returns.
Some of the major changes for individual taxpayers include no more exemptions, increased standard deductions and limits on deductability of state income taxes and property taxes.
Some of the major changes for business owners who have flow through entities (S Corporations and LLC’s) include deduction for the net income portion of your business profit as listed on the K-1 if you qualify based upon your income levels and your industry type.
Be sure you get every legal deduction; after all it is yours!
