We Prepare Tax Returns!

We prepare most type of tax returns:

Individual. 

S Corporation.

C Corporation.

Partnership.

Payroll.

Amended.

Gary Bode, CPA is a Master's Degreed, nation wide accountant offering tax and business services. Member of AICPA and NCACPA. Our virtual office provides excellent service to long distance and international clients. Call (910) 399-2705 for a free phone consult.

Client Video Testimonials

Click here to watch some of our clients in their video testimonials!

Client Testimonials

I used Gary’s services to file my 2012 income tax return. This was my first year having an accountant do my return, as I have always done it myself using TurboTax. However, this year I had cancelled debt from my old primary residence which I was forced to convert to a rental property after relocating out of state.

While it didn’t cost me anything to do the short sale, the income tax consequence from the cancelled debt, roughly $50,000 in my case, was enough to move me from the 15% tax bracket to the 25% tax bracket.  Needless to say, I was concerned about that.

Finances were already tight and my husband and I are expecting our first child this fall. So the possibility of owing income tax was stressing me out. However, Gary was great at relieving my fears.

He is extremely knowledgeable, answered all my questions and was very thorough. I knew I was in good hands. He kept in constant contact with me throughout the process, keeping me updated on the progress of my return and letting me know what paperwork he needed to complete my filing.

In my mind, best case scenario would have been to not owe any taxes. Second best would be to only owe a little. Well, you can imagine my surprise and delight when Gary told me I was actually due a refund of a little over $2,700.00!

To top it all off, I found Gary’s fee for service to be fair, competitive and affordable; especially given the complexity of this type of return. I am so glad I did not try and go it alone this year. I am extremely pleased with Gary’s service and would recommend him highly to anyone, in fact I already have. If you have cancelled debt from a short sale or foreclosure, don’t freak out. Take a deep breath and call or email Gary. I am grateful I did.

Angie Falke of Holiday, FL

Free Consult

Even though Gary enjoys helping colleagues, we no longer provide free consults to other tax preparers. He's happy to consult on an hourly billing basis if our schedule allows.

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CPA Firm in Wilmington NC comments on 2011 IRS Mileage Rates

CPA Wilmington NC discusses IRS 2011 standard mileage rate

Gary Bode, CPA: our past posts can help you decide if using the IRS standard mileage rate makes sense. For a free initial phone consult, please call 399-2705.

The IRS raised standard mileage rates for business use of a vehicle to 55.5 per mile cents starting July 1, 2011. The rate for the beginning of 2011 stays at 51 cents per mile. For documentation requirements on mileage, read our post on business mileage for Schedule C. For rules of thumb on what these rates mean in actual tax savings vs cost, see our post on Schedule C mileage calculations.

Bottom Line

We’re now recommending using the Actual Cost method for deducting vehicle expense for clients who can do so. The standard mileage rate just doesn’t cover vehicle expenses with the current gas prices.

Proactive CPA

Many of our CPA posts deal with esoteric IRS tax issues. But we pay attention to the basics, like vehicle expense deduction techniques, too. We’re a Wilmington NC CPA firm, but serve a broader geographical base. Why? Our free phone consults attract clients who appreciate our expertise enough to see that technology allows us to offer great service wherever you live. Call us at (910) 399-2705.

1 comment to CPA Firm in Wilmington NC comments on 2011 IRS Mileage Rates

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