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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Form 8941 CPA comments on 2012 Requirements | Payroll issues

Form 8941 CPA Wilmington NC

Gary Bode, CPA: Form 8941 is just part of the Patient Protection and Affordable Care Act. For a free phone consult call (910) 399-2705.

I’m a Form 8941 CPA with a virtual office to accommodate long distance clients.

Form 8941 CPAs concentrate on Form 8941. But there are other issues to concern yourself with now that the Supreme Court upheld the Patient Protection and Affordable Care Act. I imagine most companies had a wait and see attitude.

2012 W-2s

Remember health insurance premiums must be included on the 2012 W-2s. This shouldn’t be a major hassle for employers, but payroll CPAs might have a windfall in 2013 (wink). Most health insurance premiums aren’t tracked through payroll. The process should include:

  • Gathering 2012 information to date.
  • Establish an ongoing process to track these costs. For most folks that would be a supplemental Excel spreadsheet you update when the company pays the health care premiums.
  • In 2013, prepare an accurate report of these costs. Reconcile it to the totals paid in 2012.
  • Ensure your payroll CPA enters the information on the 2012 W-2s.

Information for Open Enrollment

You must clearly communicate employee options to them. My guess? This will take a few days of work for an HR employee. While not a big deal, documenting the process is prudent as employee confusion could generate complaints. I suggest turning the process into a PR event.

Any change in payroll and reporting procedures has the potential for problems. Proactive planning should make this 2012 W-2 issue a breeze. I encourage my clients to aggregate employee costs anyway. Why? I like to know the total of what each employee truly costs; gross wages, unemployment taxes, payroll taxes, health insurance, Workman’s Comp, etc.

I’m a Form 8941 with a virtual office. So, if you don’t have a local CPA, or just like what you read on this website, consider giving us a call for a free phone consult at (910) 399-2705. Distance isn’t an issue. Form 8941 is prepared as part of the Company’s Form 1120-S, Form 1065, Form 1120 or Schedule C. We handle payroll, too.

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