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 became totally and permanently disabled after a working for 44 years. I returned to college late in life (while working full-time) to fulfill my dream of becoming an RN and at that time found it necessary to secure student loans. Three years after being declared totally and permanently disabled my student loans were discharged. In January 2013 we received a 1099-C form declaring said student loans that were discharged however that amount could be considered as income for 2012. This was a large amount of money and we live on two pensions and social security income.

I started looking on the internet for information regarding 1099-C and felt that this was something that we could not handle alone. I made phone calls locally to a very reputable tax group in a city near us and they said it would cost $500 for an appointment and that they really prefer to do corporate taxes and they referred me to a local person who had worked for them at one time, we called and explained the situation and an appointment was made and then the comment was made that "I will have to do some research on this" and flags immediately went up and we called back and cancelled that appointment. I had been researching the IRSwebsite and every place else I could think of and I was not comfortable doing our own taxes this year. We called another local tax preparer that we had used in the past and made an appointment, however prior to the appointment, while still seeking information regarding our situation,

I came across a website for Gary l. Bode, MSA, CPA, PC in Wilmington, NC. I called Mr. Bodeand explained our situation and asked if he could help. He spoke very knowledgeably regarding the situation and stated that yes; he felt he could help us. As Mr. Bode was in North Carolina and we were in New York I scanned all of our documents including back-up documents for all of our claims and forwarded all to him. Mr. Bode kept in touch with us via email; we have spoken on the telephone several times and have become very comfortable with his knowledge and professionalism. Also, as I am a true "worrier" I have continued looking into information regarding our tax situation and I came upon another web page for Mr. Bode that included testimonials which spoke of his experience with this type of tax situation as it became prevalent during the recession. This reinforced in our minds that we had made the right decision in hiring this person as our tax preparer.

I share all of this as our taxes are now ready to be filed (we do owe tax for 2012 but not the astronomical figure we thought we were facing), and we are confident that they have been prepared with the utmost care by a gentleman who has an excellent working knowledge of the situation we faced and the tax laws that were applicable to said situation.

 

Bill and Carol

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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QuickBooks CPA Consultant discusses QuickBooks Limitations and Solutions

QuickBooks CPA Wilmington NC

Gary Bode CPA: a QuickBooks CPA should understand the program's strengths and weaknesses. For a free phone consult call (910) 399-2705.

QuickBooks has limitations, or sometimes the client perceives it has limitations. There are dozens of QuickBooks articles on this site showing that I’m a big fan. But a good QuickBooks CPA understands the program’s weaknesses and its strengths.

QuickBooks Reports

I think most QuickBooks CPAs run into this problem. A client grows the business and wants to see specifics on a QuickBooks report. QuickBooks reports can be customized within the program itself. Very cool. I only recall a single time where QuickBooks failed to deliver. And then we just had to prepare two reports and analyze them together. There are also user defined data fields that allow company specific customization. These extend QuickBooks functionality. For example you might use these to enter a company statistic and then sort by that statistic.

But great reporting ability isn’t always enough.

When I worked for construction firms, I routinely customized QuickBooks reports and then exported them to Excel for further tweaking. Excel has better sorting, charting, formatting and analysis tools. Why export? My job depended on conveying complex information to busy project managers in an intuitively obvious manner. While QuickBooks held all the hard data, those internal reports didn’t make analyzing it easy. Talk to your QuickBooks CPA about making bookkeeping relevant for managerial purposes. Of course, the underlying data must be accurate, timely and consistently entered. Sometimes managerial reporting means designing a performance dashboard where multiple reports and charts are consistently presented weekly and/or monthly.

QuickBooks Bookkeeper

Some business owners find QuickBooks hard to use. Generally this seems more related to time constraints then the QuickBooks interface. In most companies, bookkeeping isn’t the Owner’s, Member’s, or Shareholder’s best use of time. This is true regardless of the accounting software. So a QuickBooks bookkeeper becomes a necessity at some point.

QuickBooks gives back whatever you enter. Garbage in, garbage out. A poorly designed set of books might be OK for tax purposes, but may hinder managerial usefulness. A QuickBooks CPA should take the time to understand your company and the way you think about it. And then help you design a relevant chart of accounts, train your bookkeeper, and then periodically look your QuickBooks file over.

QuickBooks Fraud

Originally QuickBooks circumvented usual internal accounting controls to earn its user friendly reputation. But that made it easier to commit fraud with QuickBooks than with other accounting software. This is still true, in my opinion.

No QuickBooks CPA can 100% guarantee against fraud or embezzlement. But a QuickBooks CPA can help find the right tradeoff between internal control and effective use. As a QuickBooks CPA, I’m interested in fraud. You’ll find a dozen or so QuickBooks fraud postings on this site. When I inspect a client’s books, I look at common areas where fraud occurs. Again, no guarantee. But I think it helps some folks stay honest when they know someone is watching them.

QuickBooks Add Ons

QuickBooks integrates with many third-party applications designed to extend functionality. For example, QuickBooks isn’t fantastic with Inventory. It doesn’t have an employee time clock function. Sometimes the third-party software integrates with QuickBooks well. Other times you end up with a workaround situation which is time consuming. QuickBooks is great software and can be extended far beyond basic bookkeeping. But sometimes you have to consider going to specialized software for your industry. Your QuickBooks CPA would help you decide if that’s so and how to approach switching.

Using QuickBooks in Parallel with another Program

Restaurants, for example, usually have Point of Service software. It rings up sales, calculates sales tax, clocks employees in and out, tells you how many folks eat lunch with you on Tuesday, processes credit card transactions, etc. But the restaurant uses QuickBooks to track the cost side of the business, e.g. payroll, food purchases, etc. Sometimes, just a weekly entry of revenue into QuickBooks, as shown on the POS software, suffices. I have fast food franchise clients with multiple locations operating in this fashion. Issues? Generally any managerial analysis is done in Excel but isn’t a major problem.

QuickBooks is just a Software Program: accounting skills and training

You need to provide the accounting and bookkeeping skills. While QuickBooks is easier to implement than most programs, you will eventually need a CPA skilled with it. Sometimes it’s just easier to start off right.

I taught QuickBooks online for Baker College, the largest private college in Michigan. This is a generalized course and explores aspects of QuickBooks your company may not need. It doesn’t really integrate the accounting skills either. Sometimes customized training that concentrates on your company, and how you think, is quicker and easier than generic training.

Switching From QuickBooks

Any QuickBooks CPA will have horror stories about switching accounting software. I think some folks stay with QuickBooks long past when a switch makes sense. Why? A convoluted set of processes you understand is less scary than new processes. Switching just takes lots of planning and research. Have you exploited QuickBooks to its full potential? Maybe an industry specific program is now appropriate.

I’m a QuickBooks CPA with a virtual office to serve our international and long distance clients, and, offer greater convenience to local Wilmington NC clients. By the way, I’ve used QuickBooks for 18 years. For a free phone consult call (910) 399-2705.

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