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

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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 Discusses Small Business Fraud Prevention | Wilmington NC

Wilmington NC QuickBooks CPA discusses small business fraud
Gary Bode, CPA: QuickBooks is one of the easier programs to commit small business fraud with! Set it up properly. For a free initial phone consult call 399-2705.

Every QuickBooks CPA has fraud stories. In the 1980s, CPAs condemned QuickBooks for its lack of internal controls. But QuickBooks can now be tightened down for internal control and still retain its user-friendly interface.

“I’ve used QuickBooks for over 15 years, taught it at Baker College and have tutored dozens of clients clients in it. But I still see new, innovative ways to commit fraud with QuickBooks.”
-Gary Bode, QuickBooks CPA in Wilmington NC

I’ll discuss common QuickBooks fraud schemes, but you can’t reasonably rely on this post, or website, to construct an anti-fraud program. Your particular circumstances have to be factored in. Click the QuickBooks category, on the drop down list in the right sidebar, to read our other posts on fraud and QuickBooks.

Anti Fraud Philosophy

To an owner, fraud prevention is like raising a daughter. You want her to live an open, full life while being constantly vigilant against the small percentage of problem boys.

Lead by Example

Every QuickBooks CPA would agree that management sets the tone for the employees. Here are a few quick examples I’ve seen that illustrate my point:

  • The boss sexually harasses the help. So three consecutive secretaries either steal or misuse the company credit cards.
  • The QuickBooks CPA may not know management pockets cash from off-the-books transactions. But the bookkeeper does. This may help rationalize a false vendor fraud scheme against the company.

Don’t set an immoral or oppressive tone for your company.

Who Commits Fraud

Anyone. So, you have to watch everyone. Sad but true.

Honest Employees like Being Protected from Suspicion of Fraud

Having an omnipresent anti-fraud program doesn’t mean automatic employee alienation. Studies show people act more ethically if they’re being watched. I think all QuickBooks CPAs hear staff express gratitude for helping prevent suspicion of fraud. Why? Because in samller companies, the staff usually has fraud ooptunities.

Unauthorized Borrowing – Carrot and Stick

Small business fraud often starts off small. Folks “borrow” money in a pinch, with intentions of paying it back. Who will know after all?  Then it becomes a habit.

Carrot; have an employee pay day loan policy. Stick; let folks know, explicitly, what your anti-fraud policies are. NO borrowing without express permission.

Setup QuickBooks to Combat Fraud

As a QuickBooks CPA I recommend:

  • Picking the right version of QuickBooks.
  • Turning on QuickBooks’ audit trail.
  • Looking at the QuickBooks audit trail.
  • Limiting access to parts of QuickBooks for employees through user profiles and passwords.
  • Scanning transaction documentation into QuickBooks e.g. bills, receipts.
  • Reconciling the bank accounts daily via online banking reports.
  • Looking at the QuickBooks bank reconciliations at least weekly.
  • Run surprise spot audits.
  • Recognizing that small business fraud transcends any accounting software.

We’re a QuickBooks CPA firm in Wilmington NC that offers QuickBooks setup and tutoring. Small business fraud prevention is part of our service. Optimizing QuickBooks for your particular business is what we do best. Then we enjoy showing you how to leverage all that powerful information in QuickBooks into managerial decisions. If you’d like a free initial phone consult with a QuickBooks CPA, call (910) 399-2705

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