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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QuickBooks CPA discusses the Days Cash on Hand Financial Ratio | Wilmington NC

QuickBooks CPA Wilmington NC

Gary Bode, CPA: your QuickBooks bookkeeping should be managerially useful. For a free phone consult call 399-2705.

Every QuickBooks CPA knows that hard work goes into your bookkeeping and accounting. Too often it is only used to interface with the IRS during income tax preparation. Here is an example of a tool Fortune 500 companies develop as part of a monthly performance dashboard. Days Cash on Hand is an “alarm” type of tool.

What is a Financial Ratio?

Two or more components, taken from the company’s accounting or Financial Statements, are compared to each other in the form of a ratio or percentage. Financial analysis uses dozens of standardized ratios. These can be benchmarked to past figures, other companies and entire industry segments.

“The Days Cash on Hand calculation indicates how long a company can continue to operate if its revenue was cut off. All components of the calculation are derived from the underlying QuickBooks bookkeeping.”
– Gary Bode, QuickBooks CPA Wilmington NC

Below 90  is an indication that the company’s liquidity could be jeopardized if revenue dropped suddenly. What is the ideal number? It depends. Too high implies less than optimal utilization of resources. If the company’s revenue suddenly declines, it usually takes a 90 days to develop and implement a turnaround plan. Remember the Days Cash on Hand is just one monthly tool and would be a part of a performance dashboard.

Days Cash on Hand = (Cash + Investments + Available Lines of Credit) / Average Daily Operating Expenses

I’m a QuickBooks CPA that believes your bookkeeping and accounting should help with managerial decisions. Our virtual office allows us to serve long distance and international clients; the physical office is in Wilmington NC. There are hundreds of postings on this site, many on QuickBooks bookkeeping, fraud, setup, training and managerial uses for QuickBooks. For a free initial phone consult, please call (910) 399-2705.

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