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 discusses how Sloppy Bookkeeping impedes Managerial Decisions

QuickBooks CPA discusses small business bookkeeping

Proper QuickBooks setup and consistent bookkeeping turns your financial data into a powerful managerial tool. Need a free consult on your QuickBooks business? (910) 399-2705.

QuickBooks CPAs see every way a company can mess up its books. While it isn’t a problem for us (we can fix almost everything in QuickBooks), it sometimes loses the Client opportunities to use its own bookkeeping for managerial purposes. This is one of my Dad’s (Gary Bode, CPA) pet peeves. And not without reason either! For once (wink).

Now, I’m not talking about mis-recording infrequent transactions, like say the purchase of a new vehicle with concomitant trade-in. I’m talking about mundane transactions like monthly phone bills and rent payments (if applicable).

I’m also not really talking about the IRS in this post, but they have to be mentioned. On the tax return, the IRS demands certain expenses be segregated out and reported separately. Like rent and advertising for example, even though they are both fully deductible, both for the company’s tax return, and the QuickBooks bookkeeping. Maybe so the IRS can better profile your return to find red flags. Nice. So we routinely look at the number of checks written for the year in these mandated categories, to ensure all of them are actually there, and not buried somewhere else, or, in the wrong year even. Meal expense is another IRS segregated category, probably for two reasons: it’s abused and only half of the actual expense is deductible.

“Sloppy small business bookkeeping impedes budgeting and cash flow management: essential processes during a Recession!”
Gary Bode, QuickBooks CPA and tax accountant

Here, finally, is what I am talking about. Let’s look at cell phone expense. It irritates me personally that I have to pay for all my cell carrier’s wasteful advertising. Am I on the fastest network, the most reliable one? Why is Hollywood on my bill? Rein it in, Sarah. The point is cell phones are generally a material expense, especially since most small businesses have multiple cell lines. And costs can be controlled, sort of, by modifying your plan or even switching companies. We look at your expenses aggregated over time. So if they’re not all in one QuickBooks account, what is an egregious expense can look OK, or at least as good as gets. You probably look at cell phone cost on a bill by bill basis. But, if it strikes you as high, it is hard to look back and compare previous bills if sloppy bookkeeping exists. So the business may lose opportunities to evaluate a controllable expense. And while we generate fees correcting sloppy bookkeeping, consistent bookkeeping is easy to do. My Dad says 95% of the QuickBooks bookkeeping for a business uses maybe 10 types of transactions, and he’s available to help with the other 5%.

So, sloppy QuickBooks bookkeeping can affect:

  • Your CPA fees.
  • Company cost control opportunities.
  • Increases IRS audit risk.
  • Impede budgeting and cash flow management.

How can we offer QuickBooks CPA services nationally?

As Client contacts from this website expanded into other areas of NC and then nationally, my Dad developed a digital toolbox to handle long distance bookkeeping and tax return preparation. We call this set of tools our virtual office. One tool is Cisco meetings. This allows my Dad and the Client to view QuickBooks simultaneously on his computer screen during a phone call. What a great teaching aid for QuickBooks setup and problem solving! It also circumvents some of QuickBooks marketing issues by allowing a non supported QuickBooks edition to remain useful.

How is Gary Bode, CPA qualified to help you with QuickBooks bookkeeping?

  • He’s taught QuickBooks online for Baker College. Also accounting and healthcare management.
  • He’s very patient with Clients. Why? He remembers how overwhelming QuickBooks can be.
  • He uses QuickBooks every day.
  • He’s worked with QuickBooks for 20 years.
  • He’s worked with every QuickBooks version; Basic, Premium and Enterprise.
  • He’s worked with many types of Companies using QuickBooks.

What types of QuickBooks CPA services do we offer?

We’re a boutique QuickBooks CPA firm that offers personalized QuickBooks services.

  • Help with deciding if QuickBooks is best for your business.
  • Helping the Client, with a new Company, to look ahead to see what QuickBooks issues need to be in place for future optimization.
  • Helping decide which edition of QuickBooks is best.
  • QuickBooks setup. Dad says it’s better to setup QuickBooks to show how the Owner, Member, Shareholders, Partners etc., intuitively think the Company’s finances. Usually that’s in terms of cash flow. Forcing accounting conventions on a Client who isn’t trained in them just seems wrong.
  • QuickBooks tutoring. If you have the time and patience to take a general QuickBooks course, that’s great. But you’ll spend time on issues your business doesn’t use. Our tutoring is specific for your Company. There’s less frustration and a lower learning curve.
  • QuickBooks support.
  • Dad says that any QuickBooks CPA eventually sees every way to mess it up. So they get lots of practice fixing QuickBooks issues.
  • Helping the Client use and develop managerial tools from QuickBooks data.

Please call us for a gratis initial consult on your QuickBooks based Company. (910) 399-2705.

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