We Prepare Tax Returns!

We prepare most type of tax returns:


S Corporation.

C Corporation.




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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S Corporation CPA comments on Purchase Order Financing | Form 1120-S

S Corporation CPA Wilmington NC discusses Purchase Order Financing

Gary Bode CPA: S Corporation CPAs often help with financing options. For a free phone consult call (910) 399-2705.

S Corporation CPAs often facilitate financing for their clients. Purchase order financing is an asset based lending strategy; an alternative to the traditional loan. Generally, asset based financing relies on the value and quality of the collateral, not your S Corporation’s credit rating. Asset based financing became more common during the recession. Other examples of asset based financing include accounts receivable Factoring and Revolver lines of credit.

Purchase Order Financing

The typical scenario is an S Corporation snagging a dream order from that dream customer. Often the S Corporation views it as a growth step up to their next level of business. So there’s a strong  incentive to fulfill the order. But, there’s also a dilemma. You need additional resources to complete the order. Purchase order financing is more of a blend between asset based financing and a traditional loan. The actual blend depends on:

  • The terms of the Purchase Order.
  • The reputation or financial strength of the customer.
  • Your credit rating.
  • S Corporation assets.
  • Your track record.

Hassles with Purchase Order Financing

  • You’re sometimes forced into a secondary finance market. So fees and interest are high.
  • Terms are restrictive.
  • They’ll probably require a lockbox; the customer essentially pays your lender.
  • You sort of get only one chance here, so be sure to forecast your cash flow accurately. Growth is great, but there are pitfalls.
  • Shareholders may have to co-sign.

We’re an S Corporation CPA firm with  a virtual office to accommodate long distance clients. We operate as an S Corporation ourselves. So we try to keep up with all the managerial and tax issues of S Corporations.  Of course, we prepare Form 1120-S. If you don’t have a local S Corporation CPA, or just like what you read, please consider calling us for a free phone consult at (910) 399-2705. Please read any of the hundreds of posts on this website to help evaluate our abilitiy and philosophy.

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