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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.

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Amended Tax Return and IRS Resolution

I was initially worried about picking someone off the internet but your testimonials sold me so I would more than happy to assist and hopefully the next person will be at ease choosing to utilize your services. I am pleased to write you to let you know I received a response from the IRS in response to the schedule C you assisted with filing. They responded saying the information supplied was sufficient and they have closed discrepancy. I spoke with the IRS and they said no tax is due. I asked even though I did make a $400 profit and they said again no tax liability is showing that the case was closed. I just wanted to thank you again for your assistance with this issue.

Jason Stoltz

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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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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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