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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S Corporation CPA discusses Risk Management | beyond IRS Form 1120-S.

S Corporation CPA  discusses Risk Management and Form 1120-S

Gary Bode, CPA: I operate as an S Corporation, so you know I keep up with emerging issues. (910) 399-2705.

S Corporation CPAs help bridge whatever skill gaps exist in our corporate clients. Without a trained CFO, or a staff CPA, some areas of S Corporation management go untended. When allowed to do so, most S Corporation CPAs go beyond Form 1120-S preparation and try to help where they can. After all our success depends on your success. My personal perception is that smaller companies sometimes profit from the tools Fortune 500 companies use.

Risk management has multiple perspectives and frame works. Your S Corporation already addresses some of these areas like limited legal liability. Various groups have defined Risk Management:

  • COSO -Committee of Sponsoring Organizations of the Treadway Commission.
  • CAS – Casualty Actuarial Society.
  • ISO 31000 – internal risk management standard.

Common Risk Management Activity

  • Cash Flow: predicting cash flow crunches and devising how to avoid them. Your S Corporation CPA can help with this. Budgeting, capital needs etc.
  • Internal Controls: these procedures help prevent things like embezzlement. Conversely, internal controls insure financial and accounting transactions are properly recorded.
  • Tax: commonly this is a subset of overall governmental compliance. It includes tax planning, Form 1120-S, sales tax, payroll taxes, credits etc.
  • Legal: staying abreast of new regulatory standards that may affect the company. Obviously contract control and litigation fall under this category.
  • Insurance: I think most S Corporation CPAs discuss best outcome/disaster scenarios with clients. And then try to balance insurance and assets for the least expensive and optimal coverage.
  • Credit Management: this is your customer credit management policies like periodic re-evaluation of existing customers. I include protecting your S Corporation’s credit rating. One idea? Track your Liquidity Ratios over time when you anticipate a bank loan.
  • IT: guarding your company’s data.
  • Currency Fluctuation: more S Corporations conduct international business today than in the past.
  • Personnel Safety: looks at what could physically harm employees and how to prevent it.
  • Asset Safeguards: safes, security systems etc.

I’m an S Corporation CPA with a virtual office that allows great client service wherever they are. We operate as an S Corporation, so I stay on top of emerging issues. I’m proactive by nature, so risk management is something we look at for our clients. If you don’t already have an S Corporation CPA, or just like what you read, call us for a free phone consult at (910) 399-2705.

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