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 have been using TurboTax for years but encountered an investment situation that TurboTax is not designed to handle. After searching the web for local CPAs/Accountants and chatting with a couple on the phone I was unable to find someone locally with sufficient experience in my particular situation with whom I felt comfortable. Deciding to broaden my search beyond my local area I discovered Gary's website and a detailed discussion with options pertinent to my situation. During a brief phone conversation, Gary answered all of my questions, explained how we would exchange information online and gave me an estimate for preparing my current tax return and an amended return. It was a pleasure working with Gary. He delivered everything he promised with no surprises.

Hank Varno, Purcellville, VA

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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Tax Audit CPA provides Tips on Sales Tax Audits

Sales tax audits are on the rise during the Recession.

Factors that Increase the odds of being selected for a Sales Tax Audit

I think most sales tax audit CPAs agree that random tax audits are rare. The limited resources of the State almost force it to use data mining to select audit candidates.

  • History of non-compliance, like failure to file, late filing, slow paying, etc.
  • Business closure or bankruptcy. Yes, a sales tax audit is still possible after you close the business.
  • Change in sales. Remember your State can easily track your sales over time and compare it to similar businesses.
  • Running a business that deals with cash sales.
  • Not including Use tax. Use tax is sales tax you pay the State, generally, for online purchases from other States.
  • Maintaining a toxic work environment that creates whistle-blowers.

Conversely, participating in a State amnesty or voluntary disclosure program, if available, may prevent a sales tax audit.. Talk to your tax audit CPA first.

Keeping your Sales Tax Audit costs down

  • This first tip may be too late. Tax audit CPAs recommend keeping good records. Assume you’ll be audited eventually. Not only is reconstruction of records costly, it may lead to an undeserved tax bill at the end of the audit.
  • Your State may demand a copy of your accounting or POS software file. It may seem illogical, but this could save sales tax audit expense if your auditor finds no tax avoidance scheme. Consult your sales tax audit CPA first, of course. Don’t be too anxious to offer up the software file. I usually ask for more time so I can check it first. Why? To proactively explain any accounting convention your company uses to the auditor.
  • Work with the auditor to minimize the audit process. Sales tax audits use statistical sampling as it’s not economically feasible to check every transaction. Sometimes your CPA can limit the number of transactions, the type of transactions and the associated time frame the auditor uses.
  • Signing a waiver on the statute of limitations. Consult your sales tax audit CPA on this issue. Sometimes signing it is prudent and can save audit costs.

I’m a sales tax audit CPA. Audit prevention is always best. The next best thing is obeying the State’s sales tax laws, so there is nothing to catch during an audit. But if you are selected for a sales tax audit, consider calling us for a free phone consult at (910) 399-2705.

 

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