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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Wilmington Accounting Firm discusses NC Sales Tax Issues

NC Sales Tax issues discussed by a Wilmington NC accounting firm

Gary Bode, CPA: NC taxation impacts your bottom line! If you'd like a gratis initial consult, give us a call at 399-2705.

NC seems to have lost a round in the battle with Amazon.com over collecting sales tax on their Internet sales, but the news reports are vague about the actual settlement.  The ACLU was involved, so Amazon won’t supply specific info on titles or materials ordered by NC customers, as this violates our first amendment rights.  But will they start collecting sales tax for NC?  The Wilmington Star reported NC paid out $99,000 in legal fees.  In a related Texas development, Amazon has pulled a fulfillment center there because the TX DOR maintained this center gave Amazon a physical presence in Texas (nexus), and therefore Amazon had to collect and remit sales tax for and to them. 

Most of our clients have simpler NC sales tax preparation issues.  If you’d like a gratis initial consult with a CPA in a Wilmington NC accounting firm, give us a call at 399-2705.

 Amendments to NC Sales Tax attacked as Unconstitutional

 A group of Internet travel sites is suing NC over amendments to the Sales Tax laws, that came into effect on Jan 1, 2011, as unconstitutional and violating the Internet Freedom Act (per the Seattle Times). 

Basic Issues – Use Tax and Sales Tax

For years NC has required residents to pay Use Tax on un-taxed internet purchases.  Use Tax is just an alternate version, in this case, of the Sales tax.  Compliance has been predictably poor and NC is losing more revenue as Internet sales expand into traditional retail sales.  And doing the government’s work incurs expense and liability for the affected businesses.  NC has 100 counties, with multiple Sales Tax rates.  It doesn’t take a CPA or accountant to see this is a nightmare for a small business to track, collect and remit.  Businesses are protesting.  On the federal level, Congress just repealed legislation that would have required businesses to prepare excessive numbers of year end 1099s.

The Future

The Form 1099 backlash is just a ripple in an ocean of IRS and NC mandated responsibilities for the business sector.  If retail outlets have to comply, the Internet stores shouldn’t be exempt.  And it is unlikely NC will repeal our Sales Tax.

“I see Sales Tax on Internet purchases becoming increasingly pervasive.  NC needs the revenue.”
Gary Bode, Wilmington NC accountant and CPA

We’re a Wilmington NC accounting firm that understands NC taxation.  Many accountants concentrate on the federal issues, but NC taxation is complex and impacts your bottom line.  Please read any of our posts to get a better feel for our proactive attitude and expertise.  Of course we offer tax preparation, payroll processing services, financial accounting, QuickBooks training and business consulting.  For a free initial consult with a CPA accountant, please call us at (910) 399-2705.

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