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 became totally and permanently disabled after a working for 44 years. I returned to college late in life (while working full-time) to fulfill my dream of becoming an RN and at that time found it necessary to secure student loans. Three years after being declared totally and permanently disabled my student loans were discharged. In January 2013 we received a 1099-C form declaring said student loans that were discharged however that amount could be considered as income for 2012. This was a large amount of money and we live on two pensions and social security income.

I started looking on the internet for information regarding 1099-C and felt that this was something that we could not handle alone. I made phone calls locally to a very reputable tax group in a city near us and they said it would cost $500 for an appointment and that they really prefer to do corporate taxes and they referred me to a local person who had worked for them at one time, we called and explained the situation and an appointment was made and then the comment was made that "I will have to do some research on this" and flags immediately went up and we called back and cancelled that appointment. I had been researching the IRSwebsite and every place else I could think of and I was not comfortable doing our own taxes this year. We called another local tax preparer that we had used in the past and made an appointment, however prior to the appointment, while still seeking information regarding our situation,

I came across a website for Gary l. Bode, MSA, CPA, PC in Wilmington, NC. I called Mr. Bodeand explained our situation and asked if he could help. He spoke very knowledgeably regarding the situation and stated that yes; he felt he could help us. As Mr. Bode was in North Carolina and we were in New York I scanned all of our documents including back-up documents for all of our claims and forwarded all to him. Mr. Bode kept in touch with us via email; we have spoken on the telephone several times and have become very comfortable with his knowledge and professionalism. Also, as I am a true "worrier" I have continued looking into information regarding our tax situation and I came upon another web page for Mr. Bode that included testimonials which spoke of his experience with this type of tax situation as it became prevalent during the recession. This reinforced in our minds that we had made the right decision in hiring this person as our tax preparer.

I share all of this as our taxes are now ready to be filed (we do owe tax for 2012 but not the astronomical figure we thought we were facing), and we are confident that they have been prepared with the utmost care by a gentleman who has an excellent working knowledge of the situation we faced and the tax laws that were applicable to said situation.

 

Bill and Carol

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 NC CPA discusses EFTPS

Gary Bode, CPA: we reccomend using EFTPS because of its convenience and built in record keeping

EFTPS, the Electronic Federal Tax Payment System is a free service from the U.S. Department of the Treasury.  Want the ability to pay your personal or company’s federal tax obligations 24/7/365 online or by phone?  Sick of having to make that 941 payroll deposit by 2 PM?  EFTPS allows you to schedule payments in advance!

Traditionally, payments for tax Form 940, Form 941, Form 1040, and Form 1040-ES (estimated tax payments) had to made through a bank or mailed in to the IRS.  Since no one wants to pay taxes early, this meant tight deadlines for a variety of tax payments. 

EFTPS Advantages: 

  • You can schedule payments in advance.  This translates into less stress and fewer late payments.
  • 24/7/365 convenience. Eliminates the need for real time deposits via a bank.
  • Security.  I’ve never heard of a problem with EFTPS since its inception in 1996.
  • Record keeping.  The site keeps an 18 month history you can always access.  An acknowledgment number can be printed while online, or it can be saved as a PDF file.
  • You can change or delete payments up to 24 before they’re processed.

EFTPS Disadvantages: 

  • Enrollment procedure.  This takes a little time and planning.  It requires an Internet password being mailed to you.  Figure on allowing four days before using EFTPS the first time.
  • The US Treasury Department has your checking account information.  Even if you must initiate all transactions, some folks don’t want their account information in government hands.
  • Like any automated payment, it has to be factored into cash-flow management somehow.  We reccomend entering the payment into the QuickBooks bookkeeping, in advance of the anticipated date of withdrawal, when the EFTPS payment is entered.
  • You have to be online.  Which can still be a problem in some rural areas.

Currently, if a company’s tax liability exceeds $200,000 in a calendar year, it must use EFTPS to pay it.   The IRS is pushing taxpayers into the computer age in many areas.  CPAs expect required use of EFTPS to expand. 

If you’d like a free initial consult on an accounting, tax or consulting issue, please consider calling us at (910) 399-2705.  We’re a Wilmington NC CPA firm offering a unique blend of expertise and customized personal service.  We primarily serve the greater Wilmington NC area, including NC counties: New Hanover, Brunswick, and Pender but have clients throughout NC and in multiple states.

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