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.

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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

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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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Wilmington NC Payroll Service discusses new 401(k) Disclosures

Wilmington NC QuickBooks training

Gary Bode, CPA: Our payroll service philosophy is make your company as self sufficient as you wish it to be, usually through QuickBooks training and support. For a free consult, please call us at 399-2705.

Three new 401(k) disclosure requirements and a proposed fourth one might increase 401(k) plan administration costs up to 5%, according to an article on CFO.com.  And this at a time when employee benefits are already a huge burden for cash strapped companies pulling out of the recession.  But the requirements have to be balanced against their potential worth and two of them are aimed at providing more information to 401(k) participants.  As a CPA, I know some pension and retirement plan administration costs are essentially hidden, which in my opinion, is unethical.  This is similar to what brokerage houses do, where your sale of securities is shown net of their fees. 

Here the disclosures are:

  • The DOL now requires plan providers to disclose to the government more information on their direct and indirect compensation for administering plans.  OK, the government continues to impose burdens on companies willing to offer employee benefits.
  • Effective on January 1, 2012, a similar rule mandates disclosure of this same information to plan sponsors.   Alright, hiding fees to the employers is just wrong.   Again, as a CPA, I’ve wrangled with some of these 401(k) plan administration folks who sorta kinda, in some cases, claim they don’t know their own fees!
  • Starting November 1, 2011, plan participants must be informed of fees charged to them within the plan’s investment options, and the historical performance and applicable benchmarks for every investment option.  As a CPA, I’ve heard employees gripe about this issue often, and they usually feel the employer is hiding something.  So ironically, animosity is falselyengendered over employee benefits.
  • A proposed 401(k) disclosure involves an annual “annuity equivalent” estimate to plan paticipants.  Apparently this is to help employees understand the future cash flow value of their 401(k) versus buying an Annuity policy now.  Sorta kinda like that Social Security statement that you get in the mail every year does, projecting your monthly Social security benefit under different conditions.

We’re a CPA Wilmington NC firm offering payroll services.  But our underlying philosophy is to make your company as payroll self sufficient as you’d like it to be which usually means QuickBooks training, QuickBooks setup and followup support.  If you’d like a gratis initial consult with a Wilmington NC CPA and payroll tax accountant, please give us a call at (910) 399-2705.

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