The Importance of Hiring An Accounting Firm for Small Businesses

A high-quality accounting
firm will address the payroll
concerns of your company.

For any Georgia business to survive in the ever turbulent corporate arena, it has to build on a firm and sensible foundation. One fundamental building block is locating the right accounting solutions in Atlanta, Georgia.

Many small companies make the mistake of assuming that taking on payroll and accounting roles themselves will save money. What most small business owners do not know is that high quality Atlanta accounting services are surprisingly affordable for small to medium size companies.

Once your company makes the decision to hire an accounting firm in Atlanta, Georgia, you could soon discover that the investments.....


READ MORE > GBC Tax Services Website
For All Your Accounting Needs Call GBC Tax 678-366-9232

How Hiring A Payroll Processing Company Helps Small Businesses

Make more time to grow
your business---hire a payroll
processing service company.

Anyone running a small business knows that keeping things on an even keel can be difficult to juggle on a daily basis. For this very reason, it pays to investigate business-friendly accounting options like Atlanta payroll services.

While the idea may appear financially daunting, payroll services in Atlanta, Georgia, can be surprisingly affordable as well as a great benefit to companies looking to take their investment to the next level.

There are numerous aspects of business that one can take for granted, but if one important aspect is neglected, it can throw everything else off balance. By retaining payroll services in Atlanta, Georgia, a company can eliminate one corporate hassle, allowing the business owner and partners....

READ MORE GBC Payroll Processing Services Website
For All Your Accounting Needs Call GBC 678-366-9232

Part 1 of 2 - What to Do During an IRS Audit – The Do’s and Don’ts

It's Never Too Late -
Call NOW
678-366-9232

An IRS audit can be stressful. Consider this article a bit of IRS assistance, a bit of wisdom to help you out if your business is experiencing an audit. There is a lot of complexity when it comes to laws and polices relating to an IRS audit, and most business owners frankly are just too busy to go out and understand them all while still running a business trying to make an honest buck. If you find yourself in that camp, you may want to just skip this article and go hire some IRS representation right now. It will save you a lot of time and headache, a good place to call is GBC Atlanta Income Services if you are finding yourself in the midst of an IRS audit and you just do not have the time to take care of it all by yourself. With that said, let us get into what you SHOULD do and what you SHOULD NOT do when you are running into some possible IRS trouble!

• All employees should be instructed not to talk to the IRS agent if the audit takes place at your place of business.
• 10 Days prior to the interview with the agent send him or her a formal letter stating you will be recording an audio of the interview. A special note to avid camera people, videos are not allowed.
• If the IRS audit brings up things you do not have the knowledge of, immediately seek out a CPA (certified public accountant) or attorney.
• Only give files to an IRS agent that is actually related to the IRS inquiry. By volunteering files or records, you may open up a whole new can of worms you would rather not have to deal with.
• Get a thorough understanding of your tax returns and then organize the files that support the items questioned by the IRS audit.
• Before the examination, come up with various settlements that you are comfortable accepting so you have backup plans to work with incase of any lingering IRS trouble.
• Do not be afraid to seek out good IRS representation, as this can save you a lot of time and money.

Use these tips to fit your own business accordingly. It should be noted that there are a few penalties that can be transpired against your business depending on the outcome of the IRS audit. Some of these are pretty brutal. Because of these penalties, it is imperative you either understand what you are doing thoroughly or hire good IRS representation that does understand what they are doing.

Next month we will cover some of the penalties you will face due to an IRS audit.

Call GBC Income Tax Services today at 678-366-9232 for all your tax and IRS needs!
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READ MORE

• GBC Tax Offer Atlanta Experienced IRS Representation
• Essential Financial Services
• Tax Requirements By State
• Visit the Internal Revenue Service's Website
• Why Hire a CPA Listed with the BBB

Part 2 of 2 - Why Having Proper Tax Records Now Will Save You Big on an IRS Audit Later

FILE EVERYTHING -
RIGHT AWAY!

Remember: Keep your tax records straight! Make sure everything is filed away right! For people who are reading this and are the proud owners of messy offices and come equipped with office paper with a little bit of desk underneath, this simple task may seem overwhelming large for you right now. The keyword of course is- right now.

How to avoid any IRS trouble: Maintain at least three years worth of tax returns and records

• Make sure all taxable investments or property have their cost basis tracked.
• Put all your bills in organized folders (which are in turn organized so you can easily find them, i.e. not laying on your desk gathering dust for months being swallowed up by other paper work)
• Categorize all of your receipts from purchases throughout the year.
• Maintain a ledger for all checkbook stubs
• Use a journal to keep track of all deductible items that you attain as you attain them. (Beats trying to remember what you had that was deductible at the end of the year!)

All of these will become your battalion of defense in an IRS audit. This IRS assistance is some of the most powerful and easiest things you can do right now to avoid any IRS trouble. With all of that being said, hiring good IRS representation is still a great idea even if you are already doing this. Dealing with an IRS audit has a lot of complexity, which most of that complexity is wrapped up in various law and bureaucratic policies that can get you in IRS trouble if you overlook it. No worries though, there are fantastic IRS representation services out there that you can use right now to take your mind off the whole situation.

One of the best IRS representation services out there to help you wade through an IRS audit is GBC Atlanta Tax Income Services, give them a call right now and prevent anymore grey hairs from forming on your head.

Call GBC Income Tax Services today at 678-366-9232 for all your tax and IRS needs!
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READ MORE

• Atlanta Income Tax Preparation Services
• Tax Requirements By State
• Commonly Used Tax Forms
• GBC Support and Consultation

Part 1 of 2 - Why Having Proper Tax Records Now Will Save You Big on an IRS Audit Later

KEEP YOUR RECORDS STRAIGHT

No one likes an audit, especially an IRS audit. However, getting an IRS audit is only a matter of time, more of a question of when rather than If, so you should be prepared. The best way you can possibly prepare for an IRS audit for your Atlanta business (or any business for that matter) is by doing one very simple task.

Keep your tax records straight! Make sure everything is filed away right! For people who are reading this and are the proud owners of messy offices and come equipped with office paper with a little bit of desk underneath, this simple task may seem overwhelming large for you right now. The keyword of course is- right now.

By doing this, you ensure yourself the greatest chance of avoiding any IRS trouble that may be in your future. Sure, it might seem like a major hassle right now, but you will thank your past self for their amazing foresight when it comes time for your inevitable IRS audit. The great thing is once you do this once, get all your records straight, and use your shovel (or forklift loader depending on your situation) to remove all those papers and records from your desk into actual systematic filings, it is going be easy sailing from here on out.

Once the first big mess is done and filed, you can make a routine of doing it. Once it becomes habit, keeping your tax records up to date and accurate will be a simple job that will only take a few minutes for you to do. The important thing is to do it now.

Next month we will cover some of the things you want to look for and file correctly to avoid any IRS trouble.

Call GBC Income Tax Services today at 678-366-9232 for all your tax and IRS needs!
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READ MORE

• Atlanta Income Tax Preparation Services
• Tax Requirements By State
• Commonly Used Tax Forms
• GBC Support and Consultation

Part 2 of 2 - The IRS Audit Monster – What Are the Chances of You Running into the Beast?

Avoid the headache -
Hire Real IRS Representation

The top 10 signals that send out red flags that alert the IRS audit monster to your business:

• Inaccurate W-2/1099 reporting
• Itemized deductions that are overly excessive
• Hiding your cash receipts
• Large charitable deductions
• Informant
• Large business expenses
• Previous history of tax problems or IRS audits
• Complex investment transactions
• Complex business transactions

Depending on your business, you may have some of these red flags already lurking in your business. Some of them might be there and you may have no idea they exist until you get some real IRS assistance. Getting real IRS assistance means hiring real IRS representation, not just “googling” for answers that can help you solve your IRS trouble. Instead, get a professional who knows all the policies and laws for your area.

One of the best firms around when it comes to IRS representation is GBC Atlanta Income Tax Services, think of them as the light that can help frighten away the IRS audit monster.

Give GBC Atlanta Income Tax Services a call right now for the proper IRS representation and avoid the headaches of any further IRS troubles.

Call GBC Income Tax Services today at 678-366-9232 for all your tax and IRS needs!
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READ MORE

• GBC Tax Offer Atlanta Experienced IRS Representation
• Essential Financial Services
• Atlanta Income Tax Preparation Services
• Visit the Internal Revenue Service's Website