How to Choose a Small Business Accountant

Choose the right professional
small business accountant.

What type of tax accounting services do you need?

Perhaps your needs are simple. For example, if you are a one-person start-up that has no immediate plans to expand, the services of a bookkeeper may be sufficient - and this approach will also keep expenses low.  

Bookkeepers handle day-to-day cash flow management by recording transactions such as purchases, payments, sales and receipts using bookkeeping software.

If keeping track of this information is not your idea of a good time - but you do not need any further financial services - a bookkeeper would fit the bill. After all, you can always hire an accountant for specific tasks such as end-of-the-year tax planning and preparation.

For example, many small business owners are finding that an accountant can help them navigate the increasingly intricate payroll accounting and reporting system, with may be organized using business finances software.

If your original list of required services includes tasks such as budget analysis, financial planning or consulting, a certified public accountant (CPA) may be the right choice. Unlike an EA, a CPA has passed additional state examinations and fulfilled continuing education requirements. They are proficient with business finances software and can handle a wider variety of services. For example, audits and loan application necessitate the services of a CPA. In addition, these professionals can benefit a small firm by acting in an advisory role. Depending on a company's priorities, this level of expertise may be viewed as indispensable or as an expensive indulgence.

READ MORE >> SMALL BUSINESS.INTUIT.COM: Choosing A Small Business Accountant

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For All Your Accounting Needs Call GBC 678-366-9232

TAX BREAKS: Medical Expenses and Health Savings Accounts

Use the funds the year
without penalty.

If you have a high-deductible health insurance plan, there’s another option (aside from FSA or Flex-Spending) in the alphabet soup of savings accounts that might help you save on medical costs: a health savings account (HSA). A high-deductible health insurance plan means that the amounts you are required to pay out of pocket – on top of premiums – meet certain thresholds. For 2014, those are $1,250 for an individual or $2,500 for a family.

Under the terms of the HSA, you can contribute pre-tax dollars (directly from your paycheck) of up to $3,300 a year for an individual or $6,550 for a family into the account (for those 55 and older, the contribution limits are up to $4,300 for an individual and $7,550 for a family).

You can withdraw these funds tax-free so long as you use them for qualifying medical expenses.

Unlike the FSA, the HSA is not a use it or lose it account: the funds simply roll over at the end of the year. You can use the funds the next year without penalty – and you can top it up – so there’s no guesswork involved in funding.

READ MORE >> FORBES.COM: "Back to School 2014: Medical Expenses and Health Savings Accounts"

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•     About GBC Services
•     Visit the Internal Revenue Service's Website

Essential Guide to Avoiding Tax Audits

Avoid problems at tax time.

A few simple tips to help you avoid a tax audit:

A tax return with lots of round numbers.
$1,200 in travel expenses or $1,500 in charitable contributions — suggests that you're just estimating those claims, and the IRS loves to go after people who don't keep good records. You don't need to include cents, but use the closest accurate dollar amounts, such as $1,260 or $1,525.

If you use a software program, do not use its e-filing feature.
If there's anything that might leave an IRS officer wondering. Print out your return and attach an explanation statement and mail it in. A new feature this year is that you will able to include PDF attachments with certain forms. Ask if your software supports this.

Sloppy arithmetic on a paper return can flag an audit.
People list correct numbers but on the wrong line. So make sure sums are not only correct but in the correct place.

READ MORE >> AARP.ORG: 9 Tips To Avoid Tax Audit

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

GBC Services Is Your Professional Go To Comprehensive Accounting Services

Professional accounting services
helps small businesses succeed!

There are many consulting firms that promise comprehensive Atlanta accounting services, but not all are the same. Indeed, if you are in the market for someone to take care of the tax and payroll aspects of your business, it pays to investigate the company you decide to work with.

Think about it. Anyone handling your company's finances is handling the life-blood of your business. Would you hand that responsibility over to just anyone?

Selecting the right accounting solutions in Atlanta, Georgia, may seem a bit challenging at first...

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

Certified Public Accountants - Here For Your Tax Needs In Atlanta

Ghassan R. Ghraizi, CPA

Currently leading financial operations at GBC SERVICES, LLC., Ghraizi's experience  is varied and extensive. 

Ghassan R. Ghraizi's skill set as a Certified Public Accountant is as comprehensive as his years of experience.  To date, Ghraizi's CPA services include:

•    QuickBooks cultivation alongside traditional  ledger keeping
•    Payroll preparation, accounting and management
•    Income tax preparation, analysis  and timely  filing
•    The  establishment of  Human Resource Management systems
•    Time sheet development and workers compensation reporting

KNOWLEDGABLE AND DEDICATED

When seeking the assistance of a Certified Public Accountant, experience is key. Ghraizi has the education  and proven commitment  to  providing superior customer service and cutting edge accounting technologies.

Online Payroll Processing and Human Resource Management System Specialists


Atlanta Georgia Income Tax Preparation,
With GBC Services income tax preparation services, you can rest assured that your taxes will be done right and on time every time.
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READ MORE about his experience and skill set: 

Use Your Time Wisely---Hire A Payroll Service to Take Care of All Your Payroll Needs

GBC offers collaborative payroll 
services for every business need.

There are numerous benefits to hiring an accounting firm offering payroll services in Atlanta that many small businesses may not be aware of.
While on the surface it appears that doing payroll, taxes and other accounting-related services yourself saves money, in reality, this simply may not be the case.


READ MORE at GBC Payroll Processing Services Website

If a good portion of your day is spent taking care of time-consuming enterprises like bookkeeping, ledger balancing, and employee worksheet maintenance........
We Meet All Your Accounting Needs
Call GBC 678-366-9232