Monthly Archives: April 2014

What You Need to Know About Filing an Amended Return and How a Tax CPA Can Help

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As per the IRS, filing an amended return allows you to make corrections to your original return, such as changes to your income, deductions, credits or filing status.  You usually don’t need to file an amended return if you’ve made a calculation error as the IRS automatically corrects any mathematical area. If you forgot to attach a tax form, like a schedule or W-2, you don’t need to file an amended return either as the IRS will send a request asking for the form if it’s necessary.

If you do need to file an amended return, the IRS requires sending in a paper return along with a copy of the original return, which is then processed manually. Going to a tax CPA for this is generally recommended as it may help prevent you from being audited. Amended returns have an increased risk of being audited. A CPA specializing in tax issues can help you to make the corrections and look over your originally filed return to see if there may be additional errors, possibly even saving you some money. a good tax cpa is hard to find, trust good accountants to help you out

Many people don’t realize or forget that amending their federal returns means they’ll also need to amend their state tax return. This requires looking into your specific state’s laws and following the instructions in order to make sure it’s handled correctly, but by contacting a tax CPA, he or she can help you to file amended federal and state return, making the entire process a whole lot easier.

Whether or not you choose to visit with a tax CPA, a form 1040X is required for filling your amended federal return. This is used to correct previously filed forms 1040, 1040A or 1040EZ. The amended return must be filed within three years of the date the original return was filed, or within two years from the date you paid the tax, whichever is later, according to the IRS.

If you need to amend more than one tax return, a 1040X will need to be prepared for each year, and mailed in separate envelopes to the appropriate address listed on the instruction. It’s also important to include the year that you’re filing on the top of the form as it can be used for multiple years.

Robert D. Wilkes: Featured Accountant in Indianapolis, Indiana

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accountant in Indianapolis, Indiana

Robert Wilkes -goodaccountants.com

Great news for residents in Central Indiana as Good Accountants is proud to introduce our next featured accountant who offers his services throughout the region. Robert D. Wilkes is an accountant in Indianapolis, Indiana who is not only a certified public accountant who holds a B.S. in Accounting and a Master’s in Public Administration, but he’s also a minister with a Master’s Degree in Divinity.

Robert is part of a husband and wife team jointly running Wilkes Accounting & Tax with his spouse Sue who holds degrees in education and accounting. Their combined educational backgrounds in addition to over twenty years of accounting experience make them uniquely qualified to help small business owners and individuals in a myriad of ways.

Just some of the services Robert and Sue can provide include small business accounting. As the owner of a small business, your time can be spent far more wisely than on keeping your own books. Wilkes Accounting & Tax can take care of your books so that you can concentrate on running your business and generating profits. They can reconcile your bank account to make sure that all of your records are in order so that you’ll know exactly how your business is doing. Unlimited consultations are available to ensure that you understand how to interpret and utilize all financial information that is provided.

Tax preparation, tax planning and solving tax problems are just a few of the other invaluable services provided. Robert D. Wilkes can also help preserve personal wealth through specialized financial planning that includes one-on-one guidance as well as a comprehensive plan to help manage risk, improve performance and ensure the growth and longevity of your wealth.

Some of the other beneficial services offered by Robert D. Wilkes include:

  • Accounting Advisory Services
  • CFO Services
  • Business Consulting
  • Bookkeeping
  • Cash Flow Management
  • Controller Functions

To find out more about Robert D. Wilkes and the extensive services he is able to provide, visit our Good Accountants featured profile. You can even listen to him speak about himself and what he can do for you. If you’re seeking a great accountant in Indianapolis, Indiana you can also get in touch with him directly here.

Darrel Whitehead: Featured Accountant in Huntington Beach, California

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Whether you’re a business owner or an individual in need of an accountant in the greater Orange County area, you’ll be happy to hear that our next featured accountant is Darrel Whitehead in Huntington Beach, California. He serves as the Executive Director of Darrel Whitehead CPAs, an accounting practice that performs tax, accounting, and administrative services. His firm is currently serving over 600 clients and maintains competitive differentiation by supporting business finance, IT, and platform accounting solutions for internet businesses.

Darrel Whitehead began his career at Arthur Anderson, moving on to a regional CPA firm, Singer Lewak in business management developing expertise in taxation and managing the business affairs of high profile clients in the music and entertainment industries.

He provides invaluable business advisory services through his team of CPAs with the belief that success begins with an in-depth understanding of each client, committing to thoroughly comprehending each client’s goals and objectives. With an outstanding ability to grasp complex circumstances and the details of the business and transactions combined with superior technical expertise, a comprehensive framework for developing innovative strategies and solutions results.

Darrel Whitehead understands that the work of an accountant is extremely important to a businesses’ financial health and that good financial records are also important in an individual’s life, particularly in regard to tax matters.  The firm’s Attestation Services Team possesses extensive experience in all types of business environments from small, entrepreneurial enterprises to large multi-national corporations, which uniquely qualifies the team to deliver audit, review and compilation services of only the highest quality and value.

It is Darrel Whitehead’s consistent professional and exceptional service that has led him to be the latest Good Accountants’ featured accountant.

In addition to business advisory services, Darrel Whitehead can provide numerous other services such as:

  • Audit Services
  • Elder Care
  • Internal Controls
  • Business Valuation
  • Cash Flow Management
  • Strategic Business Planning
  • Personal Financial Planning
  • Payroll
  • IRS Representation

To find out more about Darrel Whitehead and the extensive services he is able to provide, you can find him in our Good Accountants featured profile. If you’re seeking a trustworthy accountant in Huntington Beach, California you can get in touch with him directly here as well.

accountant in Huntington Beach, California

Darrel Whitehead -Whiteheadcpa.com

Anthony Candela: Featured Accountant in New York, New York

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accountant in New York, New

Anthony Candela -Goodaccountants.com

If you’re looking for an outstanding accountant in Manhattan, look no further than Anthony Candela. He is one of the top accountants in New York, New York and able to provide a wide range of accounting services throughout the area. Anthony Candela serves the Greater New York City area as a part of Candela & Associates, LLC, with a mission to provide bookkeeping, accounting, tax preparation and financial advisory services to small businesses as well as individuals. He serves as a primary resource and partner in all aspects of his clients’ growth and development.

Anthony Candela believes in an approach that involves becoming thoroughly familiar with each client’s situation in order to provide personalized, detailed attention that is necessary for success. He works with clients not only as an accountant, but as a strategic partner, providing above-and-beyond service to all clients due to his dedication to professionalism, responsiveness and quality.

Having graduated Summa Cum Laude from St. Francis College in Brooklyn, New York in 2002, Anthony Candela sat for and passed the Uniform CPA Examination in just one sitting, which is considered an especially rare feat. He earned his Master’s Degree in Taxation from Baruch College and is a member of the American Institute of Certified Public Accountants and New York State Society of Certified Public Accountants.

Some of the services Anthony Candela in New York, New York can provide include:

  • Cash Flow Management
  • Family Office Services
  • Financial Advisory
  • Part-Time CFO Services
  • Payroll
  • Tax Planning
  • Tax Preparation

Having been a managing member of Candela & Associates, LLC for the past eight years, Anthony Candela has a variety of experiences and a wide range of skills to help your business become more efficient and profitable as well as to help reduce tax implications by taking advantage of lesser known deductions and credits. He can help discover the perfect solution to resolve tax problems and all types of accounting issues through high quality, comprehensive services to business owners and individuals.

His quality services and high standard of professionalism has earned Anthony Candela an excellent reputation, which is why Good Accountants is proud to make him our latest featured account.

To find out more about Anthony Candela and all of the services he is able to offer, visit his Good Accountants featured profile. If you’re seeking a trustworthy accountant in New York, New York you can get in touch with him directly here as well.

AppNexus Gets a New CFO, Using CFO Services to reach IPO Goals.

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CFO services

picture from www.mandmglobal.com

Business Insider reports that AppNexus has made another step making it appear as if the company is getting ready for an IPO. They recently hired Jonathan Hsu as the new CFO/COO. Hsu has been an investment banker at JP Morgan, but more notably had been the CFO/COO and CEO of 24/7 Media while it was a public company and led it through its $649 million acquisition by WPP Group in 2007.

As a CFO has the ability to make a significant difference in whether or not a business can be taken to the next level, utilizing CFO services can be essential for its financial health and overall success, no matter what size the company is.

A smaller business typically has different needs than a large corporation, with the CFO often responsible for a wider range of tasks. Utilizing a professional firm like GoodAccountants.com that is able to deliver CFO services for small and mid-size companies as well as oversee their financial situations which can become more complex as they grow, can be extremely beneficial. While a smaller company may not have enough room on the payroll to hire a fulltime CFO, CFO services can be utilized as an effective strategy for making both long-term and day-to-day decisions without having to go over budget.

In the long run, taking advantage of these services can actually pay for itself by increasing the bottom line over time. The CFO can help devise revenue increasing strategies, enhance profitability and cash flow in addition to keeping track of day-to-day financial operations and working on a number of financial projects and tasks.

Without appropriate financial control, a business is destined to fail. A professional, qualified CFO can take an in-depth, critical look at the business to identify where cash is coming in and going out. A strategy can then be designed to ensure that the company doesn’t run out of cash by plugging leaks, and allow more cash flow to come in.

Even by engaging a CFO just on a part time basis, the commitment reveals to others that you are serious about your business and its future. It shows vision, good judgment, and that you are confident in your organization.  It helps to raise your credibility, and the impression of investors, suppliers and customers, giving stakeholders greater confidence in dealing with your company.