New Client Information

• Click Here for a Welcome Packet  

Individuals

• The following is a list of questions that allows us to locate tax deductions in order to minimize a tax payers tax liability. 
  • Questionnaire
  • Individual Taxpayer Organizer
  • Sole Proprietorship
  • Rental Property

• See the attached document to determine whether the withholding allowances on Form W-4 should be updated. Click Here 
• If you would like GDC to prepare a Gift Tax Return (Form 709), please complete this questionnaire. Click Here
• The following documents will provide information related to the following items:
  • Charitable Contributions
  • Identity Theft Checklist
  • IDENTITY THEFT INFORMATION
  • Fair Market Value Guide
  • Business Entity Chart
  • Taxable Social Security
  • Sale of a Principal Residence
  • Tax Deductions – Homeowners

Businesses

• The following is information related to deducting travel, meals and entertainment costs. Travel, Meals, and Entertainment
• What kind of financial statement service do I require. Financial Statement Services Guide
• See the attached article regarding fraud in a business setting. Click Here
• How long do I need to maintain my payroll records.  RecordsRetention
• Here is some information regarding cost segregation in the event that commercial real estate is purchased. Acquisition for Commercial Real Estate
• Here is some information to help you decide if you are hiring an employee or an independent contractor. EMPLOYEE vs. INDEP. CONTRACTOR
• • If you need to determine if a vendor you are paying needs a 1099, see attached.  1099 Ltr
• See link for National Compensation Matrix Tool (NCM)- AASHTO AUDIT GUIDE- CLICK HERE!
• Forms utilized, W-4, W-9.
  • Form W-4    fw9
• Here are instruction to create an accountants copy within Quickbooks.  Please select one of the following based upon the version of your program.
  • Instructions for QB’s Accountant’s Copy (v 2014 and earlier)
  • Instructions for QB’s Accountant’s Copy (v 2015)
• What type of entity should you be:  
  • C Corporations
  • S Corporations
  • LLCs and Partnerships

Exempt Organizations and Non Profits

• Please see the attached related to protecting your tax exempt status.    Non profit exemption
• The attached is information includes ratios that have been established for Not For Profit entities such as: Financial Health Indicator, Stewardship Indicator and Fund Raising Efficiency. NON PROFIT RATIOS

CPA FIRMS – SYSTEM AND ENGAGEMENT REVIEWS 

• STATE of Florida (FICPA) Regulatory Peer Review Requirements: Click Here.
• AICPA Firm number information form for Peer Reviews. Reviewer Selection Form
• Team Captain Resume: Click Here
• Documents needed during a SYSTEM peer review:  
  • System Review Required Licensure Inquiries
  • System Review Required Engagement Summary
  • System Review Required Inquiries System-Quality Control Materials
  • June2021-4100-Inst-Firm-Sys-Rev
  • January2017-4700-Staff-Qs
  • 4750 Managing Partner-Chief Executive Officer Interview
  • SYSTEM Peer Review Info request
  • Peer Review Questionnaire
• Documents needed during an ENGAGEMENT review:
  • Engagement Review Required Inquiries
  • May2015-6100-Instructions to Firm-Eng Rev
  • Peer Review Questionnaire