Allen & Company PC

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The E Myth New Year’s Resolution

Make your business a success this year! Resolve to work ON your business as much as you work IN it.

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How to Control Prime Costs in Quick Service Restaurants

Since the Prime Costs make up a large portion of total expenses for restaurants, it's very important that restaurant owners know how to control them.

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What is the True Product of Your Business?

Transform your business into a prototype where systems run the business and the people run the systems.  Then your business can work predictably, effortlessly, and profitably each and every day whether you're there or not.

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10 Smart Ways to Reduce Your 2017 Taxes

Don't wait until the end of the year, when it's too late, to think about reducing your taxes. By having tax planning done before year end, you avoid getting unexpected surprises at tax time. Call our CPA practice today to get starteded with tax planning at (770) 428-6229.

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How to Avoid Steep Business Late Tax Filing Penalties?

Beware of steep late filing penalties for S Corporations and Partnerships.

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How to Prepare a Budget for Your Quick Service Restaurant

Creating a budget for your quick service restaurant may not sound like a fun thing to do and maybe even a little intimidating, but having a budget is crucial for you to be able to control your business finances.

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How Can You Achieve a Financially Secure Retirement?

When it comes to saving for retirement, time is your greatest asset.  Other considerations to save for retirement include knowing the sources of income you can depend on and estimating your financial needs in the future..

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Is Estate Planning Really Necessary?

The two biggest priorities for most people when planning their wills are taking care the special people in their lives and their assets.  Confidently prepare for the future by strategically creating a will, trust, or a comprehensive estate plan built to suit your needs.

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Is My Home Sale Gain Taxable?

The tax law allows for a pretty nice exclusion of the gain you may have on the sale of your home.

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How to Start With Dreams and Finish With Results

The fulfillment of dreams does not happen by chance.  Giving consideration to your ideal business and personal lives, practical goals can be generated that when reached will have resulted in the realization of your dreams.

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Learn the Key Components of a Good Business Plan

Statistics have shown that businesses survive at a much higher rate with a well-thought out business plan.  Business plans don’t guarantee success, but they certainly decrease the odds for failure. 

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10 Smart End-of-Year Moves to Reduce Your 2015 Tax Liability

The clock is ticking but you still have a few days before year-end to think about ways to reduce your tax bill.

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2016 Georgia Education Expense Tax Credit

Receive a dollar for dollar tax credit to offset your Georgia income tax liability while supporting the private school of your choice.  

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The Importance of Weekly Reports in Quick Service Restaurants

Take control of your restaurant's profitability by analyzing sales numbers and prime costs on a weekly basis. 

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Efficient Scheduling of Employees in Quick Service Restaurants

Efficient scheduling of employees in your quick service restaurant is highly important to control labor costs.  If your employees are idle at work or your lack of planning is causing frequent overtime pay, you’ll quickly lose money.  Even if labor costs are only 2% higher than they should be, that means that your net profit is 2% lower.

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10 Important Steps to Successfully Defend Your Business in an IRS Audit

Always be prepared to defend yourself or your business against an IRS audit.  Follow these steps and you’ll be in good shape even if the IRS selects you out for an audit.

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10 Red Flags on Your Return that May Cause an IRS Audit

While some tax returns are selected randomly for audits, the IRS is looking for anything that looks out of the ordinary on the return, deductions other tax payers typically have misused, mismatches of what’s being reported on the return and the source documents received by the IRS.  

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5 Important Steps to Evaluate Franchise Opportunities

Before you make the big decision to invest in a franchise, it’s important that you spend enough time researching and educating yourself so you can find the franchise that works best for you.

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How to Save for College

Are you prepared to pay for your kids' college?   Here are 5 good college savings options.

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5 Excellent Ways to Market Your Business

Many business owners view marketing as an expense, but the better way to think about it is as an investment.  

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Are You Hiring LEGAL Immigrants?

It is illegal for employers to knowingly hire aliens who are not authorized to work in the United States.  Employers who hire unauthorized workers or knowingly accept fraudulent documentation can face severe criminal and civil penalties. 

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Are my Kids’ Summer Camps Tax-Deductible?

Here are the tax rules that determines whether your child care expenses are tax-deductible or not.

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Tax Avoidance vs. Tax Evasion

Tax evasion may get you in prison and is heavily penalized with fines, but tax avoidance is legal.  A good CPA or tax preparer should give his or her clients sound advice and methods to reduce taxes while complying with the tax law. 

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Uncertainty for Restaurant Owners in 2015

2015 starts off with many uncertainties for business owners who are waiting to see what legislation President Obama and Congress will pass this year and how it will affect their taxes and responsibilities as employers.

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How the Affordable Care Act (ACA) will Affect Your Tax Return

We have put together a summary of what you as an individual taxpayer need to know about the Affordable Care Act (ACA) and how it affects your tax return.

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The Importance of Monthly Accounting – A True Story

Every business needs to have accurate and timely financial statements so they know how they’re doing and so they can plan for the future.  After year-end, there’s not much you can do to reduce your tax bill.

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10 Tax Planning Strategies You Don’t Want to Miss

Take action to reduce your taxes this year by implementing these easy tax planning strategies.

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4 Important Strategies When Pricing Restaurant Menu Items

Accurate pricing of menu items is vitally important for restaurants to succeed.  

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Take a Tax Deduction for Being Charitable

Things to keep in mind regarding charitable donations. 

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How to Reduce the Risk of Robberies and Violence in Your Restaurant

Measures to keep your employees and restaurant as safe as possible from violent acts.

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Are My Moving Expenses Tax Deductible?

Find out which moving expenses you can and can't deduct on your tax return.

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Employees Receiving Kickbacks from Vendors Hurt the Restaurant Owner

How restaurant owners can prevent employee theft in the form of vendor kickbacks.

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A Business is What it Charges

Don't want to to be the low-cost provider always competing on price?  Focus on the value of your product and services and avoid discounting.

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Want Tax-Free Income?  Consider Opening a Roth IRA.

Reduce taxes in retirement with a Roth IRA.

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Is Your Company a Victim of Cash Theft?

Based on a report by the Chamber of Commerce, three out of four employees will be stealing from their employers this year. 

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5 Ways to Increase Your Net Profit Margin

A successful business needs to have a positive net profit margin or it won’t stay in business for long.

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How to Motivate Your Restaurant Managers

Managers who receive incentive compensation will be more invested in the restaurant’s success.

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Selecting the Right Business Entity Type

Should your business entity type be a Sole Proprietorship, Partnership, Corporation, or an LLC?

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Should You Throw Out Your Old Tax Returns?

A taxpayer's guide to spring cleaning and record keeping.

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Fast Food Workers’ Unrealistic Demands for Higher Wages

With the tight profit margins the franchise owners of fast food restaurants are already facing, a 100% increase in the minimum wage is unrealistic.

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Franchised Restaurants’ Economic Growth with Obamacare Looming

2013 seems to be the year of recovery from the Great Recession in the restaurant business with promising pre-recession growth, new-store openings and higher sales.  Despite the positive economic growth trend, the big issue and worry for many restaurant owners is Obamacare.

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Has Your Franchised Restaurant Become a Financial Nightmare?

Consider the following to improve your franchised restaurant’s financial condition.

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Dark Chocolate and Allen & Company are Good for You

My wife, Kristin, recently began buying granola cereal with berries. And dark chocolate. The cereal doesn't last very long as our daughters eat it for breakfast, lunch, and sometimes dinner. Dark chocolate, while high in fat, has several healthy benefits. And that's why our CPA firm, Allen & Company, keeps dark chocolate on hand for our clients.

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