Skip to main content

The CPA Superhero


Jeff Haywood, CPA
The CPA Superhero
jeff.jhtaxes@gmail.com
217-923-8007

Jeff Haywood, CPA, aka The CPA Superhero, based in Charleston, Illinois, serves clients all over the world, providing income tax preparation services, business consulting, and CFO services. 


What makes me the CPA Superhero? 

Most of my clients are very successful, creative, drivers with a need for someone to help them that provides a stable viewpoint and helps them deal with the ever increasing reporting and filing requirements that this world requires. So in a "nutshell" I provide a balancing affect for successful entrepreneurs.

While the main services I provide are preparing various income tax returns, business consulting and CFO Services, the real value I provide manifests itself in the conversations I have with my clients and the relationships that we grow. My more successful clients have frequent communication with me throughout the year. In reality, there is a connection between the frequency of our communication and success. 

So if you want help achieving success and dealing with the stresses that come from conducting business and/or investing in this crazy world today, then contact me, The CPA Superhero.

Background

As you would imagine, The CPA Superhero has an unusual background. I started out in the corporate world as a Financial Analyst helping corporations use their financial statements to manage their business, create goals, and take advantage of opportunities. I worked with company directors in various departments to help them understand their numbers, plan for the future, and develop proposals for investments that would help the corporation succeed. Unlike typical accountants, much of my work involved communicating with the officers of the companies I worked for and making quarterly presentations at a meeting of the corporate officers. 

In 2001 I switched to public accounting, preparing tax returns, but still working with clients to help them understand the numbers, plan for the future, and analyze and develop strategies to take advantage of opportunities that present themselves.

Specialty Niches

While my focus is on business owners and investors, I have a few specialty niches that I have developed and they are Agriculture, Oil and Gas, Software/App Developers/Programmers, Restaurants, and Expats. Both Farming and Oil and Gas have very unique accounting and tax requirements that require a real specialization. The same is true for Expats (U.S. persons residing in a foreign country). My wife and I lived in Mexico for six years and I developed a competency for doing returns for individuals in the same circumstances and now have clients around the world in this area. So, if you are looking to help in one of these niches, contact me today to set up an appointment to discuss your situation.

Contact The CPA Superhero 

Contact The CPA Superhero today to start a relationship that will help you achieve your business and financial goals. Feel free to email me today at jeff.jhtaxes@gmail.com to schedule an appointment to have an introductory phone conversation.


Jeff Haywood, CPA
The CPA Superhero
jeff.jhtaxes@gmail.com
217-923-8007



Comments

Popular posts from this blog

Who Is Watching Your Business? Someone Is. Hopefully It Is You.

Who Is Watching Your Business A few employees from the office went out together for dinner and a movie. It was interesting when the charges at a local restaurant and movie theater showed up on the next business credit card bill. It was reported to me as suspicious and I took it to the owner. Upon investigation it looked like the employees from the office had charged their night out on a company credit card. But how did they do that? Had the owner given them permission? No, he had not. It was discovered that one of the accountants had, without authorization, requested an additional credit card which she used for personal expenses.

Later, at tax time, a local tax-preparer called to ask about an employee's W-2. I could not give information about an employees salary but the preparer found two things interesting. One, some one from the firm I worked for would come to him to have their taxes done rather than have them done in house. Second, the salary and of course the taxes withheld s…

Year End Tax Moves to Reduce Business Profits

Here are some tax planning strategies to help you reduce profits for the year and thus reduce the taxes you will pay you. (Keep in mind if you want to accelerate profit into this year do the opposite of the strategies listed below)

Delay Revenue If your business is an accrual basis tax reporting business delay sending out invoices until next year. For a cash basis tax reporting business delay receipt of income. You may need to call people you have already invoiced to request that they make sure you don't receive their payment before the year end. In reality they can send you a payment before year end and you could receive it after year end so this could benefit both you and your clients/customers.

Accelerate Expenses On the Expense side for an accrual basis tax reporting business make sure you enter all the bills you receive before year-end and make sure they are dated this year. For a cash basis tax reporting business pay as many bills by year-end as possible. If cash is tight m…

The Dreaded IRS Audit...The Reality

There is a fear of an IRS audit.  People have heard all kinds of stories and have many ideas about what will cause an audit and how to avoid it.  For example some fear that taking a deduction that they are entitled to will make them the target of an IRS audit.  I have also heard clients say both that filing on time will prevent an audit and also that filing an extension will avoid an audit.  So what is the reality of IRS audits.  

Who gets audited and why
The IRS audits aroud 1% of tax returns they receive.  That sounds like random selection but there are things that increase your chances of selection.  Ordinary taxpayers with ordinary income and deductions if audited are usually just a random and very unlikely selection.  In fact none of my cleints that can be described this way have ever been randomly selected for an audit.  Most audits are triggered by the unusual or areas of suspect by the IRS.  The IRS itself indicates there are randomly selected audits but most of these are base…