News from Patriot Tax and Bookkeeping

Is Running/Biking/Walking For Your Favorite Charity as Good For Your Taxes as Your Health and Your Soul?

    It is always an exhilarating experience to run, bike or walk to raise money for a charity whose mission you wholeheartedly believe in. Usually these events support 501-(c)-3 public educational... 

Text Messaging Documents Easier Than Ever!

    We embrace text messaging including sending us pictures of your tax and accounting documents. No more attaching documents to an email or (God forbid) faxing them, just text us pics. No kidding.... 

What We Can Learn From the Market Basket Debacle

  Every business is an asset to everyone that owns it. The asset value the owners are concerned about is what someone will pay them to buy the business.  Arthur S. Demoulas brought in Felicia Thornton,... 

Line 61 of the 2014 1040 Resembles Line 34 of the Mass. Form 1 Without the Penalties?

The new 2014 1040 individual income tax return draft has a line 61, which is entitled “healthcare responsibility” with a check box for full year coverage. The IRS says this is a fine. The... 

The House Votes to Slash IRS Enforcement Budget By 25% in Retaliation For Lerner Non Cooperation

The House of Representatives has voted to slash the IRS enforcement budget by 25% or $1.2 billion. There is speculation that Lois Lerner’s resistance to being transparent to congress about the conservative... 

We Have A System!

We have a system of communications that allows us to keep in touch with you 24/7 via text,email,phone or fax. How do we do it? SSSHHH! It’s a secret! Actually no, it’s not. It’s because... 

Tax Increases Coming Whether Fiscal Cliff Is Averted or Not

From the Wall Street Journal: By Sudeep Reddy Neither the Obama administration nor congressional Republicans want to increase taxes on everyone, but most workers are likely to see lower take-home pay... 

The payroll tax cut that boosted paychecks for millions of working Americans over the past two years may be on the brink of extinction.

From CNN Money: As Republicans and Democrats search for a plan to avert a fiscal cliff, it’s looking more likely that the payroll tax holiday introduced under President Obama in 2010 won’t... 

IRS Warns Congress Tax Season Might Be Delayed until March or Later without AMT Patch

IRS Warns Congress Tax Season Might Be Delayed until March or Later without AMT Patch From Accounting Today Washington, D.C. (December 19, 2012) By Michael Cohn IRS Acting Commissioner Steven... 

White House, nonprofit groups battle over charitable deductions

From the Washington Post: By Jerry Markon and Peter Wallsten, Thursday, December 13, 11:06 AM The White House and the nation’s most prominent charities are embroiled in a tense, behind-the-scenes... 

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Services

The Patriot Mission Statement

  Yes, you as I are skeptical of all mission statements because the primary mission of any commercial enterprise is to make money. But our business is different in that it insures that our customers... 

Industry Focus: E Commerce Is Exploding Right Now!

We are seeing an unbelievable influx of clients in the e-commerce industry. We have the next online Costco, people with custom manufactured products, regular people who sell stuff on E-Bay, the list goes... 

Industry Focus: General Contractors and House Flippers

We are now getting a lot of business from general contractors and house flippers since the housing market is hot hot hot! We can do your taxes the right way to minimize your liability. We can give you... 

Industry Focus: Software Developers and IT Service Providers

  We have many clients in the software development, IT management, and internet services sectors. We take care of the financial and tax reporting so they may concentrate on what makes them successful. Call... 

We Do All That You Need and Nothing You Don’t

We provide  the following: Monthly, Quarterly and Annual profit and loss, balance sheets and cash flow statements, business and individual income tax returns, sales, meals, and payroll tax filings, incorporations,... 

Industry Focus: The Investment Management Industry

  We are welcoming a surge of new clients from the investment management industry including financial advisers, hedge fund managers, real estate developers, and commodity investment firms. You like... 

Industry Focus: Commodity Traders/Brokers/Investor

  You will most likely be presented with an audited financial statement from a “Big Four” accounting firm with global reach with a fair market valuation of the contract’s assets. The valuation... 

Industry Focus: Janitorial Services

We provide management consulting to the janitorial, building maintenance, condo association, and construction trades in the areas of bid estimates, bid documents, job costing  and due diligence. We provide... 

Industry Focus: Condominium and Rental Property Financial Management

  We can send management fee invoices to your owners of condominiums and rental invoices to your tenants, and manage your payments and accounts. (You really don’t want anyone else to deal with... 

Industry Focus: Our Health Care Clients

  We provide services to small healthcare practitioners and have wide experience in financial management  in the healthcare  industry in the areas of nursing homes, rehabilitation, mental health,... 

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