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 us because we can provide you with financial statements to investors and lending institutions, track asset valuations, pay the bills, and keep you compliant with all tax returns and non tax government filing requirements. You also like the fact that we understand your business and can also offer strategic advice including market evaluations and advice on international economic conditions and regulations.
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 is as of the date of the end of the contract’s fiscal year. We can use the “Big Four” firm’s asset valuation methodology to calculate the current and prospective price for the assets, and to determine if the contract price is advantageous to you.
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 comprehensive financial management including paying your bills, billing your customers, giving you actual to budget variance reports, and advice on management of your enterprise. We will accompany you to all bid conferences to fully understand what your customer wants.
Call Blaine at (978) 604-4253 if you need this type of valuable economical assistance.
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 your high end owners other than us.) We can also pay your bills for your condominium and rental properties. This also comes with full financial statements and tax returns. Call Blaine at (978) 604-4253 to find out how inexpensive this service can be.
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 rehabilitation, mental health, healthcare staffing (RN,LPN HHA, and homemakers), ambulance services, and not for profit care for the developmentally disabled.
We are familiar with your reimbursement environment, cost accounting, and compliance.
We provide financial and compliance services from the sole practitioner up to the multi million dollar group practice.
Please call Blaine at (978) 604-4253. to see what we can do for you.
On Site Services Now Offered
Patriot now offers on site services for monthly closings including bank reconciliations, accruals, and loan and credit card reconciliations. We will provide you with profit and loss statements, balance sheets, and customized reports on your computer system. We also specialize in cost accounting,special projects,tax filings including 1099′s, 941′s, W-2/W-3′s, corporate, partnership, and personal income taxes.
We have wide experience with Quickbooks Pro, Quickbooks Online, Quickbooks Enterprise, and high end systems such as Great Plains Dynamics with FRx reporting.
Our company policy is to meet any competitor’s price quote. We believe you should pay the most reasonable price that the market dictates.
Call Blaine at (978) 604-4253 for more information.
Unemployed? Medical Expenses? Big Credit Card Balances? Let Us Mitigate Your Credit Card Debt!
If you have changes in your financial circumstances such as unemployment, a large medical expense, or divorce since the time you took out unsecured credit card debt, you may be eligible for mitigation of interest charges to your credit card account. We can negotiate this for you. If we cannot make an arrangement for you that avoids bankruptcy we will refer you to a qualified bankruptcy attorney at no charge. That is our guarantee.
Beware of shysters out there who will promise impossible results and demand thousands of dollars in upfront fees or “donations”. We are a financial services firm, and our fees are clearly delineated.
Call Blaine at (978) 604-4253 for a personal consultation.
Why You Should Choose Us to Prepare Your Individual Income Tax Return
Donald Korb, IRS Chief General Counsel.
Most of the individual tax returns we prepare are for business owners. We also prepare the tax returns for their businesses along with providing them with accounting, payroll, and bookkeeping services, so we are accustomed to complex tax returns.
We provide free e-file of all returns.
We will charge you the same price as you were charged last year or were quoted this year by any legitimate tax preparer, who is an IRS authorized tax preparer (e.g. has a preparer ID number with the IRS).
You can call us any time, and we answer the phone. You can email us at any time, and you will get a return email or a phone call within the same day. You will not get a bill for answers to your questions unlike other tax preparers.
We are conveniently located in Stoneham, MA with easy access by Routes 93 and 128.
Call Blaine at (978) 604-4253 or email us at patstax@gmail.com.
Our New Office at 19 Pond St. in Stoneham, MA Is Now Open
Our new office at 19 Pond St., Stoneham, MA 02180 is open. We are conveniently located off Main St. south of the square at the corner of Hancock and Pond St. We have easy access from routes 93, 128, 28 (Main St.), 38, 60, and 129. See map below:
For directions go here:
http://bit.ly/edsDvV
Call (978) 604-4253. Please excuse our appearance prior to renovations. Come on down!
Get Your 2011 Bookkeeping Done Now And Make 2011 Your Year!
We have people contacting us to get straightened out for 2011 and file accurate tax returns. They will incorporate or form an LLC so they have limited liability for their business activities and tax advantages just to get off 2010 on the right foot. The tax authorities are more aggressive and have more tools than ever to audit your tax return. The usual flags apply and apply especially to the small entrepreneur.
Most widely used audit flags by the IRS and DOR:
1. Cash businesses. You HAVE to have a detailed accounting of cash activities including date, vendor name, amount, and expense category or it will be disallowed.
2. Home office deduction. Yes they will visit you unannounced and ask to see your home office. IRS agents like to get out of the office as much as you do. If there’s kids toys in the “home office” or ESPN on the TV you may have a problem.
3.Schedule C’s. The IRS doesn’t like Schedule C filers or sole proprietors or sole member LLC’s. The IRS wants to know what’s personal and what’s business. The Schedule C to them is a gold mine of disallowed business expenses that should be personal expenses. Incorporate and hire yourself as an employee and they’ll leave you alone audit wise. Plus incorporation may mitigate self employment taxes.
4.EITC. Don’t lie when filing for the Earned Income Tax Credit, which is basically a payment for working and not seeking public assistance or you may go to jail. Thank me later.
5. Mismatched reports from people you do business with. An erroneous 1099 from a government agency such as the Lottery Commission will always spur an audit. Lucky you.
6. Tax returns with inadequate disclosure. When they “recommend” detailed statements they will get them one way or another including an audit. It’s always best to file as detailed a tax return as possible.
6. Obviously expenses that are not “ordinary and necessary” business deductions such as write-offs for clothing, personal services, Cuban cigars promoting your race horse (from an actual case), etc. will get you some attention.
We only defend our own returns. We can recommend CPA firms or tax attorneys to represent you for returns under audit from our predecessors. Then we can go on from there.