Tomorrow's Advice Today™

Profit Statements: The P&R Blog

Preparing for ‘Extension Season:’ Threats & Consequences

Completed your individual income tax return yet? Until April 15, we controlled reporting our annual income properly and filing available deductions and credits to minimize what we owe Uncle Sam in fulfillment of our civic duty. Beginning April 16, the IRS took control. The IRS checks the math and analytics of each return against the …read more.


Happy Tax Day 2015!

Did you get your individual income tax return filed in time? Don’t worry if you didn’t—the fact is more taxpayers are opting for the automatic six-month extension. The tax code’s growing complexity and filing requirements are slowly but steadily making October 15th our real annual tax day. But that extension to file isn’t an extension …read more.


Last Minute Tax Tips for 2015

With the April 15 tax filing deadline just a week away, are you one of the millions of Americans who haven’t filed (or even started) your individual income tax return yet? No problem! Use these pointers to help guide you through the filing process: Stop Procrastinating. Resist the temptation to delay your taxes until the …read more.


So . . . what exactly is “minimum essential coverage”?

And how does it relate to my healthcare accounting? If an accountant prepared your taxes, he or she probably asked whether your healthcare met the minimum essential coverage (MEC) standards this year. How do you know whether Uncle Sam finds your insurance acceptable?  The good news is most comprehensive general health insurance policies are acceptable, …read more.


Cancelled debt? Maybe it’s not taxable after all.

As a leading accounting firm in Jacksonville, we see many scenarios that can affect your individual income tax return. One such event is a cancelled debt. If you a creditor cancelled debt you owed, you probably know in most cases the IRS counts the amount forgiven as income…and expects you to pay tax on it. …read more.

Next Page »

What Our Clients Are Saying

I have been the treasurer for my church for the better part of 10 years. It is an important job but one that requires a certain amount of specialized knowledge to do it properly which makes it very di…
William S. Hart, CFP, MBARetirement Strategies, Inc.

Frequently Asked Questions

Q.

How can I increase my child’s financial aid?

A.

Several strategies exist that may increase the amount of aid your child is eligible for:

  • Try to avoid putting assets in your child’s name. Investments owned by a child can impact...
Read more...

Locations

4029 Atlantic Boulevard, Jacksonville, Florida 32207
6000-A Sawgrass Village Circle, Suite 1, Ponte Vedra Beach, Florida 32082

 

Copyright © 2015 Patrick & Robinson, LLC.
All rights reserved. Privacy Policy | Terms of Use

Page requested: /helpful-resources/profit-statements/
Request Method: GET
Referrer:
User Agent: CCBot/2.0 (http://commoncrawl.org/faq/)
Remote Address: 54.161.149.107
Request Time: 0.1560001373291 seconds
Errors
Console
Query Log
You've finally done it right!!