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Profit Statements: The P&R Blog

Pass the Tylenol . . . Avoid Pesky Tax Penalty Headache (Part 2)

Need some handy dandy tactics to avoid those annoying tax penalties? Believe it or not, it’s possible to actually reduce or fully eliminate your individual or business tax penalties, but you must pay close attention to Uncle Sam’s rules and regulations, along with careful planning. The IRS can assess many types of penalties but there …read more.


Avoid the Tax Penalty Headache

No worries…you still have time to avoid or reduce a 2017 tax penalty when you file your individual income tax return next year, even if you were assessed one in 2016. Due to the increasing number of taxpayers subject to estimated tax  penalties, the IRS launched a new web page – Pay as You Go, …read more.


Happy Thanksgiving!

Patrick and Robinson CPAs wishes you and your loved ones a blessed day with love, laughter, and plenty to eat. Of course we also thank God for all our blessings, especially the privilege of living in a country that recognizes the importance of giving thanks…and designates a holiday to celebrate our gratitude. We say a …read more.


Stop Paying all that Self-Employment Tax!

Don’t you just hate seeing a percentage of your paycheck disappear, only to pad good ol’ Uncle Sam’s bank account? After withholding it from your gross earnings, the IRS deposits its portion of your hard-earned money according to FICA (Federal Insurance Contributions Act), which in turn supplements the Social Security and Medicare programs. Equal to …read more.


Finally . . . Proposed Tax Reform

(First in a series)   Recently the House Committee on Ways and Means released tax reform legislation known as the Tax Cuts and Jobs Act, intended to cut income tax rates for individuals and businesses. Sponsors say the plan would reform the tax code by lowering tax rates on wages, investment, and business income, broadening …read more.

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What Our Clients Are Saying

I am pleased with the service and patience we have received. Thanks to your service, we have greater confidence in our financial position. Professional… helpful… cooperative… and accommodating to our …
Dr. Randy T. HodgesHernando Church of the Nazarene

Frequently Asked Questions

Q.

What do banks consider when reviewing a loan request?

A.

The bank’s primary concern is repayment. Many loan officers will order a copy of your business credit report, and perhaps your personal report, to determine your likelihood of repaying. Using...

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6000-A Sawgrass Village Circle, Suite 1, Ponte Vedra Beach, Florida 32082

 

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