Tomorrow's Advice Today™

Profit Statements: The P&R Blog

How much employee health coverage do you sponsor? The IRS wants to know.

The Affordable Care Act (ACA) brought many changes in healthcare accounting for employers and insurers. Imposed by the ACA, the IRS now requires reporting employer-sponsored health coverage on Form W-2. Most employers must report aggregate costs of “applicable employer-sponsored coverage” under the group plan on employee W-2s. By requiring employers to report this coverage on …read more.


Welcome to Patrick & Robinson

Partners Mark Patrick and Adam Robinson give a brief overview of the firm and the services we offer.  


Are you prepared for hurricane season?

Since June marks the start of the six-month-long hurricane season, perhaps you stocked up on non-perishable food, water, and batteries…but how do you plan to protect your individual and business tax items? Important Records Keep a duplicate set of your important documents, including passports, insurance policies, bank statements, and tax returns. If you’re printing hard …read more.


Will the government help me save for retirement?

Good news! You may be able to claim the Retirement Savings Contribution Credit to save money as part of your retirement planning. This credit adds to other savings, such as the credit you receive for contributing to a traditional IRA. Income limits exist on claiming this credit. Household income must remain below: $60,000 for married …read more.


New ACA Reporting Requirements for Your Business

The IRS mandated new reporting requirements to enforce the Affordable Care Act (ACA) that affect your business and its healthcare accounting. These new forms will enable the IRS to verify that taxpayers held insurance with minimum essential coverage and were enrolled for all 12 months. Reporting is early in the year: you must submit your …read more.

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What Our Clients Are Saying

He has the gift of being able to know in depth matters financial, including IRS details and changes, and being able to translate the CPA world and its requirements and value to laity and clergy alike.
Rev. Louis R. Lothman, Th.D.

Frequently Asked Questions

Q.

Should I consult a CPA if I’m starting a new business?

A.

Yes. You’ll need to discuss the best organization for your company for tax purposes as well as numerous other issues relating to operations, including pricing, inventory, payroll, liability and profit...

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Locations

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

 

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