Patterson CPA LLC

https://www.journalofaccountancy.com/news/2023/jan/auto-depreciation-limitations-make-big-leap-second-year-row.html

IRS Increases Auto Limits AGAIN for Vehicles!! Reach out if you have questions or want to utilize this on your taxes!

972-716-9919
[email protected]

Openings at both our Richardson and Denton offices.

Tax Filings Preparation – 40%

Assist in preparing, drafting and analyzing tax filings to include: Federal and State Business & Personal tax returns, State Sales & Use tax. Under supervision, compile and analyze tax documentation to include:

Meeting with clients to acquire required filing documentation and analyze tax applicability for Federal and State tax laws.
Prepare and analyze Profit & Loss Statements, and Balance Sheet Statements.
Enter corresponding journal entries as required for year-end reconciliation.
Draft Business and Personal State and Federal Income tax returns to be reviewed by CPA, to include: 1040, 1040X, 1041, 1120, 1120S, 1065, 990, and others.
Meet with CPA to review finalized adjustments, so CPA may submit finalized Federal and State Income tax return.
Accounting – 60%

Check and verify source documents such as invoices, receipts, computer printouts.
Allocate and post financial transaction details to subsidiary books.
Reconcile and balance all accounts.
Draw up financial statements (trial balance, income statement, balance sheet.)
Comply with relevant reporting requirements.
Provide audit support to clients.

We are looking for an experienced Office Assistant to join our Team at our Richardson Location. This is an immediate opening. Apply through this link!

www.indeed.com

Our offices will be closed on Monday July 5th for observance of Independence Day. Have a happy holiday weekend.

ATTENTION!

The IRS moves the Individual 1040 deadline for the country to May17th.

FOR TEXAS RESIDENTS
RETURNS ARE STILL DUE AT THE EXTENDED DEADLINE OF JUNE 15th.

Tax Day for individuals extended to May 17: Treasury, IRS extend filing and payment deadline | Internal Revenue Service IR-2021-59, March 17, 2021 — The Treasury Department and Internal Revenue Service announced today that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021.

Our offices are closed today, We are working from home. If you need anything please email [email protected] and we will get to you as soon as possible!

Stay Safe Everyone!

PATTERSON CPA - WEBINAR - 2020 2021 TAX/PPP UPDATE - https://mailchi.mp/d180748111d3/patterson-cpa-webinar-2020-2021-taxppp-update

To all Teachers and Educators, here is a nice tax gift!

Eligible educators may deduct personal protective equipment expenses The IRS issued guidance providing a safe harbor under which eligible educators who have unreimbursed expenses for personal protective equipment, disinfectant, and other supplies used to prevent the spread of COVID-19 in the classroom can deduct those expenses as educator expenses.

Larry Patterson, CPA shares with you the most efficient way to use a CPA, maximizing your business relationship, and ultimately helping you exceed your personal and business financial goals.

For a FREE consultation go to cpatexas.net or call the office at 972-716-9919 to schedule a meeting.

If you need to set up an entity, we can help. Small Business Accounting, Taxes, Payroll, HR, and Consultation Services are available.



https://youtu.be/RIj9bbn5KYY

HOW TO EFFECTIVELY USE A CPA Larry Patterson, CPA of Patterson CPA LLC tells you the most efficient way to use a CPA, maximizing your business relationship, and ultimately helping you ex...

Check out this webinar Larry Patterson, CPA conducted going in detail on everything you need to know about the updates on PPP1, PPP2, tax updates for 2020 and 2021, including the Cares act, and Coronavirus Response and Relief Supplemental Appropriations Act of 2021. He explains who qualifies for the PPP, and gives insight on major tax law changes that may effect your tax return this year!

Comment with your email if you would like an invite to the next webinar he conducts! We look forward to seeing you.

WEBINAR: PPP1 / PPP2 UPDATES, ERC, TAX UPDATES 2020 / 2021 Larry Patterson, CPA set up a webinar to go in detail everything you need to know about the updates on PPP1, PPP2, TAX UPDATES for 2020 and 2021, including t...