How We Can Help You!
Patrick & Raines CPAs provide a full range of financial reporting processes for companies. Creditors, investors, and analysts rely on the independent CPA to attest to the accuracy of financial statements.
“I am pleased to recommend Mark and his firm. He has helped us to become a better organization and better people as well. 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.”
ASSURANCE
Our audits, reviews & compilation services include independent financial tax review. Good, effective advice evolves from accurate financial data. We offer financial reporting on all three levels of assurance:
Audit — an intensive examination involving internal and external procedures to provide the highest level of assurance. Lenders often require this level of assurance if the amount of debt is significant. Some regulatory agencies will require an audit per government statute.
Review — This less intensive examination includes some analytical procedures to provide a limited level of assurance. Lenders require a review due to extensions of credit. Shareholders often require reviews to provide some assurance of the accuracy of the financial statements.
Compilation — The process is based strictly on client information provided and is primarily for internal use of individuals very knowledgeable of the business operations.
TAXES
Tax planning and preparation form a winning combination for our successful individual and business clients.
Whether you’re an individual or complex business entity, our experienced staff will provide tactical advice and effective tax strategies tailored to your unique long-term planning situation.
Our significant investment in computerized tax preparation, research software, and continuing education enable us to accurately and efficiently prepare returns for various types of entities including individuals, corporations, limited liability companies, partnerships, trusts, estates and not-for-profit organizations.
“As a minister, I have very peculiar and specific tax responsibilities which are met with clear and studied advice from Patrick & Raines CPAs. On top of that, keeping track of all my tax forms and receipts is not my greatest gift. Still with patience, coaching and kindness the staff at P&R guide me and complete the task needed each year to satisfy the IRS.”
CAAS (Client Accounting & Advisory Services)
A business needs a plan to achieve goals, and two of the most critical are financial and cash budget plans. Cash flow issues can cause even a profitable business to run into trouble. We can develop forecasting models and evaluate your company’s financial condition, estimate financing requirements, and track cash-flow sources and uses.
Meaningful, well-organized financial records ensure your business functions more efficiently and provide vital information to assist you in planning the short- and long-term future.
If you process your own payroll, we’ll prepare your state and federal payroll tax returns and calculate tax payments due.
Through our special relationship with ADP (Automated Data Processing), you can outsource your entire payroll function—with us acting as the liaison—to ensure your payroll is efficiently and accurately processed each pay period and all taxes are timely paid.
We offer several levels of services to fit your needs. At the top level, we can assume the complete bookkeeping function and maintain records for you. We can provide online access and meaningful reports. The second level involves periodically assessing your records and suggesting adjustments.
We can also train you and your staff to develop your own financial records. We can advise in the two most popular accounting software packages: QuickBooks and Sage 50.
“Having moved to Florida during the summer of 2022, I was very grateful that Patrick and Raines agreed to work with me to complete my 2022 tax return. The team provided great service, responding to all of my questions, helping me ensure all the necessary information was provided to them so that my return could be completed and submitted not just on time, but actually early. Everyone in the office is professional and efficient but also most kind. I am looking forward to working with Patrick and Raines going forward. ”
CONSULTING
We’re able to help you identify areas impairing your business’ profitability and growth and suggest practical and technically-sound solutions. In addition to acting as a sounding board for management, we provide comprehensive, flexible strategies that address the issues affecting your future growth.
As your business grows, so does the need for financial management.
Our firm provides Controllership Services on a contracted, part-time basis, enabling your growth to continue without incurring significant costs of full-time financial managers.
Our partners’ experience in these roles provides the necessary expertise you need to keep your business moving forward.
Effective estate planning facilitates the orderly transfer of assets to your beneficiaries, provides security for your surviving spouse and other beneficiaries, and can reduce or eliminate the tax due on the transfer of your business and other assets. For business owners, providing for business continuity and succession of ownership is essential. We can guide you through the complex process of getting your financial affairs in order.
“I have been with Mark Patrick as an independent CPA, Patrick and Robinson and now Patrick & Raines for over 30 years. I am a financial advisor and have been a business owner of several businesses over this time. I have referred a number of clients to P&R (in both forms). They are one of the most knowledgeable teams I have ever worked with. No individual or firm knows all the answers, but they work diligently to find the best answer and offer their best guess when the rules of the IRS are not clear. I highly recommend P&R for your personal and business tax advice.”
— Bill Hart