Minimize Taxes And Maximizing Profits With Patty Mason
For up-and-coming businesses to succeed in the long run, they must do their best to minimize taxes and build wealth. This can be accomplished with relative ease with the right accountant at your side. But getting a financially savvy one is never enough. Patty Mason flips the script by taking on the role of an accountant who educates people instead of simply working with them. In this episode, she explains the importance of acting as a business partner who supports clients through the combination of money management, financial literacy, and compassion. Patty also shares why she chose to dedicate her career to helping small businesses and single-member LLCs.
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Minimize Taxes And Maximizing Profits With Patty Mason
I can't even put into words how excited I am to have a good friend of mine on the show. We've had so many different conversations about it's not how much you make in business, but it's how much you keep. A huge concept that people need to grasp, like the 101 of being able to retain your wealth, is by minimizing your taxes. I could not have thought of a better person to bring onto this show.
I have Patty Mason. She immigrated from Romania with her family in 1988. She grew up in the California area. I could go on for a long time talking about all the different degrees that she has behind her belt. I don't even have one, so we are sitting in a place of greatness. She is hitting on all cylinders and helping business owners to help them limit the liabilities that they have. She educates on the taxation process. Without further ado, let's get this party started.
Patty, thanks for jumping on.
Thank you so much for having me. What a fun journey.
Let’s dive into the backstory of how you got into the tax arena. One of the things that I didn't even mention in your bio is you worked for the IRS, so you know the code.
I did not work for the IRS. I was licensed by the IRS. The IRS’ highest level of accreditation is the enrolled agent licensure. It is neat because you are federally licensed versus most CPAs are state-level licensed. That is the little difference between enrolled agents and CPAs. Enrolled agents are fairly licensed and CPAs are state licensed. Also, we concentrate on taxation. CPAs can concentrate on audits. They can concentrate on financial reporting, reviewed financials, audited financials, and other things.
The same thing between CPAs and enrolled agents is to find a niche and roll with that niche. My niche is small businesses and mitigating for small businesses as much as possible so that they build wealth rather than overpay taxes. It’s not about paying taxes or not paying taxes. It's about not overpaying taxes. We want roads to drive on. A little bit of tax doesn't hurt anybody to pay out, but not overtax where you are taken away from you building your own wealth to give it away.
I've met a lot of CPAs in my day. You have an amazing personality. You wouldn't know that you're a CPA. I'm not here to knock. Where did that come from? What attracted you to get into this type of line of work? This is not your normal personality that's attracted to numbers.
You make such a valid point. What was neat is when I immigrated to this country, I grew up in Southern California. In Southern California, my cousin who's married to a CPA, that's who exposed me to taxation, accounting, etc. at seventeen years old. To be honest, I wasn't always this extroverted. I wasn't always this bubbly. I went through a lot in my life to decide to be this person. In my craft or in my industry, I was exposed to it at seventeen years old in Laguna Hills, Newport Beach, California. You can imagine the clientele base. I spent a lot of time with the millionaires, balancing the checkbooks of millionaires. The coolest thing about being at such a young age is that I was a sponge. I soaked in all the valuable wisdom from builders, developers, and attorneys.
The cool thing about public accounting is that you're exposed to every industry. Throughout my 28-year career, I have seen everything from real estate agents, developers, investors, and everything. I decided to be a sponge and soak everything in. Somewhere along the lines when I got to this point and some of the traumatic things I went through in my life, I decided that I'm going to own who I am. I came out of my shell and said, “I'll be an accountant, but I'll be the best at it.”
I flipped the script on it in the sense that I care so much about humanity. I care so much about people that it wasn't necessarily about taxation for me. It was more or less serving people, specifically small businesses. A lot of times, I feel that accountants out there don't all educate. I find such a desire to pass on knowledge. That's probably where it all started. It is the desire to see you guys do better because I have some knowledge I can give to you that will make you do better. To me, that's the exhilarating part.
That's awesome. Where do you think the love of numbers came from? If you're in accounting, you have to love numbers. Where did that originate from, do you think?
I don't know if I love numbers more than the challenge of problem-solving with those numbers. I'm a problem solver. The moment you say, “I don't know how to do this,” I'm like, “We can do A, B, and C.” It's a matter of problem-solving. Math came easy to me. My dad was good at math, so math came easy to me. For me, it's like doing puzzles with those numbers and making sure they tie out. It's the challenge of the numbers that's more attractive to me rather than the numbers themselves.
That’s interesting. You're putting together puzzles for your clients.
I'm putting together the S corp puzzle to make sure that we report everything properly and have some good accounting. It’s then looking at the tax code and how we can mitigate and possibly create more wealth for individuals rather than getting that extra taxation. A juxtaposition on that is single-member LLCs, even as a form of partnership, are heavily taxed because they are subject to self-employment taxes versus an S corp where you're mitigating for the self-employment taxes. You pay some taxes through your paycheck, but profits in an S corp are not subject to self-employment taxes. That's where your tax savings are.
Minimize Taxes: Single member LLCs are heavily taxed because they are subject to self-employment taxes. Meanwhile, S corps are not subject to that same taxes, allowing you to save money.
That’s interesting. I found a good accountant. I can't say how important it is to have a good accountant, but what I've found is that there are multiple ways to tackle a problem. It's, “Which is going to be the best way for the person?” That's a switch that so many people need to flip. There are some people who are like, “This is how you pay taxes.” If you had sent it to 10 different accountants, you'd probably get 10 different ways they could go about doing it. You got to find somebody who works with you, helps you bring down your liability the most, and all that stuff as long as you're comfortable with it.
That's a good point that you make. The important thing is that people understand that your circumstances are not the same as Stefanie's. It’s not the same as mine. The biggest thing with small businesses, especially when we flock together and talk to each other, the worst mistake is when you start comparing yourself to one another. When you start comparing your tax situation, it's never the same. You could make the same money and do the same things, but have a couple of little tweaks to it and it's already not the same.
Another thing to your point is to get an accountant that is your advocate and who is a partner in your business. That's a big thing for me. I want to partner with your business, meaning in the sense, “You're spending too much over here. Let's be real.” I'm a no-nonsense. I'll tell you when something is not quite right.
I do believe in reporting things as they happen for the realities that they are, and then let's look at how the tax code can be advantageous to us on those numbers. You have to report according to what the realities are. At the same time, if someone is on your side advocating for you, they're going to show you those retirement strategies, dividend strategies, and different kinds of strategies like investing strategies or cost segregating strategies. There are a lot of strategies for taxation. Do you know what I mean?
Absolutely. You already shared one great way where people can save a lot of money, which is transitioning from the LLC to the S corp. What would be two other things that most CPAs don't advise but you do, and what that differentiator would be as far as that tax savings?
She put you on the spot.
We can circle back to that, too.
I'm not afraid to tackle anything, Ben. It's a good question, and I'm going to answer this question this way. We are not all created equal as we understand that. Therefore, something that I may use as a strategy, someone may not use as a strategy. For example, accelerated depreciation, Section 179. In some instances, using Section 179 is advantageous for a business. In other instances, it's not advantageous for a business. It depends on the interpretation of the accountant as well as the business itself.
If I'm looking at your profit and loss statement and you need a vehicle because you're driving all over the place and showing properties, let's get a car on there if you're looking at a $200,000 or $300,000 profit. Section 179 can drive that down a little bit. What did we do here? We mitigated the tax exposure and bought a piece of asset that is necessary. It's not an investment. Clearly, a vehicle never is, but it's a strategy because it drives down profit. It gives you a vehicle that you can drive around in. Sometimes, people say using that money to buy a liability or a car is not a tax strategy. It is. It’s a matter of how you interpret when you do it and when is the most advantageous to the client. These are the reasons why an accountant would choose something over something else.
Tax strategies are a matter of how accountants interpret them. It is up to them which approaches to follow that they deem most advantageous to the client.
Here's a question for you. It sounds like you've done a lot of different kinds of accounting, a lot of different areas, and whatever. Why did you pick small business?
That is a good point. I'm going to tell you a story.
We love stories on the show.
When I was super young and brand new to getting exposed to accounting at about 19 or 20, I was working for my cousin who's a CPA in California. All these books were coming in that were a mess. I'm like, “How can you buy a property if you're a mess? How can you file taxes if you're a mess?” I became the cleaning lady. With every set of books that came in, I cleaned it up. I got the financial accounting. Everything was on point with the balance sheet, P&L, and cashflow statement.
What was great about this is because of the quality of the work, the CPAs were ready to do the tax return. They didn't have to do anything. I booked the entries, cleaned up the books, and reconciled everything. For years, that was who I became. I was helping. All of these are small businesses. We didn't have publicly traded companies. Most small accounting firms cater to the small business community.
Since I became this financial cleaning lady, it stuck with me. I was like, “These people need help to have someone come in, clean up their books, send the CPA financial statements, and their job is easier.” I started a business in California. I was 22 years old. I became a bookkeeper, but a virtual bookkeeper. I came in and cleaned up your books. We submit it to the CPA and we're done. We’re moving on. I did that, and like this, it took off. I'm like, “There is a need for this.”
With all these small businesses or single-member LLCs, it didn't matter what the structure was. They needed a balance sheet and a profit and loss statement because a lot of these people wanted to buy houses. Another thing that people have to understand is clean accounting records not only give you the ability to get financing when you want to buy a property or do investments, but it also puts you in the position of knowing where you financially stand. There is nothing more exhilarating to me and nothing more powerful than knowing where I stand with you, Ben, Stefanie, and money.
It's important that we know where we stand with people and our finances. To me, that's probably the most exhilarating. From that point on, I fell in love with serving small businesses. I could clean them up. They see the value in that. CPAs were like, “Who did your books?” It was good. I started from the very ground up. I'm almost a doctor. I'm in my final class and my dissertation. I took this from the ground to the highest possible level of education because I love knowledge, and best of all, I love passing it on.
Even in our conversations, you not only help people as far as their books go, but you're an amazing resource and a faith-based woman that cares about people at large. That makes a huge difference. When you see the big picture in someone's life versus, “I'm here to do your books,” that not only changes the books for them, but it changes their life. I feel like this is your life work in the conversations that we've had. That's amazing.
I honestly love it. I don't think there's anything else I'd rather do as far as combining my love for managing money and financial literacy. Combining these two things leading with compassion is so powerful. It’s genuine care. I care about people. It's not caring about the work and collecting. I really care. If I see something wrong, I'm not afraid to say, “Something is wrong. Let's fix this. Let's move in the right direction.” At the end of the day, candy-coating things to people is not teaching them anything.
I may be a tough cookie and I may tell you the truth, but it's going to help you in the long run. I'm extremely passionate about doing the right thing by people and then seeing that, living the right way, and having good money management skills. Being a good human being on top of that is a good, powerful feeling.
Tax is one of those things that people are like, “I don't want to talk about it.” One of the books that changed my life was Tax-Free Wealth. I don't know if you've ever read it. It’s by Tom Wheelwright. Once I read in there that there are, and don't quote me on this because I'm pulling these numbers, but something like 30 pages of IRS tax code, how to pay taxes, and then there are 7,000 pages of, “Here's a deduction you can take.” I try and refrain from calling them loopholes, but it's deductions that you can take advantage of that are given by the federal government.
Once I realized that, I was like, “Why am I not taking advantage of these things that are put out for me to take advantage of?” That's something that's absolutely changed my life. Here's a question for you. If somebody comes to you and asks, “I need you to look at my books or my taxes for the last couple of years,” how often do you think people overpay on taxes, in your opinion?
I want to say 75% of all single-member LLCs are not putting themselves in a negative, which is another topic that we should discuss. People have to understand that when you're a Schedule C and you keep having losses, forget the fact that you can't get financing anywhere but also, you're not paying into your social security. We can argue the case of, “Is it going to be there? Is it not going to be there?” It doesn't even matter. You're not paying into a system that if in case it is there that you're going to get something out of.
Self-employment taxes include social security and Medicare. Later in life, Medicare pays for your healthcare. If you don't have that, you shot yourself in the foot. If you are taxed as a single-member LLC, a Schedule C, or a sole proprietor, there's no advantage to that whatsoever for tax purposes. There’s none. You're hurting yourself the entire time because you're so tempted to keep spending and doing whatever to put in negative. You’re tempted to do that because you’re so gung-ho about not paying taxes. By not paying taxes, you're not going to have anything there.
A prime example is my dad. My dad is the proud Hungarian. He's working and doesn't want to pay taxes. His social security is under $500 a month in the state of California. My point is there's no advantage to that. However, if you take that and turn it into an S corp, or take that, make an S selection, and then you're an S corporation, you get a paycheck. You pay into social security and Medicare that way, but then, you're not also paying SE taxes on your profits. You’re not being taxed on both sets of money. It is strategizing for the most advantageous opportunity, and that's not always going to zero and not paying taxes. It's about not overpaying taxes.
You've got to look at the big picture of where you ultimately want to land. I know even for myself, I made that mistake one year and it put me in handcuffs for buying a property, I'm like, “I learned that lesson. We're not going to do that again.” You have to figure out, “How many properties do I want to buy? How much do I want to invest? How is this going to cannibalize my strategy or propel me forward in that?” It’s having some type of a baseline. You don't have to know all the ins and outs. That's what a CPA is for so that they can advise you. It’s knowing some of the basics.
I'm not a huge numbers person. Ben is a lot more of a numbers person, so I always have thrown it over to my guy and I'm like, “Do it.” Finally, I got to that point where I was like, “I need to understand this.” I'm still learning and growing every single day, but it makes a lot more sense to me that if I've got big goals over here with real estate investing, we got to play the right game over here.
It’s so critical. I feel like a lot of people don't know this. There are a lot of people out there, in your industry even, that are not educated. I'm like, “Give me a microphone.” We've got to teach these people. We got to teach these children. We got to teach them. We got to say, “There's another way. There's a better way.” There's such a huge field of building personal wealth without overpaying taxes. I can't stress that enough.
We have got to get a hold of these single-member LLC people because it took you to make a boo-boo to know, “This is not going to work out.” I want to avoid people falling into that trap. That's why I want to get out there as soon as possible to start having these seminars and these discussions. Taxation codes itself is boring. Who wants to sit around and listen to Section 179, code section this, or 1031? Who wants to sit around and listen to these numbers? I get that.
Minimize Taxes: There is a huge field of building personal wealth without overpaying taxes. Single-member LLCs must avoid falling into a financial trap.
What is the real conversation with small business owners? What is the real conversation with entrepreneurs who wake up in the morning and want to be business owners? What is that real conversation? That conversation is about how can we produce cashflow? How can we maintain cashflow? How can we strategize for success? How can we strategize to buy properties? How can we strategize for investments? How can we strategize growing our wealth, securing our future, living for today, and paying our bills but still enjoying life?
It’s that life-work balance but also planning for the future. There's so much conversation that has to be had that's on that level. It’s not going to a seminar and a bunch of powerful presentations on, “Mitigate here. Let's talk about what the problem is. What don't you know enough so that we can make sure that you're projecting yourself for success?”
What would you say would be a couple of books, podcasts, or even an Audible that someone could listen to that could help them build that base knowledge for themselves? I listen to a lot of podcasts and it's like, “Let’s educate ourselves. What's the first step? What would you recommend be that first step for a business owner?”
I'm going to be brutally honest. I don't read. I don't listen. Let me say why. I've been under the Doctoral degree for five years. In those five years, I got married, had another baby, and built a business. Those five years have been under a rock. On the flip side, prior to that, I've been grinding. I don't think I've stopped going to school since nineteen. I've been going to school this entire time. I'm looking for the finish line in March 2022. The answer to that question is Google is not always the greatest, but it's a good way to get fundamentals started. I wouldn't send anyone to IRS.gov only because there's too much information.
It is so hard to understand.
The biggest problem I find is that if I don't know about this, how do I know what to look for to answer this when I don't even know what this is? That's how I feel about it. There are a lot of books out there. There are the Susies and the various financial people out there to talk about money management. I don't know how many of the younger generation after my generation read anymore. That's one because certain people, I can't get to read my emails. I don't know who's reading.
I could see how people could be listening to podcasts. I don’t know right off the top of my head, but also, who is teaching about the day-to-day like, “When you wake up in the morning, get on some of these, do your articles, get on the IRS website, get your EIN number, make the 2553 form as selection, go to the bank, open a bank account, and go to work.” I can't name one person that gives you that 1 through 5 immediate steps to go get a business off the ground the right way.
I do listen to podcasts, but they're typically about leadership because my doctoral is about leadership. I want to be able to influence leadership. I would like people to be more of the transformational leadership style that influences, invokes people to do with kindness and compassion, and empowers people to act rather than order people around. I focus more on that when I listen to things, but honestly, I don't know who's talking about that like that.
I know there's one person that I've tuned into. It was on Ed Mylett’s podcast. It was a gal named Candy Valentino. She is not an actual CPA, but she's been in the business sector for quite a while. She has a book that came out called Wealth Habits. That has been able to build that base and that 101 that I felt is good for the person that's starting out and even talking about putting together a will, a trust, and all that type of stuff.
Wealth Habits: Six Ordinary Steps to Achieve Extraordinary Financial Freedom
She gives you that baseline, so that's a great place to start. Also, Ben, that book that you mentioned, Tax-Free Wealth, those would be probably my two go-to resources. If someone's confused or overwhelmed, both of those aren't super hard reads because I know for me, sometimes, I feel like, “You’re speaking Spanish and I'm not very fluent.”
That is a good point. I don't know why I never got into listening to stuff or reading. My mom is a book nerd. The only books I ever read were financial accounting, managerial accounting, and cost accounting. It was all accounting, and then international tax law. I've been focused on refining my craft so that I can get to a point where I can speak on these various subjects with absolute expert knowledge.
I appreciate Candy taking that approach. Ultimately, what I'm looking to do is develop a Mason Academy from the beginning to the end of, number one, how we think to get our scarcity mindset into an abundant mindset. How we think determines everything, like how we act. If we think differently, if we think better, or if we think abundant, we’re always going to have something.
If we nickle and dime and pinch, God said to be generous because he's always going to provide, so I'm never worried about stuff like that. I want to get people to think better about money and finance, generally in the decision-making process of both business and money, and then all the way to retirement. How do we retire where we don't have to depend on the government or our neighbor? How can we retire wealthy? I want to develop this to where it is available. Have an entrepreneur class where you're an entrepreneur, you take this class right here. It has everything you need to know.
It’s not, “This is what you do,” but, “This is what you do, this is where you go, and this is why.” You got to talk about the why because if you don't talk about the why, people get the task done and move on. There's no critical thinking process, and we need to get people back to critical thinking. Using your mind and critically thinking through things is important to our mental well-being.
If you don’t about talk the why, people get the task done without a critical-thinking process. Using your mind to think through things is important in your mental well-being.
I agree with that. I want to hear from you what's the most amount of money you've helped somebody save from taxes if you can share that.
It was $480,000. I'll never forget that.
That's pretty awesome.
That's not bad. That's a good day for your client.
It was all in one shot. There was another situation. It was a huge audit. There were a lot of issues there and I got over $200,000-plus abated in penalties and interest.
No way. That is good for you. That's amazing.
That was nicely done.
That is another reason why I am a firm believer in finding a good accountant who knows you and understands you. You are put almost as a business partner where it's like, “Here are my goals. This is how I want to do it.” In my first good money-making year in real estate, I paid $56,000 in taxes, I remember. Before tax time, I'm like, “This is amazing. I'm making so much money. This is incredible.”
First of all, I had an accounting firm. They never asked me any questions. I gave the information and they were like, “It’s $56,000.” I’m like. “Are you kidding? $56,000?” I was freaking out. My next year in real estate was when my business exploded and I doubled my income. By my math, I thought I was paying $100,000 in taxes, but I found a good accountant.
He asked a bunch of questions, like, “What are your goals?” He asked all this stuff. He helped bring my tax liability down that next year to $28,000. That was when my income doubled. That's when I was like, “Now I understand the value of a good accountant.” It's so interesting. Many people who are like, “I'm going to go the TurboTax route or whatever because it's free,” I'm like, “It's not free because it's going to cost you a whole lot more.”
It's so frugal.
What would you say is that tipping point for you when someone should seek someone like you out? How much should they be making as a business owner?
Zero. If you are not on the right foundation from the start, I don't want her or him to tell these kinds of surprises. The way I look at it is I'm $250 an hour. One hour with me will put you on the right track. What is that cost? What is that value? Think about that. If in one hour, I tell you A, B, and C and you do A, B, and C and we set up the goals and do the projections, I can set you up for success in one hour. Unless you know me or unless you know someone that knows me, that trust is a big deal. If you sit in front of me, you'll know to trust me because I don't care about you thinking what you're thinking. I care about what I'm thinking, and that is I'm serving a higher power and I'm going to do you right. At the end of the day, you can start with nothing.
In one hour, we put you on the right track and then you'll be back. I’ll put you on a game plan. We have a strategy. We’re going to put you on that game plan. Once you follow through with it, people have never failed from following that step and not be productive. I have a quick story. A few years back, there was a young lady. I used to teach QuickBooks use. I did little seminars on how to use QuickBooks and how to do trust accounting in QuickBooks.
A young attorney got out of the district attorney's office. She needed help to set everything up, so we went to set everything up. She couldn't afford me at the time, so I did what I could and then got her off the train and got her on track. Three years later, I get a phone call and she's frantic. She's crying. She doesn't know what's going on. She can get into the books because the bookkeeper didn't let her see the books.
I know how to get into books. When I got into the books, it was a mess. Things were not done properly. The debits and credits were all over the place. It was a mess. I told her, “It's going to take quite a bit of time to fix three years of bad records, but I'll do it. We'll get it done, and then we'll sit down and talk it through.” I finished it probably in about three business days. We got everything squared away.
I sat her next to me and showed her everything. She said to me, “Before, I couldn't afford you, but now, I know I can't afford to be without you.” Three years later, we went to $7 million. I’m just saying a good accountant that is on your side and watching your back, she trusted me and followed the plan. Because of that, we were able to do a lot of great things. She became a millionaire. With the right person by your side, it can happen.
Get set up with a good accountant earlier rather than later.
Do you have any other questions, Ben, before we transition over to the lightning round with the lady boss?
No, I don't think so.
Here's how this works. I'm going to be firing questions at you and you have to answer them in 30 seconds or less. Are you ready?
Yes.
If you didn’t start doing what you're doing, what would you have gone into?
Professional basketball.
People would be surprised that you spend so much time doing what?
Working. All I do is work.
I can't say that would surprise me, though.
That's a good point, but I do so much. I balance things out so well between studying for school and managing a four-year-old. People wouldn't know that I work a lot of hours.
Chipotle or Chick-Fil-A?
Chick-fil-A. I love it.
What is your favorite way to spend downtime?
The Ritz.
You’re living that best life. You are addicted to what?
Work.
What is the best piece of advice you've ever received?
Stay focused on your goals, and never not accomplished one. That was when I was eighteen. Stay focused on your goals and you will be successful.
What is your most embarrassing moment?
I don't know if I have one outside of a not-very-appropriate one. It’s how I started my monthly flow. That was the most embarrassing moment.
We all got our stories.
It’s a horror story.
Coffee or chocolate?
Coffee.
Describe yourself in one word.
Determined.
If you were a superhero, who would you be and why?
Wonder Woman because I want to save the world.
This is so fun. There are the last three questions by home stretch. If someone met you and said, “I want to become the boss of my own life and call the shots,” what's the first step?
Start your own business.
It's powerful.
That's a good word. Don't work for somebody else.
I've never done that. I've joked I'm unemployable. I'm sure they'd fired me in five hot seconds.
At this point, so am I.
What is your definition of a boss?
My definition of a boss is a transformational boss. That is someone who inspires and motivates their subordinates.
Do you have any last words of wisdom?
Never ever compare yourself to anybody else, and trust the process no matter what it is. Everything that happens to you in life is meant to happen to you. Remember, don't let circumstances control you, but you control your circumstances. Be empowered about everything that you do and be intentional.
Never ever compare yourself to anybody else and trust the process no matter what it is. Be empowered about everything that you do.
Preach.
I can go on forever.
Thank you so much for joining us. I'm sure a number of people are going to want to reach out and connect with you, so why don't you share how people can get in touch with you, any of your handles, and all of that?
You are so kind. It's my pleasure. I love this. Anytime I get a chance to serve, I’m on fire. To get ahold of me, my email is Patty@MasonEAS.com. Our office phone number is (321) 335-4400. I'm all over Instagram at @MasonAccounting. That's about it. I'm not marketing anywhere. My website is MasonAccountingServices.com. I hardly get on there either. I'm extremely busy, but those are the different avenues that someone can get ahold of me.
On that note, as I say every week, it is your time to fire your fear, build your faith, and become the boss of your own life. Let's get after it.
Thanks, Patty.
Thank you so much. Bless you all.
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About Patty Mason
Patty immigrated from Romania with her family in 1988. She grew up in Huntington Beach, California where her accounting and tax knowledge began. Patty has been in public accounting since 1995, an Enrolled Agent licensed by the Internal Revenue Service since 2016; she is also an IRS Certified Acceptance Agent and a Certified Woman Owned Business. Patty’s goal is to complete her Doctoral Degree and begin her journey to educate on all financial matters. Patty holds a bachelor’s degree in accounting, master’s in taxation, and soon to complete her Doctoral Degree in Management, focusing on Organizational Leadership. Patty’s passion is to serve people, individuals, and small businesses to maximize their knowledge in all financial matters. Patty’s organization provides bookkeeping, payroll, sales tax, and income tax preparation services. Her organization also serves foreign nationals doing business in the US and US individuals doing business abroad. Patty has successfully saved numerous clients thousands of tax dollars ensuring that their organization is in the most advantageous tax structure.