We believe in the value of relationships. We view every client relationship like a partnership, and truly believe that our success is a result of your success. We are committed to providing close, personal attention to our clients. We take pride in giving you the assurance that the personal assistance you receive comes from years of advanced training, technical experience and financial acumen.
We provide a variety of services including:
- Income Tax Preparation for all types of businesses, and individuals
- Estate and Trust Tax Preparation
- IRS and State Audit Representation
- Payroll Reporting
- QuickBooks® setup, support and training
- Business start-up services
- Monthly bookkeeping
- Financial statements – making sure your financial records are timely and accurate
Our continual investment of time and resources in professional continuing education, state-of-the-art computer technology and extensive business relationships is indicative of our commitment to excellence.
Finding a Tax Preparer That’s Right for You
National Association of Tax Professionals (NATP), Appleton, WI –
Professional tax preparers stay abreast of tax law changes, are familiar with software glitches, and have knowledge about frequently overlooked deductions. Often, consulting a tax preparer not only pays for itself, but offers you a learning experience that will help you better structure your financial matters for future savings. When shopping for professional services, it is never a wise idea to base your decision solely on cost.
Fees for professional services vary greatly. Whether you are looking for a doctor, attorney, home repair contractor, or a financial expert, it is always best to shop around and get the most value for your dollar.
Before selecting a tax preparer, you need to first determine what your needs are. The complexity of your tax return, which may involve such things as the sale of property, investment income, or income from the operation of a business activity, will help you determine what to look for in a tax professional. You will want someone that ensures proper tax treatment, has experience, and can optimize reporting to best benefit you.
What should you look for when selecting a tax preparer? Most importantly, you should be able to talk to him or her easily and feel you can trust the person.
Criteria to consider when Choosing a Tax Professional:
1) How long has the preparer been in the tax business?
At PTS, Marion has been preparing taxes for over 35 years, Jennifer for over 20 years and Essence for the last 5 years.
2) Do they have experience preparing the type of returns you need them to prepare for you?
We prepare personal, corporate, partnership, and fiduciary returns. We specialize in small business owners.
3) What type of credentials or designations do they maintain? Do they continually upgrade their knowledge by meeting continuing education requirements?
Both Marion and Jennifer are enrolled agents. We always exceed the number of hours required to maintain our designation.
4) Does the preparer belong to any professional organizations? Belonging to a professional organization indicates a commitment to excellence in his or her chosen profession. Professional organizations provide their members with the tools necessary to enhance business knowledge as well as providing a valuable resource for information.
We are members of National Association of Tax Professionals, National Association of Enrolled Agents, Society of Public Accountants, and the Better Business Bureau.
5) Will the tax preparer be available after April 15 in the event of questions or audit?
Penrod Tax Service, Inc. is open year round. We will always be available for your individual needs.
6) What do other clients say about the tax preparer? Referrals from friends and acquaintances are a great source, but references are good too; satisfied customers attest to reliability.
Year after year our business continues to grow through word of mouth referrals.
7) Tax professionals can acquire several different designations and each one says something about the professional’s skills. The most recognizable designations are certified public accountant (CPA), certified financial planner (CFP), and enrolled agent (EA). All of these credentials require varying amounts of continuing professional education credits to maintain the designation.
In addition to CPAs, CFPs, and EAs, there are many tax professionals that do not carry a particular designation. Most of these tax preparers are qualified, reputable individuals, however, as a consumer, you need to be cautious. If you choose to consider having your tax returns prepared by an undesignated tax preparer, it is even more important to ask many questions, and ask for and check references. A reputable tax professional will gladly provide you with names of satisfied customers that you may contact. Like any other business you consider contracting for services, a check with the Better Business Bureau (www.bbb.org) in your area will indicate if there has ever been a complaint filed against a particular tax preparer.
Marion Penrod and Jennifer Penrod of Penrod Tax Service, Inc. have reached personal and professional milestones in their careers by studying and passing the Internal Revenue Service’s (IRS’s) intensive Enrolled Agent Exam covering all aspects of federal taxation.
The award of the Enrolled Agent (EA) designation is recognition of expertise and assures the practitioner’s clients that the agent has kept up-to-date on the latest tax law changes and can represent clients before the examination division of the IRS.
The right to represent taxpayers before the IRS is awarded only to selected groups of individuals, including attorneys, certified public accountants (CPAs), enrolled actuaries, and enrolled agents. To retain the status of an enrolled agent, individuals must complete a minimum of 16 continuing education credits (CPEs) per year, and a total of 72 CPEs in each three-year cycle. Enrolled agents are also governed under stringent rules set forth by the IRS.
Attaining professional knowledge takes time and dedication. With that understanding, all of our staff attend seminars geared to their field of expertise.
We attend Corporation and Partnership courses that include information on tax traps, planning guides, shareholders loans, Limited Liability Companies, fringe benefits and much, much more. And Estates and Trusts courses included Simple and Complex trust distinction, allocating capital gains to beneficiaries, audit guidance, and valuation issues.
These courses help fulfill continuing education requirements needed to maintain professional accreditation and increase our skills and understanding of the tax laws. This continuing education reflects Penrod Tax Service, Inc.’s commitment to providing our clients with the best professional service.
If you need assistance with any taxation issue, you should seek the help of a tax professional. As professional tax preparers and members of the National Association of Tax Professionals (NATP), Marion Penrod, Jennifer Penrod, and Essence Neely can assist you with a review of your tax history and answer questions on how taxation issues may impact your future. Please contact us for assistance with all your tax preparation needs.