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fractional CFO vs Accountant
Accounting | Consulting

How Are Fractional CFOs Different from Accountants?

February 26, 2025February 26, 2025

Imagine your financial team as a movie production. Accountants are like the editors—they piece together everything that’s already been shot, ensuring the final cut is…

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Fractional CFO
Accounting | Consulting | Tax

What is a Fractional CFO (and Do You Need One)?

February 12, 2025February 13, 2025

Managing your business’s finances can feel like trying to assemble a puzzle without all the pieces. That’s where a fractional CFO comes in—someone who helps…

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Tax rules foreign business travel
Accounting | Tax

Smart Tax Strategies for International Business Travel

January 29, 2025January 29, 2025

Traveling abroad for work? If you’re planning a business trip overseas, understanding the tax rules can help you maximize deductions and avoid unnecessary expenses. From…

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Practical Financial Advice for Small Business Owners from Award-Winning CPA, Debra Annis
Accounting | News

Practical Financial Advice for Small Business Owners from Award-Winning CPA, Debra Annis

November 26, 2024November 20, 2024

Best Accountant Shares Essential Tips for Entrepreneurs I was honored to recently be named one of the Best Accountants by St. Louis Small Business Monthly….

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BOI small business mandatory filing
Accounting | Tax

BOI Compliance Deadline Approaching: What Business Owners Need to Know

November 20, 2024November 19, 2024

As the year-end draws closer, U.S. businesses face a significant new compliance requirement: Beneficial Ownership Information (BOI) reporting. This new federal mandate stems from the…

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guard against data loss
Accounting | Tax

Protect Your Business Against Data Loss and Fraud: It’s Easier Than You Think

November 6, 2024November 6, 2024

In today’s digital world, it’s not a question of if your business will face a cyber threat, but when. But don’t panic—while cybercriminals might be…

Read More Protect Your Business Against Data Loss and Fraud: It’s Easier Than You ThinkContinue

Missouri’s Consumer-Friendly Marijuana Tax System: What You Need to Know
Accounting | Cannabis

Missouri’s Consumer-Friendly Marijuana Tax System: What You Need to Know

October 16, 2024October 10, 2024

Missouri’s marijuana tax system is making headlines for its consumer-friendly structure. In an article published on MoCannTrade.org, the website of the Missouri Cannabis Trade Association,…

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Business Travel Tax Deductions
Accounting | Tax

Can You Deduct Business Travel Expenses? Here’s the Latest

August 28, 2024August 28, 2024

Traveling for business? Don’t miss out on potential tax savings. Understanding the current rules for deducting out-of-town business expenses is key to maximizing your tax…

Read More Can You Deduct Business Travel Expenses? Here’s the LatestContinue

St. Louis Earning Tax Refund for Remote Workers
Accounting | Tax

St. Louis Remote Workers: Claim $2,400 or More in Earnings Tax Refunds

July 17, 2024October 23, 2024

In an era marked by rising taxes and the pinch of inflation, St. Louis remote workers have a chance to reclaim a significant amount of…

Read More St. Louis Remote Workers: Claim $2,400 or More in Earnings Tax RefundsContinue

Sunshine and Savings: Summer Activities That Impact Your Taxes
Accounting | Tax

Sunshine and Savings: Summer Activities That Impact Your Taxes

June 5, 2024October 23, 2024

Summer is here, bringing sunshine, beach trips, and—surprisingly—tax considerations! As you enjoy the sunshine and plan your activities, remember that certain summer choices—from saying ‘I…

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Tax aspects to closing a business
Accounting | Consulting | Tax

Tax Checklist for Closing Your Business

May 22, 2024May 22, 2024

If you’ve decided to close a business, it’s important to take care of your Federal tax obligations. Company owners can mistakenly think that because the…

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Business Emergency Plan
Accounting | Tax

Beyond Fire Drills: Why Your Business Needs a Financial Safety Plan

May 15, 2024May 15, 2024

Emergencies have a knack for arriving unannounced—often at the least convenient times. While most businesses diligently practice fire drills and stock up on emergency supplies,…

Read More Beyond Fire Drills: Why Your Business Needs a Financial Safety PlanContinue

cannabis reclassified as schedule 1
Cannabis | News | Tax

The DEA Agrees to Reclassify Marijuana: What It Means and What Comes Next

May 1, 2024May 1, 2024

Historic Shift in Federal Policy After over fifty years of federal prohibition, the Drug Enforcement Administration’s (DEA) proposal to reclassify marijuana from Schedule I to…

Read More The DEA Agrees to Reclassify Marijuana: What It Means and What Comes NextContinue

STL Business Journal Features Smith Patrick CPAs
News

Smith Patrick CPAs Spotlighted by St. Louis Business Journal Amid Industry Shifts

February 21, 2024February 21, 2024

Smith Patrick CPAs finds itself once again among the city’s largest accounting firms as ranked by the St. Louis Business Journal. Being named to the…

Read More Smith Patrick CPAs Spotlighted by St. Louis Business Journal Amid Industry ShiftsContinue

top CPA firms St. Louis MO
News

Smith Patrick CPAs Named a Top CPA Firm by St. Louis Business Journal

February 14, 2024February 29, 2024

St. Louis, MO — Smith Patrick CPAs, an CPA firm known for its personal focus in accounting, wealth management, tax reporting and management consulting services,…

Read More Smith Patrick CPAs Named a Top CPA Firm by St. Louis Business JournalContinue

Tax returns
Accounting | Tax

Setting the Stage for a Smooth Tax Season

January 24, 2024October 23, 2024

Preparing for Your 2023 Tax Returns & Planning Ahead for 2024 As we step into 2024, the annual ritual of preparing tax returns is upon…

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Limited Partnership
Accounting | Consulting

Limited Partnerships: A Smart Choice for Your New Business Endeavor

January 17, 2024January 17, 2024

Control Meets Collaboration with a Strategic Advantage for Entrepreneurs and Investors When starting a new business venture, choosing the right structure is a decision that…

Read More Limited Partnerships: A Smart Choice for Your New Business EndeavorContinue

succession exit planning business owner
Accounting | Consulting | Tax

Every Business Owner Needs an Exit Strategy: Navigating Succession Planning

January 10, 2024October 23, 2024

As a business owner, your journey doesn’t just involve launching and growing your enterprise; it also includes planning for the day when you will step…

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Cannabis Business Financial Foundations
Accounting | Cannabis | Consulting

The Financial Foundations of a Thriving Cannabis Business

November 15, 2023October 23, 2024

Navigating the ever-expanding cannabis industry can be as exhilarating as it is challenging. Whether you’re just stepping into this world as a new licensee or…

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SAFER Act Congress Cannabis Banking Challenges
Cannabis | News

Accounting Expert Insights on SAFER Act and Cannabis Industry Banking

November 1, 2023November 1, 2023

Missouri Business Alert recently published an article on one of the cannabis industry’s most pressing concerns—limited access to traditional financial services. Providing expert commentary on…

Read More Accounting Expert Insights on SAFER Act and Cannabis Industry BankingContinue

corporate airplane tax rules smith patrick cpa
Accounting | Tax

Corporate Jets and the IRS: Making Sense of Airplane Tax Regulations

October 25, 2023October 23, 2024

With the world of business travel in full swing, the appeal of having a corporate airplane grows stronger. Imagine no more waiting in lines, no…

Read More Corporate Jets and the IRS: Making Sense of Airplane Tax RegulationsContinue

Tax Essentials for New Businesses
Accounting | Tax

Starting a Business? Don’t Miss These Tax Essentials

September 27, 2023September 27, 2023

Embarking on the journey of starting a new business is both exciting and daunting. While you might be enthusiastic about your product or service, the…

Read More Starting a Business? Don’t Miss These Tax EssentialsContinue

business meals tax deduction
Accounting | Tax

Tax Rules and Tasty Bites: Navigating Business Meal Deductions

September 6, 2023October 23, 2024

Picture this: you’re at a restaurant, discussing a potential deal with a client, celebrating a milestone with your team, or maybe even strategizing with a…

Read More Tax Rules and Tasty Bites: Navigating Business Meal DeductionsContinue

Business Travel Tax Deductions
Accounting | Tax

Business Travelers: Unlocking Tax Deductions Before Hitting the Road

July 12, 2023October 23, 2024

Traveling for work can be both exciting and demanding. Whether you’re attending conferences sporadically or find yourself constantly on the road, it’s crucial to understand…

Read More Business Travelers: Unlocking Tax Deductions Before Hitting the RoadContinue

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