Services
Navigating Financial Success: Your Trusted EA Accountant
Patricia Maselli, EA provides valuable assistance to small business owners in several important ways, including taxation and IRS matters. As an accountant with an EA (Internal Revenue Service Enrolled Agent) designation, Patricia offers services tailored to the specific needs of each small business, such as financial consulting, retirement, and succession planning. Patricia’s expertise in tax matters and her ability to represent clients before the IRS make her a beneficial asset to any small business.
Recordkeeping and Organization
Maintaining up-to-date, accurate records not only facilitates tax compliance but also supports the overall financial health of a business. As an Enrolled Agent, Patricia helps small businesses establish proper recordkeeping practices to maintain organized financial records and ensure compliance with accounting agencies. She provides guidance on deductible expenses, educates on properly categorizing income and expenses, and provides recommendations on the right accounting software or systems for each specific business to streamline financial management.
Software Training
Patricia offers training in accounting software such as QuickBooks®, Excel®, and Microsoft Office®, helping small businesses gain the skills they need to efficiently manage finances and streamline operations. Patricia’s patient, hands-on approach ensures that even those with limited tech savvy can harness the power of these essential tools, giving their businesses a competitive edge in today's digital world.
Tax Planning
Patricia assists small businesses with navigating complex tax codes and regulations, including:
· Tax planning strategies to minimize the tax liability of a business, including knowledge of available deductions and credits.
· Compliance with all federal and state tax requirements, including accurate and timely tax return filing and prevention of costly penalties and audits.
IRS Audit Representation
As an EA Accountant, Patricia is authorized to represent taxpayers before the IRS, including handling correspondence, attending meetings, and negotiating on behalf of business owners. If your business is audited by the IRS, Patricia can serve as a representative when dealing with tax authorities, alleviating stress and increasing the chances of a favorable outcome, such as a reduced tax liability or the elimination of penalties, making her an important partner for any small business needing to navigate the complexities of taxation.
Biography
Patricia Maselli, EA has been the owner of Clear Cut Accounting Services, Inc. for over 16 years, specializing in accounting and consulting for small businesses. As an IRS Enrolled Agent, Patricia has a broad range of experience in small business accounting, providing valuable assistance with tax and planning strategies, minimizing tax liability, financial organization, QuickBooks, and Microsoft Office proficiency – all to empower small business owners in the financial management of their business.
Prior to starting her own accounting firm, Patricia was a Financial Analyst in the Physics Department at Yale University, responsible for monitoring and reporting over 30 research and development accounts, with annual funding for these accounts exceeding $3M. She also worked in the Provost office at Yale to assist with financial projects and prepare monthly grant commitment accounting statements and analytical financial reports.
Patricia has a BSBA Degree in Accounting from Western New England College and is certified in small business accounting and tax preparation from the Universal Accounting System. She also earned a certificate in non-profit bookkeeping from the Connecticut Non-Profits Center for Professional Development. Patricia is a member of the Old Saybrook Chamber of Commerce and E-women networking and volunteers for the Essex Lions Club. She resides in Essex, Connecticut with a variety of pets.
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