In addition to servicing manufacturing real estate and service clients, Pat specializes in trust accounting and tax preparation. Pat has over 30 years of experience in the accounting industry. She earned her Bachelor of Science in Accounting from Northeastern Illinois University in 1985 and became a Certified Public Accountant while staying at home with her children. Before joining the firm in 2001, Pat worked as a comptroller for a conglomerate of companies that included an insurance company, a cab company, and a taxi medallion loan company.
Pat has been married to Bruce for over 40 years. Together they have two children, Bruce Jr. and Bridget, as well as five grandchildren. Pat and Bruce both enjoy spending time with their family and grandchildren. Bruce is a small business owner, and he loves to golf and bowl. Pat is fond of golfing, bridge, photography, and gardening, as she has taken several classes at the Chicago Botanic Garden. In addition, she is the President of the Hill Family Scholarship Fund, which provides scholarships to high school students on the south side of Chicago.
Put your focus back on your business by handing your accounting work over to our firm. When you outsource your accounting function to us, you get a team of professionals working for you. We handle your complex tax and accounting work while providing you 24/7 access to your data—and all at a fixed, affordable monthly fee.
Next Generation Accounting Firms provide clients with the highest level of client service and professional support. At Coleman & Associates CPAs, Ltd., we go beyond the numbers to partner with clients—working year round to ensure you stay on a healthy financial path. We also offer an ...
It’s been said that timing is everything. With the reduction of individual income tax rates under the Tax Cuts and Jobs Act, now may be the right time to convert a traditional IRA to a Roth IRA.
The Section 179 deduction has long provided a tax windfall to businesses, enabling them to claim immediate deductions for qualified assets, instead of depreciating them over time. For 2019, the maximum deduction is $1.02 million, subject to a phaseout rule if more than $2.55 million of eligible property is placed in service during the tax year. Even better, the Sec. 179 deduction isn’t the only avenue for immediate tax write-offs for assets such as machinery and equipment. Under the 100% bonus depreciation tax break, the entire cost of eligible assets placed in service in 2019 can be written off this year. Contact us to learn how your business can maximize the deductions.
Business owners have been engaging in bartering transactions for hundreds of years. But if your company trades goods or services today, be aware there are tax consequences.