Mike Patten

/Mike Patten

About Mike Patten

Mike Patten, CPA has worked for local, regional, and national public accounting firms ranging from local CPA firms servicing individuals and small businesses and organization’s needs, to auditing multi-national publicly traded companies. In his own accounting practice, Michael has worked with and advised small businesses and start-ups, individuals, exempt organizations and estates and trusts in the areas of taxation, audits, cash flow management, estate planning, entity formation, and organizational management. Michael began his career in the Bay Area as a Staff Accountant for Timpson Garcia, LLP and quickly assumed managerial roles in the San Francisco offices of BDO USA, LLP and Moss Adams, LLP where he handed large scale and diverse audit projects on behalf of international companies with up to $300M in annual revenue. During his time in public accounting, he handled audits of publicly traded companies, technology, manufacturing and distribution, construction, real estate, retail, venture capital, and non-profit organizations. In addition, his tax experience at both local CPA firms that he worked for, and his own practice has focused on both tax compliance and tax savings strategies for small businesses and start-ups, individuals, estates and trusts, and exempt organizations. Mike received his MS in Accounting from the University of Illinois at Chicago and AB in Economics from the University of Georgia. In addition, to being a CPA he is a member of both the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants. He also was the Treasurer of an Oakland based Chartered High School for over five years.

Tax Advantages of the S-Corporation

Many people always talk about the tax advantages of the S-Corp versus a traditional C-Corporation or other entities as an LLC, or LLP. In general, the S-Corp is a corporation designed for small to mid-tier businesses who do not have to deal with the tax and accounting complications of a C-Corporation as avoiding the risk of double taxation, declaring dividends, additional taxation on excessive executive salaries, etc. combined with the corporate protection separating the business assets from your personal assets, just like a traditional C-Corporation. So, how does an S-Corp work? […]

By | January 6th, 2016|Taxes|0 Comments

Affordable Care Act (ACA) and Health Insurance for the Self-Employed

  The Affordable Care Act (ACA) over the past two years has changed the options for and costs for health insurance, especially for the self-employed. Self-employed taxpayers who are either single, or can’t get or their spouses or registered domestic partner’s health insurance plan, are required to get health insurance or pay a tax penalty of 2.5% of their modified adjusted gross income for tax years 2016 forward if they do not have health insurance. […]

By | December 18th, 2015|ACA, Financial, Insurance|0 Comments