Patsy A. Porter CPA PA

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Patsy A. Porter CPA PA Committed To Your Success For more than twenty years, Patsy A. Porter, CPA, PA has been assisting small business owners accumulate wealth. Patsy A.

As a small business owner, I know that is it challenging to operating a cash-flowing and accumulate wealth. Small business owners get bogged down in the day-to-day operations of a business. We must set up processes to routinely to set up time to step back and evaluate our progress in accumulating wealth. Our Mission
Our mission is to help clients maintain financial viability in the present, while taking a proactive approach to achieve future goals. This requires open communication to reach an understanding of our clients' needs through research and sound analysis. Porter, CPA, PA is dedicated to meeting these goals with high standards of excellence and professionalism. We have been a staple of the area's business community for years, and pride ourselves on the level of esteem we have earned. Our dedication to hard work has earned the respect of the business and financial community in and around the area. We believe this to be a direct derivative of our talent and responsiveness to our client base. Whether you are a current or prospective client, rest assured that individuals and businesses who choose Patsy A. Porter, CPA, PA receive competent and timely advice.

Many 401(k) plans have “vesting schedules,” or timelines for when certain employer matching contributions become yours. ...
11/11/2026

Many 401(k) plans have “vesting schedules,” or timelines for when certain employer matching contributions become yours. So before you switch jobs, make sure you know what percentage of your retirement savings is vested. Some plans vest immediately, but others take several years to fully vest. If you leave before matching funds have vested, you may forfeit some or all of your current employer’s matches. Contact us at (913) 367-2707 for help with retirement planning as your career progresses.

When moving to a different state, changes to your state taxes on income and property may get most of your attention. But...
11/10/2026

When moving to a different state, changes to your state taxes on income and property may get most of your attention. But state estate taxes should also be part of the equation. Some states impose their own estate or inheritance taxes, often with exemption amounts significantly lower than the current federal exemption of $15 million. State rules also differ on tax rates and residency requirements for being subject to state taxes. Before relocating, call us at (913) 367-2707 for help reviewing how your destination state’s tax laws could affect your estate plan.

A strong personal financial strategy isn’t just about numbers. It’s about peace of mind. We can help you achieve it with...
11/09/2026

A strong personal financial strategy isn’t just about numbers. It’s about peace of mind. We can help you achieve it with tax strategies that maximize savings, retirement planning that fits your goals, and estate planning that protects your legacy. Ready to build a more secure future? Contact us at (913) 367-2707.

Professional — and now college — athletes could face unexpected tax bills if they don’t plan carefully. Multistate taxat...
11/06/2026

Professional — and now college — athletes could face unexpected tax bills if they don’t plan carefully. Multistate taxation used to be an issue only for pros. Now that college players earn revenue from profit-sharing and endorsement deals, they may need to worry about the “jock tax,” which many states and cities impose on income earned by athletes playing road games. Also, athletes need to consider their state of domicile before they receive signing bonuses or other large payments. For example, those moving from low-tax to high-tax states may want to negotiate to receive payments before they move. For these (and other) reasons, all paid athletes should get professional tax advice. Call us at (913) 367-2707 if you have questions about multistate taxation.

As the year winds down, smart businesses ramp up tax planning. The 4th quarter is your chance to make moves to lower you...
11/04/2026

As the year winds down, smart businesses ramp up tax planning. The 4th quarter is your chance to make moves to lower your 2026 tax bill. For example, buy qualifying equipment and put it into service before year end to take advantage of 100% first-year depreciation deductions. Accelerate or defer income depending on your projected tax bracket for this year and next. These are only a couple of the strategic steps you can take. Recent tax law changes may create additional tax-saving opportunities. Contact us at (913) 367-2707 to schedule a year-end tax planning session.

If you own a life insurance policy and your estate exceeds the gift and estate tax exemption amount, a portion of its pr...
11/03/2026

If you own a life insurance policy and your estate exceeds the gift and estate tax exemption amount, a portion of its proceeds could be lost to estate tax. If you don’t own the policy, the proceeds won’t be included in your taxable estate. Using an irrevocable life insurance trust (ILIT) can keep life insurance policies out of your estate. An ILIT owns one or more policies on your life, and it manages and distributes policy proceeds according to your wishes. You aren’t allowed to retain any powers over the policy, such as the right to change the beneficiary. Contact us at (913) 367-2707 to discuss whether an ILIT might be appropriate for your situation.

It’s the fourth quarter, small business owners. That means, just like in a football game, you have limited time to make ...
11/02/2026

It’s the fourth quarter, small business owners. That means, just like in a football game, you have limited time to make winning moves — in this case, to lower your taxes for 2026. Many year-end strategies require time to evaluate, implement and document properly. Waiting until the last minute may leave you with little choice but to punt and hope for the best. The sooner you begin planning, the more options you may have in your tax-saving playbook. Call us at (913) 367-2707 to huddle up and discuss a game plan tailored to your business.

The IRS has released its 2026–2027 per diem rates for certain business travel expenses, effective Oct. 1, 2026. Under th...
10/30/2026

The IRS has released its 2026–2027 per diem rates for certain business travel expenses, effective Oct. 1, 2026. Under the high-low substantiation method, the rate for lodging, meals and incidental expenses for travel to high-cost localities within the continental United States (CONUS) rises to $329 per day, from $319. The rate for other CONUS localities rises to $230, from $225. The portion attributable to meals remains $86 for high-cost areas and $74 for other areas. The incidental-expenses-only rate remains $5. Employers can pay more than the IRS per diem rates, but excess amounts generally must be substantiated or treated as taxable wages. Contact us at (913) 367-2707 to learn about all your options for substantiating business travel expenses.

As your business grows, more people may need access to your accounting system. But when was the last time you reviewed t...
10/28/2026

As your business grows, more people may need access to your accounting system. But when was the last time you reviewed the system’s user permissions? Outdated or excessive access can increase the risk of fraud, errors and unauthorized changes to your financial records. Year end is a good time to do some housekeeping. Confirm that employees and outside service providers have only the access they currently need. Pay special attention after employees change roles or leave your business, or when you switch vendors. We can help evaluate your accounting system’s security settings and strengthen internal controls. Call us at (913) 367-2707 to get started.

Simple mistakes can prevent you from reaching retirement goals. The biggest error is not saving enough. If you expect to...
10/27/2026

Simple mistakes can prevent you from reaching retirement goals. The biggest error is not saving enough. If you expect to maintain your current lifestyle in retirement — which could last three decades or more — you’ll need to accumulate a surprisingly large sum. We can help set up a savings plan you’ll stick to. Call us at (913) 367-2707.

Address

221 N 6th Street
Atchison, KS
66002

Opening Hours

Monday 9am - 4pm
Tuesday 9am - 4pm
Wednesday 9am - 4pm
Thursday 9am - 4pm

Telephone

+19133672707

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