Our Services
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Standard tax return preparation with tax strategy. We don’t just complete a tax return with information you provide, we work with you to plan for the appropriate tax approach both now and in the future so that you take advantage of the tax strategies that are available for your specific fact pattern.
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We perform the traditional bookkeeping function—we categorize transactions as they are populated into your bookkeeping software (QuickBooks, Zoho, Xero, Wave, etc)—but more importantly, we help structure and organize your financial records so that your chart of accounts is appropriate and set up for tax purposes and financial reporting requirements.
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This service takes bookkeeping and tax compliance to the next level, offering the ability to have bimonthly financial reporting meetings to strategize next steps for growth and tax efficiencies.
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We help manufacturers, software development firms, and those in the Architectural/ Engineering/ Construction industries calculate, document, and defend the R&D tax credit. With recent law changes, it is more important than ever to find a trusted provider who will provide the robust deliverable necessary to substantiate an R&D tax credit claim.
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We provide data analytic services for specific projects to provide key insight into business metrics. Most of these types of services may be included within the outsourced CFO services package if that is selected.
About Us
Patrick A Mulroy Consulting LLC specializes complex tax compliance and tax planning engagements, offering more than your typical tax return preparation. We also provide detailed bookkeeping and outsourced CFO services, allowing you to do what you do best — working within your business and leaving the backend accounting and financial work to our trusted team with years of experience servicing a vast array of companies — from start-ups through the Fortune 500. We provide a mix of business acumen and professional expertise of a public accountant and the data and programming expertise of a software professional. A synergy that provides a unique option for clients wanting more dedicated support and tax strategy/ planning than their current traditional tax preparation.
If you are looking for more from your tax accountant than completing taxes quickly using the 'same as last year' approach, then you should consider setting up an introductory call with us so that we can evaluate opportunities for tax savings and areas of non-compliance.
Specific to tax savings, we have substantial experience in federal and state tax credits that provide clients with a significant tax savings. The relevant federal and state tax law and related case law are extraordinarily complicated, but our team has expertise in navigating these laws and ensuring that clients receive the benefit that they qualify for.
Our data analytics services are designed to reduce labor-intensive aspects of a process and to simplify your approach. If you are completing daily/weekly/monthly tasks and find yourself thinking that there has to be an easier way to get this done, then we can help implement software technology solutions that lower your effort into mundane/repetitive tasks.
Quality
Integrity
Empower
Quality Integrity Empower
Our Core values differentiate Patrick A Mulroy Consulting LLC from other financial providers. We focus on the client first, providing services with the utmost quality and integrity in a manner that aims to empower small businesses by providing a large firm work product.
Patrick Mulroy, CPA
Director
About Patrick
Patrick's public accounting experience has focused primarily on tax consulting services. Patrick started his career at PwC as a Credits and Incentives consultant where he specialized in the calculation of Federal and State R&D Tax Credits. While at PwC, he was selected for a program where he trained and enhanced his skills in computer programming, automation, and artificial intelligence. In 2019, Patrick joined an R&D Tax Consulting firm in Houston, Texas where he dedicated a significant amount of time to serving small and medium-sized clients as well as start-up firms. Patrick has a proven record defending R&D Tax Credit claims selected for review in IRS audits. In 2021 Patrick jumped into small business ownership himself with a focus of providing tax compliance and consulting services to businesses.
Patrick has experience across a wide range of industries including architecture/engineering/construction, software technology, and manufacturing. He graduated from Marquette University with a bachelor’s degree in Business Administration, with majors in both Accounting and Operations and Supply Chain Management.
R&D Tax Credit - Industry Qualifying Examples
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Companies that develop new or improve existing software will likely qualify for the R&D Tax Credit. Typically, development activities using the Agile or Waterfall methodology will likely qualify. Qualifying activities within this industry include:
Developing Architecture, Algorithms, Platforms, and Systems;
Testing (Unit, Integration, System, Acceptance, Regression, etc...);
Creating and/ or Enhancing Features;
Developing Mobile Applications;
Programming; and much more!
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Companies that design new building or structural plans will likely qualify for the R&D Tax Credit. Qualifying activities within this industry include:
Design and Calculations;
Development Plans;
Foundation, Earthwork, and Site Condition Analysis;
Computer-aided Design Modeling and Testing;
Value Engineering/ LEED Certification; and much more!
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Companies that produce new products or improve upon their manufacturing process will likely qualify for the R&D Tax Credit. Qualifying activities within this industry include:
New Product Design and Development;
Existing Product Improvement (increasing performance, quality, etc...)
Tooling Requirements and Design;
Robotics Technology Process Development;
Packaging Improvements;
Die/ Template Designs; and much more!
Contact Us
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