For over 60 years, Robison, Johnston & Patton, LLP and its predecessors have been providing quality, personalized financial guidance to individuals and businesses. Our expertise ranges from basic tax management and accounting services to more in-depth services such as audits, financial statements, and consulting.
Robison, Johnston & Patton, LLP serves clients in diverse and specialized industries including agribusiness, construction, government, manufacturing, medical, not-for-profit, oil and gas, restaurants and bars, and more.Robison, Johnston & Patton, LLP is one of the leading firms in and throughout the area. By combining our expertise, experience and the team mentality of our staff, we assure that every client receives the close analysis and attention they deserve.
Our dedication to high standards, hiring of seasoned tax professionals, and work ethic is the reason our client base returns year after year. Our mission to provide services of a superior caliber and to help our clients accomplish their goals by providing the highest quality accounting, audit, tax, and related professional services.
Robison, Johnston & Patton, LLP serves clients in diverse and specialized industries including agribusiness, construction, government, manufacturing, medical, not-for-profit, oil and gas, restaurants and bars, and more.Robison, Johnston & Patton, LLP is one of the leading firms in and throughout the area. By combining our expertise, experience and the team mentality of our staff, we assure that every client receives the close analysis and attention they deserve.
Our dedication to high standards, hiring of seasoned tax professionals, and work ethic is the reason our client base returns year after year. Our mission to provide services of a superior caliber and to help our clients accomplish their goals by providing the highest quality accounting, audit, tax, and related professional services.
Services
Robison, Johnston & Patton, LLP provides a wide range of services to individuals and businesses in a variety of industries.
At Robison, Johnston & Patton, LLP, we strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment.
At Robison, Johnston & Patton, LLP, we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals.
At Robison, Johnston & Patton, LLP, we strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment.
At Robison, Johnston & Patton, LLP, we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals.
Bill has over 35 years of experience in public accounting, in the areas of auditing, financial statement services and tax planning and preparation.
He provides planning and support services to clients in many services industries, including agricultural, pharmaceutical, medical, construction, governmental, and many others.
He is a member of the Texas Society of CPA's and the American Institute of Certified Public Accountants.
Bill is a graduate of Texas Tech University and enjoys spending time with his family, all sports, especially basketball and any outdoor activity.
He provides planning and support services to clients in many services industries, including agricultural, pharmaceutical, medical, construction, governmental, and many others.
He is a member of the Texas Society of CPA's and the American Institute of Certified Public Accountants.
Bill is a graduate of Texas Tech University and enjoys spending time with his family, all sports, especially basketball and any outdoor activity.
Have you just started a new business?
Did you know expenses incurred before a business begins operations are not allowed as current deductions?
Generally, these start up costs must be amortized over a period of 180 months beginning in the month in which the business begins.
However, based on the current tax provisions, you may elect to deduct up to $5,000 of business start-up and $5,000 of organizational costs paid or incurred.
The $5,000 deduction is reduced by any start-up or organizational costs which exceed $50,000.
Did you know expenses incurred before a business begins operations are not allowed as current deductions?
Generally, these start up costs must be amortized over a period of 180 months beginning in the month in which the business begins.
However, based on the current tax provisions, you may elect to deduct up to $5,000 of business start-up and $5,000 of organizational costs paid or incurred.
The $5,000 deduction is reduced by any start-up or organizational costs which exceed $50,000.
Following are some generally recognized financial planning tools that may help you reduce your tax bill.
Charitable Giving - Instead of selling your appreciated long-term securities, donate the stock instead and avoid paying tax on the unrealized gain while still getting a charitable tax deduction for the full fair market value.
Health Savings Accounts (HSAs) - If you have a high deductible medical plan you can open an HSA and make tax deductible contributions to your account to pay for medical expenses.
Charitable Giving - Instead of selling your appreciated long-term securities, donate the stock instead and avoid paying tax on the unrealized gain while still getting a charitable tax deduction for the full fair market value.
Health Savings Accounts (HSAs) - If you have a high deductible medical plan you can open an HSA and make tax deductible contributions to your account to pay for medical expenses.
It's possible there could be additional extensions, so check with your tax advisor for the latest information.
Individuals must pay the third installment of 2021 estimated taxes, if not paying income tax through withholding (Form 1040-ES).
Calendar-year corporations need to pay the third installment of 2021 estimated income taxes.
Calendar-year S corporations must file a 2020 income tax return (Form 1120S) and pay any tax, interest and penalties due, if an automatic six-month extension was filed.
Individuals must pay the third installment of 2021 estimated taxes, if not paying income tax through withholding (Form 1040-ES).
Calendar-year corporations need to pay the third installment of 2021 estimated income taxes.
Calendar-year S corporations must file a 2020 income tax return (Form 1120S) and pay any tax, interest and penalties due, if an automatic six-month extension was filed.
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