Penrose & Associates, LLC is an established New Jersey CPA firm which provides accounting, payroll, tax preparation and business advisory services to small businesses and individuals throughout the Northern New Jersey area.
Recognizing that each client has unique goals, we tailor our services to meet their specific needs, therefore we have individualized services for clients in industries like medical & dental, real estate, legal and other professional services. These individualized services have enabled us to address their industry specific challenges, compliance needs and standard tax practices. We approach each client relationship as if we are partners in their business. We take the time to know and understand their business and individual financial needs so that we may deliver the personalized service that is deserved and expected. With our hands-on approach to client service and our creativity and experience, we are able to advise clients of current changes and concerns that might arise before they become problems. As a result, we stay involved with our clients and their businesses throughout the year.
Patricia is a Certified Public Accountant, certified in the State of New York, with over twenty (20) years experience in accounting, auditing, taxation and other financial services. She is a member of the American Institute of Certified Public Accountants. Patricia holds a Master of Business Administration in Finance from Fordham University and a Bachelor of Business Administration in Accounting from Pace University. Patricia began her career at the accounting firm of Arthur Andersen in New York and subsequently moved to JP Morgan Chase where she worked as a Senior Audit Analyst. In addition, she was the Assistant to the Controller at Sumitomo Trust Bank and a VP of Accounting Policies at Calyon Investment Bank. Patricia also taught accounting at the undergraduate level at Monroe College in New York.
Patricia’s diverse background and uncommon ability to listen and understand provides her clients the opportunity to tap into her experience for business advice and guidance.
Jay Hill, a partner with Penrose & Associates and comes with over 30 years of accounting, taxes, and finance experience. He graduated from Hunter College in NYC with a Bachelor’s degree in Accounting and subsequently attended Columbia University earning a Certificate in Database Application Development and Design. Mr. Hill started his accounting career working for the Legal Aid Society in New York City as an auditor and moved on to work for the CPA firm of Johnson & Guthman. He also worked for the brokerage security firm of Liberty Government Securities Group on Wall Street. Thereafter, he worked for various firms including a university in Bergen County, New Jersey as well as the money transmitting company of Servicio UniTeller, Inc. While at Servicio as an Assistant Controller, he took up a project on his own to import cash receipts transactions in the accounting system thereby reducing inputting time significantly! Since then he has developed a technique, using primarily MS Excel, to make the accounting process more efficient.