Penrose & Associates

At Penrose & Associates, we specialize in providing reliable, personalized tax and accounting services for families and small businesses across Northern New Jersey and the surrounding areas.

We understand that your focus is on growing your business and managing your family’s financial goals—ours is ensuring your finances are clear, compliant, and positioned for success. From tax planning to everyday accounting support, we’re with you every step of the way, helping you make confident financial decisions for the future.

Trusted tax advice. Practical solutions. For families and small businesses.

family
Peace of Mind

Our team handles your books and finances with the utmost care and professionalism, so you can feel confident knowing your financials are in good hands. With us, you’ll have peace of mind knowing your money is being managed with precision and integrity.

Your finances deserve precision and care. Penrose & Associates keeps you prepared to the penny and helps you make the right money moves every step of the way. 

Fixed and Affordable Fees

We know how hard our clients work for their money, which is why we’re committed to helping them keep more of it. At Penrose & Associates, we offer expert financial guidance at fixed, affordable rates—giving you the insight of a seasoned CFO without the high cost.

business woman
Business Advice and Solutions

Our clients see us as more than accountants—they see us as partners and problem-solvers. We work closely with you and your team year-round, offering proactive advice and hands-on support to help you reach your financial and business goals.

Tax Services

We are experts in Tax Preparation and Accounting Services, combining meticulous attention to detail with exceptional customer care to guide you through everything from routine filings to complex tax situations.

Tax Preparation


Don’t let Uncle Sam take more of your hard-earned money than necessary—maximize your savings with smart, strategic tax planning.

Non Profit Accounting

We assist nonprofit organizations with every stage of financial compliance—from Form 990 preparation and state filings to securing 501(c)(3) tax-exempt status and more.

Accounting & Bookkeeping

Our accounting services include Small Business Accounting, Compilations & Reviews, QuickBooks support (Online and Desktop), Outsourced Accounting, Controllership, Nonprofit Accounting, and Budget & Financial Projections.

Payroll processing

Penrose & Associates takes the hassle out of payroll—managing your weekly, biweekly, monthly, or quarterly processing with accuracy and care.

Tax Preparation
and Advice

We handle your taxes with precision and care, ensuring you receive every deduction and credit you deserve—so you keep more of what’s yours, with complete confidence and peace of mind.

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Client Testimonials

What Our Clients Say

Penrose & Associates, LLC place picture
5.0
Based on 47 reviews
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HomeMade Kits profile picture
HomeMade Kits
18:54 18 Sep 25
I’ve been with Penrose and Associates for over 10 years, and their services have been remarkable year after year. The staff is always very friendly.
Response from the owner 14:17 24 Sep 25
Thank you so much for taking the time to leave us a review!
Doreen Hammond profile picture
Doreen Hammond
18:30 17 Sep 25
Penrose & Associates is an excellent company when filing income tax and for managing your finances. Ms. Penrose is a trusted confidant who is knowledgeable and professional in whatever business service she provides. I recommend her and her associates very highly and without reservation, to anyone who needs a reliable, trusted financial institution…..
Response from the owner 14:17 24 Sep 25
Thank you so much for taking the time to leave us a review!
Agyei Duggan profile picture
Agyei Duggan
13:52 17 Sep 25
Always on time with the payroll processing service for our business. An experienced team offering affordable business and personal accounting services
Response from the owner 18:05 17 Sep 25
Thank you so much for taking the time to leave us a review!
Celia L profile picture
Celia L
16:13 13 Sep 25
Patricia Penrose is a consummate professional, and that professionalism permeats the entire organization. I utilized their tax preparation services for the first time this year, and will definitely be working with them again next year. Pricing was reasonable.

The team members were professionally friendly, extremely helpful, service was impeccable and responses were timely. When I requested a minor adjustment to my files while I was out of town, the team member responded promptly and rectified the information immediately, and I did not experience any gaps in services.

Congratulations for excellent service. I will definitely be back next year.
Response from the owner 14:51 17 Sep 25
Thank you so much for taking the time to leave us a review!
Marci H. profile picture
Marci H.
15:41 11 Sep 25
I have been using Penrose and Associates for a few years now and have found them to be very competent and reliable. They have made business easier for us to manage. Thanks again
Response from the owner 14:50 17 Sep 25
Thank you so much for taking the time to leave us a review!
Katrina James profile picture
Katrina James
17:44 10 Sep 25
I have been a client of Penrose & Associates for several years for tax preparation and I am very pleased with their services. There has been conciseness in review of my taxes withheld along with other tax deductions and I have no complaints. Excellent service!
Response from the owner 14:50 17 Sep 25
Thank you so much for taking the time to leave us a review!
Damani Duggan profile picture
Damani Duggan
17:04 10 Sep 25
Have been working with penrose & associates for years. Top notch accountants with annual tax preparation
Response from the owner 14:50 17 Sep 25
Thank you so much for taking the time to leave us a review!
Eloise Gordon profile picture
Eloise Gordon
15:09 10 Sep 25
Response from the owner 14:50 17 Sep 25
Thank you so much for taking the time to leave us a review!
Alex Johnson profile picture
Alex Johnson
12:13 05 Sep 25
Excellent company and staff!! Patricia Penrose came highly recommended by a long-time close friend, and Patricia's work ethic and proficiency more than lived up to her top tier reputation. I will continue to hire Penrose & Associates for as long as they're available!
Response from the owner 15:34 10 Sep 25
Thank you so much for taking the time to leave us a review!
Donna Quinn profile picture
Donna Quinn
11:10 26 Aug 25
Penrose & Assoc. have been preparing my tax returns for years. They provide excellent service. Someone is always available to answer my questions. They always meet deadlines.
Response from the owner 15:34 10 Sep 25
Thank you so much for taking the time to leave us a review!
Xell52 profile picture
Xell52
22:11 14 Apr 22
Oral Patrick profile picture
Oral Patrick
15:52 05 Apr 22
Penrose and Associates were very responsive to my requests, and they quickly and accurately prepared our tax filings. I have been working with the firm for more thank 12 years. Thank you, Ms. Penrose, for an excellent job.
jennifer levine profile picture
jennifer levine
17:07 21 Jan 22
I have been a client of Penrose and Associates for over ten years. Great service
A Friend in Knead profile picture
A Friend in Knead
20:31 20 Jan 22
I’ve been with Penrose and associates for the last five years. Patricia and staff are always well-informe, helpful and on time.
Tomomi Lee profile picture
Tomomi Lee
17:33 18 Jan 22
I had always done my own taxes until 10 years ago when I received a tax bill from my state for $13,000! This was clearly a mistake but I didn't want to deal with them myself so I went to Penrose & Associates for help. Ms Penrose contacted the state for me and the error was resolved quickly. Since then I have been a client each year and I have always received excellent service from Penrose and Associates. I highly recommend Ms Penrose and her team!
Peggy Robinson profile picture
Peggy Robinson
11:22 25 Dec 21
Staff is very professional. I took 4 years of Returns and they were completed on time. I had an appointment to pick them up. Ms. Penrose discussed each years Return with me and answered all my questions and made me very comfortable. One of the Returns, she called the IRS to straighten out a matter. I highly recommend Penrose & Associates.
Carlton Brown profile picture
Carlton Brown
06:18 09 Dec 21
I have been a client of Penrose & Associates for over 3 years. I have to say they are indeed the best never been dissatisfied or disappointed. Talk about Professional and know the job that's Penrose & Associates.
Phillicia DaCosta profile picture
Phillicia DaCosta
14:21 08 Dec 21
Penrose & Associates has courteous and responsive administrative staff. Scheduling has always been convenient and relatively quick, even during the height of tax season. Working with Ms. Penrose has increased my own knowledge of tax policy, especially with changes over the past few years. I would absolutely recommend her services. Her rates are also very competitive with others in the areas.
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