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Magnolia
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Magnolia
Showing 1 to 3 of 3 CPAs in Magnolia, Mississippi
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Emmett C. Hennessey
Certified Public Accountant
Verified Licensed
Location Magnolia, Mississippi 39652
Emmett C. Hennessey, a certified public accountant with over 12 years of experience, provides financial expertise to individuals and family-owned enterprises in Magnolia, Mississippi. He specializes in basic accounting services, small business accounting, and individual tax services, offering tailored solutions to meet clients' unique needs. As a seasoned practitioner, Hennessey's services include IRS representation, bookkeeping, and financial statement compilation, ensuring compliance with regulatory requirements and facilitating informed decision-making.
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Leigh P. Taylor
Certified Public Accountant
Verified Licensed
Location Magnolia, Mississippi 39652
Based in Magnolia, Mississippi, Leigh P. Taylor provides accounting services to individuals and families, as well as small and medium-sized businesses in the region. With over 15 years of experience, Taylor specializes in providing basic accounting services, financial planning, and tax compliance to her clients. Her expertise in sales tax compliance and tax planning consulting has been instrumental in helping businesses navigate complex regulatory requirements.
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Michael S. Webb
Certified Public Accountant
Verified Licensed
Location Magnolia, Mississippi 39652
Located in Magnolia, Mississippi, Michael S. Webb provides general accounting and advisory services to clients throughout various business structures, including S-Corps, partnerships, and LLCs. With over 15 years of experience in accounting and taxation, he specializes in offering basic accounting services, individual tax services, and small business accounting solutions tailored to the needs of family-owned enterprises. Mr. Webb is well-versed in sales tax compliance, and his expertise spans a broad range of industries, including those with complex tax requirements and regulations.

Mississippi's CPA community serves a traditional economy with agriculture, manufacturing, and growing gaming industry. The Mississippi State Board of Public Accountancy requires 150 semester hours for licensure. CPAs must complete 120 hours of continuing professional education every three years, including 4 hours of ethics and minimum accounting/auditing requirements.

Key Tax Considerations: Mississippi has graduated individual income tax up to 4.7% and corporate income tax up to 4%. CPAs commonly handle state income tax compliance, sales tax, and various economic development incentives offered to attract and retain businesses. The gaming industry along the Gulf Coast and Mississippi River creates specialized needs for gaming tax compliance and internal controls. Agricultural tax planning remains important in rural areas.

Industry Specializations: Agriculture (cotton, soybeans, catfish farming), manufacturing (automotive, furniture, aerospace), gaming and hospitality, healthcare, energy, forestry, and higher education are key practice areas. CPAs often develop expertise in gaming compliance and controls, agricultural cooperatives, or serving the automotive manufacturing supply chain that has grown in recent decades.

For CPA Professionals: The Mississippi Society of CPAs serves practitioners across the state. Major markets include Jackson (state capital and largest city), the Gulf Coast (gaming and tourism), Tupelo, and university towns like Oxford and Starkville. The state offers very low cost of living and Southern lifestyle, though it faces economic challenges and lower compensation compared to many states. Rural areas often experience CPA shortages, creating opportunities for practitioners comfortable serving smaller communities and agricultural clients.