HOW TO REDUCE YOUR TAXES FROM YOUR BUSINESS.   By Jeffrey Brooks, CPA, CFP, MBA for JBrooks Wealth Advisors, PC, a Professional CPA and CFP Firm  jeff@jbrookswa.com  602-292-2009  Please consult with your professional tax CPA regarding your specific circumstances!   THE ADVANTAGE OF SELECTING A C CORPORATION AND AVOIDING HAVING TO USE A DECEMBER 31YEAR […]

DID THE NET INVESTMENT INCOME TAX AFFECT YOU IN 2014?   By Jeffrey Brooks, CPA, CFP, MBA for JBrooks Wealth Advisors, PC, a Professional CPA and CFP Firm  jeff@jbrookswa.com  602-292-2009  Please consult with your professional tax CPA regarding your specific circumstances!     To you the reader:  If you are married and have adjusted gross […]

HOW TO REDUCE YOUR TAXES?   By Jeffrey Brooks, CPA, CFP, MBA for JBrooks Wealth Advisors, PC, a Professional CPA and CFP Firm  jeff@jbrookswa.com  602-292-2009  Please consult with your professional tax CPA regarding your specific circumstances!   The simple answer is this: BY HAVING MORE PERSONAL CASH TO CONTRIBUTE TO YOUR BUSINESS to PREPAY EXPENSES […]

OWING TOO MUCH UNNECESSARY INCOME TAXES   BY JEFFREY BROOKS, CPA, CFP, MBA FOR JBROOKS WEALTH ADVISORS, PC, A PROFESSIONAL CPA AND CFP FIRM  JEFF@JBROOKSWA.COM  602-292-2009  PLEASE CONSULT WITH YOUR PROFESSIONAL TAX CPA REGARDING YOUR SPECIFIC CIRCUMSTANCES!   WALLY and Winnie Winner became clients of my CPA and CFP firm after suffering a shock when […]

TAX SAVINGS LOOPHOLE: By Jeffrey Brooks, CPA, CFP, MBA for JBrooks Wealth Advisors, PC, a Professional CPA and CFP Firm  jeff@jbrookswa.com  602-292-2009  Please consult with your professional tax CPA regarding your specific circumstances! The legal tax loophole is getting cash into your business bank account that is not taxable because it  did not come from […]

Save Thousands of dollars staying on the Cash Basis method! By Jeffrey Brooks, CPA, CFP, MBA for JBrooks Wealth Advisors, PC, a Professional CPA and CFP Firm  jeff@jbrookswa.com  602-292-2009  Please consult with your professional tax CPA regarding your specific circumstances!   I will simplify by telling you that this is the first year of the […]

 THE BEST TAX LOOPHOLE IS CASH BASIS INSTEAD OF ACCRUAL BASIS. CASH BASIS VERSUS ACCRUAL BASIS: WHAT IS THE DIFFERENCE BETWEEN AN ACCRUAL AND A CASH BASIS AND WHY IT IS IMPORTANT TO KNOW THE DIFFERENCE? You are very fortunate  if your business is allowed to use the Cash basis.   Why? Because the cash basis is […]

THE STORY OF HOW WALLY AND WINNIE WINNER AND LOOIE AND LOUISE LOSER MANAGE THEIR INCOME TAXES   By Jeffrey Brooks, CPA, CFP, MBA for JBrooks Wealth Advisors, PC, a Professional CPA and CFP Firm  jeff@jbrookswa.com  602-292-2009  Please consult with your professional tax CPA regarding your specific circumstances!   In this blog we will tell […]

I need help filing my LLC is a common request!   By Jeffrey Brooks, CPA, CFP, MBA for JBrooks Wealth Advisors, PC, a Professional Phoenix CPA and CFP Firm  jeff@jbrookswa.com  602-292-2009  Please consult with your professional tax CPA regarding your specific circumstances!   Gayle came into my office and said “I need a Phoenix tax preparer […]

Entrepreneurs  business owners can reduce significantly 2015 income taxes!!   By Jeffrey Brooks, CPA, CFP, MBA for JBrooks Wealth Advisors, PC, a Professional CPA and CFP Firm  jeff@jbrookswa.com  602-292-2009  Please consult with your professional tax CPA regarding your specific circumstances!     I receive  a large number of calls from repeat clients every year in […]