Category: 2010 Tax Savings

Can I Write Off a Business Vehicle?

Now is the perfect time to reduce your taxes and enjoy a new vehicle.  Most clients believe that you must buy a new vehicle to get the fast and high big tax deductions through depreciation of section 179 and bonus depreciation. But this isn’t true. You just need to be the first owner (other than […]

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Year End Tax Savings Tip for Your Cash Basis Business

No what your taxable income is as of a specific date. Prepare your personal tax plan or have us help you prepare your customized tax plan. Compute how much that cash disbursements (from 100% deductible expenses) must exceed cash receipts (from income). Come up with an amount that expenses must exceed income to get into […]

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Car mileage rates for 2012, 2011 and 2010

IRS Announces 2012 Standard Mileage Rates, Most Rates Are the Same as in July IR-2011-116, Dec. 9, 2011 WASHINGTON — The Internal Revenue Service today issued the 2012 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2012, the […]

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Should I contribute to a ROTH IRA?

The answer is “YES” if: You are in the lower tax brackets such as the 15% tax rate. You expect to be in a higher tax rate when you pull the money out. Your child works in your business and you want to fund your child’s college education. You do not want to have to […]

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Tax Tips: Avoid an IRS Audit

IRS AUDIT LANDMINES TO AVOID Here is a copy of an email I sent to a doctor who was using another CPA firm: The business tax returns were “riddled” with IRS “red audit flag risk dangers”.  S corporation profit was too high compared to your payroll from the dental practice. This is the #1 IRS […]

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About Jeffrey Brooks

Jeffrey Brooks, CPA, CFP, MBA since 1976 has specialized in helping clients save significant taxes, help businesses increase their cash flow, revenues and profits while increasing their control and satisfaction. Jeff and his accounting firm sincerely cares about the happiness of his clients.

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JBrooks Wealth Advisors, PC.

Certified Public Accountant
Address: 4647 N 32nd Street, Suite B245
Phoenix, Arizona 85018
Phone: 602-292-2009
Email: jeff@jbrookswa.com