Category: 2013 Tax challenges and tax savings

Successful business owner guide to the secret of reading faster

The successful business owner guide to the secret of reading faster. How to make more money while helping more people by knowing the secret of reading better! My grandmother reiterated the importance of learning. My grandfather kept saying “you have a choice to make something of Yourself or not young man” My older sister Sherry […]

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Should you buy rental property for the tax benefits?

A client “Bob” is looking at buying a summer home in Michigan to get away from the summer heat in Arizona. Bob was born in Michigan and has fond memories of his growing up and enjoying the Michigan summers. Bob: Jeff, my wife “Sally” told me that the reason some people with a lot of […]

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Arizona Tax Credits 2013 Save income taxes now by donating to public and private schools, the Working Poor and The Arizona Military Family Relief

Additional AZ Private School PLUS credit: By Jeffrey Brooks, CPA, CFP, MBA for JBrooks Wealth Advisors, PC The Arizona Private School Tuition Tax Credit Law, A.R.S. Section 43-1089 (nicknamed the Original Tax Credit), allows a single taxpayer to make a donation to private school  for up to $1017 and a married couple filing jointly to donate […]

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Personal use of company auto is being audited by the IRS – Lease Inclusion

The IRS is starting to ask during an IRS audit if personal use was added to the W-2 of all employees and how the personal use was calculated.  If no personal use of auto was added to the W-2, the IRS is assessing additional income to the owner employee. Subject to the requirements in Reg. […]

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How to be more competitive in the toughest economy since 1973

As I talk to a large number of our restaurant clients, I hear the same bad news about their decreasing sales. Empathizing with how bad they feel, I have given them ideas on how to increase their top line. However, some of them have a “down” attitude. Assuming that your outlook is also negative, your […]

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Restaurateurs need to understand how the expansion of new locations can cause major cash problems and loss of tax benefits

Although 8 out of every 10 restaurants fail, those restaurants that exceed normally open a second location. The reasons for opening a second location include: 1.The restaurateur has previously successfully grown a restaurant chain. Many of the restaurateurs who I have worked with have successfully been able to obtain as much as 10 times EBITDA […]

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Dentists that are sole owners should usually select S Corporations

The number one reason that I like S corporation as the best choice for a dental practice owned by one shareholder is that the payment of payroll taxes can be reduced.  Although the IRS has been closely scrutinizing the amount of payroll S corporations should pay, I have found that when payroll is higher than […]

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Tax savings and tax reduction:What kind of simple accounting system should I buy for my small business for tax purposes? Can Quicken™ and QuickBooks™ use result in Real Tax Savings for 2013?

What kind of simple accounting system should I buy for my small business for tax purposes?  Can Quicken™ and QuickBooks™ use result in Real Tax Savings for 2013?   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 […]

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How to answer or reply to IRS Letter 5036 regarding 1099K?

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! Our goal is to be the best CPA firm in Phoenix and Arizona. We are a Phoenix CPA and tax preparation firm that specializes in […]

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New tax act could cause you to owe more income tax. What do you do if you do not have enough money to pay your income taxes for 2013 and previous years?

What are the effective strategies for high bracket people to manage with the new tax rules? 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! First you need to make sure to keep current […]

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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