Category: CPA Tax Preparers

TAX PREPARATION SECRETS for INDEPENDENT CONTRACTORS from your Tax Coach in Paradise Valley

TAX PREPARATION SECRETS for INDEPENDENT CONTRACTORS from your Tax Coach   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!     We are a Phoenix CPA firm that is nationally recognized for tax […]

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PARTNERSHIP TECHNICAL TERMINATION & S CORPORATION ELECTION

PARTNERSHIP TECHNICAL TERMINATION & S CORPORATION ELECTION TAX RAMIFICATIONS NEED TO BE UNDERSTOOD! I received a call from a client (who I will call Joe) that his partner was bought out about 8 months ago in November and he had decided to elect S corporation status but had received a letter back from the IRS […]

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How to Reduce Taxes by Gifting, from an Accountant in Scottsdale, Phoenix, and Paradise Valley

HOW TO REDUCE YOUR INCOME TAXES BY GIFTING TO YOUR CHILDREN OR PARENTS By Jeffrey Brooks – CPA. Please consult with your professional tax CPA regarding your specific circumstances! You 25 year old adult child is having trouble financially so you gift cash to help her out. Did you know that this is not a […]

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Local CPA Firm to Help You to Save Thousands of Dollars on Taxes

WHY DO BUSINESS OWNERS IGNORE REDUCING THEIR INCOME TAXES? 1. Business owners think they do not have the time to learn how to reduce their taxes. False, it doesn’t take very much time! 2. All of us are motivated to act based on urgency and what we think is easy. Just like brushing our teeth, […]

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Business Cash Balance Equal Taxable Income

Does your business cash balance equal taxable income? Will zeroing out the bank account eliminate your business income taxes?   Again today I was asked a question that I am asked at least quarterly “Jeff, I know if I can get rid of all of the cash in my check book by the end of […]

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Multiple States of Operations-What you need to know!

Jack Client: Jeff, we are opening a second location in California in addition to our Arizona location. Will we owe tax in California? Jeff: Jack, when you have more than one state that you have a presence or “nexus” through an office, a restaurant or a factory, a portion of your businesses taxable income has […]

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Paying Too Much Tax as a Schedule C Self- Employed Business Owner

You work hard 50 to 60 hours per week working and building your business to success and then you are surprised when you find out you owe a “ton” of income taxes, penalty and interest. It doesn’t have to be that way. I am talking about what is commonly known as sole proprietorship filed as […]

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Health Savings Accounts are Not as Simple as They Look

I recently sent an email to Jack that read: Jack, under code section 223(b)8, if you are NOT in a high deductible Health Plan or also known as HDHP on 12-31-13, the entire deduction is disallowed. What is a HDHP. It is health insurance has a deductible over $1,249 for single coverage and $2,499 for […]

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Tax Reform in 2014

I think there is a good chance that will happen because the Republicans and Democrats are not that far apart! Among the highlights of the proposed Tax Reform Act of 2014 are the following: • New Individual and Corporate Rate Structure:Flattens the code by reducing rates and collapsing today’s brackets into two brackets of 10 […]

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Is it Time to Change CPA Tax Preparers

Is your CPA tax preparer making you do too much work?Please consult with your professional tax CPA regarding your specific circumstances! The Phoenix CPA tax preparers job is to make your job easier not more difficult! Many tax accountants are being sold on using a “portal” where you, the client have to memorize a user […]

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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