Category: Restaurant

What are my chances of being audited?

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!   What are your chances for being audited? IRS’s 2012 data book provides some clues The IRS date book gives us some clues of what […]

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Mortgages Ltd IRS tax deduction write- off

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! This blog is NOT to be taken as advice to that should be relied on.   Ironically I worked for Mortgages Limited as the Chief […]

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How do you make the decision whether to fund your businesses retirement plan? What is being proposed to change business taxation?

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 I want to discuss what factors play into whether your business should fund your business retirement plan when you have employees!   ABC S […]

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You still have time to correct 2012 Roth Conversion from your IRA!!

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!   Did you convert taxable IRA funds to a Roth IRA at the end of December 2012? If you did, you still have some time […]

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The NEW TAX ACT-What you need to know!

Overview of the tax provisions in the 2012 American Taxpayer Relief Act Dear Client, The recently enacted 2012 American Taxpayer Relief Act is a sweeping tax package that includes, among many other items, permanent extension of the Bush-era tax cuts for most taxpayers, revised tax rates on ordinary and capital gain income for high-income individuals, […]

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When can you and when can’t you take your child as a dependent? What if your child turns 24 in 2012?

When can you and when can’t you take your child as a dependent? What if your child turns 24 in 2012? 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! Can you take your […]

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1099 rules that you need to know to avoid penalties and 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! IRS is getting tougher on failure to file 1099s. ALWAYS get the W-9s BEFORE independent contractor begins work. IRS auditors ALWAYS want to make sure […]

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Restaurant gift certificate liability. When is a gift certificate or gift card income?

Are you correctly recording Gift Certificate/Card liability? IRS audits always audit Gift Certificate/Card Liability? 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. We are specialists in helping restaurateurs with restaurant industry taxation. Most restaurateurs […]

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New Tax Act What you need to know! Fiscal Cliff tax changes.

FISCAL CLIFF NEW TAX ACT 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 new act is called the Family And Business Tax Cut Certainty Act Of 2012 although it passed the house […]

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Tax Service Regarding Equipment Rentals in Scottsdale, Phoenix, or Paradise Valley

Renting Equipment to your Corporation:  What is the correct way and the incorrect way? 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!  Phoenix , Arizona tax preparer Rent equipment to your corporation or […]

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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