Category: Restaurant

S corporation tax planning ideas that save taxes!

By Jeffrey Brooks, CPA, CFP, MBA for Jbrooks Wealth Advisors, PC, a Professional CPA and CFP Firm jeff@jbrookswa.com 602-687-9900 x101 This information is modified from a tax seminar that I presented to a few of our CPA firm clients who have S Corporations. This information should not be relied on since each client’s situation is […]

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Most common questions from Restaurateurs!

By Jeffrey Brooks, CPA, CFP, MBA for Jbrooks Wealth Advisors, PC, a Professional CPA and CFP Firm jeff@jbrookswa.com 602-687-9900 x101 Restaurateur questions your CPA should know the answer to: 1. Can I prepay some of my restaurant expenses in December 2012 and get a deduction? 2. What is a very simple and fast way to […]

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Is it smart to shift income into 2012 from 2013 due to the expected tax increases?

Is it smart to shift income into 2012 from 2013 due to the expected tax increase? By Jeffrey Brooks, CPA, CFP, MBA for Jbrooks Wealth Advisors, PC, a Professional CPA and CFP Firm jeff@jbrookswa.com 602-687-9900 x101 My recommendation is to not let the “tail wag” the dog and create income in 2012 to avoid the […]

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Health Savings Accounts(HSA) are a great deduction but be careful!

Health Savings Accounts(HSA) are a great deduction but be careful! By Jeffrey Brooks, CPA, CFP, MBA for Jbrooks Wealth Advisors, PC, a Professional CPA and CFP Firm jeff@jbrookswa.com 602-687-9900 x101 I just recently spoke with one of our wonderful clients (I will call him “Dan”, his wife “Debbie” and their dependent college student son, “Darrell) […]

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IRS tax notices are increasing but so are IRS errors!

IRS Notices increasing but so are IRS Errors! By Jeffrey Brooks, CPA, CFP, MBA for Jbrooks Wealth Advisors, PC, a Professional CPA and CFP Firm jeff@jbrookswa.com 602-687-9900 x101 Receiving an IRS form CP2000 does not necessarily mean that you will owe a lot of income taxes. Why? Because, the good news is that 1 in […]

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2012 & 2013 tax predictions that will save you taxes!

Income tax predictions of what will probably happen to taxes in 2012 and 2013 by Jeffrey Brooks, CPA, CFP, MBA for JBrooks Wealth Advisors, PC, a Professional CPA and CFP Firm jeff@jbrookswa.com 602-687-9900 x101 Here are my predictions based on what I know as of 8-16-2012: 1. The IRS will increase the number of audits […]

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How a CPA gets the most out of his meetings in Scottsdale, Phoenix, and Paradise Valley

How to get the most out of your meeting Notes using GTD ™ forum, Outlook ™ follow up flags and my best ideas from Scottsdale, Phoenix, and Paradise Valley! By Jeffrey Brooks, CPA, CFP, MBA for JBrooks Wealth Advisors, PC. a CPA and CFP Professional Firm 602-292-2009 jeff@jbrookscpa.com I am always looking for better ways […]

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New Health Insurance rules result in higher taxes starting in 2013

Obama Health Plan causes higher taxes by Jeff Brooks, CPA for JBrooks Wealth Advisors, PC. jeff@jbrookswa.com Besides higher expected tax rates, a number of important tax increases will go into effect next year. These include higher health insurance taxes for high earners, a 3.8% surtax on unearned income of higher-income individuals, and caps on flexible […]

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Reduce your taxes by renting your building to your business

Did you know about this tax planning strategy to reduce self-employment tax by increasing the rent charged to your business by your rental property? by Jeffrey Brooks, CPA, CFP, MBA for JBrooks Wealth Advisors, PC., a CPA and CFP Firm. 602-292-2009 Business owners who own their own buildings can withdraw money from their closely held […]

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Business owner’s Travel, Meals and Entertainment Deductions

By Jeffrey Brooks, CPA, CFP, MBA for JBrooks Wealth Advisors PC 602-292-2009 For several years, I taught for the American Institute of CPAs tax course on travel, meals and entertainment. Can you deduct travel costs when you are away from home for personal purposes? NO. When can you deduct travel costs? Would you like some […]

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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