Category: Tax Season Things you need to know!

Income Tax Preparation Services in Scottsdale, AZ: Tax Savings for 2014

TAX SAVINGS 2014   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! From NATP National Association of Tax Practitioners. I am a member of this fine organization. Tax Increase Prevention Act of 2014 […]

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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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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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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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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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Taxes for Rental Property. What I Need to Know for Income Taxes?

Residential Rental properties are depreciated over 27.5 years. Although there is more than one depreciation method, the most important thing to remember is that 27.5 years is the correct depreciation period to use. Commercial rental properties are depreciated over 39 years. Did you know, there is a way to shorten the life of residential rental […]

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Top 10 Tax Deductions for Professional Business Owners

First, there are many, many more top tax deductions than just 10. In fact, many deductions are commonly missed. Herman Wouk, a famous author once said “income tax returns are the most imaginative fiction being written today”. I say that missing income tax deductions is not an imaginative fiction because most business owners miss this […]

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Reduce Your Automobile Taxes

Automobile and vehicles tax breaks used to reduce your taxes. Knowledge is power when you know the rules! I consistently get this question from my Phoenix CPA firm and national tax preparation firm: “my vehicle has been fully depreciated. I heard somewhere where IRS is allowing 56.5 cents per mile for vehicle mileage. I want […]

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Taxes for IT Consultants and Other Consultants

As a Phoenix tax CPA and accounting firm, I am seeing a large increase in the number of IT consultants. Many companies are trying to reduce their costs due to the new ACA health care law and due to the requirements to offer retirement plan benefits to employees. The consultant is new to being on […]

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Take Advantage of New Tax Break for Repairs and Maintenance and Capitalized Assets

In most cases, IRS makes our lives more difficult by having to guess whether an expenditure should be classified to repairs and maintenance or “capitalized” which means moved out of an expense deduction and moved to an assets which has to be depreciated. For most of my career as a Phoenix CPA who has been […]

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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.

Get In Touch

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