Brad Wooten
2021 Personal Budget Review
Every January 1st I look forward to sitting down and looking at our personal budget. Not everyone does it, but I think it's very informative
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Brad Wooten
- Jan 28, 2021
- 4 min
I got a letter from the IRS. Now what?
So you have received a dreaded letter from the IRS. Now what? Don't panic and don't bury your head in the sand. There is a way forward.
24 views
Brad Wooten
- Jan 15, 2021
- 3 min
Are you a year or more behind in filing your income tax returns?
Whatever your situation, Wooten CPA is here for you when you are ready to get caught up, and the sooner, the better.
8 views
Brad Wooten
- Jan 1, 2021
- 3 min
2020 Personal Budget Review
Every January 1st I look forward to sitting down and looking at our personal budget. Not everyone does it, but I think it's very informative
7 views0 comments
Brad Wooten
- Dec 15, 2020
- 4 min
2020 year end tax planning tips
If you wait until tax time, it's too late for the majority of your best tax savings strategies.
54 views
Brad Wooten
- Dec 14, 2020
- 3 min
Pick a fight with the IRS? Sure, why not?
Many people think that the IRS has the final word, but that isn't exactly accurate.
16 views
Brad Wooten
- Dec 4, 2020
- 3 min
IRS Notices: What do they mean?
Many times, simply understanding the notice can alleviate a lot of stress.
15 views
Brad Wooten
- Nov 4, 2020
- 5 min
IRS Collection Process: How does it work?
If you want to know what the next step should be, it's very helpful to understand the process that the IRS is following.
6 views
Brad Wooten
- Oct 27, 2020
- 3 min
What to do if you cannot pay the taxes?
I have helped many clients through that exact scenario. Fear not, there is a light at the end of the tunnel.
13 views
Brad Wooten
- Oct 21, 2020
- 3 min
Seriously, what are my chances of an IRS audit?
There actually are some things that will increase your chance of an IRS audit. What are they?
60 views
Brad Wooten
- Oct 19, 2020
- 3 min
5 common ways companies "cook the books"
There are several ways companies go about doing this, below are some of the most common examples.
53 views
Brad Wooten
- Oct 14, 2020
- 4 min
Nonprofit Leader: 6 financial actions to take right now
You have been entrusted not only with your people and the mission of your organization, but also with the financial resources.
28 views
Brad Wooten
- Oct 7, 2020
- 3 min
Additional tax saving tip for clergy
Only clergy benefit from this tax saving tip related to retirement contributions.
45 views
Brad Wooten
- Oct 5, 2020
- 3 min
31 Ways to Get Money Fast in Your Small Business
For many small businesses, it’s time to get scrappy and entrepreneurial when it comes to cash flow. Here are 31 ideas to make it through.
13 views
Brad Wooten
- Sep 30, 2020
- 5 min
Trump Tax Returns... Did Trump pay only $750 in taxes?
The headlines say Trump paid only $750 in taxes for 2016 and 2017. Is there political spin? What's the truth?
210 views
Brad Wooten
- Sep 28, 2020
- 3 min
Most common types of tax fraud
When done on purpose, these are acts of tax evasion and fraud. However, it is possible to commit some of these acts unintentionally.
29 views
Brad Wooten
- Sep 23, 2020
- 3 min
IRS reminds taxpayers to take the home office deduction
The IRS wants individuals to consider taking the home office deduction. The benefit may allow taxpayers to deduct certain expenses.
23 views
Brad Wooten
- Sep 21, 2020
- 3 min
But I hired a tax professional...
When you hire a tax preparer, you are still responsible for the return. As soon as you sign it, you are stating that it is true and accurate
68 views
Brad Wooten
- Sep 14, 2020
- 3 min
Budget. It's not a 4 letter word
Show me someone "doing just fine" without a budget and I'll show you how they could be doing even better financially if they had one.
22 views
Brad Wooten
- Sep 10, 2020
- 4 min
Should you be your own bookkeeper?
Do you understand double entry accounting? Can you translate financial statements into business decisions? Is it really saving you money?
28 views