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Are you a year or more behind in filing your income tax returns?

Brad Wooten

Jan 15
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.

6 views

Brad Wooten

Jan 1
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

0 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.

51 views

Pick a fight with the IRS? Sure, why not?

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.

12 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.

5 views

IRS Collection Process: How does it work?

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.

12 views

Seriously, what are my chances of an IRS audit?

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?

56 views

5 common ways companies "cook the books"

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.

13 views

Nonprofit Leader: 6 financial actions to take right now

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.

23 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.

29 views

31 Ways to Get Money Fast in Your Small Business

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.

8 views

Trump Tax Returns... Did Trump pay only $750 in taxes?

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?

201 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.

28 views

IRS reminds taxpayers to take the home office deduction

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.

22 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

66 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.

21 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?

27 views

The #1 mistake for pastor or missionary tax returns

Brad Wooten

Sep 7, 2020
3 min

The #1 mistake for pastor or missionary tax returns

By failing to do this you have underpaid your taxes by almost $3,000. Multiply this by 3 years plus interest and penalties = $10,000+

76 views

Housing allowance (MHA) expenses: Stop wasting time

Brad Wooten

Sep 3, 2020
3 min

Housing allowance (MHA) expenses: Stop wasting time

Do you need to spend time keeping track of every little item related to MHA?

82 views

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