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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.

Brad Wooten
Nov 4, 20205 min read
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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.

Brad Wooten
Oct 27, 20203 min read
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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?

Brad Wooten
Oct 21, 20203 min read
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5 common ways companies "cook the books"
There are several ways companies go about doing this, below are some of the most common examples.

Brad Wooten
Oct 19, 20203 min read
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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.

Brad Wooten
Oct 14, 20204 min read
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Additional tax saving tip for clergy
Only clergy benefit from this tax saving tip related to retirement contributions.

Brad Wooten
Oct 7, 20203 min read
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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.

Brad Wooten
Oct 5, 20203 min read
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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?

Brad Wooten
Sep 30, 20205 min read
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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.

Brad Wooten
Sep 28, 20203 min read
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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.

Brad Wooten
Sep 23, 20203 min read
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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

Brad Wooten
Sep 21, 20203 min read
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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.

Brad Wooten
Sep 14, 20203 min read
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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?

Brad Wooten
Sep 10, 20204 min read
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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+

Brad Wooten
Sep 7, 20203 min read
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Housing allowance (MHA) expenses: Stop wasting time
Do you need to spend time keeping track of every little item related to MHA?

Brad Wooten
Sep 3, 20203 min read
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Church Leader: 7 financial actions to take right now
Finance should not drive mission. However, you cannot ignore it either. You are a steward of the resources God entrusts to you.

Brad Wooten
Sep 2, 20204 min read
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Have a side hustle? Is it a business or a hobby for tax purposes?
So why does it matter? "If it's a hobby, I don't have to report the income, right?" Wrong.

Brad Wooten
Aug 31, 20203 min read
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Do you know about the taxpayer bill of rights?
That's right, you have rights. Yes, the IRS has a lot of power (they can levy assets, including garnishing your wages), but you have rights.

Brad Wooten
Aug 28, 20203 min read
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I have a major tax liability, now what?
Do you owe the IRS thousands in back taxes? Perhaps you have a tax liability and you are looking for some tax help? Maybe you have heard...

Brad Wooten
Aug 21, 20205 min read
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Why don't high earners accumulate wealth?
Do you want to know the secret? It feels ridiculous calling it that because it’s obvious. Why are high earners not rich & don’t feel rich?

Brad Wooten
Jan 14, 20203 min read
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