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Brad Wooten

Oct 27, 20203 min read

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.

27 views

Seriously, what are my chances of an IRS audit?

Brad Wooten

Oct 21, 20203 min read

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?

73 views

5 common ways companies "cook the books"

Brad Wooten

Oct 19, 20203 min read

5 common ways companies "cook the books"

There are several ways companies go about doing this, below are some of the most common examples.

248 views

Nonprofit Leader: 6 financial actions to take right now

Brad Wooten

Oct 14, 20204 min read

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.

42 views

Brad Wooten

Oct 7, 20203 min read

Additional tax saving tip for clergy

Only clergy benefit from this tax saving tip related to retirement contributions.

107 views

31 Ways to Get Money Fast in Your Small Business

Brad Wooten

Oct 5, 20203 min read

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.

41 views

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

Brad Wooten

Sep 30, 20205 min read

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?

226 views

Brad Wooten

Sep 28, 20203 min read

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.

51 views

IRS reminds taxpayers to take the home office deduction

Brad Wooten

Sep 23, 20203 min read

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.

33 views

Brad Wooten

Sep 21, 20203 min read

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

77 views

Brad Wooten

Sep 14, 20203 min read

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.

33 views

Brad Wooten

Sep 10, 20204 min read

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?

40 views

The #1 mistake for pastor or missionary tax returns

Brad Wooten

Sep 7, 20203 min read

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+

128 views

Housing allowance (MHA) expenses: Stop wasting time

Brad Wooten

Sep 3, 20203 min read

Housing allowance (MHA) expenses: Stop wasting time

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

196 views

Church Leader: 7 financial actions to take right now

Brad Wooten

Sep 2, 20204 min read

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.

30 views

Have a side hustle? Is it a business or a hobby for tax purposes?

Brad Wooten

Aug 31, 20203 min read

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.

63 views

Do you know about the taxpayer bill of rights?

Brad Wooten

Aug 28, 20203 min read

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.

18 views

Brad Wooten

Aug 21, 20205 min read

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...

32 views

Why don't high earners accumulate wealth?

Brad Wooten

Jan 14, 20203 min read

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?

22 views

Brad Wooten

Dec 31, 20194 min read

6 tips on how to buy a used car

Here are my tips for how to buy a used car. There’s nothing inspiring here, but following these simple tips has served me well.

27 views

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