Phoenix Business & Tax Solutions

10/14/2024

Disaster loss deduction may be available

In some instances, individuals and businesses in a federally-declared disaster area can qualify for a casualty loss tax deduction. The deduction is available for damaged or destroyed property not covered by insurance or other reimbursement and can result in a larger refund.

A unique feature of this deduction is that taxpayers can choose to claim it on either the return for the year the loss occurred (in this instance, the 2024 return normally filed next year), or the return for the prior year

(the 2023 return filed this year). For individual taxpayers, the deadline for making this election is Oct. 15, 2025.

If deductions exceed a taxpayer’s income, it can result in a net operating loss (NOL). A taxpayer need not have a business to have a NOL from a casualty. A NOL can normally be carried forward and deducted in a future tax year. Call Phoenix Business & Tax Solutions at 706-992-6118 for more information.

10/13/2024

In the midst of everything, I was finally able to do what I wanted to do. August 1, 2025, made 15 years that Brewer Financial Firm, LLC was in business. With my husband officially joining me as my partner, it was time for the business to undergo a complete rebranding. When I tell you, we are putting the finishing touches on our company, we are doing just that. This office looks absolutely amazing! Even the business cards are top notch! I love it!!!

09/29/2024

Be sure to like our page, Phoenix Business & Tax Solutions!

07/22/2024

Check out Preferred Plus Tax Software at www.preferredplustaxsoftware.com!

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07/22/2024

Off to a great start on this Monday. Brewer Financial Firm, LLC has welcomed four new tax preparers to our team. And we have also welcomed 1 new tax office and 1 new Service Bureau to the Brewer & Associates and Preferred Plus Tax Software team! Currently waiting on three more contracts to be signed.

Tax preparation training starts August 5th.

07/19/2024

The next couple of weeks are going to be a little hectic for me but I am ready. On August 1st, I will have two major milestones to celebrate! The first and most important is my company, Brewer Financial Firm, LLC will celebrate 15 amazing years of being in business. I am so blessed and so proud because this is an amazing accomplishment. I will also be celebrating my 1st day in a new position as a MCSD employee, working at Waddell Elementary as the Parent Liaison. I am so excited to be on this journey!

07/19/2024

Brewer Financial Firm, LLC is having a big event for the community! It's our annual Brewer Financial Firm Back 2 School Giveaway ! Lots of bookbags, supplies, food and refreshments, games, vendors, and so much more! Join us on Saturday, August 3rd, and get ready for a great time! Parents you must bring your children in order to receive school supplies. Starts at 12pm.

07/19/2024

At Brewer Financial Firm, LLC we have a team of 15 in office tax preparers and 10 virtual tax preparers. Our team consists of experienced tax professionals, accountants, and EAs. Visit our website at www.brewerfinancial.biz with any questions you may have! At BFF, we work hard so you don't have to. We want to be your BFF when it comes to tax preparation.

07/19/2024

Brewer Financial Firm, LLC is getting ready for the upcoming tax season!

07/19/2024

Are you a tax preparer looking for tax software? Are you looking for another software company? Looking to start your own tax business or become a Service Bureau? Whatever the reason, Preferred Plus Tax Software is the company for you. We offer many different packages designed to fit your needs. We even customize packages. Visit our website today at www.preferredplustaxsoftware.com to get started or reach out to [email protected].

Empower your team with cutting-edge tax software.