Don Brooks & Associates, Inc.

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Tax Tips Small Business

Do You Know How Much Your Business Is Worth?

Tips for placing a value on your business

There are several reasons why you should know the value of your business. if you are planning to sell your business, the general rule is that you should sell it for fair market value. In many instances the term "fair market value" is somewhat ambiguous. In the simplest sense, fair market value is what a willing buyer would pay a willing seller, with each party knowing all the pertinent facts.

Small Business Quick Tip

The Stimulus Act increases the expense deduction for business equipment purchased in 2008 to $250,000.

About Us

At Don Brooks & Associates, Inc., we have over 35 years of combined experience and offer a wide variety of services to our clients. We specialize in:

* Preparation and Filing of Individual and Small Business Tax Returns;
* Bookkeeping for Small Businesses;
* A Wide Variety of Payroll Services;
* Securing a Purchase or Refinance Mortgage.

Annual participation in Continuing Professional Education courses offered by local chapters of national accounting and tax associations keeps the firm on the "leading edge" of ever-changing tax laws and accounting methods.

Computerized offices and internet access ensures clients accurate, efficient, state-of-the-art service at a competitve price.

Visit the "Services " area of our site to learn more about the many accounting and tax services available to individuals and businesses.

Visit the "Contact Us" page for information regarding how to reach us via telephone, fax, e-mail or mail.

Unlike firms that close after the tax deadline, we are here all year long (except major holidays). Feel free to contact the office anytime. We're here to help.

What is an Enrolled Agent and why should I care?

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Tax Tips Personal

Are You Putting Investments in Your Child's Name?

New rules tighten your options Beginning with the 2006 tax year, children, under the age of 18 who have unearned income in excess of $1,700,are taxed at their parent'shigher rate. Previously,
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Personal Quick Tip

Are you planning on making any substantial gifts? Talk to your tax preparer first. Gifts with values exceeding $12,000 must be reported to the IRS.