Baltimore tax expert helps clients improve financial health

By Megan Sayles, AFRO Enterprise Writer,
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At one time, Baltimore native Andrea Scott was shelling out a compact fortune for mainstream organizations to control her tax preparing. Now, she is a tax and finance skilled who owns Brownstone Tax and Fiscal Companies, which gives a lot more inexpensive options for tax preparation, bankruptcy document preparation, everyday living coverage and money organizing. 

“I want everybody to be equipped to operate from point A to stage Z, so they can get from the phase of understanding finances, budgeting and their tax situation to the phase of residence possession or even entrepreneurship,” claimed Scott.

When she was a one mom in her 20s, Scott depended on H&R Block to put together her tax return. Scott considered the company’s payment was unreasonable. Soon after getting billed hundreds of dollars, she took it upon herself to understand how to do taxes. 

Soon after securing a proficient knowledge of tax legislation and the planning method, Scott started serving to her good friends and spouse and children with their taxes. Quickly, she expanded her skills to insurance coverage and fiscal advising. 

In 2007, Scott founded Brownstone LLC, now identified as Brownstone Tax and Economic Products and services. For decades, she ran the company when also preserving a total-time occupation with the Condition of Maryland. It was not until 2018 that Brownstone Tax and Financial Solutions turned her sole career. 

“I have a full group of diverse persons that I get the job done with because a ton of folks in African-American communities really don’t have accessibility to these companies or really don’t realize that they are there,” mentioned Scott. 

Scott’s group contains credit rating professionals, authentic estate brokers, bankers and tax professionals, and they aid customers far better control their income and personal debt, invest in lifetime and car insurance policy, file earnings taxes, settle IRS financial debt and file individual bankruptcy varieties. 

“One legacy I want to depart for my group is generating certain that they are well prepared for financial stability,” explained Scott. “We really don’t have a good deal of revenue, and a good deal of periods individuals really don’t make a whole lot, but there are techniques we can control it.” 

As a section of her motivation to supporting business people, Scott also opened an insurance policies faculty in new a long time at Brownstone Tax and Economic Products and services. It is just one of 5 institutions in Maryland that provides hybrid and in-human being classes for lifestyle and health and fitness, residence and casualty insurance policy prelicensing. 

Exterior of jogging her organization, Scott and her sister lead the Inexperienced Greenback Venture, a nonprofit corporation dedicated to supplying center and large school pupils with money literacy. They host seminars to help youth understand how to read through their W-2s, have an understanding of paycheck deductions and put together for a safe monetary upcoming.

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