Baltimore tax expert helps clients improve financial health

By Megan Sayles, AFRO Business Writer,
Report for The us Corps Member,
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At a single time, Baltimore indigenous Andrea Scott was paying a little fortune for mainstream companies to manage her tax preparing. Now, she is a tax and finance qualified who owns Brownstone Tax and Fiscal Services, which delivers much more reasonably priced selections for tax preparation, individual bankruptcy doc planning, lifestyle insurance policy and economical arranging. 

“I want most people to be capable to purpose from level A to point Z, so they can get from the stage of knowledge finances, budgeting and their tax condition to the stage of home possession or even entrepreneurship,” claimed Scott.

When she was a single mother in her 20s, Scott depended on H&R Block to put together her tax return. Scott believed the company’s charge was unreasonable. Immediately after remaining billed hundreds of pounds, she took it upon herself to discover how to do taxes. 

Just after securing a proficient comprehending of tax law and the planning procedure, Scott started encouraging her pals and spouse and children with their taxes. Shortly, she expanded her experience to insurance plan and fiscal advising. 

In 2007, Scott established Brownstone LLC, now known as Brownstone Tax and Monetary Providers. For many years, she ran the company while also retaining a full-time position with the Condition of Maryland. It was not until eventually 2018 that Brownstone Tax and Financial Companies grew to become her sole vocation. 

“I have a complete group of distinct individuals that I get the job done with since a large amount of men and women in African-American communities do not have accessibility to these solutions or really don’t know that they’re there,” said Scott. 

Scott’s crew contains credit history professionals, genuine estate agents, bankers and tax experts, and they assistance clientele improved regulate their cash and debt, get everyday living and automobile insurance, file earnings taxes, settle IRS personal debt and file bankruptcy sorts. 

“One legacy I want to depart for my local community is building positive that they are prepared for monetary stability,” said Scott. “We never have a whole lot of money, and a great deal of moments people today do not make a lot, but there are techniques we can regulate it.” 

As a element of her determination to supporting entrepreneurs, Scott also opened an insurance policy university in recent years at Brownstone Tax and Financial Providers. It is a single of five establishments in Maryland that presents hybrid and in-particular person courses for everyday living and health, residence and casualty insurance coverage prelicensing. 

Outside of working her enterprise, Scott and her sister lead the Environmentally friendly Dollar Job, a nonprofit corporation dedicated to delivering middle and substantial university students with financial literacy. They host seminars to enable youth find out how to study their W-2s, fully grasp paycheck deductions and get ready for a secure fiscal potential.

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