September 9, 2017

Give to Save – Charitable Remainder Trust (CRT)

For nearly fifty years, countless individual and families have used Charitable Remainder Trusts (CRT) to increase income, save taxes and benefit charities. What does a CRT do? A CRT allows you to convert a highly-appreciated asset (property that has increased significantly in value since you acquired it), such as stock or real estate, into a lifetime income. It reduces your […]
August 30, 2017

HSA – Save Tax Dollars by funding a Health Savings Account!

A Health Savings Account, or HSA, is a unique, tax-advantaged account that can be used to pay for current or future healthcare expenses. How much am I saving? If you have a family of 4, it is likely that you will spend $6,750 in dental, vision, co-pays & scripts throughout the year. If you are in the 28% Federal Bracket […]
August 21, 2017

Tax Penalties – How Much? Do they apply?

Tax Day is right around the corner. As each of us hurries to prepare our annual filings by the extension due dates, it is important to understand the tax penalties and interest associated with noncompliance of tax deadlines. These pesky penalties and interest charges are designed to motivate taxpayers to file timely. However, knowing the rates, amounts and application of […]
August 18, 2017

Sick Pay – The Fair Wages & Healthy Families Act – Part II

The Fair Wages & Healthy Families Act became law on July 1, 2017 Exceptions to Sick Pay? Businesses that meet ALL of the following conditions do not have to accrue sick pay : the business has gross revenue of less than $500,000 annually and; accepts cash & checks written on Arizona Banks only (no credit cards), and buys all its […]
July 21, 2017

Arizona Tax Credits – Pay State Tax or Donate to a Qualified Charity?

If you find yourself owing state taxes at the end of the tax year and are interested in redirecting some of your money away from the government, you’ve found the right article. The State of Arizona offers what they call Arizona Tax Credits, which are dollar-for-dollar tax credits that any taxpayer may take advantage of. Here are some of the […]
July 10, 2017

Minimum Wage – The Fair Wages & Healthy Families Act

The Fair Wages & Healthy Families Act raises the minimum wage for Arizona Employers as well as provides for employees to earn paid “sick time”. The Act was Proposition 206 – a ballot initiative approved by voters on November 8, 2016 and effective January 1, 2017. Although recently challenged by a number of Arizona Businesses and Chambers of Commerce, the […]