December 24, 2015

Tax Credits – Reduce your Tax & Help Children!

FACT:  According to the National Center on Family Homelessness, Arizona ranks 45 out of 50 states (with 50 being the worst) for homeless children. in 2013, there were more than 62,000 homeless children living in this State alone. FACT:  For education, Arizona ranks 48 out of 50 (with 50 being the worst), for quality (Source: WalletHub). Furthermore, Arizona ranks 49th for […]
January 16, 2015

Preparing 1099’s – Why is it critical?

January is a busy month for accounting!  Even if you do an excellent job maintaining monthly accounting, there are several year-end tasks to complete that are part of year-end adjustments and corrections. These can be time-consuming tasks especially if they include verification of inventory, detailing of multiple equipment purchases during the year, various payroll filings, and more. One important task […]
December 29, 2014

Tax Increase Prevention Act of 2014

After a year of CPAs and taxpayers patiently waiting on an indecisive Congress, we finally see gears moving and have concrete news for 2014 tax filings. Not all the news is good news (possible IRS delays for instance). However, each release of information is highly valuable in order for you to make the most well-informed business decisions. Simon Sinek, a recognized […]
December 19, 2014

Arizona TPT Changes in 2015

The Arizona Department of Revenue (AZDOR) has come together in order to streamline previously time-consuming and complex Transaction Privilege Tax (TPT) requirements. AZDOR regards TPT as a paramount issue and is calling the improvement initiative the “TPT Simplification Task Force” project. AZDOR has come out with proactive updates since June 2014 and initially planned to overhaul the entire filing process […]
December 9, 2014

Suspicious IRS-related Communication and Scams

There has been a recent onset of new fraudulent criminals acting as IRS representatives. These criminals primarily use your mobile phones in order to perform aggressive and sophisticated scam tactics in pursuit of your money or your personal information. The scams can also be spread through email, letters and websites. One vivid example was experienced by John (not his real […]
November 26, 2014

What does ObamaCare mean to you from a Tax Perspective?

The biggest change for Americans in 2014 was the implementation of the Affordable Care Act abbreviated as ACA and also known as Obamacare. This law changed the whole atmosphere of healthcare and health insurance. A huge reason that the law was passed was based on the fact that the Affordable Care Act is a federal tax. In 2014, you will […]