2024 Year End Tax Planning
The 2024 tax season is fast approaching. Now is the perfect time to start review ...
Q3 Estimated Tax Payments Due 9/15/24
For our clients who pay quarterly estimated tax payment vouchers, this is a frie ...
Changes to Roth 401(k) Accounts in 2024
The SECURE 2.0 Act introduces significant changes to Roth 401(k) accounts in 202 ...
Optimizing Social Security Benefits
Understanding the optimal time to start claiming Social Security benefits can si ...
DOL Releases Final Overtime Exemptions Rule
The Department of Labor has revised the Fair Labor Standards Act's overtime exem ...
A Friendly Reminder: Beneficial Ownership Information Mandate
Recently, we sent out an email about the 2024 mandate to report Beneficial Owner ...
Important Update for Arizona Taxpayers
As the 2024 tax filing season kicks off, the IRS has determined the Arizona Fami ...
Employee or Independent Contractor?
We wanted to bring to your attention a recent development from the U.S. Departme ...
IRS Expands Online Accounts to Business Taxes
The IRS has recently introduced a new online self-service tool for businesses, m ...
IRS Updates 2024 Standard Mileage Rates
The IRS recently released Notice 2024-08, which updated 2024 Standard Mileage ra ...
Avoid Surprises in 2024: Review Tax Withholding Now
As we approach the end of 2023, we suggest reviewing your 2024 Federal and State ...
Important Information on Social Security Benefits
We wanted to bring to your attention a recent CNBC Article highlighting changes ...
Key Insight on Proper Substantiation for Business Expenses
We wanted to bring to your attention a recent Tax Court case highlighted in the ...
Considerations for Comprehensive Retirement Planning
The following Kiplinger article titled "Six Ways to Prepare for Widowhood and Pr ...
Delays on 1099-K Threshold
The IRS has delayed the effective date of the $600 threshold for Form 1099-K rep ...
2024 Retirement Contribution Limits
The IRS issued IR-2023-203 announcing updated 2024 retirement contribution limit ...
IRS Sends ERC Disallowance Letters
The IRS has recently sent over 20,000 letters to taxpayers to disallow their Emp ...
Triple Tax Advantages of Health Savings Accounts
We wanted to bring your attention to a recent CNBC article discussing tax advant ...
To assist in optimizing your tax position, we’ve compiled recommended actions aligned with current tax regulations
Despite the absence of significant tax law changes, the enduring year-end strate ...
Are You Ready for Beneficial Ownership Information Reporting?
Starting in 2024, a regulatory update will impact nearly all small businesses. ...
Arizona Families Tax Rebate
We wanted to provide you with essential information regarding the Arizona Indivi ...
Protecting Your Personal Information in the Age of Identity Theft
In today's digital landscape, the exchange of personal information has become al ...
Rethinking Tax Deferral Strategies
We want to bring to your attention an essential aspect of financial planning tha ...
Social Security Wage Base and COLA Set for 2024
We'd like to inform you about a few updates for the year 2024 that could impact ...
Arizona Transaction Privilege Tax (TPT) Changes and News
In a recent update from the Arizona Department of Revenue (AZDOR), business owne ...
Maximizing Your Savings: The Power of Health Savings Accounts (HSAs)
We understand that navigating the multitude of account options for saving can be ...
Important Tax Steps for Starting a New Business
Starting a new business can be both exciting and challenging, and we want to ens ...
Start your Child’s Financial Journey with a Roth IRA
We'd like to highlight an excellent opportunity for you to empower your child or ...
Important Information on Private Student Loans
With the fall semester upon us, many of you may be considering how to finance yo ...
Important Tax Considerations for your Retirement Income
We wanted to share an informative CPA Practice Advisor article with you that del ...
IRS Intensifying Efforts on Taxation of Cryptocurrency
We wanted to bring to your attention an essential development in the realm of cr ...
Individual Home Energy Tax Credits for 2023
Taxpayers who make home energy improvements starting in 2023 may be able to take ...
Understanding Changes to Clean Vehicle Tax Credits
The Inflation Reduction Act of 2022 (IRA) changed the Clean Vehicle Tax Creditfo ...
Businesses must electronically file Form 8300 for cash payments over $10,000
Businesses receiving over $10,000 in cash must report transactions to the U.S. g ...
Federal Tax Credits for Businesses
The Internal Revenue Code is littered with tax credits available to taxpayers, b ...
Educational Assistance Programs to Help Employees Pay Student Loans
We wanted to bring to your attention an essential update from the Internal Reven ...
IRS Has Concerns about the Employee Retention Credit Refund Scams
Considering recent developments in tax compliance, we wanted to provide you with ...
Q3 Estimated Tax Payments Due 9/15/23
For our clients who pay quarterly estimated tax payment vouchers, this is a frie ...
Maximize Tax Benefits by Hiring Your Children
Many business owners are trying to strategize to lower their tax bill. Have you ...
Urgent IRS Notice: Protect Yourself from Summer Scams
Your security is our top priority, and we want to ensure that you stay informed ...
IRS warns of new scam to trick taxpayers
The IRS is warning of a new scam mailing to mislead taxpayers into providing val ...
Tax-savvy ways to donate to charitable organizations
With the increased standard deduction starting with tax year 2018, claiming a de ...
Unique Benefits of 529 College Savings Plans
The AICPA Tax Advisor recently published the article below detailing the various ...
It not too late to save for retirement!
he following article, recently issued by Kiplinger, details five excellent ideas ...
Is it a Trade or Business? Or a Hobby or Investment?
The following article, recently issued by the AICPA Tax Advisor, is an excellent ...
Q2 Estimated Tax Payments Due 6/15/23
For our clients who pay quarterly estimated tax payment vouchers, this is a frie ...
COVID-era 401(k) or IRA Withdrawal Repayment
Here is a friendly reminder of the 3-year repayment rule on COVID 401(k) or IRA ...
HSA Contribution Amounts Increase for 2024
The IRS recently issued a Revenue Procedure outlining the revised 2024 maximum c ...
Corporate Tax Credit Donation Update
The State of Arizona recently announced the corporate donation cap for the priva ...
IRS or State Tax Notices and Letters
Getting a letter from the IRS or a State government entity about a recently file ...