2016

As the year draws to a close, now is an excellent time to review your current tax planning strategies to ensure they are still meeting your needs and to develop plans for 2017. Read More

With the implementation of the Affordable Care Act, many changes have impacted businesses and their reporting requirements. One change specifically is the reporting of medical insurance premiums paid by the S Corporation on behalf of a shareholder-employee with a greater than 2-percent ownership. Read More

The State of Arizona has made significant changes for 2016 to individual tax credits. These tax credits can help reduce your Arizona income taxes with a dollar for dollar reduction of your Arizona State income tax, allowing the taxpayer to self-direct their Arizona income taxes. These Arizona

The Internal Revenue Service and its Security Summit partners are warning taxpayers and tax professionals of fake IRS tax bills related to the Affordable Care Act. Read More

In part two of our series on the employment relationship of household employees versus independent contractors, we focus on the employer’s responsibility and benefits to following the regulations. Read More

Many questions have risen in recent years regarding employees and independent contractors, specifically focusing on household employees. Specific regulations have been set in place and many times, issues regarding household employees are brought to surface at the end of the employee relationship. In our two part series,

Many taxpayers have found a new stream of income with what the IRS refers to as the “Sharing Economy.” Websites such as Air BNB, Uber, and Lyft are just a few examples of this new income source. Read More

The Internal Revenue Service has issued a warning to taxpayers against telephone scammers targeting students and parents during the back-to-school season and demanding payments for non-existent taxes, such as the “Federal Student Tax.” Read More

The Internal Revenue Service is warning taxpayers to stay vigilant against an increase of IRS impersonation scams in the form of automated calls and new tactics from scammers demanding tax payments on iTunes and other gift cards. Read More

Beginning July 1st, businesses filing and paying transaction privilege tax (TPT) in Arizona have new procedures to follow. Read More