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CARES Act: Individual Overview

Updated 4/15/2020 11:00 AM AZ time Stimulus Checks On Friday the CARES Act was signed into law and one of its provisions allows individuals to receive one time stimulus checks. The Treasury Department has said that they will issue these checks starting today. Starting today the IRS has an online tool to check the [...]

SBA Loans Available for COVID-19 Affected Businesses

The following information is very new and constantly changing but we wanted to provide it to you as quickly as we could. Please note the date of the post and recognize that each business is different in how this will or will not apply to them. We may not have the answers to all [...]

Tax Return and Payment Deadline Pushed to July 15, 2020

The IRS has changed the tax deadline to now be July 15, 2020. This means that tax returns do not need to be submitted and payments do not need to be made until July 15th. We encourage you to still file as soon as you can. If you owe you can still wait to [...]

New Sick Pay and Medical Leave Requirements Due to COVID-19

The following information is very new and constantly changing but we wanted to provide it to you as quickly as we could. Please note the date of the post and recognize that each business is different in how this will or will not apply to them. We may not have the answers to all [...]

2018 Tax Reform

What the Tax Reform Act Means for You Congress has passed a tax reform act that will take effect in 2018, ushering in some of the most significant tax changes in three decades. There are a lot of changes in the new act, which was signed into law on Dec. 22, 2017. You can [...]

IRS Tips for the Home Office Deduction

IRS Tips for the Home Office Deduction Taxpayers who use their home for business may be able to deduct expenses for the business use of it. Qualified persons can claim the deduction whether they rent or own their home. Use the simplified method or the regular method to claim a deduction. Here are six [...]

Things to Know about Taxes and Starting a Business

Four Things to Know about Taxes and Starting a Business New business owners have tax-related things to do before launching their companies. IRS.gov has resources to help. Here are some items to consider before scheduling a ribbon-cutting event. Choose a business structure When starting a business, an owner must decide what type of entity [...]

By |2017-11-13T10:05:43-07:00November 13, 2017|General Information, Tax Tips, Tax Tips for Businesses|

Is that knock on your door really the IRS?

Is that knock on your door really the IRS? Every Halloween, children knock on doors pretending they are everything from superheroes to movie stars. Scammers, on the other hand, don’t leave their impersonations to one day. They can happen any time of the year. Your encounter with these scammers will most likely be over [...]

By |2017-10-30T10:53:18-07:00October 30, 2017|General Information, Tax Tips|

Retirement Plan Contribution Limits for 2018

Retirement Plan Contribution Limits for 2018 The Internal Revenue Service issued the annual cost of living adjustments Thursday for 401(k) contributions, pension plans and other retirement-related matters. The contribution limit for workers who are enrolled in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan has grown from $18,000 to $18,500. [...]

By |2017-10-24T09:25:00-07:00October 24, 2017|General Information, Tax Planning, Tax Tips|

Should I File a Tax Return?

Should I File a Tax Return? Most people file a tax return because they have to. Even if a taxpayer doesn’t have to file, there are times they should. They may be eligible for a tax refund and not know it. Here are five tips on whether to file a tax return: General Filing [...]

By |2017-09-18T08:46:50-07:00September 18, 2017|General Information, Tax Rules & Laws, Tax Tips|
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