NAU 2023 Fall Career Fair
Wallace Plese + Dreher attended Northern Arizona University’s (NAU) Career Fair, hosted by W.A. Franke College of Business, on September 29, 2023.
Author: Barbara Dillon
UofA 2023 Fall Meet the Firms
Wallace Plese + Dreher attended UofA’s Meet the Firms hosted by the Eller College of Management, Dhaliwal-Reidy School of Accountancy, on September 21, 2023.
ASU 2023 Fall Meet the Firms
Wallace Plese + Dreher attended ASU’s Meet the Firms hosted by the School of Accountancy, W.P. Carey School of Business, on September 19, 2023.
Allison Lynn Dozbaba, CPA Diamondbacks Pre-Game
Allison Lynn Dozbaba, CPA, Tax Partner, Wallace Plese + Dreher, and daughter, Brynn, attended the Diamondbacks pre-game on August 24, 2023, recognizing her and other women as Most Influential Women in Arizona Business for 2023.
Gifts for Employees
The holiday season is the most popular time for companies to offer gifts to their employees. Although, there may be other occasions that might be gift worthy too. What are some of the ways a business can build goodwill with its employees?
ASCPA Article Barry S. Graham, CPA
ASCPA featured Barry S. Graham, CPA in the September/October AZ CPA magazine. Haley MacDonell, Editor, shares a glimpse of a Scottsdale City Council meeting and Barry’s perspective on serving as a new councilmember. Read further for the full article.
Form 8300 Reporting Cash Payments Over $10,000
Beginning January 1, 2024, businesses receiving more than $10,000 in cash must report transactions to the U.S. government by e-filing Form 8300 instead of filing a paper return.
Understanding the Clean Vehicle Tax Credit
Consumers considering an automobile purchase should understand several recent changes to the new Clean Vehicle Credit for qualified plug-in electric drive vehicles, including qualified manufacturers and tax rules.
New Form I-9 to be Released August 1, 2023
Effective August 1, 2023, the U.S. Citizenship and Immigration Services (USCIS) will release a new Form I-9, used to check employment eligibility verification. Beginning November 1, 2023, all employers must use the new Form I-9.
Wallace Plese + Dreher Named 2023 Arizona Top Workplace
For the third consecutive year, Wallace Plese + Dreher has been named as an Arizona 2021-2023 Top Workplace. Survey results are based on specific qualities: compensation, benefits, workplace flexibility, leadership, and training.
Getting and Changing Employer ID Numbers (EINs)
Obtaining an Employer Identification Number (EIN) is essential for sole proprietorships, corporations, partnerships, and limited liability companies. In some cases, there may be reasons for obtaining a new EIN for your business.
Allison Lynn Dozbaba, CPA | Named a Most Influential Woman in Arizona Business
Congratulations to Allison Lynn Dozbaba, CPA, tax partner, on being selected as one of the Most Influential Women in Arizona Business for 2023.
What is Keeping CFOs Up at Night?
If you are running a company, you may be experiencing a lot of uneasiness. What are the thoughts or issues chief financial officers (CFOs) are facing today?
Business Succession Post-COVID-19
There comes a time when a business owner must decide the future of their business. Choices include selling the business, transitioning to a successor, filing for bankruptcy, or closing.
ERC IRS Scam Alert
The IRS and tax professionals continue to see aggressive broadcast advertising, direct mail solicitations, and online promotions involving the ERC. While the credit is real, aggressive promoters are misrepresenting and exaggerating who can qualify for the credits.
Tax Recordkeeping Tips
The Arizona Department of Revenue (ADOR) encourages taxpayers to keep well-organized records and to securely discard old documents.
How the FDIC Safeguards Your Money
Everyone has heard of the FDIC, which was created in the 1930s to guard our money in the event of bank failures. Why is it still an essential pillar of today’s financial industry?
Arizona’s Minimum Wage Increases
Effective January 1, 2023, Arizona’s minimum wage increased from $12.80 to $13.85. According to the Industrial Commission of Arizona, the $1.05 increase in minimum wage is based on the increase in inflation between August 2021 and August 2022, as published in the U.S. Bureau of Labor Statistics’ Consumer Price Index.
Fake ERC Refunds
The IRS warns about Employee Retention Credit claims to con ineligible people to claim the ERC credit. Some of these offers collect your personally identifiable information in exchange for false promises.
Why a Career in Accounting Adds Up to Success – AZ Big Media
What more could a young person embarking on their professional journey ask for, right? You get to use your brain and get to make some bank? It seems like a no-brainer.
6 Accounting Trends to Watch in 2023 – AZ Big Media
The accounting industry is rapidly evolving and firms that don’t adapt risk being left behind. Here’s what experts say are six trends to watch in the accounting industry in 2023.
Highly Compensated Employees May Be Eligible for Overtime
It seems contrary to long-standing policy, but in a recent ruling, the Supreme Court decided that in certain situations, highly compensated employees (HCEs) can earn overtime pay.
2023 Electric Vehicle Tax Credits
If you buy a new plug-in electric vehicle (EV) or fuel cell vehicle (FCV) in 2023 or after, you may qualify for a clean vehicle tax credit of up to $7,500.
Pace & Company, PC Joins Wallace Plese + Dreher
Effective January 1, 2023, Pace & Company, PC joined Wallace Plese + Dreher. For more than 25 years, Pace & Company, PC provided tax planning and advice to corporations, partnerships, individuals, and estates and trusts in Arizona and throughout the U.S.
2023 AZ Big 100 Wallace Plese + Dreher
Wallace Plese + Dreher named one of 50 companies to watch shape Arizona’s economy in 2023.
Arizona Form A-4 Effective January 31, 2023
All Arizona employers must provide the new tax rate options to their employees by January 31, 2023, either electronically through an online portal, fillable form, or paper form.
2023 Wallace Plese + Dreher Employee Promotions
Effective January 1, 2023, Wallace Plese + Dreher promoted several employees. Learn about their diverse backgrounds and experience.
2023 Mileage Rates
In June 2022, the IRS made a rare midyear adjustment to mileage deductions because of rising gas costs. For 2023, the IRS increased the number again.
Arizona Tax Changes and Filing Due Date
Taxpayers have until Tuesday, April 18, 2023, to file their 2022 tax return since April 15, 2023 falls on a federal holiday. If filing an extension, the extended due date to file the income tax return is October 16, 2023 because October 15, 2023 falls on a Sunday.
Phoenix ZooLights
Wallace Plese + Dreher’s employees enjoyed a unique holiday experience at the Phoenix ZooLights.
2022 Charitable Donations
If you expect to itemize deductions in 2022, you may benefit from contributions to qualified charitable organizations. As long as you make a donation in 2022, it is deductible on your 2022 return, including charging the donation to a credit card on December 31.
New Lease Accounting Standard
Effective for 2022, private companies that issue financial statements prepared under U.S. GAAP are required to conform to a new lease accounting standard affecting their 2022 financial statements. Changes from the new lease accounting standard should be reflected in annual financial statements issued in 2023.
New Arizona Form A-4
Arizona’s Individual Income Tax Withholding Form, Arizona Form A-4, has been updated to reflect Arizona’s lower individual income tax rates. By January 31, 2023, every Arizona employer is required to make this form available to its Arizona employees.
Home Sellers’ Profit Exclusions Are Not One-Time Opportunities
Many homeowners sell their houses at a profit, which raises questions about taxation. Fortunately, the IRS gives breaks on these profits. Learn about the details that can save you a lot of money.
Balancing In-Person and Remote Employees
Companies with remote and in-person employees should create a plan to measure achievements in all situations.
Electric Vehicle Tax Credit
If you are interested in claiming the EV tax credit for purchasing a new electric vehicle after August 16, 2022, a tax credit is generally available only for qualifying electric vehicles where final assembly occurred in North America. A transition rule applies for electric vehicles purchased before August 16, 2022.
Rightsizing Your Arizona Company
How do you know if your Arizona company has too few or too many employees? Do you know the best way to adapt your workforce as your company grows and develops?
Fringe Benefits and Taxes
Additional benefits on top of an employee’s regular pay may be taxable. The rules are complicated and employers should familiarize themselves with the requirements. Do you know which benefits are taxable?
Teambuilding and Escape Rooms
As a teambuilding activity, our people used their communication, critical thinking, observation, and problem solving skills while participating in several escape room games.
Business Value and Your Employees
How do you think about the people who work for your company? You are on the right track if you believe they are valuable individuals who contribute to your success. A company’s intangible assets, including human capital and culture, comprise more than half of a company’s market value on average.
Arizona Accounting Firm’s Positive Impact
Are you seeking a profession that is respected and known for its integrity and ethics? Do you want to interact with influential business leaders in the Arizona community? You can experience these things in public accounting with Wallace Plese + Dreher.
Accounting and Bookkeeping You Can Outsource
Maintaining accurate records, keeping track of your company’s finances, bookkeeping, taxes, accounts receivable, accounts payable, and financial reporting takes a lot of time. This may be the right time to get help with these important tasks.
Depreciation Tax Rules
Depreciation is an annual tax deduction that allows small businesses to recover costs of certain property that decreases in value over its lifetime. It is an allowance for wear and tear, deterioration, or obsolescence of the property.
Feed My Starving Children
As part of our workplace culture, we take time to give back to charitable organizations. Our most recent community effort involved packing meals for malnourished children. Everyone that participated felt grateful for what we take for granted everyday: food.
Consumer Privacy
By 2023, Google will eliminate cookies and institute Topics, which supports interest-based advertising. A person’s browser will determine a handful of broad topics based on their browsing history. With increased concerns about privacy, many companies have been forced to make changes to how they use data.
Teambuilding Axe Throwing
As a teambuilding activity, our people took part in a new experience: axe throwing. Conducted in a safe environment, at BATL in Scottsdale, it was a fun and first-time experience for many who attended.
ADOR Out-of-State Planes, Boats, and Autos
Businesses or individuals who purchase a plane, boat, or vehicle from an out-of-state vendor may be subject to use tax, which is a tax on purchases made out-of-state for taxable items stored, used, or consumed in Arizona when the sale was not subject to transaction privilege tax (TPT).
Keys to a Successful M&A
Selling or acquiring a business is a new experience for most business owners. One key to a successful sale or purchase is using a CPA well-versed in current tax regulations and laws.
Probate and Adding Children to Bank Accounts and Deed
Some people believe an easy way to avoid probate is to add your children to your bank accounts and deed. This strategy may not work as planned.
Voted 100 Best Places to Work and Live in Arizona
Wallace Plese + Dreher voted as one of the 100 Best Places to Work and Live in Arizona for 2022, as recognized by Ranking Arizona.