Category: 2020 taxes

2020 Business Tax Deductions

Written November 25, 2020 by Barbara Dillon

Categories: 2020 taxes, Arizona business, CARES Act, Compliance, Tax, Tax planning, Taxes, TCJA

It has been a challenging year, but one thing that has not changed is taxes. Fortunately, Arizona businesses can take advantage of certain tax deductions.

2021 Key Adjustments | ACA | HSA | Inflation Adjustments

Written November 13, 2020 by Barbara Dillon

Categories: 2020 taxes, federal income tax, HDHP, Health Savings Accounts, Income tax, Medical expenses, Tax, Tax Credits, Tax planning, Taxes

After a year of turmoil and surprises, what will 2021 bring? One certainty is that the federal government is changing a variety of numbers affecting the finances of businesses and individuals.

IRS Final Regulations on Meals and Entertainment

Written October 19, 2020 by Barbara Dillon

Categories: 2020 Arizona Tax, 2020 taxes, Corporate tax, federal income tax, Income tax, IRS, Meals and entertainment, Tax, TCJA

The 2017 TCJA changed rules for meals and entertainment. Recent IRS guidance may clear up some confusion and Arizona business owners should consult with their CPA to make sure they are not violating any rules or leaving money on the table.