Meeting 401(k) audit requirements is an essential part of plan administration and fiduciary responsibility. This guide outlines when an audit is needed, common compliance pitfalls, and strategies to stay organized throughout the process – so you can meet your obligations confidently and on time.
In an era of endless online “tax tips,” misinformation spreads fast – and even smart taxpayers can fall for it. Here’s how to identify misleading financial advice and stay grounded in trustworthy, compliant tax guidance.
Behind every well-run HOA is a framework of financial decisions that protect the community’s long-term value. From managing dues and reserves to ensuring transparent financial reporting, HOA boards carry significant responsibility. This guide breaks down the essentials every board member should understand to keep their association financially strong and accountable.
Did you receive a letter from the IRS? Learn what steps you should take and mistakes to avoid in responding to a notice.
Explore how global tariffs and trade changes can impact your business and learn strategies for successful adaptation. Discover practical tips on cost management in our latest article.
The deadline for obtaining a voluntary Arizona Travel ID is May 3, 2023. The Arizona Motor Vehicle Department (DVD) urges everyone to act soon to obtain the new Arizona Travel ID.
COVID-19 and its variants continue to disrupt the way we live, work, and play. The population disagrees on whether to wear masks or be vaccinated. One of the most pressing issues is whether businesses can — or should — issue a vaccine mandate for their employees.
At WP+D, employees and clients both benefit from working with an Arizona CPA firm versus a regional or national one. At larger firms, one may never meet or interact with a partner until they are a manager. This is not the case at WP+D, where the culture is centered around approachability and accessibility.
The Internal Revenue Service (IRS) urges employers to take advantage of the newly-extended Employee Retention Credit (ERC), designed to make it easier for businesses that, despite challenges posed by COVID-19, choose to keep their employees on the payroll. The ERC is one of the more popular relief items for businesses and recent legislation has made it even more attractive.
The new round of Paycheck Protection Program (PPP2) loans is available to both new and second-time borrowers. Who gets the money and what are the rules?
Your financial statements can tell you what is happening in your business today and expectations for the future. Knowing how to interpret financial reports gives you insight into your business.
In March 2020, due to COVID-19, the IRS automatically extended the filing deadline for tax returns from April 15 to July 15, 2020. The extension applied to all individual returns, trusts, and corporations. The Arizona tax filing deadline was also extended to July 15, 2020.