Category: Taxes

November 25, 2020 by Barbara Dillon

2020 Business Tax Deductions

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.

November 13, 2020 by Barbara Dillon

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

2021 Key Adjustments | ACA | HSA | Inflation Adjustments

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.

November 3, 2020 by Barbara Dillon

Arizona construction Construction Income tax Section 179 Tax Tax planning Taxes TCJA

Section 179 Can Help Construction Companies

Construction companies have an opportunity to save on taxes through Section 179. The deduction can help with the rising expense of labor in light of the skilled worker shortage and contribute to training employees.

November 2, 2020 by Barbara Dillon

FBAR Foreign assets Foreign Financial Accounting Foreign financial reporting Income tax International report of foreign bank and financial accounts Tax Taxes

Foreign Financial Account Reporting and FBAR

Every year, under federal law, taxpayers must report certain foreign financial accounts to the Treasury Department. Whether the account produced taxable income has no effect on whether the account is a foreign financial account for FBAR purposes.

June 6, 2018 by Barbara Dillon

Taxes

What Every Employer Should Know About State Unemployment Tax

Most employers in the United States must pay state unemployment tax, the collection of which is authorized by the State Unemployment Tax Act (SUTA). Although most wages are subject to SUTA tax, certain wages may be exempt.