The recently passed law has a lot of complex provisions, which have led to a lot of misinformation. Fortunately, the IRS has just published a guide to many of the new rules. Read about the provisions, so you can discuss them with your tax advisor at WP+D.
Congratulations to Randy G. Brammer, CPA, CCIFP for making the Forbes 2025 Best-in-State Top CPAs list.
Filing taxes for your business can be complicated, with even small mistakes leading to missed deductions or higher tax bills. Ever-changing tax rules only add to the challenge. Read further for practical advice on avoiding the most common business tax pitfalls.
Businesses, corporations, self-employed individuals, retirees, and investors must pay their first quarter estimated tax payment for tax year 2025 on April 15, 2025. Because federal income taxes are pay-as-you-go, the law requires individuals who do not have taxes withheld to pay taxes as their income is received or earned throughout the year.
Pre-owned all-electric, plug-in hybrid, and fuel cell electric vehicles purchased on or after January 1, 2023, may be eligible for a federal income tax credit. The credit equals 30% of the sale price up to a maximum credit of $4,000.
A lot of effort goes into running an Arizona business. You started it because you are good at what you do. What about those accounting duties that may not be your strength? It may be time to outsource your bookkeeping and accounting tasks.
Weddings are joyous events for family and friends and are also tax events. Your tax filing status generally depends on your being married or unmarried on the last day of the year. See how your marriage status affects standard deductions as well.
The IRS warns people to watch out for common schemes that threaten their tax and financial information. Here are tips for protecting yourself.
Wallace Plese + Dreher attended Arizona State University (ASU), W. P. Carey School of Business, Meet the Firms, on March 4, 2025. The recruiting team included Jenny Nguyen, Taylor Waslaski, Haydee Acosta, and Chase Wright.
The IRS has special rules when it comes to S corporations. The fringe benefit situation is especially detailed, and can be expensive to ignore it.
Wallace Plese + Dreher attended the Career Fair at Northern Arizona University (NAU), The W. A. Franke College of Business, on February 28, 2025. The recruiting team included Lance Glover, Taylor Waslaski, and Emily Mead.
On March 2, 2025, the Treasury Department announced it would not enforce the Corporate Transparency Act (CTA) or beneficial ownership information (BOI) reporting requirements.