News

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.

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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.

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Remote Work and Cybersecurity

In 2020, the FBI reported over a million cybercrime complaints, mostly from identity theft. The time period reported in these statistics corresponds to remote work due to the COVID-19 pandemic. This should be a warning to businesses and individuals who have not taken steps to protect their sensitive information from hacking, phishing, or malware.

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Travel ID

New Arizona Travel ID

Categories: News

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.

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Arizona small business income

Arizona Small Business Income Election

Arizona small businesses may elect to file a separate small business income tax return to report their share of Arizona small business gross income. A taxpayer makes the small business income tax election by timely filing a Small Business Income Tax return along with their timely filed individual income tax form.

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Mergers and acquistions

Mergers and Acquisitions | Analyzing the Deal

How can you tell if a deal makes practical and financial sense? A short question with a complicated answer. Knowing the basics of when or if a deal makes practical and financial sense is helpful, but seeking help from a CPA to analyze the pros and cons is essential.

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What is your plan

Have You Outgrown Your Accounting Firm?

Collaboration with your Arizona accounting firm should be part of your process when making business decisions. Your accounting firm should listen and help you make strategic moves to grow your company. Perhaps, you have heard your accountants refer to themselves as a crossing guard directing traffic, hoping everyone makes it across safe and sound.

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January 31 Preparing for Business Tax Filings

January 31 is a significant date for businesses to perform certain tasks and start preparing for their tax filings. Businesses should keep in mind that state taxing authorities have their own set of due dates.  It is never too early to work with your accounting and payroll staff to make sure your end-of-year reporting is accurate and timely.

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Arizona Small Business Income (SBI) Tax

Senate Bill 1783 allows individual taxpayers to elect to have their Arizona small business adjusted gross income removed from their regular individual income tax return and taxed on a separate Arizona small business income tax return. For taxable years beginning from and after December 31, 2020, a small business taxpayer may elect to file a return for the taxable year with the Arizona Department of Revenue (ADOR) to report that small business taxpayer’s share of Arizona small business gross income.

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Arizona Tax Deadline

2022 Arizona and Federal Tax Filing Deadlines

Every year, changes are made to Arizona’s tax code. Since April 15 2022 falls on a federal holiday, taxpayers have until Monday, April 18, 2022, to file their 2021 tax return. If filing an extension, the extended due date to file the income tax return is October 15, 2022. However, because October 15, 2022 falls on a Saturday, taxpayers have until Monday, October 17, 2022 to timely file their 2021 tax return.

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2021 Charitable Contributions

Arizona Tax Credits for Qualifying Charitable Organizations

Arizona offers many opportunities to claim tax credits for Qualifying Charitable Organizations, including Foster Care tax credits on Arizona personal income tax. Also, there are credits for donating to public schools and Certified School Tuition Organizations.

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Remote and Hybrid Employees | State and Local Tax Considerations

With remote and hybrid work arrangements, employers should be very deliberate when communicating and executing policies relating to an employee’s work location. Individual taxpayers need to be familiar with tax laws in their resident state and businesses should be aware of tax laws in all states they operate.

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