News

IRS Clarification on State and Local Taxes

Categories: News

In wake of tax reform, the IRS issued clarification allowing some business owners to bypass the new $10,000 cap on the state and local tax deduction. Now, business owners may want to consider claiming deductions for charitable contributions as ordinary, deductible business expenses.

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GoFundMe | IRS Rules

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GoFundMe is an online platform that anyone can create to raise money for a family member’s cancer treatments, college tuition, new church building, or other cause. Anyone who makes a donation can obtain an official-looking receipt for tax purposes. Are these donations eligible for a charitable deduction?

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Surviving a Tax Audit

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A tax audit is the fear of every taxpayer and subject of comedians, TV shows, and social media posts. If you are well-prepared, you can make it go smoothly and increase the odds of a good outcome.

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Business News | Preparing for New Accounting Challenges

Categories: News

What accounting issue does every business leader need to be aware of heading into 2019? A big change in lease accounting, due in January 2019, will affect every public and private Arizona company. See more from Randy G. Brammer, CPA, CCIFP, Audit Partner, and Michelle L. Flynn, CPA, Tax Partner, as featured in Az Business.

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House in a Trust | Pros | Cons

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Trusts can solve a lot of estate planning problems, and you can even put your residence into one. There are many advantages to this powerful estate planning technique, but you need to know the details.

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Future of Bitcoin?

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The digital currency, bitcoin, has frequently been in the news. What is this controversial financial product and how does it work? Is it something you should invest in? Bitcoin is a decentralized digital currency known as a cryptocurrency. Essentially, it is a form of money that exists only as computer code and is not overseen by any central bank. The IRS considers bitcoin a real thing and it is taxable.

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Supporting Our Community and Arizona Military

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Wallace, Plese + Dreher (WP+D) believes in supporting our military and recognizes their sacrifices in protecting and defending the U.S. As one of the Firm’s community projects, we organized a drive to collect school supplies for Military Assistance Mission (MAM). With increased Arizona deployments, military children face many challenges and adjustments when family members are deployed.

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Wallace, Plese + Dreher (WP+D) Announces Promotions

Categories: News

Wallace, Plese + Dreher (WP+D) announces numerous promotions. Our people have diverse backgrounds, speak a variety of languages, and possess a wide-range of technical skills. Promotions reflect our workplace culture that encourages continuous learning, career development, and opportunities for advancement.

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