Phoenix ZooLights
Wallace Plese + Dreher’s employees enjoyed a unique holiday experience at the Phoenix ZooLights.
News
2022 Charitable Donations
If you expect to itemize deductions in 2022, you may benefit from contributions to qualified charitable organizations. As long as you make a donation in 2022, it is deductible on your 2022 return, including charging the donation to a credit card on December 31.
New Lease Accounting Standard
Effective for 2022, private companies that issue financial statements prepared under U.S. GAAP are required to conform to a new lease accounting standard affecting their 2022 financial statements. Changes from the new lease accounting standard should be reflected in annual financial statements issued in 2023.
New Arizona Form A-4
Arizona’s Individual Income Tax Withholding Form, Arizona Form A-4, has been updated to reflect Arizona’s lower individual income tax rates. By January 31, 2023, every Arizona employer is required to make this form available to its Arizona employees.
Home Sellers’ Profit Exclusions Are Not One-Time Opportunities
Many homeowners sell their houses at a profit, which raises questions about taxation. Fortunately, the IRS gives breaks on these profits. Learn about the details that can save you a lot of money.
Balancing In-Person and Remote Employees
Companies with remote and in-person employees should create a plan to measure achievements in all situations.
Electric Vehicle Tax Credit
If you are interested in claiming the EV tax credit for purchasing a new electric vehicle after August 16, 2022, a tax credit is generally available only for qualifying electric vehicles where final assembly occurred in North America. A transition rule applies for electric vehicles purchased before August 16, 2022.
Rightsizing Your Arizona Company
How do you know if your Arizona company has too few or too many employees? Do you know the best way to adapt your workforce as your company grows and develops?
Fringe Benefits and Taxes
Additional benefits on top of an employee’s regular pay may be taxable. The rules are complicated and employers should familiarize themselves with the requirements. Do you know which benefits are taxable?
Teambuilding and Escape Rooms
As a teambuilding activity, our people used their communication, critical thinking, observation, and problem solving skills while participating in several escape room games.
Business Value and Your Employees
How do you think about the people who work for your company? You are on the right track if you believe they are valuable individuals who contribute to your success. A company’s intangible assets, including human capital and culture, comprise more than half of a company’s market value on average.
Arizona Accounting Firm’s Positive Impact
Are you seeking a profession that is respected and known for its integrity and ethics? Do you want to interact with influential business leaders in the Arizona community? You can experience these things in public accounting with Wallace Plese + Dreher.