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Navigating The New 199A Pass-Through 20% Business Deduction

Published on December 13, 2018

Taxpayers with higher 1040 taxable incomes who are self-employed but are not “specified service businesses”…

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save for retirement or education

Saving Plans for Retirement and Education

Published on September 11, 2018

When you are attempting to save money for your children’s future education or your retirement,…

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10 Strategies For Getting Paid

Published on August 28, 2018

If we don’t get paid, we go out of business.  Taking action to collect money…

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IRS Regulations Clarify Business Pass-Through Deduction

Published on August 14, 2018

Some of the major provisions of last year’s tax reform legislation were the many benefits…

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Big Changes for Vehicle Tax Deductions

Published on July 26, 2018

In the past, the business use of a vehicle was determined either by using the…

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Taxpayers Find Gift-Tax Reporting Confusing

Published on July 19, 2018

Gift taxes were created to prevent wealthy taxpayers from transferring their estates to their beneficiaries…

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Has Tax Reform Taken Away Your Home Mortgage Interest Deduction?

Published on July 17, 2018

The Tax Cuts and Jobs Act of 2017, more commonly referred to as tax reform,…

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The Most Common Accounting Mistakes Small Business Owners Make And How To Avoid Them.

Published on July 17, 2018

Most small business owners are an expert in their field, but not necessarily in the…

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10 Mistakes That Can Cost You Your Business

Published on June 22, 2018

Even the smartest small business owner can do dumb things now and then. Unfortunately, some mistakes…

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Can your Arizona S Corp help you beat the IRS’s new $10,000 state and local tax cap?

Published on June 12, 2018

Under new federal tax law taking effect January 1st, 2018 the IRS will begin capping…

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Summer Employment For Your Child

Published on May 22, 2018

Article Highlights: Higher Standard Deduction IRA Options Self-Employed Parent Employing Your Child Tax Benefits Summer…

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Good and Bad News About The Home Office Tax Deduction

Published on May 15, 2018

Article Highlights: Home Office Qualifications Actual-Expense Method Simplified Method Income Limitation Employee Deduction “Home office”…

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Tax Reform Suspends the Tax Deduction for Employee Business Expenses

Published on May 3, 2018

Article Highlights: Employee Business Expenses Miscellaneous Itemized Deductions Subject to the 2% AGI Floor Accountable…

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Divorce and the New Tax Law Brings a Plethora of Tax Planning Decisions

Published on April 26, 2018

Article Highlights: Filing Status Claiming the Children as Dependents Child Exemption Head-of-Household Filing Status Tuition…

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Why It Might be Time for Your Small Business to Migrate to Cloud Accounting

Published on April 22, 2018

Cloud accounting is a big idea that brings with it a lot of lofty implications,…

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You May Not Get a Tax Refund Next Year

Published on April 17, 2018

Article Highlights: Payroll Withholding W-4 2018 Tax Projection Adjusting Withholding With all of the tax…

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School Contributions

Tax Reform Adds Education Benefit

Published on March 29, 2018

Article Highlights: Tax Benefits Types of Tax-advantaged Education Savings Plans Differences in Permitted Contributions Differences…

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Minimizing Tax on Social Security Benefits

Published on March 27, 2018

Article Highlights: Income as a Factor Filing Status as a Factor 85% Maximum Taxable Base…

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Cryptocurrencies and Taxes

Published on March 6, 2018

Article Highlights: Virtual Currency Valuation Transactions Character of the Gain or Loss Foreign Currency Transactions…

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Tax Reform Puts a Cap on Deducting Business Losses

Published on February 15, 2018

Article Highlights: Excess Business Loss Computing the Loss Limits Net Operating Losses (NOL) NOL Carryovers…

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Surprise! Extender Bill Passed: Do You Benefit?

Published on February 12, 2018

Article Highlights: Mortgage Insurance Premiums Above-the-Line Education Expenses Exclusion of Home Cancellation of Debt Income…

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Business Owners Beware – New Tax Law Severely Limits Entertainment Deductions

Published on February 9, 2018

Article Highlights: Business Entertainment Expenses Business Meals Directly Related To Test Associated With Test Employee…

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Do you need a 1099 or W-2 filing extension?

Published on January 30, 2018

If you are up against the January 31st filling deadline did you know a 30…

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How Small Businesses Write Off Equipment Purchases

Published on January 3, 2018

Article Highlights: Depreciation Materials & Supplies De Minimis Safe Harbor Expensing Routine Maintenance Unlimited Expensing…

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Reminder – Reduce your TAXES with Arizona Tax Credits!

Published on December 22, 2017

There are a number of different Arizona Charitable, and Education tax credits available to Arizona…

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Tax Reform Special Report

Published on December 17, 2017

On Friday, December 22, 2017, the “Tax Cuts and Jobs Act” (H.R. 1) was signed…

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Cash flow

Enhance Your Cash Flow, Enhance Your Business: The Top Tips You Need to Know

Published on September 26, 2017

We’ve discussed at length in the past about how cash flow is ultimately one of the most…

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Preparing for Your Child’s Future Education

Published on August 3, 2017

Article Highlights: Sec. 529 plans Coverdell Education Savings Accounts American Opportunity Tax Credit The Lifetime…

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Mandatory Sick Time in Arizona – Are you ready for July 1st?

Published on June 26, 2017

As a business owner, I am sure that you’re aware of the Arizona Pop 206…

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Thinking of Tossing Old Tax Records? Read This First.

Published on June 15, 2017

Article Highlights: Reasons to Keep Records Statute of Limitations Maintaining Records of Asset Basis Keeping…

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8 Financial Tips to Help Save Money While Building Your Startup

Published on March 22, 2017

1. Be careful with perks. As a new business, you want to attract the best…

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Health Reimbursement Arrangements Approved For Qualified Small Employers

Published on March 9, 2017

Article Highlights: Health Reimbursement Plans and the ACA Noncompliance Penalties New Law and Qualified Small-Employer…

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Thinking of Becoming a Real Estate Flipper? Here’s a Primer on the Tax Rules

Published on December 6, 2016

Article Highlights: Definition of Flipping Government Will Share in the Profits Tax Treatment Depends on…

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10 Insane (But True) Ways to Grow Small Business Profits

Published on November 21, 2016

When you were a kid, you imagined becoming an entrepreneur — a dream that turned…

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