2020

Due to the decline in charitable contributions during the COVID health crisis, the CARES Act permits taxpayers who do not itemize deductions to deduct up to a maximum of $300 of cash charitable contributions as an “above the line” deduction. The AICPA article below explains the history

The Arizona Department of Revenue is urging employers to be cautious of phishing scams targeting data such as passwords, usernames, social security numbers, and credit card payment information. Click here to read more about the latest warnings.

For those who frequently access your client portal, you are aware of the two-factor authentication that is needed to access your documents.  This is a security enhancement that has been in place for a few years to protect your data Did you know that you can update

We recently came across and article from the America Institute of CPAs (AICPA), which has some unorthodox planning tips for these uncertain times.  Four tips to consider during this planning season: Pay taxes during low tax years (IRA withdrawals and/or Roth Conversions) Review your credit reports and

After 5:00 pm EDT on Friday, August 28, 2020, the IRS and the Treasury Department released their initial guidance on the payroll tax holiday scheduled to begin on September 1, 2020. As with earlier COVID-19 granted relief, the delay in the withholding and payment of employee FICA

Phishing attacks exploit SBA The coronavirus pandemic is not stopping cybercriminals from trying to exploit small businesses as they apply for Small Business Administration loans such as the Paycheck Protection Program (PPP) and Economic Injury Disaster (EIDL) loans.  These phishing attacks seem to be coming in waves. 

Just because a taxpayer may be self-employed does not mean they cannot take advantage of the valuable tax breaks saving for retirement can offer.  We came across a great article from U.S. News explaining the value in saving for retirement for self-employed people. Click here to read more

The IRS has issued new FAQs surrounding Identity Protection Personal Identification Numbers (IP PINs).  If you have filed your 2019 Federal personal income tax returns and are a resident of Arizona, you are now eligible to get an IP PIN.  You can click here to apply for