How to Choose a Tax Preparer

This year, United States taxpayers must file their income tax forms before the April 18, 2023 deadline. Major life changes, business ownership, or a lack of knowledge about the ever-changing tax laws make finding a trustworthy tax preparer important. Better Business Bureau Serving the Pacific Southwest (BBB) shares tips for finding someone you can trust with your finances and … [More]

CPA Firm Expands to Include Wealth Management and Estate Planning through Merger

Dietrich & Associates CPAs, a traditional tax and accounting firm, has merged with Burnett Advisors to expand its offerings and meet clients’ growth and financial needs.    The firm, now called Burnett Advisors, offers wealth management, estate planning, tax and accounting services.    “Partnering with Burnett Advisors helps us provide more value to our clients with new … [More]

IRS Issues Standard Mileage Rates for 2023, Business Use Increases 3 Cents per Mile

The Internal Revenue Service today issued the 2023 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on January 1, 2023, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 65.5 cents per mile driven for business use, … [More]

Liability in Cyber Insurance

by Monica M. Minkel

As the cyber insurance landscape evolves at a rapid pace, underwriter diligence has increased. Many insurance carriers have become more precise with their questions, especially those related to the implementation and utilization of multifactor authorization and related risk mitigation strategies. Improperly responding to application questions can jeopardize coverage in more … [More]

J.K. Lasser’s 1001 Deductions and Tax Breaks 2023

by Mike Hunter

No one likes to pay taxes. And everyone hates paying more taxes than they need to. Yet, each year, Americans make billions of dollars in tax overpayments. In J.K. Lasser’s 1001 Deductions and Tax Breaks 2023: Your Complete Guide to Everything Deductible, expert attorney and small-business advocate Barbara Weltman delivers a thorough and carefully researched explanation of the … [More]

J.K. Lasser’s Small Business Taxes 2023

by Mike Hunter

Small business owners in the U.S. face enough challenges without overpaying tax. Despite this, millions of small businesses miss out on crucial deductions, tax credits, and tax-saving moves every year, resulting in higher-than-necessary tax bills. In J.K. Lasser’s Small Business Taxes 2023: Your Complete Guide to a Better Bottom Line, renowned attorney and small-business … [More]

Lower Your Taxes – BIG TIME!

by Mike Hunter

The authoritative guide for navigating tax time, completely revised and updated for 2023–2024, the ninth edition of Lower Your Taxes – BIG TIME! shows taxpayers how to save thousands of dollars — legally and ethically! — during tax time. It offers proven methods for taking advantage of the tax system to get a yearly subsidy of $5,000 or more back from the IRS — and bulletproof … [More]

Southwest CPA Firm Merges with Phoenix Group, Expanding Arizona Presence

REDW LLC, which has offices in Phoenix, Albuquerque and Oklahoma City and is one of the Southwest’s 10 largest advisory and CPA firms, has announced that Phoenix-based tax and accounting firm Edwards, Largay, Mihaylo & Co., PL has joined with REDW effective October 31, 2022, increasing REDW’s Phoenix office to nearly 100 team members. What started as casual conversations … [More]

Respected Valley Accounting Firm Merges with National CPA Advisory

Leading advisory CPA firm Baker Tilly US, LLP and full-service accounting and advisory firm Henry+Horne, LLP announce their intent to combine effective Dec. 1. In the last three years, Baker Tilly has expanded its geographic presence from coast to coast, strategically pinpointing the right markets with the right talent, such as Squar Milner of California, The MFA Companies … [More]

Intel Arizona’s Water Funded Projects Achieve Net Positive Water Use

Intel announced this week that their operations in the United States, Costa Rica, and India are officially net positive on water use, meaning Intel restores more freshwater than they take in. In Arizona, fifteen Intel-funded projects helped restore 890 million gallons to the watershed in 2021. In Arizona, an Intel-funded project incentivized farmers near the Verde River to … [More]

Tax Refunds Are a Time for Wise Financial Moves

If you just received or are expecting a substantial tax refund, the temptation to indulge yourself with some extravagant purchases could be great. But before you do, take a breath and think things over, says Rob Cordasco, a CPA and author of A Framework for Growth: Smart Financial and Tax Planning Strategies Throughout the Entrepreneurial Life Cycle. That deposit the IRS … [More]

The Unknown and Underutilized COVID Business Stimulus 

by Randy Bianchi

The Employee Retention Tax Credits, or ERC, was first enacted by the multitrillion-dollar CARES Act in March 2020 to address the economic impact of COVID on many businesses. When first enacted, the ERC gave employers the opportunity to qualify for up to 50% of $10,000 in eligible wages, or up to $5,000 worth of credits, per employee for 2020. Since then, several pieces of … [More]

Is a Business Equipment Subscription the Way to Go? 

by Marna Davis

One of the barriers to starting a business is enormous, front-loaded capital outlays for equipment. Business owners can expect to face this capital expenditure (CapEx) again when equipment needs to be replaced. Equipment also incurs additional costs over time for parts, repairs and maintenance, as well as the inevitable cost of age-related underperformance. Equipment … [More]

WEBINAR – Apr 6: Ask the CPA – You’ve got tax questions, we have answers!


NFIB Ask the CPA – You’ve got tax questions, we have answers! Tax season has arrived, so you won’t want to miss this webinar with special guest Micah Fraim, CPA and small business tax expert. There’s no one better to provide a realistic and informative take on small business tax planning than Micah, a best-selling author and sought-after speaker. Join NFIB on April 6, at … [More]

Tax Season Is Here! 7 Tips to Prepare Your Tax Return for Your Small Business

by Edgar R. Olivo

Tax season is here, and it is one the busiest times for small business owners and tax preparers to get these important financial responsibilities done. Keeping good financial records is a recipe for success for every small business. But small business owners have many other priorities, and a good financial regimen will ensure tax season is not as hectic. From hiring the … [More]

EN NEGOCIOS: ¡La temporada de impuestos está aquí! 7 consejos para preparar su declaración de impuestos para su pequeña empresa

por Edgar R. Olivo

La temporada de impuestos está aquí, y es uno de los momentos más ocupados para que los propietarios de pequeñas empresas y los preparadores de impuestos cumplan con estas importantes responsabilidades financieras. Mantener buenos registros financieros es una receta para el éxito de todas las pequeñas empresas. Pero los propietarios de pequeñas empresas tienen muchas otras … [More]

The Time Is Now to Get Your Tax Strategy Right for Retirement

by John L. Savarino

Financial planning for retirement should always be a thorough and careful process. Fundamental to it is being cognizant of the many variables that can affect our income, investments, taxes and savings. Well, some of the key variables are volatile right now. Inflation has hit a 40-year high. The Federal Reserve likely will raise interest rates in 2022 from current historical … [More]

Here’s Some Guidance for Taxpayers Following the Prop 208 Ruling   

Arizona Department of Revenue

The Arizona Department of Revenue is issuing the following guidance for taxpayers who are affected by the recent Maricopa County Superior Court ruling striking down the surcharge imposed by Proposition 208. Taxpayers Who Have Already Filed Don’t Need to Amend Their Returns Although this late-breaking change has occurred during tax season, ADOR is working alongside its tax … [More]

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