The Arizona Department of Revenue is encouraging taxpayers to practice due diligence when selecting a tax preparer this tax season. Whether you prepare your own return or hire a tax preparer, you, the taxpayer, are ultimately responsible for what is filed. According to the IRS, over 50 percent of tax filers used tax preparation services in 2021. While the majority are … [More]
Arizona’s Tax Season Now Open
The State of Arizona’s individual income tax filing season has launched and is now accepting electronically filed 2021 income tax returns. Before filing, ensure you have all documentation as some tax statements are not required to be sent until January 31, such as W-2s, 1099s, and annual tax summaries. The Arizona Department of Revenue (ADOR) recommends taxpayers file … [More]
Tips for Renewal of Arizona TPT Licenses Online
The Arizona Department of Revenue (ADOR) appreciates that businesses want to renew their Transaction Privilege Tax (TPT) License on time and efficiently. In an effort to assist taxpayers through the process and reduce errors, ADOR has prepared several tips. Businesses with more than one location will not receive a paper form for renewal and must renew their licenses online … [More]
Are Investors Missing This Huge Opportunity in Their Private Equity Due Diligence?
The competition to acquire high-quality companies is intense. Private equity firms each have their own methods for evaluating the current and future values of companies they wish to invest in: the product and service, leadership team, future scalability, and competition in the space. But there’s another piece that often gets overlooked, one that may hold the biggest key of all … [More]
Outsource Document Shredding to Avoid Legal Issues
Outsourcing a company’s document shredding ensures its documents will be destroyed safely and securely. It also ensures compliance with state and federal regulations. For many businesses, these regulations include the Health Insurance Portability and Accountability Act (familiarly known as HIPAA), the Fair and Accurate Credit Transaction Act, the Sarbanes-Oxley Act and the … [More]
More than 2.3M Additional Economic Impact Payments Disbursed under the American Rescue Plan, Total Payments Top 169M
The Internal Revenue Service, the U.S. Department of the Treasury, and the Bureau of the Fiscal Service announced today they have disbursed more than 2.3 million additional Economic Impact Payments under the American Rescue Plan. Today's announcement covering the most recent two weeks of the effort brings the total disbursed so far to more than 169 million … [More]
Deadline Today for Individual Income Tax Returns: Extensions, Other Help Available
The Internal Revenue Service reminds taxpayers that the deadline for filing most individual income tax returns this year is May 17. The agency also wants taxpayers who have yet to file their tax returns to know that there are a variety of options available to help them. IRS tax help is available 24 hours a day on IRS.gov. Whether filing a tax return, … [More]
