Arizona’s Aerospace Manufacturing Industry Ranked Most Attractive In Nation

You could say the aerospace industry has taken off in Arizona. In fact, you could say it’s soaring. A new study by PricewaterhouseCoopers puts Arizona at number one in the U.S. for aerospace manufacturing attractiveness. Basically, the state looks good to aerospace and defense companies, like Able Aerospace in Mesa. CEO Lee Benson said there[ … ]

The World is Chipping Away at Credit Card Fraud—But Individual Vigilance is Still Key

EMV chip technology, which is the first major upgrade for credit card fraud protection in many years, is slowly being rolled out by merchants around the world, including in the United States. While this technology has the potential to provide better security for your credit card data, it still has its limits and it is[ … ]

Now’s the time to start thinking about “bunching” – miscellaneous itemized deductions, that is

Many expenses that may qualify as miscellaneous itemized deductions are deductible only to the extent they exceed, in aggregate, 2% of your adjusted gross income (AGI). Bunching these expenses into a single year may allow you to exceed this “floor.” So now is a good time to add up your potential deductions to date to[ … ]

Cost Segregation Studies Gone Wrong

For many, rapidly accelerating the depreciation on a commercial building by utilizing a cost segregation study is a no-brainer. Commercial properties are depreciated over 39 years by default, which is an awfully long time to recover the tax benefits of your cost. If you can frontload those deductions, it only makes economic sense. Right? Well,[ … ]

The Fate of Vacation Rentals in Tucson with the onset of Commercial Taxation

Through the years, vacation rentals in many locations including Tucson have been popular for people who desire a private vacation experience or prefer a convenient short-term rental. However, developments in the last year brought what some considered a rather disturbing possibility to the forefront. Property Taxes During 2015, the Pima County Assessor reclassified hundreds of[ … ]