Articles by Tax Department
Review the comprehensive list of blog posts and insights on accounting, tax, and audit from Tax Department - Phoenix Tucson AZ.
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2024 cost-of-living adjustment numbers are in: How do they affect your year-end tax planning?
Take these 2024 cost-of-living adjustments into consideration as you work on your year-end tax planning.
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2023 Tax Calendar
Reference this tax calendar to learn the 2023 deadlines for various tax-related forms and payments.
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Is your business closing? Here are your final tax responsibilities
If your business is closing its doors, taxes may be the last thing on your mind. But there are a number of tax obligations that must be met when a business shuts down. Here are the basic requirements.
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Manageable growth should be a strategic planning focus
If significant growth is part of your company’s strategic plan for the coming year, be careful. Growing a business too quickly can lead to serious financial problems.
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Providing fringe benefits to employees with no tax strings attached
Your business may provide low- or no-cost tax-free fringe benefits to employees. Here are the details of these benefits, along with a court case in which an employee was found to have received a taxable benefit but he didn’t include its value in his income.
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Why an LLC might be the best choice of entity for your business
A limited liability company can give you corporate-like protection from creditors while providing the benefits of taxation as a partnership. Can it work for you?
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The Inflation Reduction Act includes wide-ranging tax provisions
The Inflation Reduction Act is about to become law. Learn how its tax provisions might affect you.
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Businesses: Act now to make the most out of bonus depreciation
If your business plans to purchase bonus depreciation qualifying property, take action soon to realize a valuable tax break.
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Important considerations when engaging in a like-kind exchange
Interested in a “like-kind” exchange of real property? Here are the basic rules.
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Weathering the storm of rising inflation
Business owners: When it rains, it pours. Inflation may be putting a damper on economic optimism, but there are ways to brighten your horizons.
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How do taxes factor into an M&A transaction?
Buying or selling a business may be the most critical transaction you ever make. If your business is considering merging with or acquiring another business, it’s important to understand how the transaction will be taxed under current law. Here are some considerations.
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Dodge the tumult with a buy-sell agreement
If your business has more than one owner, a buy-sell agreement is strongly recommended. Here’s why and how they work.