Read the latest update regarding the extended charitable giving incentives for Arizona taxpayers
Employers: In 2023, the Social Security wage base is going up
Business owners and their employees may not have to pay Social Security tax on ALL of their wages. Amounts above a certain threshold aren’t subject to Social Security tax. Here’s how the 2023 “wage base” will affect your payroll.
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.
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.
The standard business mileage rate will increase for the second half of 2022
Because of the soaring price of gasoline, the IRS has increased the standard mileage rate for qualified business driving for the second half of 2022 from 58.5 cents per mile to 62.5 cents per mile.
Businesses: Prepare for the lower 1099-K filing threshold
Starting with the 2022 tax year, filing and receiving 1099-K forms will be much more complicated for many businesses and self-employed individuals.
New tax reporting requirements for payment apps could affect you
If you receive payments through services such as Venmo or PayPal, be aware that there are new tax reporting requirements beginning this year.
Recent Arizona Tax Law Changes
Have you considered if you would benefit from Arizona’s recent tax law changes related to small business income?
Get Ready to File Your 2021 Tax Returns
Here are some items to consider for getting ahead on filing 2021 tax returns in 2022.