Employer-Provided Disaster Relief & COVID-19

Amid the COVID-19 pandemic, many employers are looking for tax-advantaged ways to help their employees with additional expenses incurred as a result of the pandemic. Section 139 of the Internal Revenue Code provides the answer. On March 13, 2020, President Trump declared COVID-19 a national disaster under the Robert T. Stafford Disaster Relief and Emergency[ … ]

Taking a Proactive Approach to Fraud

What is your business worth to you? The answer to that question is often much more complex than a number. There’s the time, dedication and hard work that you’ve undoubtedly expended toward building your company. Though, monetary value may not be the only measurement you use to quantify your success, there may be others within[ … ]

Cast your vote! Gabrielle Luoma, CEO of MOD Ventures, named an “Innovative Practitioner” 2020 finalist

We are excited to share that Gabrielle Luoma, co-founder, and CEOof MOD Ventures, LLC has been selected as one of the five finalists for CPA.com’s Innovative Practitioner Award, which recognizes innovation in process, services, or technology implementation within the public accounting industry. Gabrielle is a proven thought leader whose contributions have helped define the “future firm”[ … ]

Proposition 207: Arizona Voters Vote To Legalize Recreational Marijuana

Arizona has voted to legalize marijuana for recreational use, a decade after the state legalized medicinal cannabis.  The measure is a win for Arizona’s marijuana community and businesses. Four years ago, voters rejected a ballot measure to legalize marijuana that fractured the pro-cannabis community in Arizona. This go around, backers of Prop. 207 sought consensus[ … ]

‘In The Eye Of The Storm’ — Arizona Nonprofits Working To Keep Doors Open

A slim majority of Arizona nonprofits say it’s highly unlikely they’d have to close permanently during the next fiscal year if their financial situations do not improve in 2021. But more than 60% of those organizations say without some kind of financial assistance, they’ll see net operating losses of up to 50%. Those are among[ … ]

Tax Considerations: Claiming a Child After Divorce

Often in divorce, a court order stipulates which parent may claim a child or children on their taxes. This can also be used as a bargaining chip for either party when negotiating an agreement. But, what does the Internal Revenue Service (IRS) say about who can claim a child? While a local court may stipulate[ … ]