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[ … ]
Do you own Series EE bonds? Take a look at the issue dates. If the bonds are no longer earning interest, you probably want to redeem them. Here’s more about how the interest on the bonds is taxed.
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[ … ]
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”[ … ]
Photo by Sky Schaudt – KJZZ
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[ … ]
Photo by Tyler Lagalo – Unsplash
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[ … ]
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[ … ]
There are a number of tax obligations that must be met when a business closes its doors. Sadly, because of COVID-19, many businesses are facing this reality. Here are the basic requirements.
Getting a divorce can be distressing. You don’t want to make matters worse by making decisions that will cost you more in taxes. Here are four issues to consider if you’re in the midst of getting a divorce.