Get serious about your strategic planning meetings

July 28, 2021 SOAR SOAR business value, growth strategies, strategic plan, strategic planning

For any business large or small, strategic planning is no joke. Here are some best practices for holding meetings that produce exciting ideas for a profitable future.

The deductibility of corporate expenses covered by officers or shareholders

July 27, 2021 July 28, 2021 Tax Department Financial & Professional Services, Tax Bites corporate expenses, deductible expenses

If you spend money personally on behalf of your closely held corporation, you want to make sure either you or the business can deduct the expense. Here are the rules.

PPP forgiveness and repayment: What businesses need to know now

July 22, 2021 July 28, 2021 Tax Department COVID-19, Tax Bites CAA, CARES, EIDL, PPP, PPP Loan Forgiveness, PPP Loans, SBA

If you received a PPP loan, important forgiveness deadlines are approaching. Are you ready?

There’s currently a “stepped-up basis” if you inherit property — but will it last?

July 20, 2021 July 21, 2021 Tax Department Estates & Trusts, Tax Bites basis, charitable giving, estate planning, gifting, inherited property, property inheritance, tax planning

Have you inherited assets or are you planning your estate? If so, it’s crucial to understand the current “step-up” basis rules and why they might change.

Arizona Tax Credit Alert 2021

July 15, 2021 July 19, 2021 Tax Department Tax Bites arizona, charitable giving, tax credits, tax savings

Read the latest update regarding the extended charitable giving incentives for Arizona taxpayers

10 facts about the pass-through deduction for qualified business income

July 14, 2021 July 19, 2021 Tax Department Financial & Professional Services, Tax Bites pass-through deduction, QBI

Owners of “pass-through” businesses can claim a valuable tax deduction that was created by a 2017 law. Here’s how much it’s worth and who is eligible.

Here come the child tax credit payments: What you need to know

July 14, 2021 July 19, 2021 Tax Department Tax Bites advance payments, ARPA, child tax credits

If you have children age 17 or under, it’s critical to understand the recent changes made to the child tax credit.

Traveling for business again? What can you deduct?

June 22, 2021 July 19, 2021 Tax Department COVID-19, Tax Bites business travel, CAA, COVID-19, tax deductions, TCJA, travel, travel expenses

On the road again for business? Here’s a rundown of costs you can deduct for business travel.

Don’t assume your profitable company has strong cash flow

June 17, 2021 June 28, 2021 Accounting & Assurance Department Assurance cash flow, financial statements, GAAP

If your business’s bottom line is strong, that’s good news. But you still need to keep a close eye on cash flow. Here’s why.

2021 Q3 tax calendar: Key deadlines for businesses and other employers

June 15, 2021 June 16, 2021 Tax Department Tax Bites business tax deadlines, tax deadlines

Although you might want to enjoy the lazy days of summer, employers and businesses should be careful not to miss these third quarter 2021 tax deadlines.

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