Skip to content
  • COVID-19
  • About Us
    • Mission, Vision, and Values
    • Culture
    • Leadership Team
    • Women RISE
    • Community Involvement
    • Trade and Professional Involvement
    • Leading Edge Alliance
  • A-Z Blog
  • Assurance
    • Audited Financial Statements
    • Reviewed Financial Statements
    • Compiled Financial Statements
    • Employee Benefit Plan Audits
  • Tax
    • ASC 740 Tax Provisions
    • Business Tax Services
    • Cost Segregation
      • Cost Segregation Calculator
    • Estate Planning
      • Charitable Gift and Estate Planning
      • Estate Tax Planning & Preparation
      • Strategic & Succession Planning
    • International Tax
      • Canada-U.S. Tax Services
      • Foreign Investment in Real Property Tax Act
      • Passive Foreign Investment Company (PFIC)
      • IC-DISC
    • México y EU – Contadores Públicos Certificados
    • A Guide to Investing in Arizona’s Opportunity Zones
      • Qualified Opportunity Zone Consulting Services
    • Research and Development Tax Credits
      • Cash Instead of Tax Credit?
    • State and Local Taxes
    • Stock Option Taxation
    • Tax Planning and Preparation
    • Tax Planning and Projections
    • Written Managed Review
  • SOAR / Consulting
    • Accounting Services
      • Bookkeeping
    • CFO Services
    • Cybersecurity
      • Cyber IMPACT Solution
      • Cybersecurity Assessments & Testing
      • Governance, Risk & Compliance
      • Partnered Security Service Provider™
      • Specialized Cybersecurity Services
    • Financial Forensics & Valuation Services
      • Business Valuation Services
      • Fraud Investigations and Forensic Accounting
      • Marital Dissolution Services
      • Economic Damages
      • Bankruptcy, Restructuring & Turnaround
      • Court Appointments
      • Our Team
    • Payroll Processing
    • Strategic Services
      • Value Growth Services
      • Strategic & Succession Planning
      • Exit Planning
    • Pension Plan Design and Administration
    • Talent Acquisition
  • Industries
    • Cannabis
    • Construction
      • AZ TPT Commercial Contractor Decision Tree (2019)
      • AZ TPT Residential Contractor Decision Tree (2019)
    • Financial / Professional Services
    • Healthcare
    • Technology
    • Restaurant
      • Operational Reviews
    • Nonprofit
      • Applications for Tax-Exempt Status
      • Charitable Gift and Estate Planning
      • Nonprofit Merger Consultation
      • Preparation of Exempt Organization Annual Tax Returns
    • Manufacturing
    • Real Estate
      • 1031 Like-Kind Exchanges
      • Passive vs. Active Losses
      • Business Structure and Organizational Consulting
      • Cost Segregation
      • Unrelated Business Taxable Income (UBTI)
      • Rental Real Estate
      • Rate of Return Analysis
      • Operating, Partnership and Management Agreement Reviews
      • Real Estate Purchase and Sale Tax Planning
      • A Guide to Investing in Arizona’s Opportunity Zones
      • FAQs About Net Investment Income Tax (NIIT)
      • FAQs About Real Estate Professionals
  • Careers
  • Resources
    • COVID-19 Resource Center
    • Events
    • News
    • ASC 606: Revenue from Contracts with Customers
    • Arizona CFO Spotlight Survey 2019-2020
    • Arizona CFO Spotlight Survey 2018
    • Arizona CFO Spotlight Survey 2017
    • Arizona CFO Spotlight Survey 2016
  • Contact Us
    • Tucson Office
    • Phoenix Office
  • Client Center
      • Client Portal (Sharefile)

        Access Your Online Tax Organizer

        Video Guide

        Internet Explorer only

        • Upload/download files, File Manager
        • Not using Internet Explorer?
        • Frequently Asked Questions
        • Forgot your Login Information?
        logo: Powered by Right Networks

        QuickBooks Online

        Need assistance?

      • pay-invoice

        Pay Invoice

        Choose this option if you have an invoice or multiple invoices to pay.

        pay-deposit

        Pay Deposit

        Choose this option to pay a deposit, retainer, or other payment.

A-Z Blog

Retiring soon? Recent law changes may have an impact on your retirement savings

March 4, 2021 Tax Department Tax Bites IRA, IRA contributions, retirement, RMDs, SECURE Act

Saving for retirement can help make your future brighter. Recent tax law changes might allow you to save more with your IRA or retirement plan.

PPP adjusted to prioritize very small businesses

March 4, 2021 Tax Department COVID-19, Tax Bites CARES, COVID-19, Paycheck Protection Program, PPP, SBA, small business

The Paycheck Protection Program has undergone some notable changes recently as the Small Business Administration and Biden administration seek to give very small businesses easier access to loan funds.

Work Opportunity Tax Credit extended through 2025

March 2, 2021 Tax Department Tax Bites employer tax credit, SNAP, TANF, tax credits, WOTC

The Work Opportunity Tax credit was set to expire on Dec. 31, 2020. But a law passed late last year extends it through Dec. 31, 2025. Here’s how employers can benefit if they’re hiring.

Didn’t contribute to an IRA last year? There may still be time

March 1, 2021 Tax Department Tax Bites IRA, IRA contributions, retirement plan contributions, SEP

Saving now for retirement is one of the best moves you can make to help ensure financial security. If you’re eligible, you still have time to contribute to an IRA or SEP and save on your 2020 tax return.

If you run a business from home, you could qualify for home office deductions

February 23, 2021 March 1, 2021 Tax Department Tax Bites business owners, home office deductions, tax deductions, TCJA, working from home

Business owners may be able to save tax with home office deductions. If you’re working from home (like lots of people these days), you may qualify. Here’s a rundown of the rules.

Accounting for property, plant and equipment assets

February 19, 2021 February 22, 2021 Accounting & Assurance Department Assurance depreciation, financial reporting, financial statements, GAAP, PPE, Section 179

Which asset costs must be capitalized, how long will an asset provide value and which depreciation method is appropriate? Click the link for answers to common questions on reporting property, plant and equipment.

Did you make donations in 2020? There’s still time to get substantiation

February 18, 2021 Tax Department Tax Bites CAA, CARES, charitable donations, donations, substantiation requirements, tax planning

In order to claim a charitable deduction on your tax return of $250 or more, you need a written acknowledgment from the charity. What if you haven’t received one yet for a charitable donation you made in 2020?

What are the tax implications of buying or selling a business?

February 17, 2021 Tax Department Tax Bites acquisitions, buying a business, M&A, mergers, selling a business, tax implications

Buying or selling a business may be the largest transaction you’ll ever make. Pay attention to taxes. After a deal is done, it may be too late to get the best tax results.

Employee Retention Credit – The Rules Become More Liberal, More Complex

February 16, 2021 February 25, 2021 Tax Department COVID-19, Tax Bites CAA, CARES, COVID-19, employee retention credit, payroll taxes, social security

Learn about the recent tax law changes affecting the employer retention tax credit, potential benefits, and more

Should my distressed company consider a debt restructuring?

February 15, 2021 February 19, 2021 Accounting & Assurance Department Assurance, COVID-19 COVID-19, debt, debt restructuring, FASB

Many companies are struggling to make their loan payments during the COVID-19 crisis. Debt restructuring could provide relief.

Posts navigation

  • 1
  • 2
  • 3
  • 4
  • …
  • 46
  • Next →
top

Categories

  • Arizona Business (8)
  • Assurance (10)
  • Cannabis (6)
  • CFO Survey (3)
  • Construction (7)
  • Cost Segregation (1)
  • COVID-19 (43)
  • Employee Benefit Plans (8)
  • Entrepreneurs (17)
  • Estates & Trusts (13)
  • Financial and Professional Services (6)
  • Fraud (5)
  • Healthcare (11)
  • Hospitality (5)
  • Human Resources (6)
  • Industry Outlook (25)
  • International Tax (1)
  • Lease Accounting (1)
  • Litigation Support (1)
  • Manufacturing (9)
  • News and Events (41)
  • Nonprofit (11)
  • Productivity (4)
  • Real Estate (14)
  • Revenue Recognition (1)
  • SOAR (16)
    • Financial Forensics & Valuation (6)
  • Tax Bites (269)
    • SALT (5)

Recent Posts

  • Retiring soon? Recent law changes may have an impact on your retirement savings March 4, 2021
  • PPP adjusted to prioritize very small businesses March 4, 2021
  • Work Opportunity Tax Credit extended through 2025 March 2, 2021
  • Didn’t contribute to an IRA last year? There may still be time March 1, 2021
  • If you run a business from home, you could qualify for home office deductions February 23, 2021

Subscribe via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Awards & Associations

Best CPA Firm in Equity Leadership for Women
Best Firms for Young Accountants 2019 - Accounting Today
Inside Public Accounting's 2020 Top 200 Firms
Inside Public Accounting's All Star Firms
Arizona's Most Admired Companies
Leading Edge Alliance
Phoenix Office

2201 E. Camelback Road, Suite 200

Phoenix, AZ 85016

1 (602) 265-7011

1 (602) 265-7060

Tucson Office

1985 E. River Road, Suite 201

Tucson, AZ 85718

1 (520) 321-4600

1 (520) 321-4040

  • Disclaimers
  • Privacy Policy
  • Cookie Policy
  • Contact Us
BeachFleischman PC BBB Business Review

Accountants | Auditors | Advisors | Consultants | CPAs :: BeachFleischman PC is one of the largest locally-owned public accounting and consulting firms in Southern Arizona and a Top 200 CPA firm in the United States. Serving clients in Phoenix, Tucson, Mesa, Scottsdale, Tempe, Gilbert, Glendale, Flagstaff, and Chandler, BeachFleischman provides accounting, audit, consulting, and tax services to businesses, organizations, and individuals (U.S. and foreign-based), doing business domestically and internationally. ©2021 BeachFleischman PC. All rights reserved.