Industry Outlook 2019-2020: Nonprofit & Government

What is different is nonprofit leaders’ approach to their administration and missions. Boots on the ground organizations have invested in brand perception positioning as well as administrative tools, intended to enhance their reputations and reduce overhead costs. For example, nonprofits are going paperless and equipping field representatives with tablets to communicate and report more easily.[ … ]

Department of Labor Issues Final Overtime Rule

Earlier this year, the U.S. Department of Labor (DOL) proposed a new overtime-pay exemption trigger, which would make more than one million American workers eligible for overtime pay under the Fair Labor Standard Act (FLSA). On September 24, 2019, the final overtime rule was issued to be effective on January 1, 2020. Below are a[ … ]

Industry Outlook 2019-2020: Real Estate

Demand for affordable and workforce housing in urban areas is expected to increase the average height of buildings in some western urban centers, including Phoenix. The Phoenix City Council approved a measure for downtown residential developers to receive either a tax break or an allowance to build taller structures if a percentage of apartment units[ … ]

Uncle Sam may provide relief from college costs on your tax return

We all know the cost of college is expensive. The latest figures from the College Board show that the average annual cost of tuition and fees was $10,230 for in-state students at public four-year universities — and $35,830 for students at private not-for-profit four-year institutions. These amounts don’t include room and board, books, supplies, transportation[ … ]

How Old Town Scottsdale Got Low-Income Opportunity Zone Status

STEVE GOLDSTEIN: The 2017 Tax Cuts and Jobs Act that was approved by Congress and signed by President Trump included a provision on opportunity zones. That gave states the opportunity to nominate certain areas — presumably low-income sections — as those zones, where developers would have incentive to build based on capital gains related tax breaks.[ … ]

2019 Q4 tax calendar: Key deadlines for businesses and other employers

Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2019. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements. October[ … ]

The next estimated tax deadline is September 16: Do you have to make a payment?

If you’re self-employed and don’t have withholding from paychecks, you probably have to make estimated tax payments. These payments must be sent to the IRS on a quarterly basis. The third 2019 estimated tax payment deadline for individuals is Monday, September 16. Even if you do have some withholding from paychecks or payments you receive,[ … ]

Expenses that teachers can and can’t deduct on their tax returns

As teachers head back for a new school year, they often pay for various expenses for which they don’t receive reimbursement. Fortunately, they may be able to deduct them on their tax returns. However, there are limits on this special deduction, and some expenses can’t be written off. For 2019, qualifying educators can deduct some[ … ]