Economist’s ‘Glass Ceiling Index’ Shows U.S. Progress Has Stalled

Women around the world continue, in most cases, to be paid less than their male counterparts and have fewer options for career advancement. But progress has been made and momentum seemed to be building. However, the latest “Glass Ceiling Index” released by the economist says any movement forward has been stalled with the exception of[ … ]

Arizona Lawmakers Consider Expanding Coverage For Telemedicine Statewide

Arizona lawmakers have a medical dilemma trying to provide medical care in the nation’s fifth fastest growing state and a rapidly aging population. Right now, private insurance policies only provide some patients remote access to doctors for a limited number of services. A bill in the Arizona Legislature would expand coverage, requiring companies to insure[ … ]

Vehicle-expense deduction ins and outs for individual tax payers

It’s not just businesses that can deduct vehicle-related expenses. Individuals also can deduct them in certain circumstances. Unfortunately, the Tax Cuts and Jobs Act (TCJA) might reduce your deduction compared to what you claimed on your 2017 return. For 2017, miles driven for business, moving, medical and charitable purposes were potentially deductible. For 2018 through[ … ]

Beware the Ides of March — if you own a pass-through entity

Shakespeare’s words don’t apply just to Julius Caesar; they also apply to calendar-year partnerships, S corporations and limited liability companies (LLCs) treated as partnerships or S corporations for tax purposes. Why? The Ides of March, more commonly known as March 15, is the federal income tax filing deadline for these “pass-through” entities. Not-so-ancient history Until[ … ]

Some of your deductions may be smaller (or nonexistent) when you file your 2018 tax return

While the Tax Cuts and Jobs Act (TCJA) reduces most income tax rates and expands some tax breaks, it limits or eliminates several itemized deductions that have been valuable to many individual taxpayers. Here are five deductions you may see shrink or disappear when you file your 2018 income tax return: State and local tax[ … ]

Arizona Appeals Court Strikes Down Law on Employee Benefits

The Arizona Court of Appeals said GOP lawmakers cannot stop local governments from requiring private employers give their workers more benefits than state law mandates. The case deals with a law passed in the wake of voters approving a higher state minimum wage, which also requires paid personal leave for employees.

3 big TCJA changes affecting 2018 individual tax returns and beyond

When you file your 2018 income tax return, you’ll likely find that some big tax law changes affect you — besides the much-discussed tax rate cuts and reduced itemized deductions. For 2018 through 2025, the Tax Cuts and Jobs Act (TCJA) makes significant changes to personal exemptions, standard deductions and the child credit. The degree[ … ]