2021 Tax Calendar

January 28, 2021 April 1, 2021 Tax Department Tax Bites 2021 tax deadlines, tax, tax deadlines

Reference this tax calendar to learn 2021 deadlines of various tax-related forms and payments.

View your financial statements through the right lens

January 28, 2021 February 2, 2021 Accounting & Assurance Department Assurance EBITDA, financial statements, KPIs

Business owners, do you get a little bleary-eyed looking at your financial statements? The right KPIs can help you see things more clearly.

The new Form 1099-NEC and the revised 1099-MISC are due to recipients soon

January 26, 2021 February 19, 2021 Tax Department Tax Bites filing requirements, Form 1099-MISC, Form 1099-NEC

A filing requirement is coming up if your business pays independent contractors or makes other payments.

One reason to file your 2020 tax return early

January 25, 2021 Tax Department Tax Bites filing early, Identity Theft, tax filing, tax identity theft

Filing your tax return early will get you any refund early and may protect you from tax identity theft. Here’s why.

Assessing and mitigating key person risks

January 21, 2021 January 22, 2021 Accounting & Assurance Department Assurance key people, key person, risk, risk management

Is the success of your business tied to certain “key” people? Many startups, professional service firms and small businesses are at risk of losing a key person. Here are ways to identify and shore up this critical risk factor.

2021 Arizona Electronic Filing & Payment Requirements

January 19, 2021 January 22, 2021 Melody Haddad SALT arizona, arizona tax payments, AZDOR, electronic filing

The new year brings some new rules for Arizona taxpayers. If you and/or your business are subject to tax in Arizona, please be mindful of these new rules that may impact your tax responsibilities: If your business is subject to Arizona’s corporate or partnership income tax, effective January 1, 2021, corporations and partnerships are required[ … ]

Blockchain beckons businesses … still

January 19, 2021 Tax Department Tax Bites blockchain, contracts, cryptocurrency, legal protection

Your business might not need to use blockchain just yet. However, this technology may soon play a greater role in many industries.

Late 2020 Tax Legislation Provides Targeted Tax Relief

January 18, 2021 March 8, 2021 Kim Paskal COVID-19, Tax Bites CAA, CARES, employee retention credit, PPP Loans, tax relief

On December 27, 2020, the Consolidated Appropriations Act, 2021 (CAA, 2021) was signed into law by the President. The CAA, 2021 is the fourth major relief legislation enacted in response to the coronavirus pandemic. Some of the provisions grant retroactive relief to 2020.

New law provides option to delay implementing the updated CECL standard

January 14, 2021 February 2, 2021 Tax Department Assurance, COVID-19 CAA, CECL, COVID-19, FASB

The current expected credit loss (CECL) standard has been delayed again. Under the recently enacted COVID-19 economic relief package, large public banks get a reprieve from implementing the updated rules.