BeachFleischman and GMLCPA form joint venture to launch virtual firm, MOD Ventures, LLC

BeachFleischman PC, a Top 200 largest firm in the U.S. and GMLCPA PLLC, an outsourced client accounting and advisory services firm announces the formation of a joint venture to launch a virtual firm, MOD Ventures, LLC. MOD Ventures combines GMLCPA with the client accounting services department of BeachFleischman to form a company that will serve[ … ]

BeachFleischman PC promotes Eisenman and Mattull to Shareholder

Tucson, AZ – January 1, 2019 – BeachFleischman PC announces the promotions of Lyudmila Eisenman and Karen Mattull to Shareholder. The two shareholder additions serve to support strategic growth by deepening the firm’s specialized tax and healthcare industry practice as well as firm operations. The firm now has 23 shareholders and over 170 professional client[ … ]

BeachFleischman PC promotes Ulibarri, Barraza and Feldhausen to Shareholder

Tucson, AZ – June 20, 2018 – BeachFleischman PC, one of Arizona’s largest locally-owned CPA firms, announces the promotions of Christine Ulibarri, Fernando Barraza and Evan Feldhausen to Shareholder. The three shareholder additions serve to support strategic growth by deepening the firm’s specialized tax and industry practices. The firm now has 21 shareholders and over[ … ]

Saving tax on restricted stock awards with the Sec. 83(b) election

Today many employees receive stock-based compensation from their employer as part of their compensation and benefits package. The tax consequences of such compensation can be complex — subject to ordinary-income, capital gains, employment and other taxes. But if you receive restricted stock awards, you might have a tax-saving opportunity in the form of the Section[ … ]

BeachFleischman named one of Accounting Today’s Best Accounting Firms to Work for

BeachFleischman was recently named as one of the 2017 Accounting Today’s Best Accounting Firms to Work for. Accounting Today has partnered with Best Companies Group to identify companies that have excelled in creating quality workplaces for employees. This survey and awards program is designed to identify, recognize and honor the best employers in the accounting[ … ]

Should you make a “charitable IRA rollover” in 2016?

Last year a break valued by many charitably inclined retirees was made permanent: the charitable IRA rollover. If you’re age 70½ or older, you can make direct contributions — up to $100,000 annually — from your IRA to qualified charitable organizations without owing any income tax on the distributions. Satisfy your RMD A charitable IRA[ … ]

To deduct business losses, you may have to prove “material participation”

You can only deduct losses from an S corporation, partnership or LLC if you “materially participate” in the business. If you don’t, your losses are generally “passive” and can only be used to offset income from other passive activities. Any excess passive loss is suspended and must be carried forward to future years. Material participation[ … ]