Accounting for Goodwill

In recent years accounting rules have become more complex and complying with those rules has become more costly, especially to small business owners.  The Financial Accounting Standards Board (FASB), the organization that sets the accounting standards, established a Private Company Council (PCC) to evaluate the existing accounting rules and determine how nonpublic companies can be[ … ]

Tax Credit for Contributions to Qualifying Charitable Organizations in Arizona 2013

A credit of up to $400 for “married couples filing jointly” and up to $200 for all other filers is available for cash contributions to a qualifying charitable organization (QCO). This includes those groups that provide services to the chronically ill or disabled children.  Starting in 2013, you can take an additional credit for contributions[ … ]

Final Regulations: Capitalization of tangible property costs

Final regulations issued on the capitalization of tangible property costs – See Sample Policies In September of this year, the IRS released final regulations on the capitalization of tangible property costs. The final regulations provide an important opportunity—the de minimis safe harbor election—that allows eligible businesses to immediately expense certain property that would otherwise have[ … ]

Karen Mattull chosen as one of Tucson’s 40 Under 40

TUCSON (Aug 5, 2013) – Karen Mattull, SPHR, the director of human resources of BeachFleischman PC, has been selected as one of Tucson’s ‘40 Under 40’ winners. The award, co-hosted by the Arizona Daily Star and the Tucson Hispanic Chamber of Commerce, recognizes young leaders in Tucson who have made an impact in the community.[ … ]

Good News for Arizona: Phoenix Number 1 for Economic Growth and Tucson Number 2

According to the latest Metro Monitor Report from the Brookings Institute, Phoenix has the highest gross metropolitan product growth in the nation with Tucson a close second. Gross metropolitan product is the total value of goods and services a metropolitan area produces. The report looked at this year’s first-quarter data on economic progress for the[ … ]

Congress Passes American Taxpayer Relief Act Bill to Avert Fiscal Cliff Tax Consequences

In the early morning hours of Jan. 1, 2013, the Senate, by a vote of 89-8, passed H.R.8, the “American Taxpayer Relief Act” (the Act). Late on that same day—hours after the government had technically gone over the “fiscal cliff”—the House of Representatives, by a vote of 257 to 167, also passed the bill. The[ … ]