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[ … ]

BeachFleischman and Taylor, Duffy & Associates merge to expand Phoenix presence

Phoenix, AZ – January 1, 2013 – Phoenix-based CPA firm, Taylor, Duffy & Associates, PC and BeachFleischman PC, one of Arizona’s largest locally-owned CPA firms, have merged. Effective January 1, 2013, the combined firms will practice as BeachFleischman PC, and Taylor Duffy’s employees, including 4 principals and 7 staff, will join the firm’s Phoenix practice.[ … ]

Arizona Tax Credit Alert – December 2012

The Arizona legislature has retained and expanded some of the incentives for charitable giving for 2012. These tax credits are for individuals only, and the dollar limits differ depending on marital status. Your payments will make a positive impact on the recipient organization, while at the same time reducing your state income tax liability dollar[ … ]

Fiscal Cliff: Agreement on Taxes and Spending Possible by Year-End?

President Obama secured a second term in office November 6, 2012, in the end winning the Electoral College by a wide margin. The President’s re-election now sets in motion what will likely be difficult negotiations between Democrats and Republicans over the fate of the Bush-era tax cuts, nearly $100 billion in automatic spending cuts, and[ … ]

2012 Tax Tips for Business Owners

2012 Tax Tips for Business Owners If your business is incorporated, consider taking money out of the business by way of a stock redemption if you are in the position to do so. The buy-back of the stock may yield long-term capital gain or a dividend, depending on a variety of factors. But either way, you’ll[ … ]

BeachFleischman PC Opens Phoenix Office to Better Serve Growing Client Base

Southern Arizona’s largest independently owned CPA firm provides tax, assurance, accounting and advisory services to growth oriented professionals, closely-held corporations, and not-for-profit organizations. TUCSON, AZ – BeachFleischman PC, a certified public accounting and business advisory services firm based in Tucson, is pleased to announce that it is expanding its Arizona operations with the addition of[ … ]