Watch out for tax consequences when hiring telecommuters outside your state

If you allow employees to telecommute, be sure to consider the potential tax implications. Hiring someone in another state, for example, might create sufficient nexus to expose your company to that state’s income, sales and use, franchise, withholding, or unemployment taxes. And the employee might be subject to double taxation if both states attempt to[ … ]

BeachFleischman named by Accounting Today as one of the “2014 Best Accounting Firms to Work for”

BeachFleischman CPAs was recently named as one of the 2014 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[ … ]

BeachFleischman CPAs expands Phoenix footprint with relocation to larger office

East Camelback Road location to accommodate growth up to 60 employees Phoenix, AZ – August 4, 2014 — BeachFleischman PC, Arizona’s largest locally-owned CPA firm, announces it will relocate to expanded office space at 2201 East Camelback Road, Suite 200, effective August 4th. The firm will leave its 20830 North Tatum Boulevard offices and move[ … ]

BeachFleischman named one of the best accounting firms for women

Tucson, AZ – June 10, 2014 – BeachFleischman, Arizona’s largest locally-owned CPA firm  has been named one of 2014 Best Public Accounting Firms for Women by the Accounting & Financial Women’s Alliance and American Woman’s Society of Certified Public Accountants (AWSCPA). The “Best Firms” were among the 50 that participated in the 2014 Accounting MOVE[ … ]

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[ … ]