Taxes

The EITC is a benefit for working people with low to moderate income. To qualify there are a couple different requirements that must be met such as:   -you have earned income and adjusted gross income within certain limits; AND -you meet certain basic rules; AND you either: -meet the rules for those without a […]

There were quite of few things that were passed by Congress on December 19th, 2019 and then signed into law by the President on December 20th, 2019.Most changes that occurred are about how you save money for retirement, how the money in your retirement account can be used and some changes in regard to Section

Taxes can be complicated, especially if you’re a small business owner. Unfortunately, many self-employed individuals end up not claiming deductions that could significantly reduce their tax bill. One area that is particularly confusing for many small business owners is mileage. As small business accountants in Gilbert, we would be happy to help you navigate your

Mileage Tracking for Tax Deduction Every business owner, no matter how small, must keep good records. But whether it’s tracking of mileage for tax deduction, documenting expenses, or separating personal from business use, keeping up with paperwork is a seemingly never-ending job. No matter how good your intentions are in January, the chances are good

Withholding Tax AZ Tax withholding in AZ can be complicated, and with the passage of the Tax Cuts and Jobs Act (TCJA) legislation. It’s even more so since a number of tax provisions have changed. As such, it’s important to make sure the right amount of tax is withheld for your particular tax situation. Many

Do you need to renew your ITINs in AZ? Under the Protecting Americans from Tax Hikes (PATH) Act. Individual Taxpayer Identification Numbers (ITINs) that have not been used on a federal tax return. For at least once in the last three consecutive years will expire December 31, 2018. In addition, ITINs with middle digits 73,

Though it’s never too late to start saving for Retirement AZ. The sooner you begin saving, the more time your money has to grow. Gains each year build on the prior year’s gains–that’s the power of compounding–and the best way to accumulate wealth. Set Realistic Goals. Project your retirement expenses based on your needs, not

Ways in safeguarding financial records against Natural disasters such as hurricanes are more common in summer, but tornadoes, floods, and fires can strike at any time. As such, it’s always a good idea to plan for what to do in case of a disaster. Here are some basic steps you can take right now to

Self-employed taxpayers who use their home for business may be able to deduct expenses for the business use of it. Qualified persons can claim the deduction whether they rent or own their home and can use the simplified option or the regular method to claim a deduction. For tax years prior to 2018, employees could