by Dawn Anderson | Published On Dec 4, 2020 | Blog, Tax
In May of this year, the Internal Revenue Service (IRS), in coordination with the U.S. Department of the Treasury, issued Notice 2020-32, which provides that otherwise deductible business expenses are not deductible if the taxpayer is the recipient of a Paycheck...
by Dawn Anderson | Published On Nov 11, 2020 | Articles, Tax
It is more important than ever to get a head start on year-end tax planning. To assist with the process, Price Kong has released a 2020 Year-End Tax Planning Guide. Year-end tax planning is always challenging, but the coronavirus pandemic has added a whole new layer...
by PKCPA | Published On Nov 4, 2020 | Blog, Tax
On November 3, 2020, Arizona voters approved Proposition 208 (Prop 208), the Tax on Incomes Exceeding $250,000 for Teacher Salaries and Schools Initiative. Also referred to as the Invest in Arizona Act, Prop 208 provides for the imposition of a new income tax...
by Violet Michael | Published On Aug 21, 2020 | Blog, Tax
AZ Tax Credits When you donate to organizations that provide assistance to qualifying charitable organizations, qualifying foster care organizations, public and private schools, and the Arizona Military Family Relief Fund, you can receive a dollar-for-dollar tax...
by PKCPA | Published On Aug 11, 2020 | Blog, CCOVID-19, Tax
On August 8, 2020, President Trump signed an executive order and three memoranda aimed at providing additional economic relief to Americans. The actions include “payroll tax holiday,” renewal of enhanced unemployment compensation, extended student loan relief, and...
by Dawn Anderson | Published On Jul 1, 2020 | Blog, CCOVID-19, Tax
On Monday, June 29th, the Internal Revenue Service (IRS) confirmed that it will not be offering an additional extension beyond July 15, 2020, without penalty, for 2019 tax filings and payments due. The deadline was extended three months due to the Coronavirus...
