by Dawn Anderson | Published On Jun 29, 2021 | Blog, Tax
The Internal Revenue Service (IRS) and U.S. Department of Treasury (Treasury) have developed several online tools and resources designed to assist families with the enhanced Child Tax Credit for the 2021 tax year. The credit is part of the American Rescue Plan Act of...
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 PKCPA | 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 Dawn Anderson | Published On Mar 28, 2020 | Blog, CCOVID-19, Tax
President Trump signed into law the CARES Act (the “Act”), the $2 trillion stimulus package designed to stabilize the economy amid the COVID-19 pandemic. The groups that will most benefit are individuals, small businesses, big corporations, hospitals and public...
