News and Events
Blog
Why Rescheduling Matters for IRC §280E
Why Rescheduling Matters for IRC §280E IRC §280E currently disallows ordinary and necessary business deductions for any business “trafficking” in a substance listed under Schedule I or II of the Controlled Substances Act. Because cannabis has long been classified as a...
A Landmark Shift in Federal Cannabis Policy: A Perspective from Price Kong
A Landmark Shift in Federal Cannabis Policy: A Perspective from Price Kong We join our clients and colleagues in celebrating the federal government’s move to reschedule cannabis to Schedule III—a historic milestone that marks the beginning of a new financial era for...
Upcoming IRS Change: Automatic First-Time Penalty Abatement (FTA) for 2025 Tax Filing Year
Upcoming IRS Change: Automatic First-Time Penalty Abatement (FTA) for 2025 Tax Filing Year Starting with 2025 tax returns filed in 2026, the IRS will begin automatically applying first-time penalty abatement for taxpayers who qualify—no request necessary. FTA is an...
The PK Pulse Newsletter
Retirement Tax Changes in 2025
RETIREMENT TAX CHANGES IN 2025 How Secure 2.0 and OBBBA will affect 2025 retirees Secure 2.0’s planned updates, in addition to the “One Big Beautiful Bill” Act (OBBBA) changes to the tax landscape, will continue to shift retirement planning rules in 2025 and beyond....
State and Local Tax (SALT) Deductions
H.B. 1 introduces significant changes to the SALT tax deduction, having a direct impact on taxpayers' tax liabilities, particularly those in high-tax states; however, taxpayers have to itemize deductions and, depending on location, some will see more benefits than...
529 College Saving Plans: Federal Changes Broaden Scope
529 College Savings Plans (529 plan), operated by a state or educational institution, off tax advantages and other incentives to make it easier to save for college and post-secondary training. 529 plans can also be used for tuition in connection with enrollment or...
Price Kong in the News
Ross Dietrich Published by PBJ Discussing Name. Image. Likeness
Price Kong Managing Partner Gary Ross Dietrich, CPA was published by the Phoenix Business Journal discussing the tax implications student-athletes need to consider when receiving name, image, likeness (NIL) related funds and gifts. Click HERE to read the article....
Ross Dietrich Comments on Financial Services Offered to Cannabis Industry
Price Kong Managing Partner Ross Dietrich is quoted in the Phoenix New Times article "Arizona Bankers Are Warming Up to Marijuana Businesses," which discusses how Arizona financial services are beginning to open up to the marijuana industry.
Ross Dietrich quoted in Phoenix Business Journal article “Out with the old school”
Price Kong Managing Partner Ross Dietrich is quoted in the Phoenix Business Journal article "Out with the old school," which discusses how the coronavirus pandemic shook up Arizona's accounting world and forced a shift in workforce and hiring practices. NOTE: This...
Firm Announcements
Price Kong Cares Thanksgiving Gift Card Drive for Homeless Youth
Price Kong Cares is sponsoring a Thanksgiving Gift Card Drive to help provide meals for displaced youth.Please join us by donating Fry's, Walmart, Safeway or other grocery store gift cards in $25 increments. Deliver or mail gift cards (in a secure envelope) to: ...
Price Kong Welcomes Chris Pellegrini
Price Kong & Co., C.P.A.s, P.A. is proud to announce that Chris Pellegrini has joined the firm as Consulting Services Manager. His focus is leading the firm's Chief Financial Officer (CFO) and controller services offered to clients. Pellegrini will also provide...
Price Kong Promotes Lixun Tang to Partner
Price Kong & Co., CPAs, P.A. is proud to announce that Lixun Tang, CPA has been promoted to Partner. Tang, who goes by LT, has over 17 years of experience in public and corporate accounting. “We are excited to have LT join the firm’s partner ranks,” stated G. Ross...
Videos
AMCA and MSBASA Small Business Vignette: The “F” Word: Fraud in the Workplace
A major issue many businesses are exposed to is fraud in the workplace. When it occurs in a small business, it can have a huge impact on the bottom line. Price Kong Managing Partner Ross Dietrich discusses why and how fraud happens, how business owners can minimize...