Phoenix Tax Prep | Self Employed Many individuals who have a trade or business would classify themselves as self-employed. Sole-proprietors and independent contractors are two of the more common examples of self-employment. Being self-employed can have a big impact on...
Phoenix Payroll | Net Investment Tax Do you receive a portion of your income from what the government terms “investments?” Well, you may be subject to the Net Investment Income Tax. This tax was enacted as a way to help pay for the affordable care act. You...
Phoenix Accountant | Tax Season Starts With the United States Congress passing the tax extenders bill, the Tax Increase Prevention Act, the Internal Revenue Service announced that it anticipates opening the 2015 income tax filing season as originally scheduled in...
Phoenix Accounting Firm | Year end for SCorps As the year draws to a close, their are a few tax issues we would like to take the opportunity to remind our S-Corporation shareholders of. Shareholders of S-Corporations that own a greater than 2% interest must include on...
Phoenix CPA | Tax Extenders Passed Finally! Congress waited until the last possible minute, but finally passed the long awaited tax extenders bill which President Obama finally signed on Friday. Known officially as The Tax Increase Prevention Act, this bill...
Phoenix CPA | Charitable Contributions The IRS recently issued a news release reminding taxpayers of the rules regarding the tax laws and documentation requirements for charitable contributions. For monetary (cash, check or credit card) donations, the rules are pretty...
