General News and Information Archives - Page 38 of 40

Feb
09
2015

It’s tax season! A few reminders and helpful tips!

Tax season is officially upon us! We are in the full swing of things, and wanted to post a few reminders and helpful tips for you as we head into the 2015 filing season!

Our office hours have been officially extended, starting Monday, 2/9/15, through 4/15/15:

Mondays – Fridays: 7:30 AM – 5:30 PM
Saturdays: 8:00 AM – 12:00 PM

Please let us know as soon as possible if you have had a change of address and/or phone number;

Feb
02
2015

The Affordable Care Act (ACA) and Your 2014 Taxes

Beginning January 1, 2014, every individual in the United States was required to have “minimum essential health coverage” under the ACA, pay a penalty (called the “shared responsibility payment”) or qualify for an exemption. The term “Individual” includes both taxpayers who are required to file returns because of their income, and others including seniors and children who do not have an individual return filing requirement. An individual who files a return is responsible for the coverage,

Jan
27
2015

New OSHA Reporting & Recordkeeping Requirements

Is your company now subject to reporting worker injuries under new regulations (issued September 2014) by the Occupational Safety and Health Administration (OSHA)?

Effective January 1, 2015, unless exempt, OSHA requires that all employers must report:

All work-related fatalities within 8 hours of occurrence, and
All work-related inpatient hospitalizations, all amputations, and all losses of an eye within 24 hours of occurrence.

Although OSHA applies primarily to employers who are considered to have hazardous work environments,

Jan
15
2015

AZDOR Transaction Privilege Tax: Contractors – Update

AS OF APRIL 2015, PLEASE NOTE, THE BELOW ARTICLE (AND ITS ACCOMPANYING SUPPORT OF ADOR TPN 14-1) IS HEREBY SUPERCEDED BY AZ TPN 15-1, FOUND HERE:

TPN 15-1

Do not rely on the below article as the recent revision and issuance of TPN 15-1 changes a large amount of what was originally reported in 14-1.

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On December 30th, we attended a seminar conducted by the Arizona Dept.

Jan
08
2015

Transaction Privilege Tax (TPT) Simplification Update

The Arizona Department of Revenue (ADOR) has delayed the collection of sales and use taxes for non-program cities and towns until January 1, 2016. If you are reporting and remitting sales and use tax directly to a city (such as Tucson) you will continue to do so until 2016.

License Renewals

Taxpayers must renew their sales and use tax licenses with the Arizona Department of Revenue. Most taxpayers should have received the 2015 Transaction Privilege Tax (TPT) Renewal form in November.

Dec
18
2014

In preparation of the 2015 Individual Tax Filing Season…

Well, it’s that time of year. While we do look forward to the twinkly lights and holiday hustle-and-bustle, it is this time of year where we begin ramping operations up in anticipation of the 2015 filing season with tax planning and year-end preparation. As with most CPA firms, our busiest months are February through April. We’d like to take a few moments now to help make this filing season your easiest and most hassle-free filing ever with the following tips:

Please answer all of the questions in the organizer questionnaire.

Dec
15
2014

Be “In-Kind”: Nonprofit accounting for donations of property and services

Most non-profit organizations receive some forms of non-cash gifts including both tangible property (furniture, equipment, clothing, stock, supplies, etc.) and personal services (legal, healthcare, accounting, maintenance, volunteer, etc.). These donated goods and services are referred to as in-kind contributions. Recording these non-cash gifts allows the NFP to fairly present the types of contributions it receives in order to fulfil the mission of the organization. Even though in-kind contributions are important sources of revenue for some NPFs,

Dec
10
2014

Lisa Gunther: In Loving Memory (1963-2014)

It is with heavy hearts that we compose this. On Thursday, December 4th, Lisa Gunther, our Director of Operations, surrendered to a three-year battle with cancer. Lisa is the sister of Shareholder Mari DeVries and Senior Tax Manager Mike DeVries.

Lisa was an invaluable member of the firm’s management. She was adored by both clients and staff—some of whom affectionately called her “Office Mom”. Lisa was always the eternal problem-solver.

Dec
09
2014

How the Affordable Care Act Impacts You

The end of the year is drawing near, and our firm has received countless inquiries about the new Patient Protection & Affordable Care Act (PPACA or ACA), aka Obamacare, and how the enactment affects them. Below is a helpful, easy-to-read summary on how an individual’s taxes may be impacted. We encourage all taxpayers to read this and of course, reach out to our firm if you have any questions or concerns.

How the Affordable Care Act Impacts Your Taxes

Nov
19
2014

Quick Prep Guide for Audit Fieldwork

The purpose of an independent audit is to provide financial statement users with an opinion on whether the financial statements are fairly stated, in all material respects, with the applicable financial reporting framework. To successfully issue the audit report, auditors must gather, analyze and evaluate sufficient, appropriate evidence as directed by the audit procedures. While part of the evidence-gathering process can be done electronically, our teams do spend a fair amount of time with our clients at their place of business examining documents,