Arizona now has two separate state income tax returns: (1) AZ Income tax (what everyone is used to) and (2)AZ SBI (small business income) tax. The goal was to limit tax on…

2/15/22: IRS Update: Coming relief from certain Schedule K-2 and K-3 reporting: The IRS intends to provide certain additional transition relief for this year from the Schedule K-2 and…

The IRS issued Notice 2021-49 on August 4, 2021, which changed things “after the fact” for many businesses. Two items of note are…

The Consolidated Appropriations Act (CAA) made retroactive changes to rules regarding the Paycheck Protection Program (including simplification of the forgiveness application process, making expenses using PPP funds…

Options include loans/grants and payroll tax credits. Utilizing one may exclude another – so weighing your decision is important! This is a summary of highlights – “small print” exclusions and requirements are not included to keep brief…

There have been a whole lot of changes in recent weeks - below is my attempt at a "headline" version of items that may impact you. I've attempted to quote or provide links to sources where possible, and review for accuracy (any errors herein are mine)…