The deadline to file your 2020 tax return was May 17. Now that you’ve completed and submitted all of those documents, it’s time to start thinking about optimizing your 2021 taxes. The tax system is complicated and seems to constantly change. However, with some...
The filing deadline for 2020 taxes has been extended to May 17, 2021, for both federal and Arizona state taxes. As you prepare your own tax returns, you may have teenagers who are questioning whether they need to do the same. Does your teen...
Running a business has been challenging over the past year. The pandemic has created issues for business owners trying to maintain revenue while continuing to serve clients and keep their staff employed. Dealing with changes and tax implications can be equally challenging, now that...
Running a business can be enjoyable, exciting, and challenging, especially when it’s time to file your taxes. You have a lot of things to consider when you complete your tax return, including which forms to use and how to maximize your deductions. There are...
The annual tax preparation season has begun and with it come many questions about what can be deducted and what can be used as a tax credit. Although you should consider these questions throughout the year so you’ll be better prepared to submit your...
Tis the season for holiday celebrations and for deciding whether and how to give bonuses to your employees. As a small business owner, you may have had some challenges this past year. If you are in a position to continue to give your employees...
Managing a small business is difficult enough these days. As a small business owner, you need a clear picture of your company’s financial health to determine whether additional steps should be taken to ensure its continued success. You should also be aware of the...
In response to the economic struggles faced by many small businesses during the early days of the COVID-19 pandemic, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed on March 27, 2020. The Paycheck Protection Program (PPP) was enacted as part of...
The COVID-19 pandemic has had a significant impact on many people’s physical health, mental health, and financial health. When states like Arizona issued orders for its residents to stay home, to not go to work, and to not go out to eat or shopping...
When should small business owners take out a loan? Well, that depends on how well positioned they are for success, and the viability of any venture can be difficult to determine. There are good ways to fund your business and not-so-good ways to fund your business, and the best...
