BeachFleischman PC

BeachFleischman PC

Category: Content
Type: Blog Article

Generated 19 hours ago

New blog articles detected

  • Who can — and who should — take the American Opportunity credit?

    If you have a child in college, you may be eligible to claim the American Opportunity credit on your 2016 income tax return. If, however, your income is too high, you won’t qualify for the credit — but your child might. There’s one potential downside: If your dependent child claims the credit, you must forgo […] The post Who can — and who should — take the American Opportunity credit? appeared fir...

BeachFleischman PC

Category: Content
Type: Blog Article

Generated 19 hours ago

New blog articles detected

  • Do You Sit All Day? Take a Stand Against a Sedentary Lifestyle

    The average American sits a lot. Many of us sit while we work, while we relax and while we learn. Over the long term, this sedentary way of life can have a negative impact on our health, increasing the risk of diabetes, heart disease and cancer—in addition to shortening life spans. To counteract these negative […] The post Do You Sit All Day? Take a Stand Against a Sedentary Lifestyle appeared fir...

BeachFleischman PC

Category: Content
Type: Blog Article

Generated 1 week ago

New blog articles detected

  • 2016 IRA Contributions – It’s not too late!

    Yes, there’s still time to make 2016 contributions to your IRA. The deadline for such contributions is April 18, 2017. If the contribution is deductible, it will lower your 2016 tax bill. But even if it isn’t, making a 2016 contribution is likely a good idea. Benefits beyond a deduction Tax-advantaged retirement plans like IRAs […] The post 2016 IRA Contributions – It’s not too late! appeared firs...

BeachFleischman PC

Category: Content
Type: Blog Article

Generated 1 week ago

New blog articles detected

  • When an elderly parent might qualify as your dependent

    It’s not uncommon for adult children to help support their aging parents. If you’re in this position, you might qualify for the adult-dependent exemption. It allows eligible taxpayers to deduct up to $4,050 for each adult dependent claimed on their 2016 tax return. Basic qualifications For you to qualify for the adult-dependent exemption, in most […] The post When an elderly parent might qualify a...

BeachFleischman PC

Category: Content
Type: Blog Article

Generated 1 week ago

New blog articles detected

  • Could Hockey Return To Downtown Phoenix? Council OKs Closer Look

    Phoenix city leaders have given the green light for a consultant to consider hockey at Talking Stick Resort Arena. The downtown venue, home to the Phoenix Suns basketball team, was actually the Arizona Coyotes’ first stop when the team arrived in 1996. The Coyotes moved to Glendale in 2003. Now, one councilman wants to know […] The post Could Hockey Return To Downtown Phoenix? Council OKs Closer L...

BeachFleischman PC

Category: Content
Type: Blog Article

Generated 2 weeks ago

New blog articles detected

  • Pitching Phoenix: How Businesses Are Helping To Grow Downtown

    When it comes to attracting businesses to their downtowns, many city leaders like to promote “walkability.” It means an area is pedestrian safe and welcoming. But, in Phoenix, the woman whose main job is to help create jobs, said “walkability” is nothing special. Instead, she thinks the nation’s 6th-largest city should focus more on its […] The post Pitching Phoenix: How Businesses Are Helping To ...

  • Set the Stage to Help Your Home Sell This Spring

    Spring is in the air…which means peak home-selling season isn’t far away. In fact, according to recent market data, 60 percent of all home sales in the United States will occur in the spring and summer months. If you’re thinking about putting your home on the market, now is the time to get prepared—which includes […] The post Set the Stage to Help Your Home Sell This Spring appeared first on Beach...

  • Tangible property safe harbors help maximize deductions

    If last year your business made repairs to tangible property, such as buildings, machinery, equipment or vehicles, you may be eligible for a valuable deduction on your 2016 income tax return. But you must make sure they were truly “repairs,” and not actually “improvements.” Why? Costs incurred to improve tangible property must be depreciated over […] The post Tangible property safe harbors help ma...

BeachFleischman PC

Category: Content
Type: Blog Article

Generated 3 weeks ago

New blog articles detected

  • Deduct all of the mileage you’re entitled to — but not more

    Rather than keeping track of the actual cost of operating a vehicle, employees and self-employed taxpayers can use a standard mileage rate to compute their deduction related to using a vehicle for business. But you might also be able to deduct miles driven for other purposes, including medical, moving and charitable purposes. What are the […] The post Deduct all of the mileage you’re entitled to —...

BeachFleischman PC

Category: Content
Type: Blog Article

Generated 4 weeks ago

New blog articles detected

  • Preparing for Arizona’s New Mandatory Sick Leave Under Prop 206

    On November 8, 2016, Proposition 206: The Fair Wages and Healthy Families Act passed, receiving nearly 60% of votes. There are two parts to Prop 206; the first is a minimum wage increase, and the second is mandatory employer-provided sick leave. On January 1, Arizona’s minimum wage increased to $10.00 an hour, which was highly […] The post Preparing for Arizona’s New Mandatory Sick Leave Under Pro...

  • Trust 65 Day Distribution Deadline is March 6, 2017

    The 663(b) election, also known as the “65 Day Rule” enables a trust to make a distribution within the first 65 days of year, and have it count as a distribution for the previous tax year. While this has always been a planning tool used to maximize tax savings for trusts and beneficiaries, it takes […] The post Trust 65 Day Distribution Deadline is March 6, 2017 appeared first on BeachFleischman.

BeachFleischman PC

Category: Content
Type: Blog Article

Generated 1 month ago

New blog articles detected

  • Do you need to file a 2016 gift tax return by April 18?

    Last year you may have made significant gifts to your children, grandchildren or other heirs as part of your estate planning strategy. Or perhaps you just wanted to provide loved ones with some helpful financial support. Regardless of the reason for making a gift, it’s important to know under what circumstances you’re required to file […] The post Do you need to file a 2016 gift tax return by Apri...

  • What you need to know about the tax treatment of ISOs

    Incentive stock options allow you to buy company stock in the future at a fixed price equal to or greater than the stock’s fair market value on the grant date. If the stock appreciates, you can buy shares at a price below what they’re then trading for. However, complex tax rules apply to this type […] The post What you need to know about the tax treatment of ISOs appeared first on BeachFleischman.

BeachFleischman PC

Category: Content
Type: Blog Article

Generated 1 month ago

New blog articles detected

  • Ethics Programs: Setting the tone to prevent fraud

    In the Association of Certified Fraud Examiners biannual Report to the Nations (2016), the cases studied in the Report to the Nations indicated that small organizations experienced fraud at a rate of approximately 30% with a median loss of $150,000 Interestingly, the median loss at small organizations is comparable to those at large multi-national organizations, […] The post Ethics Programs: Setti...

  • Veteran Entrepreneurs Bring ‘Threshold Of Pain’ To Startup World In Valley

    When we hear about veterans, we usually hear stories of war, about issues at the VA, or their struggles with PTSD or homelessness. But, there’s another side to that story that veteran Phillip Potter wants you to hear. Too often, Potter said, the narrative about veterans is negative: “We’re all homeless or we’re broken, or […] The post Veteran Entrepreneurs Bring ‘Threshold Of Pain’ To Startup Worl...

  • Arizona CFOs Report Higher Optimism for 2017

    January 31, 2017, Tucson, AZ — CFOs in both Phoenix and Tucson believe that economic conditions have improved significantly in their cities and the state of Arizona, with the majority expecting revenue growth and one-third are planning to raise the price of their goods and services this year. These were just some of the results […] The post Arizona CFOs Report Higher Optimism for 2017 appeared fir...

BeachFleischman PC

Category: Content
Type: Blog Article

Generated 1 month ago

New blog articles detected

  • The “manufacturers’ deduction” isn’t just for manufacturers

    The Section 199 deduction is intended to encourage domestic manufacturing. In fact, it’s often referred to as the “manufacturers’ deduction.” But this potentially valuable tax break can be used by many other types of businesses besides manufacturing companies. Sec. 199 deduction 101 The Sec. 199 deduction, also called the “domestic production activities deduction,” is 9% […] The post The “manufact...

  • Phoenix-Area Retail Construction Hits Highest Level Since 2009

    Research by commercial real-estate firm CBRE says more than 1.3 million square feet of new retail space opened across the Valley last year. That’s more than double the year before, but still a fraction of the pre-recession peak. In 2007, the Valley experienced nearly 10 times the retail construction we saw last year. But, that’s […] The post Phoenix-Area Retail Construction Hits Highest Level Sinc...

  • $10 Minimum Wage Creating Questions As Arizona’s Small Businesses Adjust

    A week after the new $10 minimum wage has been in effect for Arizona employees, business owners are still asking questions on what exactly the law entails. Officials say since Proposition 206 was approved by voters, calls have been pouring in every day from businesses with questions on all facets of the law. Arizona’s Industrial […] The post $10 Minimum Wage Creating Questions As Arizona’s Small B...

  • The investment interest expense deduction: Less beneficial than you might think

    Investment interest — interest on debt used to buy assets held for investment, such as margin debt used to buy securities — generally is deductible for both regular tax and alternative minimum tax purposes. But special rules apply that can make this itemized deduction less beneficial than you might think. Limits on the deduction First, […] The post The investment interest expense deduction: Less b...

  • A Children’s Story Lesson on Ethics

    One night while putting my daughter, Genevieve (4), to bed I came across a message in the book she chose that sparked my interest on a professional level. The book chosen was about teaching kids the power of affirmations titled “I Think, I Am!” by Louise L Hay. As we went through the pages, we […] The post A Children’s Story Lesson on Ethics appeared first on BeachFleischman.

BeachFleischman PC

Category: Content
Type: Blog Article

Generated 5 months ago

New blog articles detected

  • Watch Out Phoenix, Tempe and Chandler: Mesa’s Looking To Woo Businesses

    by KJZZ Business News, Your NPR Station Listen on KJZZ.org Since the Great Recession many developers have come to expect tax incentives. And, many Valley cities have provided them. Now, Mesa hopes to do the same and send a message that it’s serious about revitalizing the area around Fiesta Mall. “We need to stay competitive with […] The post Watch Out Phoenix, Tempe and Chandler: Mesa’s Looking To...

BeachFleischman PC

Category: Content
Type: Blog Article

Generated 6 months ago

New blog articles detected

  • Wondering About Tax Deductions for Political Contributions?

    With election season in full swing, you may be wondering, “Are political contributions tax deductible?” Here’s the lowdown: Whether it’s your county mayor or the future President of the United States, the rules on taking advantage of tax deductions for political contributions are the same: Donations are deductible if the organization you give to is a […] The post Wondering About Tax Deductions for...

  • Pima County Sees Strong Job Growth

    by KJZZ Business News, Your NPR Station Listen on KJZZ.org It’s been a good year for Pima County, jobs-wise. Newly released numbers show the county added 15,000 new jobs between July 2015 and July of this year. That’s 4.2 percent growth. In Arizona, only Prescott had a higher growth rate. When you look at similarly-sized […] The post Pima County Sees Strong Job Growth appeared first on BeachFleisc...

BeachFleischman PC

Category: Content
Type: Blog Article

Generated 6 months ago

New blog articles detected

  • Documentation is the key to business expense deductions

    If you have incomplete or missing records and get audited by the IRS, your business will likely lose out on valuable deductions. Here are two recent U.S. Tax Court cases that help illustrate the rules for documenting deductions. Case 1: Insufficient records In the first case, the court found that a taxpayer with a consulting […] The post Documentation is the key to business expense deductions appe...

  • Uniform Guidance Handouts

    Organizations, including not-for-profit entities, receiving federal awards are subject to the new Uniform Guidance. The Uniform Guidance was effective for fiscal years beginning after 12/26/14 and supersedes guidance from previous OMB circulars. Most organizations will be impacted by these changes during their 2015 or 2016 fiscal year. Changes include increasing the threshold for requiring single ...

  • Arizona Child Support: Common Questions Asked of a Forensic Accountant

    In Arizona, the Arizona Child Support Guidelines provide a standard of support for children and are based on both the needs of the children and the ability of the parents to pay. The Guidelines provide specific calculations to perform in order to determine the proportional share that each parent should pay based on various factors. […] The post Arizona Child Support: Common Questions Asked of a F...

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