(480) 406.1975 JB@FoothillsTaxAccounting.com
  • Privacy Policy
Arizona Foothills Tax Accounting
  • Articles
  • Tax Accounting
  • Tax Return Preparation
    • How Income Taxes Work
  • Tax Planning
  • About Me
  • Contact
Select Page
New Electric Vehicle Tax Credits

New Electric Vehicle Tax Credits

by John Boyle, CFP®, AIF®, EA, CTC, CEPA | Sep 12, 2022 | Business Planning, Tax Planning

You may have heard that the newly enacted Inflation Reduction Act includes expanded electric vehicle tax credits. Although this personal credit has gotten most of the publicity, the new law launched electric vehicle tax credits specifically for business use electric...
Corporate Transparency Act: FinCEN Filing Requirements

Corporate Transparency Act: FinCEN Filing Requirements

by John Boyle, CFP®, AIF®, EA, CTC, CEPA | Jun 14, 2022 | Business Planning

The Corporate Transparency Act (CTA) was passed by Congress and became effective on January 1, 2021. The CTA is a new law that requires corporations, LLCs, and other business entities to provide information about their owners to the Department of the Treasury’s...
How to Correct Tax Return Errors With 2 Methods

How to Correct Tax Return Errors With 2 Methods

by John Boyle, CFP®, AIF®, EA, CTC, CEPA | Jul 18, 2021 | Business Planning, Tax Planning

If your original income tax return was filed with errors, don’t fret; two IRS methods enable you to correct tax return errors. A superseding return; or A qualified amended return. A superseding return is an amended or corrected return filed on or before the...
Business Meals 100% Tax Deduction Law

Business Meals 100% Tax Deduction Law

by John Boyle, CFP®, AIF®, EA, CTC, CEPA | May 15, 2021 | Business Planning, Tax Planning

Business meals tax deductions have been limited by lawmakers since 1986: first to 80%, and then to 50% (unless a limited exception applies). But on December 27, 2020, in an effort to help the restaurant industry due to the COVID-19 pandemic, lawmakers enacted a new,...
Employee Retention Tax Credit Turbocharged by COVID Relief Law

Employee Retention Tax Credit Turbocharged by COVID Relief Law

by John Boyle, CFP®, AIF®, EA, CTC, CEPA | Apr 2, 2021 | Business Planning, Tax Planning

Most employers rarely considered the Employee Retention Tax Credit in favor of Paycheck Protection Program loans before the December 27, 2020 enactment of the new COVID-19 relief law. But now the game has changed. You may, as a PPP recipient, qualify to take the...
Paycheck Protection Program Loan #2: More Tax Free PPP Cash?

Paycheck Protection Program Loan #2: More Tax Free PPP Cash?

by John Boyle, CFP®, AIF®, EA, CTC, CEPA | Jan 13, 2021 | Business Planning, Tax Planning

If you received an initial Paycheck Protection Program loan, you can qualify for a second round (called a “second draw”) of tax-free PPP cash. To qualify for the second-draw Paycheck Protection Program loan, you must: have 300 or fewer employees; have suffered a 25...
« Older Entries

Categories

  • Business Planning (14)
  • Education Planning (2)
  • Estate Planning (3)
  • Insurance Planning (3)
  • Investment Planning (4)
  • Retirement Planning (3)
  • Tax Planning (16)
  • Privacy Policy
© 2022 Arizona Foothills Tax Accounting, Inc.
Neither Arizona Foothills Tax Accounting, nor its representatives offer legal advice or practice law.