AZ Taxpayers: Federal Tax Opportunity Window Closes After August 27

  |  August 27, 2018

On Thursday, August 23, 2018, the IRS issued proposed regulations that would disallow the federal deduction for donations made to charitable organizations in which taxpayers receive a tax credit. The proposed regulation was needed to halt the many states that were putting in place credit programs to circumvent the recent tax law change limiting the deduction for state and local taxes to $10,000. 

The proposed regulation impacts donations made after August 27, 2018. The regulation is not final and a comment period is required; however, to secure your Arizona state tax credits for 2018, we are recommending you make your contributions before August 28, 2018. Read more. Read More

Independent Contractor or Employee? California Supreme Court Creates New Test

  |  August 20, 2018

On April 30, 2018, the California Supreme Court announced a decision in the case of Dynamex Operations West, Inc. v. Superior Court of Los Angeles, creating a new test that could make it much harder for companies to claim that a worker is an independent contractor and not an employee. As a result, as many as 300,000 California workers could be newly considered employees rather than independent contractors. Read more. Read More