Indian Tax Extenders Included in Federal Budget

  |  February 12, 2018

The Bipartisan Budget Act of 2018, signed last week by President Trump, includes extensions of three tax incentives that benefit Indian employment and economic development on Indian reservations. These incentives had expired on December 31, 2016; the Budget Act extends them retroactively for one year through December, 2017. Read more. Read More

Market View (February 2018) – Recent Volatility

  |  February 6, 2018

As we noted in our recent Year in Review newsletter, we expected volatility to increase in 2018, and here in the early days of February 2018 we see that volatility increasing as the S&P 500 has declined more than 5% in the last two days. Many headlines say that the recent decline is due to increased worries over inflation, and how the Federal Reserve will react to unexpected inflation news. While that may be a part of the rationale for there being more sellers than buyers, we tend to think this is a rather weak argument. Although the two main inflation indicators the Federal Reserve uses have been accelerating in recent months, they are not indicating a rapid return of inflation. It seems other reasons exist for the recent downturn. Read more Read More

Market View (January 2018) – A Year in Review

  |  January 31, 2018

Like most years, 2017 had its familiar themes and its surprises.  On the familiar side, we continued to see the price of oil be relatively stable as incremental increases in demand were easily met with production increases. Economic growth both in the US and overseas continued to improve. The Federal Reserve began its balance sheet reduction program, which was highly anticipated. On the surprise side ... Read more. Read More

Tax-Free Purchases Online May Come to an End with Supreme Court Ruling

  |  January 24, 2018

On January 12, 2018, the United States Supreme Court made the decision to hear State of South Dakota vs Wayfair Inc., Overstock.com, Inc., and Newegg Inc. In the case, Wayfair, Overstock, and Newegg challenged South Dakota Senate Bill 106, which requires remote retailers with annual in-state sales exceeding $100,000, or 200 separate transactions, to collect and remit sales tax starting April 1, 2016.

The Supreme Court’s decision in State of South Dakota vs Wayfair Inc. will affect state nexus laws for remote sellers across the United States. Read more. Read More

IRS Extends Deadline to Supply ACA Forms to Employees

  |  January 3, 2018

In IRS Notice 2018-06, the IRS announced an automatic 30-day extension of the 2018 due date for furnishing 2017 Forms 1095-B (Health Coverage) and 1095-C (Employer-Provided Health Insurance Offer and Coverage). Employers now have until March 2, 2018 to distribute 2017 health coverage information forms to employees. Employees may use this information to determine whether they may claim the premium tax credit on their income tax returns. Read more. Read More

Planning Matters (January 2018) – The Changing Landscape of Life Insurance Planning

  |  January 3, 2018

One of the cornerstone principals of financial planning is the need to adequately evaluate risks to achieving long-term goals and objectives.  Often times that process is referred to as risk management.  At its core, the management of “life” risks is often divided into the following: dying too soon, becoming disabled, living too long, or not having enough assets. The foundational product that has been developed to meet the risk of dying too soon is life insurance. Read more. Read More

Is Your Business Ready for Year-End Tax Planning?

  |  December 11, 2017

Year-end tax planning is critical to capitalize on the many tax-saving opportunities that may be available for your business. Whether you have a standard corporation, sole proprietorship, partnership, limited liability company, or S corporation, we have outlined potential tax strategies you can take on the federal level to reduce your taxes in the coming year. To find out more, access our 2017 Year-End Tax Planning Guide for Businesses here. Read More

2017 Proposed Tax Reform Legislation – Explained

  |  December 11, 2017

On December 2, 2017, the Senate passed its version of the "Tax Cuts and Jobs Act." This proposed tax reform will be reconciled with the House of Representatives' bill, which passed several weeks earlier. The final bill may become law by the beginning of the new year, and it is poised to make radical changes to the current tax code. To get a better sense of what each bill contains, including their differences from each other and the potential impact they could have on individual and business tax planning, view our guide here. Read More

Tax Planning for 2018: 5 Arizona Individual Tax Credits to Know

  |  December 4, 2017

The State of Arizona has a variety of tax credit options which allow you to direct your tax dollars to a qualified charitable organization or school. The donation will also qualify for a federal charitable contribution deductible on Schedule A of an individual return in the year it is paid. To find out more about these credits, as well as view additional resources and information about our tax services, click here. Read More