July 1 is the start of the Arizona State fiscal year which is why several changes are going into effect on that date. AZ Withholding Tax Change: On July 1, 2010 an employer must withhold Arizona state income tax according to the new A4s, which they should have obtained from all [...] Read more »
Last days to make a 2009 deductible donation for Haiti
A new law bolsters charitable donations made for recovery efforts in Haiti — donors can deduct gifts made before March 1, 2010 on their 2009 tax returns. Furthermore phone bills can be used as proof of donations made via text message. As always, small business services and taxation are our [...] Read more »
Changes to Arizona’s Tax Credit For The Working Poor in 2010
Last year the AZ Tax Credit For The Working Poor got better as the so called base period restriction was removed. This year, the Arizona Department of Revenue (AZ DOR) is tasked with making sure all the charities on the list for this credit meet the condition that 50% or [...] Read more »
Worker, Homeownership, and Business Assistance Act of 2009
After much debate and congressional gnashing of teeth, the long awaited unemployment extension act, entitled, the Worker, Homeownership, and Business Assistance Act of 2009, has been passed and signed into law as of November 6, 2009. It is happening none too soon for some unemployed workers – DOL statistics list [...] Read more »