The Internal Revenue Service has just published Announcement 2023-3 which allows companies to repay Employee Retention Credit (“ERC”) funds that they received from the federal government based on a defective application. The Service is offering this program to mitigate the impact on businesses who were the victims of unscrupulous promoters of ERC applications. The limited … [More]
IRS Issues Standard Mileage Rates for 2024, Increases to 67 Cents a Mile
The Internal Revenue Service issued the 2024 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2024, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 67 cents per mile driven for business use, up 1.5 … [More]
Firm Hits 5-Year Milestone Providing Nonprofit Accounting in Phoenix
2023 marks 5 years of Your Part-Time Controller's building stronger nonprofits in Phoenix, Arizona! Since its establishment in 2018, the office has served nearly 150 clients in the Greater Phoenix area, with no intention of slowing down. In conjunction with the firm's growth on a national level, all regional offices plan to continue to expand and provide … [More]
Arizona Department of Revenue Launches Newly Updated Website
The Arizona Department of Revenue (ADOR) has launched a newly updated website to provide a better user experience for Arizona’s taxpayers. With a visually appealing look and added curated menus, the site is designed to allow taxpayers to locate the information or forms they need more quickly and easily. The website can be found at the same url of azdor.gov and we welcome … [More]
Indianapolis Tax Consulting Firm Expand to Phoenix
McGuire Sponsel, a specialty tax consulting firm with clients throughout the United States, announced today an investment in a new firm regional office located in Phoenix, Arizona. Firm leaders say the new office, which is be fully staffed with employees across all four firm practice lines, was a natural fit based on the firm’s growth and an opportunity to be a greater resource … [More]
Nonprofit Advisory Services Practice Launches in Arizona Market
FORVIS, a professional services firm providing assurance, tax, and advisory services, has expanded its nonprofit advisory services practice to the Arizona market with the addition of Pete Finley. Finley has more than 25 years of experience in tax, audit, and nonprofit executive leadership. Prior to joining the firm, Finley worked as chief operating officer for Make-A-Wish … [More]
Finance & Loan Navigator Program Teaches Key Skills to Nonprofit Leaders
The Alliance of Arizona Nonprofits + Arizona Grantmakers Forum has launched an innovative new program to help nonprofit leaders better understand and manage their organization’s finances, free of charge. The Finance & Loan Navigator program is available to help create a better understanding of both organizational nonprofit finances and the loan preparedness process. The … [More]
CPA Firm Expands to Include Wealth Management and Estate Planning through Merger
Dietrich & Associates CPAs, a traditional tax and accounting firm, has merged with Burnett Advisors to expand its offerings and meet clients’ growth and financial needs. The firm, now called Burnett Advisors, offers wealth management, estate planning, tax and accounting services. “Partnering with Burnett Advisors helps us provide more value to our clients with new … [More]
IRS Issues Standard Mileage Rates for 2023, Business Use Increases 3 Cents per Mile
The Internal Revenue Service today issued the 2023 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on January 1, 2023, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 65.5 cents per mile driven for business use, … [More]
Liability in Cyber Insurance
As the cyber insurance landscape evolves at a rapid pace, underwriter diligence has increased. Many insurance carriers have become more precise with their questions, especially those related to the implementation and utilization of multifactor authorization and related risk mitigation strategies. Improperly responding to application questions can jeopardize coverage in more … [More]