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Tax Considerations for Anyone Separating or Divorcing
The legal separation or divorce of a person results in a change in their relationship status, which has an impact on their tax situation. Until they receive a definitive divorce decision or a court order for separate support, the IRS treats the...
Partners In Growth – 2022 Tax Season Outlook: What’s Next For The Build Back Better Act?
On Wednesday February 2nd we hosted our first partners in growth of 2022! If you missed it you can use the link below to access the video and presentation deck. The tax landscape has experienced constant and rapid change since 2017, and additional...
Tax Season Hack – Your IRS.gov Account
It's no secret this tax season is going to be messy- the IRS is starting the season off with a MAJOR backlog! There is a backlog of at least 10 million unprocessed returns from last year. By comparison, the IRS usually enters the tax-filing...
Understanding the Balance Sheet
Many people may have financial statements or a balance sheet in front of them, but they do not know what they should be looking for. The financial statements can be seen as a maze as there is so much information and people do not know where to...
Do’s and Don’ts working outsourced accountant
Small businesses move from an in-house accounting to an outsourced accountant team as a business matures. According to Clutch.co, 27% of small businesses outsource accounting within the first year of a new owner or management team. That percentage...
What drives business value?
As a CPA, I have always been intrigued by what drives business value a lot and some worth very little. How can two businesses appear to be equally profitable but the values are so different? I have invested my entire career toward...
MANAGING BURNOUT IN A PANDEMIC ERA
The last 18 months or so have brought a whole new level of intensity to the word burnout. Burnout as defined by Merriam-Webster is the “exhaustion of physical or emotional strength or motivation usually as a result of prolonged stress or...
Market Volatility
Have you ever listened to the news, or someone advising you to buy or sell an asset based on current market conditions? Reacting irrationally to major news or disruptions in the economy can create volatility that can have a significant impact on...
Temporary 100% Deduction for Restaurant Meals
The Taxpayer Certainty and Disaster Tax Relief Act of 2020 temporarily increased the deduction of business meals from 50 percent to 100 percent for 2021 and 2022. This deduction applies to food and drink provided by restaurants. In this instance a...
Restaurant Revitalization Fund
On March 11th 2021 the American Rescue Plan Act created a $28.6 billion fund for restaurants called Restaurant Revitalization Fund (RRF). This fund is set to provide grants to restaurants and other eligible businesses by providing grants equal to...
2021 Employee Retention Credit
The Employee Retention Credit (ERC) has been updated for 2021 and is available to businesses whose 2021 1st and/or 2nd quarter sales are at least 20% lower than the same quarter in 2019. The Employee Retention Credit credit is filed on your...
Luggage of Love 2019
APEX CPAS & CONSULTANTS RAISE $24,398 IN FIFTH LUGGAGE OF LOVE CAMPAIGN FOR KANE COUNTY CHILDREN IN FOSTER CARE (St. Charles, IL) December 23, 2019 - In its fifth annual Luggage of Love fundraiser, supported by generous clients, employees, and...
Contact APEX
For more detailed Arizona tax payment instructions or support on your taxes, please reach out to our Tax Team or call us at 623.250.6544.
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