5505 W. Chandler Blvd. #18 Chandler, AZ 85226    |   Call (480) 785-1400

  • HOME
  • ABOUT
  • SERVICES
    • Business Tax Services
    • Personal Tax Services
    • Business Valuation Services
    • Tax, Accounting & Record Keeping Services
    • Management Advisory Services
    • Information Systems Services
Chandler CPA providing Tax Preparation and Accounting Services
  • FAQ
  • NEWS
  • CONTACT
  • HOME
  • ABOUT
  • SERVICES
    • Business Tax Services
    • Personal Tax Services
    • Business Valuation Services
    • Tax, Accounting & Record Keeping Services
    • Management Advisory Services
    • Information Systems Services
  • FAQ
  • NEWS
  • CONTACT

Income Tax Brackets for 2016

Income Tax Brackets

The income tax brackets are slightly more for 2016 due to inflation, though tax rates don’t change. Married Couples: If taxable income is not more than $18,550, the Tax (10%of taxable income) Over $18,550, but not more than $75,300 – $1,855.00 + 15% of excess over $18,550 Over $75,300, but not more than $151,900 – […]

Arizona Tax Credits for Clients

AZ Tax Credits

AZ Tax Credits for Clients There are a number of different Arizona credits available to taxpayers.  I will provide you with the form number, a description of the credit and the maximum amount of the credit.  I’m providing the form number so that you can use that when researching various organizations for credits.  They will […]

Health Insurance For S Corp Shareholders

health-insurance-s-corp-shareholders

For more-than-2% shareholders, a policy can be either in the name of the S corporation or in the name of the shareholder. You can either pay the premiums yourself or the S corporation can pay them and report the premium amounts on Form W-2 as wages to be included in your gross income. However, if […]

Business Expense Tax Deduction Checklist

Business Expense Tax Deduction Checklist

100% Deductible Business Meals Dinner for employee working overtime if work is necessary Lunch ordered in for staff meeting Employee recreation (picnics, holiday parties, etc.) primarily for the benefit of employees other than highly compensated employees Travel Expenses Transportation to/from restaurant for business meal Transportation and lodging expenses for a business trip Gifts to Clients […]

Changes to Child Care Credit in 2016

Child Care Tax Credit Arizona

Congress gave taxpayers good news when it permanently extended various expired tax provisions at the end of last year (Consolidated Appropriations Act, 2016 (the Act), P.L. 114-113). This permanency gives taxpayers and practitioners a better ability to plan for these tax breaks without the annual worry of wondering whether they will be extended and for […]

Accelerating Taxable Income and Postponing Deductions

Accelerate Taxable Income Postpone Deductions

If you are expecting a substantial increase in income or anticipate using a less favorable tax filing status in future years, accelerating income into the current year may be an appropriate strategy to lessen your tax bill next year. This can be accomplished by moving up planned retirement distributions (assuming the 10% penalty tax does not apply), selling gain generating […]

Postponing Taxable Income and Accelerating Deductions

Arizona Tax Accountant can help with Postponing Taxable Income

Typically, if you are expected to be in a lower tax bracket in future years, it generally makes sense to defer income into later years and accelerate deductions (prepay property taxes and state income taxes, make charitable deductions, or sell loss-generating assets) into the current year. This strategy can help move a taxpayer into a lower tax […]

Recent Posts

  • Income Tax Brackets for 2016
  • Arizona Tax Credits for Clients
  • Health Insurance For S Corp Shareholders
  • Business Expense Tax Deduction Checklist
  • Changes to Child Care Credit in 2016

Categories

  • Accountant Chandler AZ
  • Chandler CPA
  • Chandler CPA Firms
  • CPA Chandler Arizona
  • Tax Accountant, Chandler AZ
  • Tax News & Resources Blog
  • Tax Preparation Chandler AZ

Contact us today for help with your Taxes!

    captcha

    Consultation Rates:
    $100 for the first 30 min. $50 credit goes towards additional tax services.

    Recent Posts

    • Income Tax Brackets
      Income Tax Brackets for 2016
    • AZ Tax Credits
      Arizona Tax Credits for Clients
    • health-insurance-s-corp-shareholders
      Health Insurance For S Corp Shareholders

    Tax & Business Resources

    •   Download the "Professional Valuation Services" brochure here.

    •   Download Tax Organizer


    We are a proud member of The National Association of Certified Valuation Analysts (NACVA) www.nacva.com

    Tax & Business Links

    » Arizona Sales Tax Forms

    » Internal Revenue Service

    » Arizona Dept. of Revenue

    » Arizona Corp. Commission

    » IRS - Where's My Refund

    » Arizona Tax Refund Status

    Copyright ©2021, Butler & Miller C.P.A. - Chandler, Arizona. All Rights Reserved.