Good Morning and Happy Thanksgiving week! We are hard at work preparing for the coming year and tax season and wanted to share with you all what you can expect from us here at Phocus Accounting and Tax. Monthly/Quarterly Business Accounting and Advisory Clients For...
If you have a business formed as an LLC and have not yet updated your operating agreement, please read on for some very important information. The State of Arizona legislature passed new laws regarding the management of LLCs formed in the state. As of August 1, 2019,...
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The IRS has announced that the portal for opting out of the advanced payment system for 2021 child tax credits is now live. You must create an ID me account and verify your identity to do so. Please log on to:...
As we are rapidly approaching the extension deadlines, we wanted to remind you about our submission deadlines for timely completion of your income tax returns. For business returns, we must receive your information no later than Friday July 23, 2021 to guarantee on...
The IRS has started to mail out notification letters regarding the new provisions of the American Rescue Plan signed into law this past March. This legislation is providing for taxpayers to receive their newly enhanced child tax credits paid in advance on a monthly...
