Interest rates remain the same for the fourth quarter of 2020 The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning Oct. 1, 2020. The rates will be: 3% for overpayments (2% in the case of a...
Accounting Industry Insights
Tax Tips 2020-115 & 2020-18 Estimated Payments and Interest Rates
Some taxpayers may need to make estimated tax payments Some taxpayers earn income not subject to withholding. For small business owners and self-employed people this can mean making quarterly estimated tax payments. Anyone in this situation should check their...
COVID Tax Tip 2020-111: Millions of taxpayers receive a tax refund interest payment
Millions of taxpayers receive a tax refund interest payment In mid-August interest payments were sent to nearly 14 million individual taxpayers. People who got these payments filed their 2019 federal income tax returns by the July 15 deadline and were owed refunds....
IRS Tax Tips: IR-2020-190 & 191
IRS provides tax relief for victims of California wildfires & Iowa Derecho; Oct. 15 deadline, other dates extended to Dec. 15 California: Victims of the California wildfires that began Aug. 14 now have until Dec. 15, 2020 to file various individual and...
IRS Tax Tip 2020-98: Here’s What Taxpayers Need to Know About the Home Office Deduction
IRS Tax Tip 2020-98, August 6, 2020 The home office deduction allows qualifying taxpayers to deduct certain home expenses on their tax return. With more people working from home than ever before, some taxpayers may be wondering if they can claim a home office...
IRS Announces Rollover Relief for RMDs Waived Under CARES Act
IR-2020-127, June 23, 2020 WASHINGTON — The Internal Revenue Service today announced that anyone who already took a required minimum distribution (RMD) in 2020 from certain retirement accounts now has the opportunity to roll those funds back into a retirement account...

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We specialize in audit, accounting and taxes for individuals, companies, non-profit entities, and homeowner's associations.
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We are part of the successor to a long established local accounting firm which has served its clients in Prescott for more than 35 years.
We service all of Yavapai County including Prescott, Prescott Valley, Dewey, Chino Valley, Verde Valley, Flagstaff and Sedona.