Phoenix, AZ—The Arizona Department of Revenue would like to inform taxpayers of the tax year 2022 annual adjustments for Arizona standard deductions, new tax credits, and the reduced tax rate for small business income tax. Tax year 2022 adjustments generally are used...
Accounting Industry Insights
Issue Number: Tax Tip 2022-183: Good recordkeeping year-round helps taxpayers avoid tax time frustration
Wading through a pile of statements, receipts and other financial documents when it’s time to prepare a tax return can be frustrating for people who haven’t managed their records. By knowing what they need to keep and how long to keep it, people can develop a good...
Issue Number: IR-2022-203: Get Ready now to file your 2022 federal income tax return
Get Ready now to file your 2022 federal income tax return WASHINGTON — The Internal Revenue Service today encouraged taxpayers to take simple steps before the end of the year to make filing their 2022 federal tax return easier. With a little advance preparation, a...
Issue Number: Tax Tip 2022-178: Taxpayers should review the 401(k) and IRA limit increases for 2023
The amount individuals can contribute to their 401(k) plans in 2023 will increase to $22,500 -- up from $20,500 for 2022. The income ranges for determining eligibility to make deductible contributions to traditional IRAs, contribute to Roth IRAs, and claim the Saver's...
Issue Number: Tax Tip 2022-173: Everyone should know the facts about how the IRS communicates with taxpayers
Knowledge is a taxpayer’s first line of defense against scammers who pretend to be from the IRS with the goal of stealing personal information. Here are some facts about how the IRS communicates with taxpayers: The IRS doesn't normally initiate contact with taxpayers...
Important Announcement: Revisions to Arizona’s Unemployment Taxable Wage Base
On June 30, 2021, Governor Doug Ducey signed Senate Bill 1828 (link is external), which increased the maximum taxable wages from $7,000 to $8,000 for Unemployment Insurance (UI) compensation purposes, effective calendar year 2023. Senate Bill 1828 has already led...

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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.