2020 Arizona Minimum Wage Increase

As of January 1, 2020 Arizona’s Minimum Wage became $12.00. Except for Flagstaff, which is higher at $13.00 per hour. Tip Credit Wage also went up one dollar. Flagstaff’s tip credit wage rose to $10.00 per hour. While the rest of Arizona increased to $9.00.   Minimum Wage Tip Credit Wage   2019 2020 2019 … Read more

New IRS Email Phishing Scam

Phishing

Another email IRS impersonation scam campaign is spreading across the nation. This new email phishing scam utilizes compromised websites and web addresses constructed to resemble IRS.gov. By infecting websites with malware, hackers might be able to gain control over your computer or covertly download software that tracks keystrokes, eventually divulging passwords to sensitive accounts, such … Read more

Teslas Being Stolen With Key Fob Sniffing Hack

Tesla

Thieves recently used traditional “key fob relay” attacks (affects all vehicles with key fobs, not just Teslas) to copy key fob signals and extend it to the vehicle in order to unlock and drive away. Secure Tesla with PIN to Drive In response to these recent attacks, Tesla began pushing updates with extra layers of … Read more

2019 Deadlines for 2018 Tax Year

The official deadline to file federal income taxes is March 15 for businesses and April 15 for personal and trusts. Should the tax deadline fall on a Saturday, Sunday, or legal holiday, the deadline becomes the following business day. Partnership income tax returns (IRS Form 1065): March 15, 2019 Extended deadline September 16, 2019 Fiscal … Read more

New Tax Reform Laws

With the new tax reform law in place, it has marked the largest overall changes to the IRS tax code we have seen in quite some time. Here are the more important elements that will be in effect 2018-2025 unless otherwise noted: Tax Rates: New tax rate structure with seven brackets: 10%, 12%, 22%, 24%, … Read more

Reconstructing Financial and Tax Records After a Natural Disaster

Reconstructing your financial records may be essential for tax purposes, getting federal assistance or insurance reimbursement after a natural disaster. Taxpayers often need certain records to prove their loss and value thereof. Accurately estimated losses may help more loan and grant money become available. There are simple steps that can help taxpayers who have lost … Read more

IRS YouTube Videos – Preparing for Disasters

IR-2017-145, Sept. 6, 2017 WASHINGTON — For September’s National Preparedness Month, the Internal Revenue Service is offering advice to taxpayers who may be affected by storms, fires, floods or other disasters. After the devastation of Hurricane Harvey and with Hurricane Irma threatening parts of the U.S. and Caribbean, the IRS reminds taxpayers that the agency … Read more

Follow SAT on Social Media

We have created the following social media accounts so you can start current on Sterling Accounting & Tax’s latest events and news. Facebook • Twitter • Google • LinkedIn