July 22, 2021 8:00am – 9:40am Map & Directions 602-252-4144

Webcast: Arizona Income Tax Changes for 2021 - An Update Following the End of the Session

Online registrations are currently closed, please call (602) 324-6847 for additional registration options

Description

A number of changes are scheduled to take place in 2021 in the computation of Arizona income taxes. While there is some uncertainty remaining due to court challenges (Proposition 208) and a potential referendum (on the changes enacted at the end of the most recent Legislation), clients are still wanting information on what their tax situation will be for 2021. 

In this session we will look at those laws that have been enacted that take effect for the 2021 return (including the Arizona Small Business Income Tax), as well as the status of challenges to the various provisions and how to keep track of the status of those challenges to various provisions.

Location

ASCPA Live Online Webcast
Phoenix, AZ 85034-6617

Registration Time

7:30am

Fees

Member:
$75
Non-CPA Staff:
$101
Non-CPA Staff (100% club):
$75
Non-CPA Staff (sole proprietor):
$75
Non-Member:
$101
Webcast
Taxation
2

Objectives

 • Arizona Small Business Income Tax
      o Why should a client consider volunteering to pay this tax?
      o The requirements to properly elect to pay this tax
      o How is the tax computed?
• Proposition 208 - who is impacted and how it affects those clients
• Arizona conformity bill enacted just prior to April 15 - what it means for Arizona taxpayers
• The flat tax and the conditional nature of the phase-in process
• The cap at 4.5% of the combined marginal rate of the regular income tax and tax imposed by Proposition 208
• Tax credit changes enacted at the end of the session
• Other miscellaneous provisions that were part of the two year end bills
• Status of the challenge in the Arizona Supreme Court to Proposition 208
• Status of threatened referendums on the two end of sessions laws that enacted the income tax changes

 

Course Level

Update

Vendor

Kaplan Development Group More With This Vendor

Designed For

Tax, accounting, financial professionals.

Prerequisites

General tax knowledge.

Event Leaders

Zollars, Edward K.

Rating: 4.85


Edward K. Zollars, CPA, is in public practice in Phoenix, Arizona as a partner with the firm of Thomas, Zollars & Lynch, Ltd. He has been in practice for more than 35 years, specializing in tax issues for closely held businesses and individuals.

Zollars has been professionally involved with both tax and technology issues, combining the two disciplines in producing the Current Federal Tax Development Update Podcast and website, dealing with current tax issues. He has been a member of AICPA Tax Division Committees focusing on tax and technology issues and was the Tax Section’s representative on three occasions to the AICPA’s Top Ten Technologies project. He is also a member of the Phoenix Tax Workshop’s Advisory Committee and currently serves on the Tax Legislation Liaison Committee for the Arizona Society of CPAs. Zollars was selected as a Life Member by the Arizona Society of CPAs in May, 2010.

Along with writing, editing and presenting courses for Loscalzo Institute, Zollars has written articles published in Practical Tax Strategies and the Tax Adviser. He has been a frequent contributor to a number of professional tax discussion groups, and served as systems operator on the AICPA’s Accountants Forum in the mid-1990s.

He has spoken regularly on tax and technology topics since 1996, speaking before conferences sponsored by the AICPA and a number of state societies of CPAs.


More With Zollars, Edward K.

Highlights


 

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