The IRS has released guidance related to the postponement of certain tax payments as relief to taxpayers during the COVID-19 outbreak. This measure provides one of the first of what will likely be several measures to improve the liquidity of businesses and individuals. While taxpayers still...
More than ever, it is important for individuals and businesses to enter into detailed tax planning. Due to the complexity of the tax law, the details are often left to the tax advisor, but having a basic understanding of how the new tax reform may...
Most businesses and not-for-profits for whom we provide audit services have leasing arrangements that go beyond 12-month terms. They are entered into for things like office space, equipment and other operating assets for which the lessee never intends to gain ownership. In the past, these...
For a public institution co-founded by a teacher, such results create a high level of optimism for the future of public education as well as the welfare of teachers. Strong performance leads to better recruitment of a diverse student population, which in turn helps the...
Schmidt Westergard, a leading independent Mesa CPA firm, announced the recent promotion of Kelly M. White, JD, LLM, to Partner. White joined Schmidt Westergard in 2007. Throughout her career at the firm, she has lent her tax knowledge and experience to countless clients, solving complex estate...
We were honored to take part in the National Kidney Foundation of Arizona’s (NKFAZ) annual gala, Dancing with the Stars Arizona. NKFAZ has been an exceptional client of Schmidt Westergard for many years. To ensure the integrity of the competition, we tabulated audience votes once...
Schmidt Westergard & Company, PLLC celebrates its 50th anniversary this year as a trusted and independent certified public accounting firm in Arizona. We are proud to recognize this milestone with a much larger team and a vision for continued growth. As part of our anniversary celebration,...
In the Tax Cuts and Jobs Act of 2017 (Tax Act), changes to business taxation are considerable and comprehensive. Because many of our clients are structured as pass-through entities and small businesses, we wanted to address several of the most significant changes for 2018 tax...
We are pleased to announce that Justin Connolly has been promoted to Audit Senior. Justin joined the firm in 2015 as an audit associate after earning his master’s in accounting from Idaho State University. The Arizona State Board of Accountancy awarded Justin his CPA licensure...