Arrington Accounting & Tax Services

Arrington Accounting & Tax Services Vote for us for Best In The Valley! https://www.phoenixmag.com/2025/03/31/best-of-the-valley-2025-readers-choice-ballot/ #//

We’re very pro Roth IRA, but we’re also pro understanding how they work (and if they’re right for you) before you open o...
04/30/2026

We’re very pro Roth IRA, but we’re also pro understanding how they work (and if they’re right for you) before you open one.

They can be a great tax planning tool, and we recommend them for our clients all the time, as long as they make sense!

You need to fully understand the income limits, contribution caps and withdrawal rules.

While Roth distributions can be tax-free, that only applies if you follow all the rules.

For our clients, we consider their current tax bracket, cash flow, whether they’ll need access to those funds and their long-term plans when we advise on retirement savings.

Planes, trains and automobiles (and a whole bunch of receipts you need to keep) if you traveled for work this spring ↓🧾 ...
04/29/2026

Planes, trains and automobiles (and a whole bunch of receipts you need to keep) if you traveled for work this spring ↓

🧾 Flights, train tickets, ride shares, or rental cars

🧾 Hotels, Airbnbs, Vrbos

🧾 Parking + tolls

🧾 Meals (while traveling)

🧾 Conference fees or tickets

🧾 Plane WiFi

Basically, when in doubt, save your receipts, and we’ll let you know which ones will help lower your tax bill.

PSA: Some business owners are leaving serious money on the table just based on how their business is structured! 🤑When y...
04/28/2026

PSA: Some business owners are leaving serious money on the table just based on how their business is structured! 🤑

When your business is set up as a single-member LLC, ALL of your income is subject to self-employment tax (which is 15.3% 😬).

Electing to be taxed as an S corporation splits your income into two buckets:

→ A reasonable salary (subject to payroll taxes)
→ Distributions (not subject to SE taxes)

Being able to move some of your income to distributions can mean thousands of dollars back in your pocket each year! 💸

But S corporations aren’t a magic tax hack for every business... they come with their own cons (like additional tax filings + payroll obligations)!

If you’re ready to have a convo about whether your business structure is optimized for taxes, let’s connect!

Balance sheets are almost always overlooked...Which is kind of a big deal because your balance sheet (let’s go with BS f...
04/27/2026

Balance sheets are almost always overlooked...

Which is kind of a big deal because your balance sheet (let’s go with BS for short) can hide a whole lotta BS if your books have errors.

Within the first five minutes of digging into a balance sheet, we can find problems like:

→ Cash balances that don’t match your bank statements
→ Missing sales tax liability accounts
→ Loan repayments that aren’t being properly recorded
→ Credit cards with negative balances

Most business owners live in their P&Ls, but you’re basically begging for trouble if you keep ignoring your balance sheet.

Let us tell you the story of the way this client’s best year EVER quickly became her worst tax season yet. 🙃She was a ne...
04/24/2026

Let us tell you the story of the way this client’s best year EVER quickly became her worst tax season yet. 🙃

She was a new business owner who was seeing bigger revenue months than she ever had and her business was scaling like crazy! 📈

But when she came to us last April, she hadn’t made any estimated tax payments (federal OR state). 🫣

No one ever told her that the IRS expects you to pay taxes on your money as you earn it, especially if you have owed them in the past. And on top of that, the state wants their estimated taxes too.

So instead of celebrating her best year ever, she was stuck writing two tax checks she hadn’t budgeted for...

Here’s what we did to make sure this NEVER happened to her again:

→ Calculated her safe harbor estimated tax payments (to prevent penalties in the future)

→ Set up reminders for every federal + state tax deadline

→ Did a mid-year tax review to adjust her quarterly payments when her income increased

This is what the proactive tax planning Arrington Accounting does for our clients looks like in real life.

One of the most frustrating things for business owners doing their own bookkeeping is when your bank feeds get all wonky...
04/23/2026

One of the most frustrating things for business owners doing their own bookkeeping is when your bank feeds get all wonky...

Like, what do you mean you have to manually enter all 100 transactions from last month?!🫠

But as the ones who work in Quickbooks on the daily, we’re kind of pros at getting bank feeds back online and syncing correctly!

Business Owners: If you extended your tax return this year because your bookkeeping wasn’t done, keep reading ↓You need ...
04/22/2026

Business Owners: If you extended your tax return this year because your bookkeeping wasn’t done, keep reading ↓

You need an *infallible* plan in place to get your bookkeeping caught up (and stay caught up).

This system can’t fall apart because you got too busy or took time off.

The system you NEED is an outsourced accountant. 🤭

Someone who’s going to keep your finances clean + organized even when the rest of your business might feel the exact opposite.

Hey, it’s us, the plan you NEED if you extended your tax return this year! 👋

Donate to a cause you believe in AND get a write-off?Sounds like a great deal for most taxpayers, but here are a few rea...
04/21/2026

Donate to a cause you believe in AND get a write-off?

Sounds like a great deal for most taxpayers, but here are a few reality checks:

In the past, you HAD to itemize your deductions in order to deduct your charitable contributions.

Starting in 2026, if you don’t itemize, you can deduct up to $1,000 ($2,000 MFJ) of cash contributions to qualifying organizations.

Which brings me to my next point: not all charitable contributions are deductible.

Donations to an individual?

While they may have been charitable in nature, you can’t deduct those.

And what about those tickets you bought for your favorite charity’s gala?

The tax-deductible portion is the amount that exceeds any value you got from the tickets (like dinner + drinks).

Deducting your charitable giving can get tricky fast, but we’re here to make sure you don’t mess it up!

HOT TAKE: Regardless of automation, we prefer to manually categorize each individual transaction that comes through all ...
04/20/2026

HOT TAKE: Regardless of automation, we prefer to manually categorize each individual transaction that comes through all of your business bank accounts. That’s only the bare minimum!

The real work comes in when we review + flag any odd, one-off transactions, the ones that don’t fit perfectly within an existing account or doesn’t match your normal spending patterns. (We’ve caught fraud this way!🕵️‍♀️)

It’s when we know that you DoorDashing Panda Express for $14 bucks to your house was probably an accidental personal expense, not a business lunch.

It’s also when we notice a new loan payment and request loan details to properly set up the liability in your books.

And it’s definitely when we catch that you started paying a new contractor last month, but we haven’t gotten a signed W-9 on file for them.

Having a real human who understands the nuances of businesses is sooo valuable, we’re here to help you truly understand the story your numbers are telling you.

In our personal record book, you can’t say you have squeaky clean bookkeeping if you don’t have:→ All of your transactio...
04/17/2026

In our personal record book, you can’t say you have squeaky clean bookkeeping if you don’t have:

→ All of your transactions entered + categorized (this means nothing should be showing up under your uncategorized expenses).

→ All bank + credit cards have been reconciled to their most recent statements. While you’re at it, reconcile any loan balances, too!

→ No negative balances on your balance sheet (unless you have a reallllly good reason for it).

If you already know your accounting is missing these marks, it’s time to hire a professional (hey, hi 🤭) to take over!

Oh boy, another tax question where the answer is “it depends!” 😉Your federal income tax payments are not deductible. Per...
04/16/2026

Oh boy, another tax question where the answer is “it depends!” 😉

Your federal income tax payments are not deductible. Period.

State and local taxes (like your state income or property taxes) can be deductible if you itemize your deductions (up to the SALT cap, ask your accountant about this). If you pay a lot of these and you’re a business owner, it may be worth asking your accountant about a PTET too!

If you’re self-employed, half of your SE tax is deductible as an adjustment to income.

If you own a business, certain taxes, like payroll, unemployment and business property taxes, may be deductible through your business.

Basically, even with such a simple question, there’s no such thing as a simple tax answer (aka why we have a job!). 🤷

We made it to Tax Day!! 🎉Fueled by coffee, sugar and pure willpower, cheers to another season wrapped (almost) 💼✨
04/15/2026

We made it to Tax Day!! 🎉
Fueled by coffee, sugar and pure willpower, cheers to another season wrapped (almost) 💼✨

Address

9220 W Union Hills Drive
Peoria, AZ
85382

Opening Hours

Monday 8:30am - 4pm
Tuesday 8:30am - 4pm
Wednesday 8:30am - 4pm
Thursday 8:30am - 4pm
Friday 8:30am - 2:30pm

Telephone

+16232172948

Website

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