480•839•4900   April 2017
 
Henry & Horne  
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Hobby vs business
 
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An activity deemed a hobby can carry an expensive effective tax rate. Any income you make must be included on your personal return and deductions for your expenses can be severely limited. Here's how to make sure your business isn't considered a hobby.
 
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Sales tax vs SALT
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You were diligent. You brought your documentation to your CPA of the sales tax you paid on your new car. Now, he says you can't deduct it. Does he know what he's talking about? You've read it's deductible. What's the real story? 
 
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IRA vs Roth IRA
 
When saving money for retirement and other life plans, you have a lot of options. Which raises the question which one is right for you? Individual retirement accounts are a great way to save money and offer many tax advantages.
 
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Our Team
Gives Back
 
Drexler, Pope, Waller, Stelzer, Bang participate in Stride for Sight
Ward, son volunteer with Tranquility Trail Animal Shelter
Bolt packs meals at Feed My Starving Children
Henry+Horne holds donation drive for military, veterans
 
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Tax Insights
 
My CPA says to file an extension. Should I?

 
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Government GPS
 
3 Tips to increase productivity in your daily routine
 
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Litigation + Valuation
 
Is the value of your business about to increase 12.5%?
 
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Audit + Accounting
 
Prevent expense reimbursement abuse
 
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Unless specifically stated otherwise, the written advice in this email or its attachments is not intended or written to be used for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code.
 
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Henry & Horne, LLP · 2055 E Warner Rd · Suite 101 · Tempe, AZ 85284 · USA