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Aniles CPA

Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Aniles CPA, Accountant, 1437 N 1ST Street, SUITE 201, Phoenix, AZ.

11/09/2026

No 1099 in the mail doesn't mean no taxes. It means the paperwork habit just got more important.

Under the new rules, companies are no longer required to send Form 1099-NEC unless payments reach $2,000 in a year. Some of your clients will still send one. Plenty won't. Either way, the income is yours to report.

The trap works like this:

• You do the work, invoice goes out, payment arrives.
• January comes, no 1099 shows up.
• The income quietly never makes it onto the return.

That second scenario is how honest freelancers end up with IRS notices. Not from hiding anything, just from building records around forms instead of around reality.

The fix is simple and boring:

• Log every payment as it arrives: client, date, amount, method.
• Keep invoices and bank records, not memory. Records are the proof that stands up.
• Reconcile the total at year-end against what you'd expect, before tax season asks.

Aniles & Co helps Arizona freelancers and independent contractors set up record-keeping that survives reporting-rule changes, then plans around the income that's actually there. The threshold moved. The responsibility didn't.

Did the $2,000 threshold surprise you, or were you already tracking it all?

11/06/2026

The IRS just announced the 2027 federal tax brackets, and the numbers moved up again.

Seven rates, same as always. Higher thresholds, because inflation doesn't take a year off.

A few figures worth knowing from the announcement (Revenue Procedure 2026-35, published November 5):

• Standard deduction: $16,600 single, $33,200 joint, $24,925 head of household
• Child Tax Credit: up to $2,300 per qualifying child
• Section 179 expensing limit: $2,640,000 for eligible property placed in service in 2027
• Annual gift tax exclusion: $20,000

Two things the announcement doesn't change: your marginal rate only applies to your last dollars of income, not all of it, and a bracket alone can't tell you what you'll actually owe.

For business owners, the Section 179 bump matters if equipment purchases are anywhere in your 2027 plans. Timing, income and eligibility rules all shape what it's worth, which is a conversation for a projection, not a headline.

Our new blog walks through every bracket by filing status, the marginal versus effective rate distinction, and what Arizona owners should weigh before year-end.

Read it here: https://anilescpa.com/blog/irs-2027-federal-tax-brackets-arizona

Aniles & Co helps Arizona businesses and individuals plan around the full tax picture: projections, credits and estimated payments, not just the bracket you land in.

Curious where you'll land in 2027? The blog has every table.

11/06/2026

If you're making a big gift before December 31, the math behind that deduction just changed.

The new tax law rewrote the charitable giving rules for 2026, and both sides of the table, donors and the nonprofits who count on them, are still catching up.

What changed this year:

• Non-itemizers can now deduct up to $1,000 in cash gifts to public charities ($2,000 for joint filers). Donor-advised fund contributions don't qualify.
• Itemizers face a new 0.5% of AGI floor: only gifts beyond that line count.
• Top-bracket donors are capped at 35 cents of deduction value per dollar given.
• Corporations now take a 1% floor, with the familiar 10% ceiling still in place.

The planning responses worth knowing:

• Bunching: combining two or three years of giving into one year can clear the new floor and restore real deduction value.
• QCDs: IRA owners 70½ and older can give directly from their IRA, and those distributions sidestep both the floor and the cap.
• Timing: gifts must be completed by December 31, and this year the structure matters as much as the amount.

Aniles & Co works with Arizona donors and nonprofits on year-end giving strategy, from bunching and QCDs to the board-level planning conversations that follow. Documentation is the foundation: receipts, acknowledgments and records make every one of these moves stand up.

If you're planning a significant gift this December, the rules deserve a look first. Which side of the gift are you on this year: giving it or receiving it?

11/05/2026

You didn't hire anyone new this year. Somehow, the work still got done.

The AI angle got the credit. The honest version is a little quieter: the tools took over tasks nobody had time for, and the payroll line stayed flat.

What owners rarely stop to ask is the follow-up question. The tools were adopted. What did they actually change?

Three numbers worth knowing by year-end:

• Hours back. Pick one process the AI absorbed, invoicing, drafting, triage. Estimate the hours it returns weekly. If nobody can name them, the tool is a habit, not an investment.
• Where the hours went. Time saved drifts unless it's assigned. The value shows up when those hours land on growth work, not on absorbing the next fire.
• The comparison cost. What would this output have cost in salary or contractor fees a year ago? That gap is the real return, and it belongs on the books like any other number.

This is the difference between using AI and adopting it. Using it feels productive. Adopting it shows up in the numbers, in capacity you can point to, in a margin line that improved because a process changed.

Aniles & Co's advisory team works with Arizona founders to measure what new tools actually return, then folds that into the plan for the year ahead. The tools can do the work. The numbers decide whether to keep them.

If you adopted AI this year, what's the one task you'd hand back to a person tomorrow? Comment below, the answers are usually more honest than the dashboards.

11/04/2026

The $10,000 SALT cap is no longer the whole story. For 2026, the federal limit is temporarily higher, and for Phoenix business owners the planning question got more interesting.

What changed:

• The 2026 SALT limit is $40,400 for most filers ($20,200 married filing separately), up from $40,000 in 2025.
• It phases down once modified AGI passes $505,000 ($252,500 for MFS), but never falls below $10,000.
• The increase is temporary under current law: through 2029, then back to $10,000 in 2030.

Why the cap isn't the only decision: Arizona lets partnerships and S corporations elect the pass-through entity tax, paying state income tax at the entity level (Form 165 or 120S, 2.5% published rate). That entity-level payment may generally be deducted on the entity's federal return instead of flowing through as a personal Schedule A deduction, so it isn't subject to the individual SALT cap in the same way.

The election comes with mechanics worth respecting: owners must get advance notice and at least 60 days to opt out, estimated payment rules apply, and the Arizona credit is nonrefundable. And a payment made only for the deduction can create a cash-flow problem or land in a different tax year than expected.

Our new blog walks through the full picture: the federal figures, how personal SALT differs from business deductions, how to model Arizona's PTET before deciding, and a six-step year-end checklist for owners.

Read it here: https://anilescpa.com/blog/salt-deduction-cap-2026-phoenix-business-owners

Aniles & Co works with Phoenix businesses on proactive, year-round tax planning. Entity, income and ownership all change the answer, so the scenarios deserve a look before year-end.

Is PTET already part of your plan, or still on the "look into it" list?

11/04/2026

A bill signed into law in June quietly rewrote the Arizona R&D credit. If you claimed it last year, your 2025 return deserves a second look.

Two changes under HB 4168, effective for tax years beginning January 1, 2026:

• The refundable piece is gone. Smaller companies used to cash out 75% of their excess credits. Now excess credits carry forward instead of coming back as a refund.

• Arizona now conforms to the federal rule that lets research and experimental expenditures be fully expensed in the year incurred, rather than capitalized and spread over five years.

Here's the part worth acting on: because these rules apply to tax years starting in 2026, taxpayers who already filed 2025 returns touching R&E expenditures may want to consider an amended or superseded return. That is not a compliance problem. It is a timing opportunity with a shelf life.

If you are an Arizona founder, manufacturer, or software team that spends on research, the questions worth asking now:

• Did you claim the Arizona R&D credit on a 2025 return?
• Would the new expensing treatment change what you'd file today?
• What would your carried-forward credits be worth under the new structure?

Aniles & Co's tax team helps Arizona businesses navigate state credit changes, amended return questions and year-end planning. Record-keeping comes first: documentation of qualified research activity is what every one of these questions rests on.

Was HB 4168 on your radar, or did it arrive quietly? Worth a conversation either way.

11/03/2026

Lenders do not read your story first. They read your statements.

Every year, solid businesses lose financing momentum to a packet that raises more questions than it answers: numbers that don't reconcile, categories that shift year to year, projections with no connection to actual history.

The frustrating part is that the business behind the paperwork was often the stronger one.

If financing is anywhere in your 2027 plans, the packet is worth building early. What makes it lender-ready:

• Statements that tie out: bank, receivables and payables reconciled, not just summarized
• Two to three years presented consistently, with big swings explained before they're asked about
• Projections built from real operating data, with the assumptions stated plainly
• A clean, current picture, because a lender's first question is often simply "how recent is this?"

Aniles & Co's advisory team prepares financial presentations Arizona owners can hand over with confidence, whether the audience is a bank, an investor or a board.

Financing on the horizon? The statements should be ready before the meeting is.

11/02/2026

Somewhere between the launch and today, the AI tools stopped being experiments and started being expenses.

Nobody approved it. It just happened one $29 monthly charge at a time.

The pattern shows up on the P&L before anyone notices: a transcription tool nobody logs into, three chat subscriptions doing the same job, a pilot plan that quietly renewed at business pricing.

The fix is not canceling everything. It is knowing what each tool is actually earning.

A simple stack review:
• List every AI or software subscription with its monthly cost
• Ask the last time someone used it, and what it saved or made
• Keep what pays for itself, consolidate what overlaps, cut what only gets billed

Treat AI like any other investment on the books. It deserves the same question every other line item gets: what did you return this quarter?

Aniles & Co helps Arizona business owners see these patterns in the numbers and turn them into a plan, not a gut feeling.

When did you last audit your own stack?

11/01/2026

Nine out of ten donated dollars come from one in ten donors. If your year-end campaign treats everyone the same, you already know how that math feels.

This year's giving data tells a clear story: bequests jumped nearly 20% to $62 billion, the fastest-growing source of charitable giving, while everyday giving pulled back under everyday budget pressure.

The takeaway for nonprofit leaders is not "raise harder." It is "raise deeper."

Three moves to consider before December:

• Shift staff hours from volume appeals to the handful of donors who carry the budget
• Start legacy-giving conversations now: bequests are planned, not spontaneous
• Get the reporting ready: restricted gifts and bequest pledges need clean tracking before they arrive, not after

Retention math backs this up: the median gift from a retained donor is up about 20%. The donors who already said yes are the campaign.

Aniles & Co's nonprofit team helps Arizona organizations build the funding scenarios and clean financial reporting that make major-gift and legacy strategy credible to boards and donors alike.

Is your year-end plan aimed at the 10% or the 90%?

10/31/2026

Thinking about selling the business you built? Then the most important meeting of your exit may need to happen before December 31.

Founders plan the sale for years and the tax side for weeks. That order costs money.

For owners of qualifying C corp stock, the QSBS exclusion is one of the biggest planning opportunities of 2026: stock held the right way, for the right period, can significantly reduce the capital gains bill on a sale. But the timing decisions are not open-ended. Some of them close when the year does.

Three questions worth answering now, not in April:

• When did you acquire the stock, and how long has it been held?
• Does the company still meet the qualifying requirements it met on day one?
• If a sale is 12 to 24 months out, is the structure ready before year-end?

Opportunity Zone rules also change after December 31, 2026, so reinvestment plans deserve the same early look.

Aniles & Co's advisory team works with Arizona founders on exit timing, year-end tax planning and the structure questions that are much cheaper to answer early.

Are you sitting on stock you hope to sell someday? The window is worth a conversation.

Address

1437 N 1ST Street, SUITE 201
Phoenix, AZ
85004

Opening Hours

Monday	8:30am - 5pm
Tuesday	8:30am - 5pm
Wednesday	8:30am - 5pm
Thursday	8:30am - 5pm
Friday	8:30am - 5pm

Website

http://www.Anilescpa.com/

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