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Industry Outlook 2019-2020: High-Tech

cfosurv/circle-computer-chip Levels of Optimism: Moderate Technology companies experienced slower growth in 2018, which was expected due to some local merger activity and a focus on research and development (R&D) to get new products ready for the market. Leaders are cautiously optimistic with expectations of 10-20 percent growth in a crowded and competitive environment. Technology…

The DOL announces final overtime rule impacting Arizona businesses

The U.S. Department of Labor (DOL) released a long-anticipated final ruling on September 24, 2019, which revises federal overtime regulations. Changes will be effective January 1, 2020, resulting in the eligibility of overtime pay for approximately 1.3 million workers. As many business owners may recall, a similar overtime regulation update was initiated by the Obama…

Industry Outlook 2019-2020: Hospitality & Restaurant

cfosurv/circle-counter-bell Levels of Optimism: Moderate The forecast for this industry is mixed due to rising costs in several areas, but an optimistic consumer base is still spending discretionary money on dining and travel. Local hospitality leaders anticipate a 5-10 percent growth rate, which is a little more optimistic compared to U.S. expectations for revenue…

Understanding and controlling the unemployment tax costs of your business

As an employer, you must pay federal unemployment (FUTA) tax on amounts up to $7,000 paid to each employee as wages during the calendar year. The rate of tax imposed is 6% but can be reduced by a credit (described below). Most employers end up paying an effective FUTA tax rate of 0.6%. An employer…


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