Recent Posts

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…

Industry Outlook 2019-2020: Manufacturing

cfosurv/circle-gears Levels of Optimism: High Key concerns for Arizona manufacturers are supply line disruptions, exchange rates and tariffs for exports. These concerns lead to modest predictions of 2-5 percent growth in 2019. Demand is heigh through 2020, however additional concerns over component obsolescence and retooling costs could require investments in alternative component approvals through…


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