Industry Outlook 2018: Hospitality & Restaurant

The 2018 Arizona CFO Spotlight Survey attracted respondents from a number of industries in Phoenix and Tucson. We will highlight the hospitality & restaurant segment here in terms of growth, risk factors, strengths and trends. Survey respondents in the hospitality and restaurant industry are among the smallest group of participants in the 2018 Survey; they[ … ]

The Fate of Vacation Rentals in Tucson with the onset of Commercial Taxation

Through the years, vacation rentals in many locations including Tucson have been popular for people who desire a private vacation experience or prefer a convenient short-term rental. However, developments in the last year brought what some considered a rather disturbing possibility to the forefront. Property Taxes During 2015, the Pima County Assessor reclassified hundreds of[ … ]

New Retail and Restaurant Remodel/Refresh Safe Harbor

The tangible property regulations have added increased complexity for many taxpayers. Although the new regulations are favorable to taxpayers in many instances, it can often be a headache to determine the correct treatment. In an effort to mitigate disputes regarding the deductibility and capitalization of remodel and refresh costs between the Internal Revenue Service (IRS)[ … ]