Online Sales Will Soon Be Taxable In Arizona

Most online sales in Arizona will be subject to state sales taxes after the Legislature and governor approved a plan to require online retailers who do more than $200,000 in sales in Arizona to collect the tax. That threshold will go down in subsequent years. This comes after a ruling last year from the U.S. Supreme Court,[ … ]

Arizona Lawmakers Consider Expanding Coverage For Telemedicine Statewide

Arizona lawmakers have a medical dilemma trying to provide medical care in the nation’s fifth fastest growing state and a rapidly aging population. Right now, private insurance policies only provide some patients remote access to doctors for a limited number of services. A bill in the Arizona Legislature would expand coverage, requiring companies to insure[ … ]

Arizona Unemployment Rate Increases And Salary Growth Slows Compared To Rest Of U.S.

The state’s jobless rate ticked up a tenth of a point in December as companies shed employees. New figures from the Office of Economic Opportunity put the seasonally adjusted unemployment rate at 4.8 percent. That is the result, at least in part, of private sector employment dropping by about 1,900 jobs. And the new figure[ … ]

Benefits of Investing in Opportunity Zones, TCJA

The Opportunities Zones program enacted with the Tax Cuts and Job Act of 2017 offers three tax incentives for investing in certain low-income communities through a qualified Opportunity Fund: temporary deferral, step-up in basis, and permanent exclusion of capital gains. Under this provision, gain from the sale of any type of property that produces capital[ … ]

Arizona CFOs, Leaders Maintain Economic Optimism Across Industries

BeachFleischman PC 2018 Arizona CFO Spotlight Survey Highlights Three Ts: Talent, Tech & Taxes [March 2018, PHOENIX] Talent — getting enough quality talent and keeping it — is the primary economic and reputation concern of leaders participating in the third-annual Arizona CFO Spotlight Survey conducted by BeachFleischman PC. The hunt for talent edged out two-year[ … ]

Arizona House Moves To Permanently Bypass State Sales Tax On Digital Goods

As Arizonans gravitate toward more shopping online, GOP state lawmakers want to simplify the way consumers are taxed at the local level. The House voted Wednesday to forego ever collecting the 5.6 percent sale tax on digital products including online books, videos, cloud-based software, storage and web hosting services. Members voted 39-to-19 with bi-partisan support[ … ]

Growing Arizona Businesses Rely On H-2B Visas As Labor Needs Increase

The Phoenix economy is recovering, and more buildings are going up. Local nurseries are growing to meet their landscaping needs too, but have trouble getting labor to keep up with the demand. The federal government’s response is to bring more temporary visa workers for companies that can’t find Americans willing to do the work. Beneath[ … ]

Overlooking This Reporting Requirement Can Cost You Thousands – and May Include Jail Time!

Did you know that Arizona has Unclaimed Property laws? Failure to comply with the reporting requirements can result in penalties of 100% of the amount of assets held and additional penalties up to $5,000. In addition, if the state deems that you knowingly withheld the reports, it can prosecute for a fine of $1,000 plus[ … ]