Category: Business

Fair Wages and Healthy Families Act

Fair Wages and Healthy Families Act

Proposition 206, passed by Arizona’s legislature in November of 2016, mandates new rules for the issuing and use of paid sick leave for all Arizona employees with the exception of Arizona and Federal government employees. The following points should be considered and implemented: Employees begin accruing sick leave on July 1, 2017, or on their […]

Loans to Your Small Business

Loans to Your Small Business things to consider when loaning small business money

Loans between owners and the small businesses they own (shareholders of corporations and members of LLC’s) are subject to special scrutiny. If the loans are not documented correctly, the IRS will treat them in ways that may result in unfavorable tax consequences. These loans must meet certain minimum standards that include: There must be a […]

Proper Operation of an LLC

Proper Operation of an LLC CPA Arizona operation of LLC

When the limited liability company first came into existence it was quickly adopted in the legal and financial world. This business entity offered several advantages over the other entities that were available at the time: C corporations, S Corporations, sole proprietorships, general partnerships and limited partnerships. An LLC offered the limited liability protection of a […]