SBDC of Coconino County launches Zoom information sessions for successfully applying for Disaster Loans. Mondays at 2 pm and Thursdays at 10 am. Contact them to join a meeting: sbdc@coconino.edu. These are loans up to $2,000,000 (3.75% over 30 years) to be used as operating capital during this pandemic crisis. You may also get your application started at https://disasterloan.sba.gov/ela/
I wish you good health and safety.
Category Archives: Finance
New Flagstaff Minimum Wage Requirements as of January 1, 2020.
Minimum wage will increase to $13 per hour for non-tipped employees.
There are also new forms required to comply with the wage requirements. All forms may be obtained from the City of Flagstaff’s website. They include an employer statement, an employee letter and a wage poster. There are also records retention requirements.
Our office offers payroll services to make sure your business is in compliance with state, local and federal payroll laws. Contact us today to inquire about our payroll and business services.
City of Flagstaff Sales Tax Rate Changes July 1st
On July 1st, 2019 the City of Flagstaff’s sales tax rate increases to 2.281%. Please make software and manual adjustments to accommodate this change so your customers will be charged the correct rate.
Combined with other state and county tax rates, the combined total tax rate will be:
Retail: 9.181%
BBB Retail: 11.181%
Contracting: 5.968%
For City of Flagstaff Sales Tax details and contact information:
City of Flagstaff Sales Tax Division
Flagstaff’s Minimum Wage Update
The Flagstaff City Council will meet on February 14th, 6:00 pm, for a special meeting to consider Proposition 414 options. This controversial, voter-approved minimum wage increase (staged increase to $15/hour) has created division in our Flagstaff community.
For a discussion of the options on the table, take a look at the AZ Daily Sun’s write-up January 15, 2017: http://azdailysun.com/news/local/govt-and-politics/three-groups-battle-over-new-flagstaff-minimum-wage/article_1537f5db-2163-5b24-b78f-c0137cfc8d49.html
If you have any questions regarding how this law might affect your business and payroll requirements, please call my Flagstaff CPA office at 928-774-0440.
Quickbooks Workshop for Business Owners
Though your business is established, you’re probably still finding that managing your books is a mystery and a nuisance. You’d like to spend more time managing day-to-day operations, visioning your future and developing business relationships. Though a they can be a nuisance, well organized books are vital for the health of your business. It’s important to keep your business on track for taxes and payroll, as well as maintaining your client and vendor base, understanding where you’re spending your money, and which clients are really driving your sales.
As a local CPA who supports small business owners, I’ve designed three Quickbooks ™ classes to help take the mystery out of computerized bookkeeping. I want Quickbooks ™ to work for you. I’ll teach you how to be more efficient in your bookkeeping, and to discover new ways to utilize information you’ve already input.
Class schedule *:
Beginning Quickbooks ™ Thursday, November 10, 2016 3-5PM
Intermediate Quickbooks ™ Thursday, November 17, 2016 3-5PM
Advanced Quickbooks ™ Thursday, December 1, 2016 3-5PM
Register now at www.bit.ly/GailLowe. *Seating is limited.
All classes will be held in my office:
Gail D. Lowe CPA PC
1600 W. University Ave, Suite 206
Flagstaff, Arizona 86001
Office: 928-774-0440
I want your business to be the healthiest it can be!