While Economic Clouds Gather, It’s Still Sunny in Phoenix

by Daniel Altman

Despite predictions of a mild recession, 2023 may be the first year since the start of the COVID-19 pandemic when the economy feels almost stable. Inflation is coming down, the labor market remains vibrant, and huge shifts in spending across sectors are looking like a thing of the past. Best of all, the coming trends play directly into the Phoenix area’s greatest … [More]

Strategizing around Volatile Interest Rates

by Ryan Frette

On Dec. 14, 2022, the Federal Open Market Committee (a committee within the Federal Reserve System) raised its target rate +50 basis points, making the new upper limit of the Fed Funds Rate to set at 4.5%. While the actual change in the target rate came in as expected, the still very hawkish stance from the Fed may have surprised some market participants due to the recent … [More]

How to Manage Business Finances in a High-Growth Market

by Brian Crisp

A growing market like Phoenix can present both a wide range of financial opportunities as well as challenges for business owners. Arizona holds more than 150 of the nation’s fastest-growing companies, according to the Inc. 5000 lineup, a list ranking business revenue growth over a three-year period, from 2018 to 2021. The listed businesses, mostly located in the Phoenix area, … [More]

Finance & Accounting: Strategies to Recession-Proof One’s Business

by Cristina Fumagalli and Caren M. Cacciatore

Despite some positive signs in the Arizona labor market, growth may slow in the next couple of years. Unemployment is low, prices on housing and consumer goods are high, and average consumers are cutting back on spending as their paychecks fall behind expenses. Given this, how might smart leaders prepare their businesses?  Keep Perspective  The economy works in cycles. A … [More]

Tumultuous Economy Challenges on Companies’ Consumer Relations

by Jonathan Shroyer

A potential worldwide recession may be on the horizon. Additionally, buyer priorities are changing in customer services and the overall customer experience. How will a tumultuous economic period such as this one impact the customer service industries as a whole? As we see the pandemic period ending and a potential worldwide recession on the horizon, we are starting to see … [More]

The Bankruptcy Alternative You’ve Likely Never Heard Of

by Steve O’Neill

There is a quicker, less expensive and more flexible alternative to a business bankruptcy and liquidation that most business owners have never heard of — the Assignment for the Benefit of Creditors, or ABC.  More than 13,000 businesses in the United States, including 210 businesses in Arizona, filed for bankruptcy between March 2021 and March 2022, many of which could have … [More]

Microloans Level the Playing Field

by Rhett Doolittle

The 5 C’s of Credit — character, capacity, capital, collateral and conditions — is an old term that outlines what business owners need to have established to secure financing and grow. The Census Bureau reports that 5.4 million businesses were formed in 2021. Many of these new businesses haven’t had enough time to establish the 5 C’s of credit and therefore may be at a loss as … [More]

Eye on Arizona’s Economy

by Don Garner

From inflation and Arizona’s local real estate market to the national energy scene and other global geopolitical issues, every day seems to bring new economic news to the forefront, but with little real-world context into how these developments will affect growth at the grassroots level.  Putting Issues into Context At Alliance Bank of Arizona’s most recent Economic Forum, … [More]

Successful Healthcare Real Estate Investment

by Trisha Talbot

Stock market uncertainty resulting from Russia’s war in Ukraine has many investors looking for options yielding better returns. Real estate has historically provided excellent profit, especially in recent years with apartments and industrial facilities, including distribution and data centers, in high demand to keep up with explosive growth in the Phoenix area. Because … [More]

Selling Your Business in 2022

by Brian Bond

Given the pandemic’s impact, more business owners will likely be selling their businesses in 2022 due to the uncertainty of the economy and tax increases. This year is a great time to sell a business due to high market demand and consumer spending.  As many business owners know, selling a business is no easy task. Many time-consuming steps go into selling a business. The … [More]

New Tax Rule Targets Businesses That Accept Payment through Apps 

by Marc Lamber

The IRS is now watching those who are self-employed, those who are independent contractors or, even those who just operate a side business, and use payment apps like Venmo, Paypal or Cashapp. Because of a new tax reporting regulation that took effect on January 1, 2022, most payment apps are now required to issue 1099-K’s to any businesses receiving more than a total of $600 in … [More]

Non-Traditional Lending Enters where Rejection Reigned 

by Rhett Doolittle

Half of U.S. small-business owners report facing significant hurdles brought on by the current supply chain disruptions. Couple that with a record number of new businesses being created this year (60% increase from 2020), it’s likely many will fail without access to funding that is typically bestowed only upon larger companies with established track records.  In response to … [More]

What Investors Should Know about Small, Minority-Owned Businesses 

by Paul Ford

Overlooking small and medium-sized businesses is costing corporate America millions of dollars in potential investments. That’s especially true for venture capital (VC) and private equity (PE) firms. The main reason these small and medium-sized businesses are being overlooked is they don’t want to be billion-dollar companies or investors don’t believe the business can become a … [More]

Avoid a Plunge into Bankruptcy

by D. Lamar Hawkins 

Although many businesses look forward to putting 2021 in their rearview mirrors, some economists suggest 2022 could be even worse, with inflation and supply chain delays causing a slowdown or perhaps even a recession.  Many struggling businesses try to navigate their financial difficulties alone, yet that can put them at greater risk. Making smart decisions now, including … [More]

Small Business Owners Can Maximize Their Retirement Plans

by Jacob Guttman

For many small to midsize business owners, retirement doesn’t seem realistic. In fact, new research by SCORE found that 34% of business owners don’t have a retirement savings plan and 40% aren’t confident they will be able to retire before the age of 65. How to save effectively before hitting a certain age often escapes a business owner’s mind, pushed aside by a focus on … [More]

Tax Tips in Prep for Next Season

by Phil Wuollet

Small businesses can be complicated entities so even those that have already filed their taxes for this year can start planning ahead for next year. In fact, it is important to start thinking about potential tax issues and benefits, whether preparing for next tax season or filing an extension for this year. Doing so will save a business money — and can save it from an unwanted … [More]

The Anticipated Tsunami of Commercial Bankruptcies Has Not Happened – Here’s Why

by Anthony Austin

Since March 2020, there has been a great deal of hand wringing over how businesses would weather the economic storm created by COVID-19. As the lockdowns dragged on longer than anyone expected, many speculated that the resulting economic chaos would produce a swath of defaults and bankruptcy filings. Now, more than a year removed from the initial lockdowns, are those … [More]

Businesses Benefit: The Work Opportunity Tax Credit

by Keith Norris Miller

The Work Opportunity Tax Credit (WOTC) is a federal tax credit available to employers who hire people in certain target demographics who often experience employment barriers. This includes people coming off public assistance from COVID-related layoffs. Business owners who hire individuals coming off long-term unemployment of 27 weeks are eligible for a $2,400 to $9,600 tax … [More]

In Business Dailies

Sign up for a complimentary year of In Business Dailies with a bonus Digital Subscription of In Business Magazine delivered to your inbox each month!

  • Get the day’s Top Stories
  • Relevant In-depth Articles
  • Daily Offers
  • Coming Events