Page 22 – North Central News, September 2012 ADVERTISEMENT
North Central Survivors Sponsored by the Lieb Group and Title Management Agency of Arizona
Insurance firm and personal training center are familar sights on 7th Street Welcome to my third article for this monthly column, which honors North Central businesses that have been around for at least 20 years. I am a true believer in spending our money locally and we have some of the Valley's finest retailers as well as restaurants in our neck of the woods. If you know of any of our area businesses that have been around for at least 20 years, please email me at boblieb@aol.com. There is
absolutely no charge for me promoting your company because your SURVIVAL helps me to sell homes––clients move here because of you! This month I am proud to introduce Hester, Heitel & Associates and Major League Conditioning Centers. I appreciate Title Management co-sponsoring this monthly column with me.
Hester, Heitel nears 60 years
Major League loves the ‘hood!’
Hester, Heitel and Associates is located at 6122 N 7th St. in Phoenix. The firm relocated to its current office in 2004. The firm, founded by Lynn Hester in 1953, has a Commercial Lines Division, a Personal Lines Division and a Benefits Division. As an Independent Insurance Agency, Hester, Heitel and Associates writes all forms of insurance with many different companies. The current management team includes President Mark Hester, Senior Vice President John Heitel and Vice President John Hester. There currently are 20 total employees at the firm. Hester, Heitel and Associates recently has become a founder of United Valley of Arizona. This marketing group will combine its efforts with United Valley Insurance Services of California. The combined written premiums of the company exceeds $600 million, making the combined operations one of the top 25 Independent Insurance Agencies in the nation. Hester, Heitel and Associates celebrates 60 years of doing business in the Valley of the Sun in 2013. The company is proud to serve clients in the North Central Corridor, throughout the state, the southwest and the country and includes some international clients. The company is here to take care of your insurance needs. Hester, Heitel and Associates believes that professional personalized service has been the key to the company’s longevity and success. For more information, call 602-230-7726.
Bobby Lieb
Major League Conditioning Center’s one-on-one personal training center was founded in 1986 and has been at the corner of 7th Street and Rose Lane since 2001. Although Major League has clients who travel from all over the Valley for their 30-minute workouts, the center is conveniently located near you. Major League is a unique personal training center that offers 30-minute workouts that will get you twice the results in half of the time. The staff takes pride in treating you as an individual and can modify your workouts to accommodate your needs. All of Major League’s personal trainers are certified and/or have degrees in the exercise science field. The staff also will be happy to assist you with your nutrition, as Major League has a proven nutritional plan designed to fit everyone. Major League invites you to set an appointment to come in for a visit and a tour so you can get acquainted with the staff and, perhaps, discuss your fitness objectives. Major League’s name was inspired by owner and director Bill Ross’s background as strength and conditioning coach for the Kansas City Royals. Some of Major League’s clients are professional athletes but most are “just regular people” (averaging between 40-70 years) who enjoy the facility, the trainers and the results they get. Major League is located at 6210 N. 7th Street. For more information, visit www.30minuteworkout.com. Arrange a visit by calling 602-230-8581 or emailing bill.ross@30minuteworkout.com.
The Lieb Group Bobby Lieb, Associate Broker HomeSmart Elite Group 602-761-4646 (office) 602-376-1341 (mobile) boblieb@aol.com centralphx.com For all your escrow and title insurance needs, contact Kathy Zobel Assistant Vice President/ Branch Manager 5225 N. Central Ave. #103 Phoenix Arizona 85012 (602) 595-5545 • (602) 595-5404 (fax) kzobel@tmaaz.com • www.tmaaz.com
TAKING CARE OF BUSINESS MONEY MATTERS
Postpone taxes with exchange By Harvey Amwake, C.P.A.
The tax law provides a valuable taxsaving opportunity to business owners and real estate investors who want to sell property and acquire similar property at about the same time. This tax break is known as a like-kind or taxdeferred exchange. By following certain rules, you can postpone some or all of the tax that would otherwise be due when you sell property at a gain. A like-kind exchange simply involves swapping assets that are similar in nature. For example, you can trade an old business vehicle for a new one, or you can swap land for a strip mall. However, you can’t swap your vehicle for an apartment building because the properties are not similar. Certain types of assets don’t qualify for a tax-deferred exchange, including inventory, accounts receivable, stocks and bonds, and your personal residence. Typically, an equal swap is rare; some amount of cash or debt must change hands between two parties to complete an exchange. Cash or other dissimilar property received in an exchange may be taxable. It is not necessary for the exchange of properties to be simultaneous. However, in the case of such a “deferred” exchange, the replacement property must be specifically identified in writing within 45 days and must be received within 180 days (or by tax return due date, if earlier), after transfer of the exchange property. With a real estate exchange, it is unusual to find two parties whose properties are suitable to each other. This isn’t a problem because the rules allow for three-party exchanges. Threeparty exchanges require the use of an intermediary. The intermediary coordinates the paperwork and holds your sale proceeds until you find a replacement property. Then he forwards the money to your closing agent to complete the exchange. When done properly, exchanges let you trade up in value without owing tax on a sale. There’s no limit on the number of times you can exchange property. If
you would like to learn more about taxdeferred exchanges, talk to your financial adviser or contact our office. This article is for general information only and does not constitute financial advice. If you have any questions about financial matters, consult a professional tax adviser. Harvey Amwake, CPA, is a tax and small business consultant with the accounting firm of Arthur Spoon & Company, Ltd., at 1130 E. Missouri Ave., Suite 820. He can be reached at 602-264-6500 or by e-mail at Harvey@ArthurSpoon.com.
Business Briefs ‘Happy hours’ at Pearls vintage Pearls Vintage/Retro Resale Shop, which recently opened at 4540 N. 7th St., is offering a themed “retail therapy happy hour” Monday-Thursday from 4 to 7 p.m. this month. During the “happy hour,” there will be 30 percent off the regular prices of each day’s special items. The “themes” are shoes on Monday, knick-knacks on Tuesday, clothing on Wednesday, and jewelry on Thursday. For more information, call 602466-2720.
Skin care salon adds massage therapist Mary Filippinetti, licensed aesthetician and owner of Skin Bliss located at 6317 N. 7th St., has announced a recent addition to her staff––Kari Ward, LMT. Ward has lived and worked in central Phoenix for 18 years. Ward’s deep-tissue massages, great prices and friendly demeanor have attracted many long-term clients. This month, Filippinetti and Ward are offering a deep tissue massage and a microdermabrasion facial for only $135 (regularly $170). “I feel so fortunate to live and own a business in central Phoenix,” says Filippinetti, who has been in the skin care business for the past 10 years. “The people here are friendly and easy to work with.” Skin Bliss offers a variety of advanced skin care treatments tailored to each client’s specific needs. In addition to facials, microdermabrasion and LED therapy, Filippinetti offers dermaplaning, waxing, chemical peels and a full line of professional skin care products. For more information or to make an appointment, call Skin Bliss at 602266-0666.
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North Central News, September 2012 – Page 23 ADVERTISEMENT
TAKING CARE OF BUSINESS
Mather, Corporate Relations manager for Allstate Insurance Company in Arizona. “This is just one of the many donations Allstate provides to the local communities in which we do business. Our Helping Hands committee consists of office volunteers who are passionate about furthering Allstate’s Corporate Social Responsibility mission.”
Long-term Planning for Families with a Special Needs Child Parents or grandparents of a special needs child (such as autism, cerebral palsy, Downs Syndrome or mental impairment) understand the important role they play caring for their children. Planning for the time when you will no longer be able to care for your special needs child is crucial for ensuring their long-term care. Proper estate planning is imperative, in these instances, in order to enhance your child’s quality of life, while not endangering his or her eligibility for government benefits.
Five join LPC thanks to contracts
Servando Rojas, a product consultant in Allstate Insurance Company’s Product Management Department, stands amidst a large donation of office supplies the company recently gave to local nonprofit Treasurers 4 Teachers (submitted photo).
Allstate donates to teacher organization On average, every year teachers in America spend $500 to $1,200 out of their own salaries on school supplies for their students. Allstate Insurance Company recently donated a large quantity of surplus office supplies and equipment to help Arizona teachers start the new school year off right. As part of an annual Back-toSchool Drive, Allstate’s Southwest regional office, located at 5343 N. 16th St., last month donated thousands of materials to Treasures 4 Teachers. Treasures 4 Teachers, a local nonprofit organization, has a mission “to promote earth-friendly education and ensure that students and classrooms across Arizona have the tools for learning by transferring the community’s surplus materials into the hands of educators and students, regardless of economic status.” More than 70 boxes of materials were loaded into a delivery truck on Aug. 15. These items were thanks to the generosity of Allstate employees and a recent regional office clean out. “Businesses have huge amounts of unwanted and surplus supplies that often end up in a landfill that teachers could desperately use,” says Kari
The Desert West Region office of Lincoln Property Company, a full-service real estate firm, announced the expansion of its property management division with five new staff members. Recently joining LPC are Mark Stromgren, general manager; Theo Ott, property administrator; Chuck Lhotka, chief engineer; Jim Hickenbottom, building engineer; and Val Grafitti, building engineer. These new staff members joined LPC with the award of the 470,000-square-foot property management contracts for two State of Arizona capitol mall office buildings: The Arizona Department of Environmental Quality (ADEQ) and Arizona Department of Administration (ADOA). The Desert West Region office of LPC is located at 2355 E. Camelback Road, Ste. 510. For more information, call 602-912-8888 or visit www.lpc.com.
Resale shop carries eco-friendly paint Furniture Affair now offers a new paint line designed with the lazy DIY decorator in mind. CeCe Caldwell Chalk Paints have arrived at the store, located at 15602 N. 7th St. These paints fall into the “paint made easy” category—no stripping, sanding or priming necessary, just clean your surface and start painting. They are eco-friendly, mineral-based paints made up of chalk and clay in a water base, containing no volatile organic compounds. These paints are nontoxic and have no odor, with no acrylic co-polymers, solvents, formaldehyde, ammonia, ethylene glycol or toxic heavy metals. The paint is packaged in a recycled plastic container. The paints currently are offered in 21 different colors with an additional 13 colors being added soon to the color palette. Furniture Affair, testing the new chalk paints, created a beautiful please see PAINT on page 24
By: Hillary P. Gagnon
Partner 602.234.7844 hpg@jhc-law.com
Proper Planning with a Special Needs Trust
Any inheritance such as investments, life insurance benefits, retirement accounts, and real and personal property, left outright to your special needs child at your death, may disqualify your child from much needed government benefits, particularly Medicaid. With proper planning and the use of a Special Needs Trust, you can preserve your money, assets, and life insurance proceeds to be used for the benefit of your child, while maintaining their eligibility for government benefit programs. With a Special Needs Trust, you appoint a person or financial institution to act as Trustee of the Special Needs Trust to manage your assets for the benefit of your child at your death. Benefits of a Special Needs Trust Although there are certain restrictions on the use of the funds in order to maintain eligibility for government benefits, the Trustee can generally use your money and assets left in the Special Needs Trust to provide your child with the extras that government benefits do not cover. Things such as uncovered therapy, medical, dental and mental health expenses, travel, entertainment, books, computers and other digital devices, electronics, cable TV, internet service, transportation and hobbies - those extras that will greatly enhance your child’s quality of life when you are not here to provide them yourself. Special Needs Trusts must be carefully drafted. If you have a special needs child, the estate planning and probate attorneys at Jennings, Haug & Cunningham are available to discuss the benefits and requirements of a Special Needs Trust and to determine if a Special Needs Trust is right for you and your child. About the author: Hillary P. Gagnon is a partner with Jennings, Haug & Cunningham, LLP. Her law practice is focused in estate planning and probate law where she assists clients with developing and preparing a personalized estate plan appropriate for their individual and family needs and also assists families and individuals with guardianshipes, conservatorships and post death administration of trusts and estates in both contested and uncontested matters. The information provided in this article is offered for informational purposes and does not offer legal advice to readers about specific situations. You should consult an attorney for advice regarding your individual situation.
www.JHC-LAW.com 2800 N. Central Ave
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Suite 1800
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Phoenix, AZ 85004
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602.234.7800
New North Central Colonial Ranch Mini Estate
www.northcentralnews.net
Page 24 – North Central News, September 2012
145 W. Glendale Avenue
Act quickly to customize your own interior! You can add a sports court, pool and guest house, too!
The sky’s the limit !
1.1 acres • 5 bedrooms • 5.5 baths Approximately 5,000 SF 2,000 SF garage with front & rear drive-through doors & RV parking Enter and exit from 3rd Avenue
TAKING CARE OF BUSINESS
PAINT continued from page 23
new makeover for a chair that could only be described as “old, ugly, readyto-go chair” and gave new life to this fabulous find. Whether you are a lazy painter, a mad re-decorator or just have fun with do it yourself projects, this is the paint line that you have to try. For more information, call 602-863-9955 or visit http://furnitureaffair.com/.
Workshop series begins Sept. 8 The Greater Phoenix SCORE, along with the North Mountain Business Corridor Alliance (NMBCA), present a series of four seminars to help grow and strengthen locally owned businesses. The first in the “Simple Steps” series is set for 9:30 a.m. to 12:30 p.m. Saturday, Sept. 8; all four programs take place at the SSC Boring Building, 1951 W. North Lane. This seminar is designed for those who want the inside scoop about what is going on in today’s marketplace when you are
For more information call Mark Otten at
602-861-3300
looking to start a new business. This program is free. The second seminar takes place 2-5 p.m. Thursday, Sept. 13. Titled “How the Right Information Can Make You A Lot Of Money,” the second step of the series will help you identify your target markets, describe your products and services and collect competitive information to support your feasibility plan. Cost is $25. “Get More Customers With a Great Marketing Strategy” will take place 2-5 p.m. Thursday, Sept. 20. Fee is $25. Learn how to outline a marketing strategy, test your marketing message, choose the right sales channel and exercise your marketing strategy. The series wraps up 2-5 p.m. Thursday, Sept. 27, with “Making Your Business Profitable!” The program will help you better understand financial concepts. You will learn how to use a financial model to forecast sales and revenues and build solid pro-forma financial forecasts. Cost is $25. To RSVP or for more information, call 602-745-7250 or e-mail margaret.randle@scorephoenix.org.
OFFICE SUITES AVAILABLE FOR LEASE ±605 SF to ±20,000 SF
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Exclusively Represented By: NATE GOLDFARB Associate 602.735.1791 nate.goldfarb@cbre.com
BETHANY HOME ROAD CENTRAL AVENUE
» Agressive rates, move-in incentives, and turnkey suites » Newly renovated Garden–style office building with Santa Fe Architecture » Renovations include new landscaping, monument sign, directory signs, exterior painting and fresh asphalt » Centrally located with close access to SR -51, Camelback Corridor & Downtown » Spec Suites available; suites available from ±605 SF to ±20,000 SF » Strong ownership & professionally managed by CBRE » Monument signage available
JERRY NOBLE First Vice President 602.735.5675 jerry.noble@cbre.com
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North Central News, September 2012 – Page 25
TAKING CARE OF BUSINESS
Cross offers advice to businesses, lenders A Phoenix lawyer with three decades of experience in corporate restructuring has left the practice of law and decided to focus on opening a consulting firm to assist troubled businesses and pursue strategic options to avoid the courts when possible. North Central Phoenix resident Jim Cross recently launched Cross Business Consulting Services, LLC (Cross BCS) to provide cost-effective advice to businesses and lenders in turnaround management, receivership, bankruptcy trustee/examiner, loan modifications, profitability analysis and other areas related to business restructuring. He is joined in the new venture by his son, Ryan Cross, a graduating senior of the W.P. Carey School of Business at Arizona State University. “I watched what went on during the last few years as the economy tanked, and there was really no one providing business leaders and their management teams with strategic options once they got into trouble,” Cross said. “I saw a real gap in service
to this segment of the market.” Cross also emphasized that his services are geared to providing advice to both creditors and debtors. Prior to starting the business, Cross was the leader of the bankruptcy practice group at the Phoenix law firm Osborn Maledon, P.A., focusing on troubled debt, corporate insolvency and loan restructuring. Cross decided to leave the practice of Jim Cross law earlier this year in order to work with businesses before they become mired in the legal process. However, his firm also provides the services necessary to assist clients should a bankruptcy occur. More information is available at www.crossbcs.com.
For your local advertising needs, call North Central News at 602-277-2742 or visit www.northcentralnews.net
Assisted Living and Memory Care apartments featuring:
WHERE CREATING FAMILY MEMORIES is an ENDURING TRADITION. For more than 110 years, the Phoenix Country Club has been a tradition for families seeking the very best in outdoor sports and a variety of dining and social experiences. In every way, it is a breathtaking refuge from the everyday, where golf and the good life have been enjoyed for generations. Phoenix Country Club is a private club and membership is accepted through sponsorship by current members. Please contact Colette Bunch to inquire about introductions and the membership committee process. MEMBERSHIPS AVAILABLE NOW.
Colette Bunch 602.636.9823 or cbunch@phoenixcc.org for more information: phoenixcc.org/request
Join us Thursday, September 13, at 6 p.m. for music, dance and a comedy show during our Avista Cabaret!
PHOENIX COUNTRY CLUB SEVENTH STREET & THOMAS ROAD