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.