Category Archives: Press Releases

S & H Client Wins SBA Small Business Persons of the Year!

SBA Awards Arizona Entrepreneurs as 2019 Small Business Persons of the Year

WASHINGTON – Today, the U.S. Small Business Administration recognized and awarded this year’s Small Business Person of the Year, Jennifer Herbert (CEO) and Jeff Herbert (CSO) of Superstition Meadery, LLC from Arizona, during the 2019 National Small Business Week ceremony in Washington, D.C.

“It is my honor to announce that Jennifer and Jeff Herbert of Superstition Meadery, LLC from Arizona are this year’s national Small Business Persons of the Year,” said Acting SBA Administrator Chris Pilkerton. “Thanks to SBA financial and counseling assistance, this outstanding firm successfully grew their business, increasing their revenue by more than 160% between 2015 and 2017, expanded their staff from nine to 20 employees and extended their reach into international markets. Jennifer and Jeff truly represent the best of our nation’s small businesses.”

Superstition Meadery, based in Prescott, Arizona, has been producing unique meads and cider since 2012.  Jeff Herbert got his first taste of the possibilities of creating new flavors of Mead, an alcoholic beverage made by fermenting honey, after taking a brewery course at Chicago’s Seibel Institute. Jeff and Jennifer founded Superstition Meadery in 2012, and that year they produced 300 gallons of mead and cider in a 20 square-foot space. Fruit, herbs, spices and barrel aging are the basics of mead production, a beverage that has been enjoyed across cultures around the world going back 4,000 years.

“I am pleased to see how the SBA assisted Jennifer and Jeff to expand on their idea and grow their business in a unique market,” Pilkerton said. “Entrepreneurs’ skills and creativity not only support their own families, but they also make our neighborhoods and cities vibrant places to live and work. Small businesses fuel our overall economic strength, and the SBA is proud to help empower their success. Congratulations to Jennifer and Jeff, and to our other finalists!”  

As part of the 2019 National Small Business Week events in Washington, D.C., Acting SBA Administrator Pilkerton recognized and awarded all the state and territorial winners, as well as small business owners and industry leadersfor excellence in entrepreneurship, exporting, federal contracting, lending and disaster recovery.

In addition to the national Small Business Person of the Year, two runners-up were recognized:


UPDATE ON DOL OVERTIME RULES

Dear Clients,

 

There has been an important update on the new DOL Overtime Rules that were set to go into effect on December 1st. Yesterday a U.S. District Judge issued an injunction against the new rules. This means that the new overtime rules will not go into effect on December 1st. The injunction stops implementation or enforcement of the new  rules until further action is taken by the Department of Labor, most likely through appealing the ruling. At this point it is uncertain when, if ever, the new rules will go into effect.

 

We will keep you apprised of any new developments. Please check our website as well for any updates. Contact us if you have any questions about how this will affect your business.

 

Thank you,

Gidget and Adam

 

 

 

 

Schutte & Hilgendorf is a leading Prescott CPA firm, offering superior client service to individuals, small businesses, non-profit organizations, and homeowners associations.

Our services include accounting, bookkeeping, audit, review, tax return preparation, tax planning, payroll and QuickBooks consulting. We are located in Prescott and serve all of Yavapai County, and Northern Arizona.

Health Care Act Notification

Notification to clients regarding filing Forms 1094-C and 1095-C to Employees

These forms are part of the Employer-Provided Health Insurance rules under the ACA (Health Care Act).

They are now required to be filed by employers – including Non-Profit entities that employ 50 or more Full Time Equivalent (FTE) employees.

The 1095-C Form is a Transmittal form to each employee providing information on the health insurance coverage provided by the Employer. It should include the information of the amount of coverage, and the months of coverage for the year.

Employers that offer Employer-sponsored self-insured coverage also use these forms for their employees.

The 1094-C Form is a Transmittal form to IRS summarizing the individual Forms 1095-C (much like a 1096 Form).

These forms were optional for 2014, but are now REQUIRED for 2015. There is a penalty for not providing each employee with a form and for not submitting a copy with the 1094-C to the IRS. The fine is $250 for each 1095-C not provided to employees.

The deadline for providing employees with the Form 1095-C is February 29, 2016.

Form 1094-C
Form 1095-C
Instructions – forms 1094-C and 1095-C

This notification brought to you by Schutte & Hilgendorf, PLLC, CPA’s, a Prescott firm serving the greater Yavapai County, providing audit, accounting, bookkeeping, tax preparation and planning, QuickBooks accounting and setup to individuals, non-profits and businesses.

Contact us for a free initial consultation at (928) 778-0079.

2014 Arizona Minimum Wage Increase

The new Arizona hourly minimum wage, effective January 1, 2014, will be $7.90. This is a $0.10 increase over the 2013 rate. The federal minimum wage is $7.25, but Arizona employers are required to pay the higher Arizona rate to their employees.

This tip brought to you by Schutte & Hilgendorf, PLLC, CPA’s, a Prescott firm serving the greater Yavapai County, providing audit, accounting, bookkeeping, tax preparation and planning, QuickBooks accounting and setup to individuals and businesses.
Contact us for a free initial consultation at (928)778-0079.