Landmark PLC, Certified Public Accountants is pleased to announce the firm is the recipient of the Arkansas Society of CPAs 2021 Public Service Award for Firms. This is the fourth time the firm has received the award. The Public Service Award for Firms recognizes firms that have distinguished themselves in their public service contributions to
The business use of websites is widespread. But surprisingly, the IRS hasn’t yet issued formal guidance on when website costs can be deducted.
Inflation is currently impacting many businesses, forcing them to quickly adapt to a changing economic climate. Whether grappling with the continuously rising costs of supplies or navigating the impact of rising interest rates, businesses have a slew of concerns about their bottom line. For most businesses, tax credits offer a way to combat the effects
[2023 UPDATE: The IRS has delayed the implementation of the reporting threshold. Read more about the delay here.] Over the past two decades, the way we exchange money has changed significantly. Long gone are the days when writing checks, initiating wire transfers and paying with cash transactions were the primary mechanisms for conducting financial activity.
Tax benefits that aren’t available to larger businesses may be available to your small business. Here are some examples of tax deductions for small businesses.
New guidelines from the Financial Accounting Standards Board (FASB) govern how gifts in kind must be reported and valued by nonprofit organizations that follow Generally Accepted Accounting Principles (GAAP). The changes are effective for interim periods within annual periods beginning after June 15, 2022, and annual periods beginning after June 15, 2021. Here is what
The “dividends-received deduction” is meant to reduce or get rid of an extra tax that a corporation has to pay when it gets dividends.
If you are considering buying or selling a business, it’s important to understand the tax implications.
Business owners are aware that the price of gas is historically high, which has made their vehicle costs soar. The average nationwide price of a gallon of unleaded regular gas on June 17 was $5, compared with $3.08 a year earlier, according to the AAA Gas Prices website. A gallon of diesel averaged $5.78 a
Environmental, social, and governance (ESG) criteria are becoming some of the more popular metrics for investors to predict the future success of companies they are considering for an investment. But how can your small business benefit from ESG practices? Essentially, ESG standards take into account the risks associated with companies that have undesirable environmental practices