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If you own a growing, unincorporated small business, you may be concerned about high self-employment tax bills. The SE tax is how Social Security and Medicare taxes are collected from self-employed individuals like you. Self-employment tax basics The maximum 15.3% self-employment tax rate hits the first $168,600 of your 2024 net SE income. The 15.3%

What are the rules for sales tax on construction labor and materials? Each state has their own laws when it comes to charging sales tax for construction services, including labor and materials. Proper sales tax compliance is incredibly important — otherwise, you could be facing steep fines. Let’s talk about how you can avoid those.

Are you looking to sell a business or investment property that has gained value? One way to avoid a hefty capital gains tax is through a like-kind exchange.

What are the like-kind exchange rules? We’ve got a breakdown of those below.

In the current business environment, many companies are finding it difficult — or prohibitively expensive — to secure the insurance coverage they need. One solution that may be worth exploring is to form or join a captive insurance company. Simply put, a captive insurance company is a licensed insurance company that’s owned and operated by

Business owners, this article is for you: the new FLSA Worker Classification Rule — effective March 11, 2024 — impacts how you classify workers as independent contractors vs. employees.

Landmark CPAs is pleased to announce the promotion of four professionals to the position of member: John Albritton, JD Brashear, Krista Ferguson and Michelle Lewis. John Albritton, Little Rock, has been with Landmark for almost two decades, specializing in bond arbitrage services and tax compliance services for tax exempt organizations and employee benefit plans. He

Are you buying a business that will have one or more co-owners? Or do you already own one fitting that description? If so, consider creating a buy-sell agreement. A well-drafted agreement can do these valuable things: Transform your business ownership interest into a more liquid asset, Prevent unwanted ownership changes, and Avoid hassles with the

In light of the Memorial Day weekend storms, straight-line winds and tornadoes that have affected our Northwest Arkansas communities, we wanted to provide some important information regarding IRS tax relief and the qualified disaster loss rules that may apply to you. IRS Postpones Certain Deadlines The IRS has announced that they will postpone certain tax

After experiencing a downturn in 2023, merger and acquisition activity in several sectors is rebounding in 2024. If you’re buying a business, you want the best results possible after taxes. You can potentially structure the purchase in two ways: Buy the assets of the business, or Buy the seller’s entity ownership interest if the target

It is common for partners to bear the costs associated with the business of the partnership. This is particularly true in service-based partnerships like architecture or law firms. For instance, partners in service partnerships may have expenses for entertaining clients in order to cultivate new relationships. They may also have expenses for transportation to attend

Although the economy has bounced back from the uncertainties of the COVID-19 years, it can still be rough going for nonprofit organizations. According to Independent Sector, 2022 saw a 10% drop in donors. If your organization is struggling, you may need to report this in your financial statements. A going-concern evaluation will lay the groundwork

Passed in 2022, the Inflation Reduction Act introduced or extended several clean energy tax credits. Included in this were electric vehicle tax credits. Since then, the IRS has established additional guidance. In this post, we’re covering what you need to know about electric vehicle tax credits in 2024.

If you own a growing, unincorporated small business, you may be concerned about high self-employment tax bills. The SE tax is how Social Security and Medicare taxes are collected from self-employed individuals like you. Self-employment tax basics The maximum 15.3% self-employment tax rate hits the first $168,600 of your 2024 net SE income. The 15.3%

What are the rules for sales tax on construction labor and materials? Each state has their own laws when it comes to charging sales tax for construction services, including labor and materials. Proper sales tax compliance is incredibly important — otherwise, you could be facing steep fines. Let’s talk about how you can avoid those.

Are you looking to sell a business or investment property that has gained value? One way to avoid a hefty capital gains tax is through a like-kind exchange.

What are the like-kind exchange rules? We’ve got a breakdown of those below.

In the current business environment, many companies are finding it difficult — or prohibitively expensive — to secure the insurance coverage they need. One solution that may be worth exploring is to form or join a captive insurance company. Simply put, a captive insurance company is a licensed insurance company that’s owned and operated by

Business owners, this article is for you: the new FLSA Worker Classification Rule — effective March 11, 2024 — impacts how you classify workers as independent contractors vs. employees.

Landmark CPAs is pleased to announce the promotion of four professionals to the position of member: John Albritton, JD Brashear, Krista Ferguson and Michelle Lewis. John Albritton, Little Rock, has been with Landmark for almost two decades, specializing in bond arbitrage services and tax compliance services for tax exempt organizations and employee benefit plans. He

Are you buying a business that will have one or more co-owners? Or do you already own one fitting that description? If so, consider creating a buy-sell agreement. A well-drafted agreement can do these valuable things: Transform your business ownership interest into a more liquid asset, Prevent unwanted ownership changes, and Avoid hassles with the

In light of the Memorial Day weekend storms, straight-line winds and tornadoes that have affected our Northwest Arkansas communities, we wanted to provide some important information regarding IRS tax relief and the qualified disaster loss rules that may apply to you. IRS Postpones Certain Deadlines The IRS has announced that they will postpone certain tax

After experiencing a downturn in 2023, merger and acquisition activity in several sectors is rebounding in 2024. If you’re buying a business, you want the best results possible after taxes. You can potentially structure the purchase in two ways: Buy the assets of the business, or Buy the seller’s entity ownership interest if the target

It is common for partners to bear the costs associated with the business of the partnership. This is particularly true in service-based partnerships like architecture or law firms. For instance, partners in service partnerships may have expenses for entertaining clients in order to cultivate new relationships. They may also have expenses for transportation to attend

Although the economy has bounced back from the uncertainties of the COVID-19 years, it can still be rough going for nonprofit organizations. According to Independent Sector, 2022 saw a 10% drop in donors. If your organization is struggling, you may need to report this in your financial statements. A going-concern evaluation will lay the groundwork

Passed in 2022, the Inflation Reduction Act introduced or extended several clean energy tax credits. Included in this were electric vehicle tax credits. Since then, the IRS has established additional guidance. In this post, we’re covering what you need to know about electric vehicle tax credits in 2024.

If you own a growing, unincorporated small business, you may be concerned about high self-employment tax bills. The SE tax is how Social Security and Medicare taxes are collected from self-employed individuals like you. Self-employment tax basics The maximum 15.3% self-employment tax rate hits the first $168,600 of your 2024 net SE income. The 15.3%

What are the rules for sales tax on construction labor and materials? Each state has their own laws when it comes to charging sales tax for construction services, including labor and materials. Proper sales tax compliance is incredibly important — otherwise, you could be facing steep fines. Let’s talk about how you can avoid those.

Are you looking to sell a business or investment property that has gained value? One way to avoid a hefty capital gains tax is through a like-kind exchange.

What are the like-kind exchange rules? We’ve got a breakdown of those below.

In the current business environment, many companies are finding it difficult — or prohibitively expensive — to secure the insurance coverage they need. One solution that may be worth exploring is to form or join a captive insurance company. Simply put, a captive insurance company is a licensed insurance company that’s owned and operated by

Business owners, this article is for you: the new FLSA Worker Classification Rule — effective March 11, 2024 — impacts how you classify workers as independent contractors vs. employees.

Landmark CPAs is pleased to announce the promotion of four professionals to the position of member: John Albritton, JD Brashear, Krista Ferguson and Michelle Lewis. John Albritton, Little Rock, has been with Landmark for almost two decades, specializing in bond arbitrage services and tax compliance services for tax exempt organizations and employee benefit plans. He

Are you buying a business that will have one or more co-owners? Or do you already own one fitting that description? If so, consider creating a buy-sell agreement. A well-drafted agreement can do these valuable things: Transform your business ownership interest into a more liquid asset, Prevent unwanted ownership changes, and Avoid hassles with the

In light of the Memorial Day weekend storms, straight-line winds and tornadoes that have affected our Northwest Arkansas communities, we wanted to provide some important information regarding IRS tax relief and the qualified disaster loss rules that may apply to you. IRS Postpones Certain Deadlines The IRS has announced that they will postpone certain tax

After experiencing a downturn in 2023, merger and acquisition activity in several sectors is rebounding in 2024. If you’re buying a business, you want the best results possible after taxes. You can potentially structure the purchase in two ways: Buy the assets of the business, or Buy the seller’s entity ownership interest if the target

It is common for partners to bear the costs associated with the business of the partnership. This is particularly true in service-based partnerships like architecture or law firms. For instance, partners in service partnerships may have expenses for entertaining clients in order to cultivate new relationships. They may also have expenses for transportation to attend

Although the economy has bounced back from the uncertainties of the COVID-19 years, it can still be rough going for nonprofit organizations. According to Independent Sector, 2022 saw a 10% drop in donors. If your organization is struggling, you may need to report this in your financial statements. A going-concern evaluation will lay the groundwork

Passed in 2022, the Inflation Reduction Act introduced or extended several clean energy tax credits. Included in this were electric vehicle tax credits. Since then, the IRS has established additional guidance. In this post, we’re covering what you need to know about electric vehicle tax credits in 2024.

If you own a growing, unincorporated small business, you may be concerned about high self-employment tax bills. The SE tax is how Social Security and Medicare taxes are collected from self-employed individuals like you. Self-employment tax basics The maximum 15.3% self-employment tax rate hits the first $168,600 of your 2024 net SE income. The 15.3%

What are the rules for sales tax on construction labor and materials? Each state has their own laws when it comes to charging sales tax for construction services, including labor and materials. Proper sales tax compliance is incredibly important — otherwise, you could be facing steep fines. Let’s talk about how you can avoid those.

Are you looking to sell a business or investment property that has gained value? One way to avoid a hefty capital gains tax is through a like-kind exchange.

What are the like-kind exchange rules? We’ve got a breakdown of those below.

In the current business environment, many companies are finding it difficult — or prohibitively expensive — to secure the insurance coverage they need. One solution that may be worth exploring is to form or join a captive insurance company. Simply put, a captive insurance company is a licensed insurance company that’s owned and operated by

Business owners, this article is for you: the new FLSA Worker Classification Rule — effective March 11, 2024 — impacts how you classify workers as independent contractors vs. employees.

Landmark CPAs is pleased to announce the promotion of four professionals to the position of member: John Albritton, JD Brashear, Krista Ferguson and Michelle Lewis. John Albritton, Little Rock, has been with Landmark for almost two decades, specializing in bond arbitrage services and tax compliance services for tax exempt organizations and employee benefit plans. He

Are you buying a business that will have one or more co-owners? Or do you already own one fitting that description? If so, consider creating a buy-sell agreement. A well-drafted agreement can do these valuable things: Transform your business ownership interest into a more liquid asset, Prevent unwanted ownership changes, and Avoid hassles with the

In light of the Memorial Day weekend storms, straight-line winds and tornadoes that have affected our Northwest Arkansas communities, we wanted to provide some important information regarding IRS tax relief and the qualified disaster loss rules that may apply to you. IRS Postpones Certain Deadlines The IRS has announced that they will postpone certain tax

After experiencing a downturn in 2023, merger and acquisition activity in several sectors is rebounding in 2024. If you’re buying a business, you want the best results possible after taxes. You can potentially structure the purchase in two ways: Buy the assets of the business, or Buy the seller’s entity ownership interest if the target

It is common for partners to bear the costs associated with the business of the partnership. This is particularly true in service-based partnerships like architecture or law firms. For instance, partners in service partnerships may have expenses for entertaining clients in order to cultivate new relationships. They may also have expenses for transportation to attend

Although the economy has bounced back from the uncertainties of the COVID-19 years, it can still be rough going for nonprofit organizations. According to Independent Sector, 2022 saw a 10% drop in donors. If your organization is struggling, you may need to report this in your financial statements. A going-concern evaluation will lay the groundwork

Passed in 2022, the Inflation Reduction Act introduced or extended several clean energy tax credits. Included in this were electric vehicle tax credits. Since then, the IRS has established additional guidance. In this post, we’re covering what you need to know about electric vehicle tax credits in 2024.

If you own a growing, unincorporated small business, you may be concerned about high self-employment tax bills. The SE tax is how Social Security and Medicare taxes are collected from self-employed individuals like you. Self-employment tax basics The maximum 15.3% self-employment tax rate hits the first $168,600 of your 2024 net SE income. The 15.3%

What are the rules for sales tax on construction labor and materials? Each state has their own laws when it comes to charging sales tax for construction services, including labor and materials. Proper sales tax compliance is incredibly important — otherwise, you could be facing steep fines. Let’s talk about how you can avoid those.

Are you looking to sell a business or investment property that has gained value? One way to avoid a hefty capital gains tax is through a like-kind exchange.

What are the like-kind exchange rules? We’ve got a breakdown of those below.

In the current business environment, many companies are finding it difficult — or prohibitively expensive — to secure the insurance coverage they need. One solution that may be worth exploring is to form or join a captive insurance company. Simply put, a captive insurance company is a licensed insurance company that’s owned and operated by

Business owners, this article is for you: the new FLSA Worker Classification Rule — effective March 11, 2024 — impacts how you classify workers as independent contractors vs. employees.

Landmark CPAs is pleased to announce the promotion of four professionals to the position of member: John Albritton, JD Brashear, Krista Ferguson and Michelle Lewis. John Albritton, Little Rock, has been with Landmark for almost two decades, specializing in bond arbitrage services and tax compliance services for tax exempt organizations and employee benefit plans. He

Are you buying a business that will have one or more co-owners? Or do you already own one fitting that description? If so, consider creating a buy-sell agreement. A well-drafted agreement can do these valuable things: Transform your business ownership interest into a more liquid asset, Prevent unwanted ownership changes, and Avoid hassles with the

In light of the Memorial Day weekend storms, straight-line winds and tornadoes that have affected our Northwest Arkansas communities, we wanted to provide some important information regarding IRS tax relief and the qualified disaster loss rules that may apply to you. IRS Postpones Certain Deadlines The IRS has announced that they will postpone certain tax

After experiencing a downturn in 2023, merger and acquisition activity in several sectors is rebounding in 2024. If you’re buying a business, you want the best results possible after taxes. You can potentially structure the purchase in two ways: Buy the assets of the business, or Buy the seller’s entity ownership interest if the target

It is common for partners to bear the costs associated with the business of the partnership. This is particularly true in service-based partnerships like architecture or law firms. For instance, partners in service partnerships may have expenses for entertaining clients in order to cultivate new relationships. They may also have expenses for transportation to attend

Although the economy has bounced back from the uncertainties of the COVID-19 years, it can still be rough going for nonprofit organizations. According to Independent Sector, 2022 saw a 10% drop in donors. If your organization is struggling, you may need to report this in your financial statements. A going-concern evaluation will lay the groundwork

Passed in 2022, the Inflation Reduction Act introduced or extended several clean energy tax credits. Included in this were electric vehicle tax credits. Since then, the IRS has established additional guidance. In this post, we’re covering what you need to know about electric vehicle tax credits in 2024.

If you own a growing, unincorporated small business, you may be concerned about high self-employment tax bills. The SE tax is how Social Security and Medicare taxes are collected from self-employed individuals like you. Self-employment tax basics The maximum 15.3% self-employment tax rate hits the first $168,600 of your 2024 net SE income. The 15.3%

What are the rules for sales tax on construction labor and materials? Each state has their own laws when it comes to charging sales tax for construction services, including labor and materials. Proper sales tax compliance is incredibly important — otherwise, you could be facing steep fines. Let’s talk about how you can avoid those.

Are you looking to sell a business or investment property that has gained value? One way to avoid a hefty capital gains tax is through a like-kind exchange.

What are the like-kind exchange rules? We’ve got a breakdown of those below.

In the current business environment, many companies are finding it difficult — or prohibitively expensive — to secure the insurance coverage they need. One solution that may be worth exploring is to form or join a captive insurance company. Simply put, a captive insurance company is a licensed insurance company that’s owned and operated by

Business owners, this article is for you: the new FLSA Worker Classification Rule — effective March 11, 2024 — impacts how you classify workers as independent contractors vs. employees.

Landmark CPAs is pleased to announce the promotion of four professionals to the position of member: John Albritton, JD Brashear, Krista Ferguson and Michelle Lewis. John Albritton, Little Rock, has been with Landmark for almost two decades, specializing in bond arbitrage services and tax compliance services for tax exempt organizations and employee benefit plans. He

Are you buying a business that will have one or more co-owners? Or do you already own one fitting that description? If so, consider creating a buy-sell agreement. A well-drafted agreement can do these valuable things: Transform your business ownership interest into a more liquid asset, Prevent unwanted ownership changes, and Avoid hassles with the

In light of the Memorial Day weekend storms, straight-line winds and tornadoes that have affected our Northwest Arkansas communities, we wanted to provide some important information regarding IRS tax relief and the qualified disaster loss rules that may apply to you. IRS Postpones Certain Deadlines The IRS has announced that they will postpone certain tax

After experiencing a downturn in 2023, merger and acquisition activity in several sectors is rebounding in 2024. If you’re buying a business, you want the best results possible after taxes. You can potentially structure the purchase in two ways: Buy the assets of the business, or Buy the seller’s entity ownership interest if the target

It is common for partners to bear the costs associated with the business of the partnership. This is particularly true in service-based partnerships like architecture or law firms. For instance, partners in service partnerships may have expenses for entertaining clients in order to cultivate new relationships. They may also have expenses for transportation to attend

Although the economy has bounced back from the uncertainties of the COVID-19 years, it can still be rough going for nonprofit organizations. According to Independent Sector, 2022 saw a 10% drop in donors. If your organization is struggling, you may need to report this in your financial statements. A going-concern evaluation will lay the groundwork

Passed in 2022, the Inflation Reduction Act introduced or extended several clean energy tax credits. Included in this were electric vehicle tax credits. Since then, the IRS has established additional guidance. In this post, we’re covering what you need to know about electric vehicle tax credits in 2024.

If you own a growing, unincorporated small business, you may be concerned about high self-employment tax bills. The SE tax is how Social Security and Medicare taxes are collected from self-employed individuals like you. Self-employment tax basics The maximum 15.3% self-employment tax rate hits the first $168,600 of your 2024 net SE income. The 15.3%

What are the rules for sales tax on construction labor and materials? Each state has their own laws when it comes to charging sales tax for construction services, including labor and materials. Proper sales tax compliance is incredibly important — otherwise, you could be facing steep fines. Let’s talk about how you can avoid those.

Are you looking to sell a business or investment property that has gained value? One way to avoid a hefty capital gains tax is through a like-kind exchange.

What are the like-kind exchange rules? We’ve got a breakdown of those below.

In the current business environment, many companies are finding it difficult — or prohibitively expensive — to secure the insurance coverage they need. One solution that may be worth exploring is to form or join a captive insurance company. Simply put, a captive insurance company is a licensed insurance company that’s owned and operated by

Business owners, this article is for you: the new FLSA Worker Classification Rule — effective March 11, 2024 — impacts how you classify workers as independent contractors vs. employees.

Landmark CPAs is pleased to announce the promotion of four professionals to the position of member: John Albritton, JD Brashear, Krista Ferguson and Michelle Lewis. John Albritton, Little Rock, has been with Landmark for almost two decades, specializing in bond arbitrage services and tax compliance services for tax exempt organizations and employee benefit plans. He

Are you buying a business that will have one or more co-owners? Or do you already own one fitting that description? If so, consider creating a buy-sell agreement. A well-drafted agreement can do these valuable things: Transform your business ownership interest into a more liquid asset, Prevent unwanted ownership changes, and Avoid hassles with the

In light of the Memorial Day weekend storms, straight-line winds and tornadoes that have affected our Northwest Arkansas communities, we wanted to provide some important information regarding IRS tax relief and the qualified disaster loss rules that may apply to you. IRS Postpones Certain Deadlines The IRS has announced that they will postpone certain tax

After experiencing a downturn in 2023, merger and acquisition activity in several sectors is rebounding in 2024. If you’re buying a business, you want the best results possible after taxes. You can potentially structure the purchase in two ways: Buy the assets of the business, or Buy the seller’s entity ownership interest if the target

It is common for partners to bear the costs associated with the business of the partnership. This is particularly true in service-based partnerships like architecture or law firms. For instance, partners in service partnerships may have expenses for entertaining clients in order to cultivate new relationships. They may also have expenses for transportation to attend

Although the economy has bounced back from the uncertainties of the COVID-19 years, it can still be rough going for nonprofit organizations. According to Independent Sector, 2022 saw a 10% drop in donors. If your organization is struggling, you may need to report this in your financial statements. A going-concern evaluation will lay the groundwork

Passed in 2022, the Inflation Reduction Act introduced or extended several clean energy tax credits. Included in this were electric vehicle tax credits. Since then, the IRS has established additional guidance. In this post, we’re covering what you need to know about electric vehicle tax credits in 2024.

If you own a growing, unincorporated small business, you may be concerned about high self-employment tax bills. The SE tax is how Social Security and Medicare taxes are collected from self-employed individuals like you. Self-employment tax basics The maximum 15.3% self-employment tax rate hits the first $168,600 of your 2024 net SE income. The 15.3%

What are the rules for sales tax on construction labor and materials? Each state has their own laws when it comes to charging sales tax for construction services, including labor and materials. Proper sales tax compliance is incredibly important — otherwise, you could be facing steep fines. Let’s talk about how you can avoid those.

Are you looking to sell a business or investment property that has gained value? One way to avoid a hefty capital gains tax is through a like-kind exchange.

What are the like-kind exchange rules? We’ve got a breakdown of those below.

In the current business environment, many companies are finding it difficult — or prohibitively expensive — to secure the insurance coverage they need. One solution that may be worth exploring is to form or join a captive insurance company. Simply put, a captive insurance company is a licensed insurance company that’s owned and operated by

Business owners, this article is for you: the new FLSA Worker Classification Rule — effective March 11, 2024 — impacts how you classify workers as independent contractors vs. employees.

Landmark CPAs is pleased to announce the promotion of four professionals to the position of member: John Albritton, JD Brashear, Krista Ferguson and Michelle Lewis. John Albritton, Little Rock, has been with Landmark for almost two decades, specializing in bond arbitrage services and tax compliance services for tax exempt organizations and employee benefit plans. He

Are you buying a business that will have one or more co-owners? Or do you already own one fitting that description? If so, consider creating a buy-sell agreement. A well-drafted agreement can do these valuable things: Transform your business ownership interest into a more liquid asset, Prevent unwanted ownership changes, and Avoid hassles with the

In light of the Memorial Day weekend storms, straight-line winds and tornadoes that have affected our Northwest Arkansas communities, we wanted to provide some important information regarding IRS tax relief and the qualified disaster loss rules that may apply to you. IRS Postpones Certain Deadlines The IRS has announced that they will postpone certain tax

After experiencing a downturn in 2023, merger and acquisition activity in several sectors is rebounding in 2024. If you’re buying a business, you want the best results possible after taxes. You can potentially structure the purchase in two ways: Buy the assets of the business, or Buy the seller’s entity ownership interest if the target

It is common for partners to bear the costs associated with the business of the partnership. This is particularly true in service-based partnerships like architecture or law firms. For instance, partners in service partnerships may have expenses for entertaining clients in order to cultivate new relationships. They may also have expenses for transportation to attend

Although the economy has bounced back from the uncertainties of the COVID-19 years, it can still be rough going for nonprofit organizations. According to Independent Sector, 2022 saw a 10% drop in donors. If your organization is struggling, you may need to report this in your financial statements. A going-concern evaluation will lay the groundwork

Passed in 2022, the Inflation Reduction Act introduced or extended several clean energy tax credits. Included in this were electric vehicle tax credits. Since then, the IRS has established additional guidance. In this post, we’re covering what you need to know about electric vehicle tax credits in 2024.

If you own a growing, unincorporated small business, you may be concerned about high self-employment tax bills. The SE tax is how Social Security and Medicare taxes are collected from self-employed individuals like you. Self-employment tax basics The maximum 15.3% self-employment tax rate hits the first $168,600 of your 2024 net SE income. The 15.3%

What are the rules for sales tax on construction labor and materials? Each state has their own laws when it comes to charging sales tax for construction services, including labor and materials. Proper sales tax compliance is incredibly important — otherwise, you could be facing steep fines. Let’s talk about how you can avoid those.

Are you looking to sell a business or investment property that has gained value? One way to avoid a hefty capital gains tax is through a like-kind exchange.

What are the like-kind exchange rules? We’ve got a breakdown of those below.

In the current business environment, many companies are finding it difficult — or prohibitively expensive — to secure the insurance coverage they need. One solution that may be worth exploring is to form or join a captive insurance company. Simply put, a captive insurance company is a licensed insurance company that’s owned and operated by

Business owners, this article is for you: the new FLSA Worker Classification Rule — effective March 11, 2024 — impacts how you classify workers as independent contractors vs. employees.

Landmark CPAs is pleased to announce the promotion of four professionals to the position of member: John Albritton, JD Brashear, Krista Ferguson and Michelle Lewis. John Albritton, Little Rock, has been with Landmark for almost two decades, specializing in bond arbitrage services and tax compliance services for tax exempt organizations and employee benefit plans. He

Are you buying a business that will have one or more co-owners? Or do you already own one fitting that description? If so, consider creating a buy-sell agreement. A well-drafted agreement can do these valuable things: Transform your business ownership interest into a more liquid asset, Prevent unwanted ownership changes, and Avoid hassles with the

In light of the Memorial Day weekend storms, straight-line winds and tornadoes that have affected our Northwest Arkansas communities, we wanted to provide some important information regarding IRS tax relief and the qualified disaster loss rules that may apply to you. IRS Postpones Certain Deadlines The IRS has announced that they will postpone certain tax

After experiencing a downturn in 2023, merger and acquisition activity in several sectors is rebounding in 2024. If you’re buying a business, you want the best results possible after taxes. You can potentially structure the purchase in two ways: Buy the assets of the business, or Buy the seller’s entity ownership interest if the target

It is common for partners to bear the costs associated with the business of the partnership. This is particularly true in service-based partnerships like architecture or law firms. For instance, partners in service partnerships may have expenses for entertaining clients in order to cultivate new relationships. They may also have expenses for transportation to attend

Although the economy has bounced back from the uncertainties of the COVID-19 years, it can still be rough going for nonprofit organizations. According to Independent Sector, 2022 saw a 10% drop in donors. If your organization is struggling, you may need to report this in your financial statements. A going-concern evaluation will lay the groundwork

Passed in 2022, the Inflation Reduction Act introduced or extended several clean energy tax credits. Included in this were electric vehicle tax credits. Since then, the IRS has established additional guidance. In this post, we’re covering what you need to know about electric vehicle tax credits in 2024.

If you own a growing, unincorporated small business, you may be concerned about high self-employment tax bills. The SE tax is how Social Security and Medicare taxes are collected from self-employed individuals like you. Self-employment tax basics The maximum 15.3% self-employment tax rate hits the first $168,600 of your 2024 net SE income. The 15.3%

What are the rules for sales tax on construction labor and materials? Each state has their own laws when it comes to charging sales tax for construction services, including labor and materials. Proper sales tax compliance is incredibly important — otherwise, you could be facing steep fines. Let’s talk about how you can avoid those.

Are you looking to sell a business or investment property that has gained value? One way to avoid a hefty capital gains tax is through a like-kind exchange.

What are the like-kind exchange rules? We’ve got a breakdown of those below.

In the current business environment, many companies are finding it difficult — or prohibitively expensive — to secure the insurance coverage they need. One solution that may be worth exploring is to form or join a captive insurance company. Simply put, a captive insurance company is a licensed insurance company that’s owned and operated by

Business owners, this article is for you: the new FLSA Worker Classification Rule — effective March 11, 2024 — impacts how you classify workers as independent contractors vs. employees.

Landmark CPAs is pleased to announce the promotion of four professionals to the position of member: John Albritton, JD Brashear, Krista Ferguson and Michelle Lewis. John Albritton, Little Rock, has been with Landmark for almost two decades, specializing in bond arbitrage services and tax compliance services for tax exempt organizations and employee benefit plans. He

Are you buying a business that will have one or more co-owners? Or do you already own one fitting that description? If so, consider creating a buy-sell agreement. A well-drafted agreement can do these valuable things: Transform your business ownership interest into a more liquid asset, Prevent unwanted ownership changes, and Avoid hassles with the

In light of the Memorial Day weekend storms, straight-line winds and tornadoes that have affected our Northwest Arkansas communities, we wanted to provide some important information regarding IRS tax relief and the qualified disaster loss rules that may apply to you. IRS Postpones Certain Deadlines The IRS has announced that they will postpone certain tax

After experiencing a downturn in 2023, merger and acquisition activity in several sectors is rebounding in 2024. If you’re buying a business, you want the best results possible after taxes. You can potentially structure the purchase in two ways: Buy the assets of the business, or Buy the seller’s entity ownership interest if the target

It is common for partners to bear the costs associated with the business of the partnership. This is particularly true in service-based partnerships like architecture or law firms. For instance, partners in service partnerships may have expenses for entertaining clients in order to cultivate new relationships. They may also have expenses for transportation to attend

Although the economy has bounced back from the uncertainties of the COVID-19 years, it can still be rough going for nonprofit organizations. According to Independent Sector, 2022 saw a 10% drop in donors. If your organization is struggling, you may need to report this in your financial statements. A going-concern evaluation will lay the groundwork

Passed in 2022, the Inflation Reduction Act introduced or extended several clean energy tax credits. Included in this were electric vehicle tax credits. Since then, the IRS has established additional guidance. In this post, we’re covering what you need to know about electric vehicle tax credits in 2024.