Tax, Accounting, and Business Insights

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

If you’re the owner of a pass-through entity, the taxes on real estate gains from the sale of business real estate or vacant land may be more complicated than you thought. Here’s a look at the issues. Let’s say you own real estate that has been held for more than one year and is sold

Get ready. The upcoming presidential and congressional elections may significantly impact the tax landscape for businesses in the United States. The reason has to do with a tax law that’s scheduled to expire in about 17 months and how politicians in Washington would like to handle it. How We Got Here The Tax Cuts and

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

Is your business using clean, or renewable, energy? You could qualify under the Inflation Reduction Act of 2022 (IRA) for renewable energy tax credits that reduce your federal tax liability. As part of IRA, the Investment Tax Credit (ITC) and Production Tax Credit (PTC) for businesses were both updated and extended and, in 2025, will expand even more — including direct pay and transfer options. In this article, we’ll detail the benefits offered and qualifications for each.

Starting January 1, 2024, you may be required to report information about the individuals who own or control your company to the U.S. Department of Treasury’s Financial Crimes Enforcement Network, also known as FinCEN.

While certain companies will be exempt from this reporting requirement, most businesses formed in the United States will have to submit this information on or before the deadline. It is VERY important that you understand the process — because the last thing anyone wants is the Department of Treasury coming after them! So let’s dive in.

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

If you’re selling business property used in your trade or business, you should understand the tax implications. There are many complex rules that can potentially apply. To simplify this discussion, let’s assume that the property you want to sell is land or depreciable property used in your business, and has been held by you for

Here are some of the key tax deadlines affecting businesses and other employers during the third quarter of 2021.

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

The U.S. Department of Labor recently announced new overtime rules titled “Defining and Delimiting the Exemptions for Executive, Administrative, Professional, Outside Sales, and Computer Employees.” These rules will take effect on July 1, 2024. Here is what you need to know: New Overtime Rules Purpose The rule updates and revises the regulations for determining whether