taxes

With gun sales down 12.6% year-over-year but the U.S. having experienced at least four mass shootings every week in 2022, the personal-finance website WalletHub today released its report on 2022’s States Most Dependent on the Gun Industry, as well as accompanying videos and audio files.  …

35 employees of Missouri-based accounting firm BKD CPAs & Advisors will be promoted to partner or managing director on June 1, 2022. BKD, LLP is one of the largest U.S. accounting and advisory firms, providing consulting, tax, assurance and accounting outsourcing…

The Arkansas revenue collection report for April 2022, which reached over $1 billion for the first time, was the largest month of revenue collection in state history, according to the Arkansas Department of Finance and Administration. Net revenue collection in…

I briefly worked for a businessman whom after the phrase “richer than God” was probably coined. I still remember the first business trip I took with him abroad—we had just entered the Admiral Lounge in Dallas for our layover. After…

The Little Rock School Board is moving forward with administrative recommendations to seek voter approval for an additional $300 million dollars in funds. If approved by voters, this allotment would allow for completion of projects across the school district including…

New economic proposals from President Joe Biden could result in the biggest tax increases the United States has seen in almost thirty years. On Monday, March 15, Bloomberg published a report, in which unidentified sources said that Biden is planning…

Q: What impact could Paycheck Protection Program (PPP) loan forgiveness have this tax season? A: One of the biggest unknowns heading into the 2020 (2021) tax season centers on PPP loan forgiveness. As a reminder, the CARES Act was passed back in…

Q: What should taxpayers know as they prepare for tax season? A: Paycheck Protection Program (PPP) loan forgiveness and deductibility could have had a significant effect on businesses and self-employed individuals. If a PPP loan was received by a business or self-employed…

Editor’s note: On Dec. 27, President Donald Trump signed into law the Consolidated Appropriations Act of 2021, which provided routine annual funding for the federal government for 2021. This legislation also authorized approximately $1 trillion in funding for several pandemic-related…

Q: Given the loosening of eligibility rules, should remote workers claim a home-office deduction this year?  A: It would be nice to be able to claim a home-office deduction this year; unfortunately, as part of the changes brought about by Tax Cuts…