Following Up On "Election Day is Coming – Will Major Tax Changes Follow?"
February 8, 2021
by B. Wade Bowen
On August 10, 2020, we published a post outlining some of President Biden’s tax proposals set forth on the campaign trail. This post takes a deeper look at some of those proposals and some of the factors likely to influence the chance of the proposals becoming law. When we wrote in August, we were…
COVID-19 Paid Leave – What Employers Need to Know about the New Federal Relief Bill
February 8, 2021
by Ashley Edwards
On December 27, 2020, President Donald Trump signed into law the “Consolidated Appropriations Act of 2021 a small portion of which, the COVID-Related Tax Relief Act of 2020, (Relief Act) extends and modifies certain relief to small- and mid-sized employers under the Families First Coronavirus…
How Did Individual Arkansans Fare Under the CARES Act's First Round Economic Impact Payments?
February 8, 2021
by Anton L. Janik, Jr.
The Coronavirus Aid, Relief, and Economic Security Act, also known as the CARES Act, was enacted in March 2020 and created a refundable tax credit for individuals. The advance payments authorized by the CARES Act are referred to as the first round of economic impact payments (First Round EIPs)…
Non-Profit Hospital Real Property Potentially Exempt from County Property Taxes
Double-check the Tax Man by Double-checking your Parcel Usage Understandably, most hospital accounts payable departments are good at paying bills that come in the mail. However, when it comes to paying any bills that come in from the county tax collector, Arkansas non-profit hospital accounts…
"In These Uncertain Times": The Tax Consequences of PPP Loan Forgiveness
November 5, 2020
by Craig R. Cockrell
“These uncertain times” has been an often used phrase over the course of the last several months, and in no facet of 2020 life is it more applicable than the Paycheck Protection Program (PPP) loans implemented as part of the CARES Act. In a matter of just a few months, the Small Business…