QOZ Business Property RS

The Benefits and Risks of Qualified Opportunity Zones

True to their name, recently created qualified opportunity zones (QOZs) may raise attractive opportunities for contractors.

Read More…

Forgiven Expenses aren't Deductible RS

PPP Loans: Forgiven Expenses aren’t Deductible

The IRS has issued guidance clarifying that certain forgiven expenses aren’t deductible if a business has received a Paycheck Protection Program (PPP) loan.

Read More…

Refuses to Return to Work RS

What to do if an Employee Refuses to Return to Work

While the CARES Act made several changes to unemployment, the normal rules and processes still apply if an employee refuses to return to work.

Read More…

Independent Contractor Worker Classification RS

Worker Classification: Classify Carefully as IRS Continues to Scrutinize Independent Contractors

The classification of workers as independent contractors or employees has significant implications — both tax and nontax — for all businesses.

Read More…

Charitable Contributions CARES Act RS

Charitable Contribution Rules for Businesses Change Under the CARES Act

In order to incentivize charitable giving, the CARES Act made some liberalizations to the rules governing charitable deductions.

Read More…

Landmark News and Announcements RS

Landmark Member Named Chairman of ARCPA

Landmark member Randy Milligan has been appointed Chairman of the Arkansas Society of Certified Public Accountants (ARCPA), effective April 1, 2020.

Read More…

CARES Act and Construction

The CARES Act and Construction: Keeping an Eye on Taxes

Let’s look at three issues that contractors should keep an eye on in light of the CARES Act: payroll, losses and qualified improvement property.

Read More…

Landmark News and Announcements RS

Landmark Member Appointed to AICPA’s Auditing Standards Board

Landmark PLC member Sherry Chesser has been appointed to the AICPA Auditing Standards Board (ASB), the AICPA’s senior committee for auditing, attestation, and quality control …

Read More…

Net Operating Loss

The CARES Act Makes Favorable Changes to Net Operating Losses

You may be able to benefit by carrying a net operating loss (NOL) into a different year — a year in which you have taxable income — and taking a deduction for it against that …

Read More…