2023 - Frost PLLC

Dec

State Pass-through Entity Taxes Offer Significant Tax-saving Strategy for Businesses

The Rules Vary from State to State Benjamin Buckner | Tax Manager Pass-through entity tax elections have become a significant strategy in most U.S. states to mitigate the impact of the $10,000 cap on deductions of state and local taxes (SALT) on federal income tax returns. The Tax Cuts and Jobs Act of 2017 (TCJA) limited […]

Oct

IRS

Guidance from DOL and IRS Slow in Coming for SECURE 2.0 Act

Terri Roughton, QKA, CEBS | Pension Specialist The “SECURE 2.0” legislation that was signed into law in late 2022 makes significant changes to workplace retirement plans, and many plan sponsors will have to amend their plan documents in order to take advantage of the law’s benefits. However, the Department of Labor (DOL) and the Internal Revenue […]

September 26, 2023

Business Advisory

Protecting Your Business: IRS Halts Employee Retention Credit Processing Amid Scam Concerns

In a move to help safeguard small business owners from potential scams and fraud, the Internal Revenue Service (IRS) recently announced a moratorium on processing new claims for the Employee Retention Credit (ERC) through at least the end of the year. This decision comes in response to growing concerns regarding questionable claims and aggressive marketing…

June 6, 2023

Agriculture, Animal Welfare, Business Advisory, Tax

How Will You be Affected by Proposition 12?

Jacquelyn Babcock, DirectorFACTA LLCAnimal Welfare, Assurance, Certification and Training Since its passage by voters in 2018, California’s Proposition 12 has clouded the skies for pork, veal and egg producers like a distant storm – threatening, but far enough away to hope it would turn in another direction. On May 11, 2023, the last hope for a […]

April 5, 2023

Agriculture, Animal Welfare, Business Advisory, Tax

Executive Order to Extend the Arkansas State Individual Tax Filing Deadline for Select Counties

We send our sincerest thoughts and well-wishes to all those affected by the devastating tornados that swept through Arkansas last Friday, March 31, 2023. As we navigate these uncertain times, it is our hope that all those affected by the current crisis can recover quickly and fully. With the severe weather outbreak in Arkansas, Governor […]

State Pass-through Entity Taxes Offer Significant Tax-saving Strategy for Businesses

Guidance from DOL and IRS Slow in Coming for SECURE 2.0 Act

Protecting Your Business: IRS Halts Employee Retention Credit Processing Amid Scam Concerns

How Will You be Affected by Proposition 12?

Executive Order to Extend the Arkansas State Individual Tax Filing Deadline for Select Counties

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State Pass-through Entity Taxes Offer Significant Tax-saving Strategy for Businesses

Guidance from DOL and IRS Slow in Coming for SECURE 2.0 Act

Protecting Your Business: IRS Halts Employee Retention Credit Processing Amid Scam Concerns

How Will You be Affected by Proposition 12?

Executive Order to Extend the Arkansas State Individual Tax Filing Deadline for Select Counties

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