Business Advisory Archives

September 26, 2023

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 […]

November 22, 2021

Agriculture, Animal Welfare, Business Advisory, Tax

House Passes Bipartisan Infrastructure Bill

The U.S. House of Representatives in the late hours of Friday, November 5, 2021,passed H.R. 3684, the “Infrastructure Investment and Jobs Act” in a 228 to 206bipartisan vote. The Senate had approved the same version of the bill, which isnow ready for the president’s signature, expected today.IRC Section 6045The 2,700-page bill, which funds investment in […]

September 10, 2020

Agriculture, Business Advisory, CARES Act, COVID-19, Financial Services, PPP Program, Small Business, Tax

Employee Payroll Tax Deferral – Guidance Provided by IRS Notice 2020-65

Author: Lindsey Jackson, CPA The Internal Revenue Service issued guidance regarding the employee payroll tax deferral described in the Presidential memorandum from August 8th. IRS Notice 2020-65 provides details to employers who are considering taking advantage of the Presidential Memorandum and defer the withholding and payment of the employee’s portion of Social Security tax.Participating in […]

May 26, 2020

Agriculture, Business Advisory, CARES Act, COVID-19

Interim Final Rule Summary

Author: Lindsey Jackson, CPA | Tax Manager Late Friday the SBA published an Interim Final Rule addressing several items related to PPP loan forgiveness. The IFR is rather lengthy at 26 pages, but does address many frequently asked questions we have received the past couple of weeks. Several key takeaways from the latest release are […]

May 14, 2020

Agriculture, Business Advisory, CARES Act, COVID-19, PPP Program, Small Business, Tax

Updated! New Guidance for Paycheck Protection Program

Our prior announcement of May 6th provided information on additional guidance issued for the Paycheck Protection Program (PPP) regarding the repayment of funds received. Initially the guidance provided that recipients of PPP funds had until May 7th to carefully review the required certification on the Borrower Application Form that current economic uncertainty makes the loan […]

April 30, 2020

Business Advisory, CARES Act, COVID-19, Small Business, Uncategorized

Main Street Business Lending Program Announced by the Federal Reserve

On April 9, the Federal Reserve announced additional actions it will take, providing up to $2.3 trillion in loans to support the U.S. economy. The Federal Reserve believes this funding will assist households and employers of all sizes, bolstering the ability of state and local governments to deliver critical services during the coronavirus pandemic. One of the […]

April 30, 2020

Agriculture, Business Advisory, CARES Act, COVID-19, Financial Services, PPP Program, Small Business, Tax

New Guidance on Highly Anticipated Paycheck Protection Program

One of the more highly anticipated pieces of the CARES Act legislation recently signed into law is the Paycheck Protection Program (PPP). This program authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. Loan applications will begin on April 3 (for small businesses and sole […]

December 13, 2019

Agriculture, Business Advisory, Financial Services, Food Processing, Frost Spotlight, Meet The Team, Partners, Promotions, Strategic Services, Tax

Announcing the Addition of Two New Partners

[Little Rock, Arkansas, May 28, 2019] – Frost PLLC is pleased to announce the addition of two new partners: Robert Wolfe and Adam Jones, both located in the firm’s Little Rock office. Robert Wolfe, CPA, has over 15 years of experience in tax, audit, accounting, and consulting for a wide range of companies in the private sector with an […]

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

House Passes Bipartisan Infrastructure Bill

Employee Payroll Tax Deferral – Guidance Provided by IRS Notice 2020-65

Interim Final Rule Summary

Updated! New Guidance for Paycheck Protection Program

Main Street Business Lending Program Announced by the Federal Reserve

New Guidance on Highly Anticipated Paycheck Protection Program

Announcing the Addition of Two New Partners

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