Corporate Transparency Act: What Businesses Need to Know
February 3, 2023
by Caroline W. Kelley
In January 2021, Congress enacted the Corporate Transparency Act (CTA) in order to protect the United States financial system from being used for money laundering and/or other illicit activities. Oftentimes when these illegal activities are occurring, the perpetrators, also known as “bad actors,”…
Estate Planning and Cryptocurrency
November 16, 2022
by Jennifer R. Pierce
Digital assets, such as cryptocurrency, are becoming a larger component of investors’ portfolios. More and more people are owning some form of cryptocurrency. Cryptocurrency creates unique challenges for estate planning because (i) there is no personally identifiable information associated with…
Recent State Income Tax Rate Changes for Individuals and Corporations
October 19, 2022
by Ashley Edwards
Despite rising inflation and interest rates, some Arkansas individuals and corporations can look forward to relief when filing their state income tax returns for this year and next year. Such relief will come in the form of reduced state income tax rates and an individual income tax credit. In…
Estate Planning Techniques in a Higher Interest Rate Environment
October 5, 2022
by B. Wade Bowen
One can hardly miss the high levels of inflation currently affecting our economy. Even for those who do not pay close attention to the news, where inflation could hardly be more covered, the price of nearly everything for consumers has skyrocketed as we have emerged from the COVID pandemic. To try…
Solar Tax Benefits Now Directly Available to State and Local Governments and 501(c)(3) Organizations
This blog post was originally published on September 16th, 2022 and then updated on April 28th, 2023. On August 16, 2022, President Biden signed the Inflation Reduction Act (or IRA), which provides significant tax and other incentives for qualifying renewable energy facilities including solar…