Franchise taxes to be paid to the Secretary of State.

Franchise taxes to be paid to the Secretary of State.

The Arkansas Department of Finance and Administration has announced that effective March 15, 2021, all franchise taxes will go back to being paid to the Secretary of State. Franchise tax filing/payment through Arkansas Taxpayer Access Point (ATAP) who took on the role on January 1, 2021 no longer will be available beginning March 12, 2021 at 3:00 a.m. The Secretary of State will continue to be the first point of contact when starting a new business in Arkansas as well as any activity related to the organizational structure of an entity.


Read more
Individual return filing season will start on February 12, 2021

Individual return filing season will start on February 12, 2021

In a News Release, IRS has announced that tax season will start on Friday, February 12, 2021, when the tax agency will begin accepting and processing 2020 individual income tax year returns. It also provided additional filing season date information.

IRS said that the February 12 start date for individual tax return filers allows IRS time to do additional programming and testing of IRS systems following the December 27 tax law changes that provided a second round of Economic Impact Payments and other benefits.

Read more
PPP Loan June 2020

Paycheck Protection Program Loan Forgiveness

Forgiveness is based on the employer maintaining or quickly rehiring employees and maintaining salary levels. If employers did not maintain employee count or salary levels, forgiveness will be reduced. When the Flexibility Act was released on June 5, 2020, the loan forgiveness form and instructions were updated to include several measures to reduce compliance burdens and simplify the process for borrowers, including:

Read more
Ready for Business Grant Program

Business Grant Program (Second Opportunity)

Arkansas Congress has approved an additional $55 million free grant program to help get through the COVID-19 pandemic.  These funds are for personal protective equipment, hand sanitizer, deep cleaning, and other expenses related to protecting employees from the COVID-19 virus.

This will be a first come first serve application; however, unlike last week the applications will stay open for a full two days (Tomorrow and Wednesday).

The grants are for $1,000 per employee, a maximum of 100 employees.

The website link is: it says unavailable at the current moment it will become available at 8:00 am tomorrow.  I encourage you to go ahead and follow the link to review the required information and grant guidelines.


If this is something you feel that will benefit your Company I encourage you to apply early to increase your chances of receiving a grant.  Please let us know if you have any questions.

Thank you,


Read more
A note from Secretary of State concerning franchise tax.

Secretary of State announces temporary waiver of franchise tax late fees and interest charges

Tax Deadline is May 1st; Late Fees and Interest Waived Until July 15th

Arkansas Secretary of State John Thurston announced today that late fees and interest charges on businesses’ annual franchise taxes will be waived until July 15th. The filing deadline for annual franchise taxes is May 1st. Typically, companies filing after the deadline are charged a $25 late fee plus 0.000274% interest per day the payment is delinquent. These penalties will be waived for those who file between May 2nd and July 15th.  This only applies to the 2020 franchise tax reporting year.

Secretary Thurston said, “The May 1st deadline is set by state law, however, we thought this would be one way to help companies who may need a little extra time to get their tax payments in order. The ongoing COVID-19 pandemic is having a serious impact on our business community and we want to help them in any way that we can.”

The Secretary continues to work closely with all stakeholders and coordinated these efforts with those of the Governor’s Office and the Department of Finance and Administration.

Arkansas franchise taxes can be filed conveniently online at

Read more
Covid19 Families First Coronavirus Response Act

Families First Coronavirus Response Act Notice – FAQ

WASHINGTON, DC – Today, the U.S. Department of Labor’s Wage and Hour Division (WHD) announced more guidance to provide information to workers and employers about how each will be able to take advantage of the protections and relief offered by the Families First Coronavirus Response Act (FFCRA) when it takes effect on April 1, 2020.

Read more

IRS Notice 2020

The Treasury Department and the Internal Revenue Service are providing special tax filing and payment relief to individuals and businesses in response to the COVID-19 Outbreak. The filing deadline for tax returns has been extended from April 15 to July 15, 2020. The IRS urges taxpayers who are owed a refund to file as quickly as possible. For those who can’t file by the July 15, 2020 deadline, the IRS reminds individual taxpayers that everyone is eligible to request an extension to file their return.

Read more
Families First Coronavirus Response Act (FFCRA)

Families First Coronavirus Response Act (FFCRA) Compliance Recommendations

Employers with fewer than 500 employees should review policies and practices to ensure compliance with the Families First Coronavirus Response Act and train supervisors on how to respond when employees request such leave.  You will find summarized notes from the Families First Coronavirus Response Act below:

Here are sample policies on Emergency Paid Sick Leave and Public Emergency Health Leave required by the Act.

If you have questions please contact us at (479) 249-9916.


Read more
DOL Issues Final Overtime Rule

DOL Issues Final Overtime Rule

After much anticipation, on September 24, 2019, the U.S. Department of Labor (DOL) has announced its long-awaited Final Overtime Rule to update the federal overtime regulations governing which employees are entitled to minimum wage and overtime pay under the federal wage and hour law by increasing the salary level required under the executive, administrative and professional (EAP) white-collar exemptions. The Final Overtime Rule is effective as of January 1, 2020.

Read more