I paid income tax when I earned the money, then I paid sales tax on this when I bought it, are you telling me I have to pay tax on it again? Every single year? If you live in one of the 25 state that charges business property tax, this… Read More »Business Property Tax
Arkansas Sales Tax is the most confusing tax in the most confusing state. Should you be charging sales tax? Sales Tax law applies to You I am always surprised at the number of people who come to me who have no idea that they should be charging Arkansas Sales Tax… Read More »Should I Be Collecting Arkansas Sales Tax?
“Is there anything else going on?” I can tell there is. You wouldn’t be in my office if there wasn’t a problem somehow. Often, that last-minute question is on Child Support: paying, receiving, and employers getting letters to withhold. Everyone gets nervous about Child Support. No one wants to talk… Read More »Plain Talk About Child Support
Arkansas has NOT extended the deadline to assess your property in 2020. The May 31 deadline to assess all property stands. Since that is on a Sunday, the deadline is Monday June 1. What is Property Tax? Property tax is one of the three main sources of income for Arkansas,… Read More »Arkansas Commercial Property Tax Assessment
On February 27th, 2020, Diane was invited to teach a class at the Fayetteville Library on the topic IRS Reporting for Nonprofits. The specifics of taxes for nonprofit organizations is something hard to grasp for many new nonprofits. It is well understood that nonprofits do not have to pay taxes,… Read More »IRS Reporting for Nonprofits
January 2024 Update 2024 is upon us already and tax season is all year long at Grass Roots Taxes. If you have no idea what to bring to do your taxes, check out my list of most forgotten documents, below, and download this year’s updated checklist. You can also scroll… Read More »What to Bring to Do Your Taxes
I have been asked this question more than once by people not making money with their business. The short answer is ‘no’. Being a non-profit really has nothing to do with making money. Or taxes. Or profit. Or doing good things. What’s the difference between a non-profit and a for-profit?… Read More »Am I a ‘Non-Profit’ because I don’t make any money?
