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Post Type: Blog

2023 Arkansas Tax Legislation Summary

By fridayfirmdev

By Michael M. Pollock The Regular Session of the 94th General Assembly of Arkansas convened on Monday, January 9, 2023, and adjourned sine die on Monday, May 1, 2023. The 2023 regular session saw the enactment of over one hundred tax-related bills, summarized below. Highlights from the session include: Arkansas income tax rate reductions; individuals, trusts, … Continued

Qualified Disaster Distribution

By fridayfirmdev

First, our thoughts and hearts go out to those impacted by the tornados that passed through Arkansas last Friday, March 31, 2023. We know this is a difficult time, and we hope you have a smooth and fast recovery. In light of the disasters, we are writing to alert you about new provisions that may … Continued

Students engage with industry professionals across Central Arkansas

By fridayfirmdev

Friday, Eldredge & Clark participated in the Academies of Central Arkansas Career Expo where students had the opportunity to talk to industry professionals across Central Arkansas and form a deeper understanding of required academic subjects, electives, and specialized courses to prepare them for their career of choice.

ARKANSAS TAX APPEALS UNDER NEW COMMISSION’S PROPOSED RULES

By fridayfirmdev

By Michael M. Pollock Tax News Update: Arkansas Tax Appeals Under New Commission’s Proposed Rules The newly established Arkansas Tax Appeals Commission has released its Proposed Rules of Procedure to carry out its role under the Independent Tax Appeals Commission Act (codified at Ark. Code Ann. § 26-18-1101). The Proposed Rules set out the Commission’s: (1) … Continued

Supreme Court Reinstates CMS Vaccine Mandate

By fridayfirmdev

The United States Supreme Court granted the federal government’s request to reinstate the CMS Omnibus COVID-19 Health Care Staff Vaccination Interim Final Rule (CMS Mandate) after two U.S. District Courts had enjoined the enforcement of the rule in 25 states, including Arkansas. The Court, in a 5-4 decision, determined that the petitioning states were not likely to succeed on the merits of their challenges and that the CMS Rule may go into effect while the cases proceed.