Deadline extended to pay restaurant sales tax in Arkansas
In response to the coronavirus pandemic, the state of Arkansas has delayed the payment of restaurant sales tax. Taxpayers in Arkansas may delay remitting restaurant sales tax and filing returns as follows: Sales tax remittances and reports for sales tax collected in March, April and May 2021 are not due until June 30, 2021; sales tax remittances […]
‘Tug-of-war’ developing between economic reopening and inflation concerns
The first quarter of 2021 has gotten off to great start with equity markets continuing to achieve record highs. As we begin the second quarter, a tug-of-war is developing as investors weigh the prospects of economic reopening amid the vaccine rollout against concerns of rising interest rates and the prospects for inflation. As the first […]
Biden proposes corporate tax increases to pay for infrastructure bill
President Joe Biden is proposing to increase corporate taxes to help pay for his proposed infrastructure bill, the American Jobs Plan. During his White House briefing at the end of March, the president said the Made in America Tax Plan is expected to raise more than $2 trillion over the next 15 years. According to […]
Know the ins and outs of ‘reasonable compensation’
Owners of incorporated businesses know that there’s a tax advantage to taking money out of a C corporation as compensation rather than as dividends. The reason: A corporation can deduct the salaries and bonuses that it pays executives, but not dividend payments. Thus, if funds are paid as dividends, they’re taxed twice, once to the […]
Restaurant Revitalization Grants ready to roll soon
The Small Business Administration has announced that registrations for the $28.6 billion Restaurant Revitalization Fund grants will open at 9 a.m. EST Friday, April 30, with the application officially open at noon EST Monday, May 3. The online application will remain open to any eligible establishment until all funds are exhausted. If you plan to […]
Changes to premium tax credit could increase penalty risk for some businesses
The premium tax credit (PTC) is a refundable credit that helps individuals and families pay for insurance obtained from a Health Insurance Marketplace (commonly known as an “Exchange”). A provision of the Affordable Care Act (ACA) created the credit. The American Rescue Plan Act (ARPA), signed into law in March 2021, made several significant enhancements […]
Antares Group volunteers with RER’s School Break Lunch Program
Volunteering with Rockdale Emergency Relief’s School Break Lunch program is one of our favorite things to do each year. Aimee Gartner and Jennifer Singleton, along with Jennifer’s daughters, Ava and Ana, delivered nearly 200 meals to area families Wednesday during Rockdale County’s Spring Break. Many thanks to Atlanta Pizza & Gyro in Conyers for their generous donation […]
More guidance issued on Massachusetts sales and meals tax changes
We advised you a couple months ago that beginning April 1, Massachusetts had enacted accelerated remittance of sales and meals tax. Few details were available at that time, but the state has recently updated its guidance so we wanted to provide you more information. According to the state, businesses that had $150,000 or more in sales […]
Antares Group’s COVID-19 Webinar Series
Antares Group is hosting a series of webcasts designed to bring the latest information to you in this rapidly changing environment during the coronavirus outbreak. Below are links to the webinars we have hosted. We will add more as they become available. How Does ARPA Help Your Business? (March 23, 2021) Presented by: Frank McLaughlin, […]
Webinar: How Does ARPA Help Your Business?
What: Webinar on how ARPA helps business owners When: 3 p.m. (ET) Tuesday, March 23 REGISTER HERE: How Does ARPA Help Your Business? President Biden recently signed the American Rescue Plan Act of 2021, which contains several Covid-relief measures. Many provisions impact business owners in general and restaurant owners in particular. Frank McLaughlin, CPA, a […]