Charitable Giving is Still Tax Efficient. Here’s Why:
At Ark, philanthropy is a pillar of our culture for us, and our clients. Charitable giving is tax efficient now more than ever thanks to the CARES Act. Did you know you can now offset your income 100% by donating to charity?(If you’re retired and still receiving...
Business owners & Net Operating Losses (NOL’s)
For business owners, the timeline of when taxes are due, your busy season, and the end of the calendar year are at constant odds. To some degree, the IRS recognizes that. In order to tax businesses based on income and not account entries, the IRS allows Net Operating...+$310 Billion SBA Paycheck Protection Program
Have you heard? The President has just approved and signed legislation awarding $310 billion in new SBA Paycheck Protection Program loan money. $60 billion of that is specifically set aside for smaller banks and lenders. That is key here for funding. Economic Injury...