Harris CPAs LLC

The stepped-up basis rules can reduce capital gains tax for family members who inherit your assets. Under these rules, when your loved one inherits an asset, its tax basis is “stepped up” to its fair market value at the time of your death. If the heir later sells the asset, he or she will owe capital gains tax only on any appreciation after your date of death, rather than on the entire gain since you acquired it. Investment accounts, business interests, real estate and personal property are among the assets affected by the stepped-up basis rules. Call us at (479) 361-2201 for details.

It’s almost never too late to start planning for retirement. Whether you already have large 401(k) or IRA balances or are starting from scratch, we can help craft a strategy that reflects your personal situation and addresses your goals. So start thinking about what’s important to you: Building a big nest egg, reducing income tax liability, something else … We’re here to help make it possible!

"The wealthiest people don't always earn more. They manage money differently."

Most people don't have a money problem.
They have a money habit problem.

The difference between financial stress and financial freedom is often found in the small decisions you make every day.

✅ Save before you spend.
✅ Eliminate bad debt.
✅ Create multiple income streams.
✅ Protect what you've built.
✅ Invest for the future.

Wealth isn't built overnight.
It's built through consistent choices repeated over time.

Your future self is watching the decisions you make today.

Which financial habit are you working on this week?

📊 Weekend is not just for rest, it's also the perfect time for a quick financial check-in.

Taking just a few minutes to review your income, expenses, cash flow, and upcoming obligations can help you start the new week with confidence and clarity.

Small financial habits today create stronger businesses tomorrow.

𝗪𝗵𝗮𝘁 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗴𝗼𝗮𝗹 𝗮𝗿𝗲 𝘆𝗼𝘂 𝘀𝗲𝘁𝘁𝗶𝗻𝗴 𝗳𝗼𝗿 𝗻𝗲𝘅𝘁 𝘄𝗲𝗲𝗸?

💡 𝗧𝗮𝘅 𝗞𝗻𝗼𝘄𝗹𝗲𝗱𝗴𝗲 𝗶𝘀 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗣𝗼𝘄𝗲𝗿.

The businesses that keep more of what they earn aren't always the ones making the most money—they're the ones making informed financial decisions.

Understanding taxes helps you:
✔ Avoid costly penalties
✔ Maximize deductions
✔ Improve cash flow
✔ Stay compliant year-round
✔ Build a stronger financial future

Don't wait until tax season to think about taxes. Smart tax planning happens every day.

If you're ready to take control of your finances, we're here to help.

📍 Springdale, Arkansas
📞 (479) 361-2201
📧 [email protected]

🌐 Harris CPAs LLC

Boat owners may qualify for federal income tax breaks — but only if the boat meets specific requirements. For example, a vessel with sleeping, cooking and toilet facilities could qualify as a home for the mortgage interest itemized deduction. Itemizers may also be able to deduct eligible state and local sales tax paid on a boat, subject to applicable limits. Vessels used in bona fide businesses, such as charter fishing or sightseeing, can generate deductible business expenses. Before assuming your boat delivers tax savings, contact us at (479) 361-2201 to learn more. We can help determine your vessel’s eligibility and provide guidance on substantiating any write-offs.

An IRS levy is a legal action that allows the agency to seize your property to pay a tax debt. This can include taking funds from your bank accounts, garnishing your wages or claiming other assets, such as your car or house, to cover your tax balance. Levies don’t happen without warning. They generally happen after multiple notices and missed deadlines. Additionally, the IRS must send you a Final Notice of Intent to Levy and give you the right to request a hearing. If you receive notice of a levy, don’t ignore it! Acting quickly may help you prevent or release a levy. We’re here to help. Call us at (479) 361-2201.

📢 𝗔𝗿𝗸𝗮𝗻𝘀𝗮𝘀 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗼𝘄𝗻𝗲𝗿𝘀, 𝘁𝗮𝗸𝗲 𝗻𝗼𝘁𝗲.

Recent Arkansas tax rate reductions may create new opportunities to improve cash flow, reinvest in your business, and strengthen your long-term financial strategy.

✔ Individual Income Tax Rate: 3.7% (previously 3.9%)
✔ Corporate Income Tax Rate: 4.1% (previously 4.3%)

While lower tax rates can benefit many taxpayers, the biggest advantage often comes from proactive planning—not simply paying less tax.

At Harris CPAs LLC, we help business owners navigate changing tax laws, identify opportunities, and develop strategies that support sustainable growth.

Tax changes create opportunities. Strategic planning creates results.

📍 Springdale, Arkansas
📞 (479) 361-2201



This caption positions Harris CPAs as a trusted advisor rather than just a tax preparer, which tends to attract higher-value business clients.

Will Social Security benefits be available when you retire? Good question. These benefits are unlikely to disappear entirely. But payments may be smaller, and the qualifying age for full benefits (currently 65 to 67, depending on your date of birth) may increase. So it’s critical to take advantage of tax-deferred retirement vehicles and to make age-appropriate investments that can help you accumulate adequate savings. Call us at (479) 361-2201 to discuss your retirement goals and ways to achieve them.

📢 Arkansas Tax Cuts Are Here

Recent changes to Arkansas tax law may help individuals and businesses keep more of what they earn. The state has reduced its top individual income tax rate and approved additional corporate tax reductions designed to support economic growth and increase financial flexibility for Arkansas taxpayers.

💡 What does this mean for you?

✔ Potential tax savings
✔ More opportunities for strategic tax planning
✔ Increased cash flow for qualifying businesses
✔ Greater ability to plan for future growth

Every taxpayer's situation is unique. That's why understanding how these changes affect your personal finances or business strategy is more important than ever.

At Harris CPAs LLC, we help individuals, entrepreneurs, and business owners navigate tax law changes and identify opportunities to maximize savings while staying compliant.

📍 6879 Isaac's Orchard Rd., Springdale, AR 72762
📞 (479) 361-2201
📧 [email protected]

🌐 Harris CPAs LLC

Don't just file your taxes—plan for them.