Maxwell CPA

03/10/2025

We Are Hiring!

About the job

Company Description

Maxwell CPA, established in 1985, is a CPA firm located in Crossett, AR, specializing in audit, tax, and accounting services for individuals and small businesses in Arkansas. We focus on providing personalized attention and high-quality professional services, aiming to help our clients achieve their financial goals. Specializing in Aviation, Construction, Agribusiness, and Transportation Accounting and Tax services, we understand the challenges and rewards of running a small business.

Role Description

This is a full-time on-site role for an Accountant at Maxwell CPA in Crossett, AR. The Accountant will be responsible for tasks such as preparing tax returns, preparing financial statements, reconciling accounts, assisting with audits, and ensuring compliance with financial regulations and standards.

Qualifications

Financial Data Analysis, Financial Statement Preparation, and Account Reconciliation skills
Experience with accounting software including QuickBooks, ACS and UltraTax a plus
Experience in tax preparation and compliance
Strong analytical and problem-solving skills.
Excellent attention to detail and organizational skills
Effective communication and interpersonal abilities
Bachelor's degree in accounting or related field
Certified Public Accountant (CPA) designation or candidate is a plus

06/28/2024

Arkansas Governor Signs Legislation Reducing Income Taxes, Increasing Homestead Property Tax Credit
By James W. O'Brien, Esq.

Arkansas Governor Sarah Huckabee Sanders has signed legislation reducing the income tax rates applicable to corporations, individuals, trusts, and estates, and increasing the homestead property tax credit amount. L. 2024, S1 (2nd Extra. Sess.) (Act 1), effective 06/19/2024; L. 2024, S3 (2nd Extra. Sess.) (Act 5), effective 06/19/2024

Rates. The state's top individual income tax rate is reduced from 4.4% to 3.9%, and the state's top corporate income tax rate is reduced from 4.8% to 4.3%, retroactive to tax years beginning on or after January 1, 2024. The top individual income tax rate of 3.9% applies to every resident, individual, trust, or estate having net income of less than or equal to $89,600 and to their income of $25,000 to $89,600. The top rate also applies to every resident, individual, trust, or estate having net income greater than $89,600 and to their income of $4,501 and above. The top corporate income tax rate of 4.3% applies to the net income of corporations exceeding $11,000.

Individual income tax bracket adjustments. The legislation recalculates the bracket adjustments based on the reduced tax rates. For tax year 2024, every resident, individual, trust, or estate having net taxable income greater than or equal to $89,601, but less than $92,701, will reduce their income tax due by the appropriate bracket adjustment amount.

Homestead credit. Effective for assessment years beginning on or after January 1, 2024, the homestead property tax credit is increased from $425 to $500.

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Document Title:Arkansas Governor Signs Legislation Reducing Income Taxes, Increasing Homestead Property Tax Credit (06/27/2024)
Checkpoint Source:State Tax Updates
© 2024 Thomson Reuters/Tax & Accounting. All Rights Reserved.

04/20/2024

01/22/2024

12/22/2023

Top accounting software tools for small businesses usually include those that offer

10/14/2023

Not a good trend.

09/12/2023

Our thanks to Craig Kaminicki at Maxwell, CPA for your sponsorship! ❤

04/04/2023

Our power is out due to an Entergy outage and we do not have phone service. Estimated restorable is 4pm

03/24/2023

https://www.maxwellcpa.com/blog/index.php/2023/03/24/irs-director-think-twice-before-claiming-expired-covid-19-employee-retention-credit-christopher-wood-cpp/

IRS Director: ‘Think Twice’ Before Claiming Expired COVID-19 Employee Retention Credit Christopher Wood, CPP March 24, 2023 by Craig Kaminicki During a payroll conference in Washington D.C. on March 20, a director at the IRS warned taxpayers to “think twice” about claiming the expired COVID-...

10/21/2022

Republicans are asking the IRS to preserve all documents related to its decision to destroy 30 million taxpayer documents in 2021, and indicated more oversight is on the way.

10/05/2022

Want to maximize your 2022 tax refund? CPA/CFA Charles Renwick explains how W2 employees can open up a world of deductions with one simple strategy.

08/17/2022

Interesting read on IRS audit targets, etc. Not as you would suspect.

Treasury Secretary Janet Yellen asked the IRS to develop a plan for spending the $80 billion in new funding that it received as part of Democrats' Inflation Reduction Act.