J. Richard Morgan, CPA, PLLC

02/11/2026

As Tax Season gets into full swing, we wanted to let you know about a particular tax benefit included in the recently passed One Big Beautiful Bill Act (OBBBA).

Starting with your 2025 return (filed in 2026), individuals can deduct up to $10,000 of interest paid on a qualifying auto loan for a NEW vehicle.

To take this deduction:
The car must be new and for your personal use (no business or lease vehicles).

It must have been purchased with a loan taken out after Dec. 31, 2024.

The vehicle must meet certain IRS rules — like the vehicle's final assembly must be in the U.S. and the weight must be under 14,000 lbs.

Also, you can claim this deduction regardless of whether you itemize or take the standard deduction!

This deduction will begin to phase out if your modified adjusted gross income is over $100,000 (single) or $200,000 (joint).

If you have any questions about this or any other tax law provisions, feel free to send us a message or give us a call.

Thank you for your continued trust in us for your Accounting and Tax needs!

01/29/2026

Thank you for your patience through this nasty winter weather. We are open today! Please be careful as there are still some icy patches on the road. Stay safe and stay warm.

01/28/2026

We’re here, but our sidewalk is very slippery. For everyone’s safety, we will be closed. If you need us for anything, our phone lines are open. Stay safe and stay warm!

01/26/2026

Due to the inclement weather, we will be closed Monday, January 26. Stay safe and stay warm everyone! We hope to see everyone Tuesday.

01/08/2026

📣 E-File Dates Are Set!

The IRS will begin accepting e-filed tax returns on the following dates:

🗂️ Business tax returns: January 13, 2026
👤 Individual tax returns: January 26, 2026

If you haven’t already, now is a great time to start sending in your tax documents. Getting everything in early helps keep the filing process smooth once e-file opens.

If you have questions about your tax situation or what documents you need to bring, feel free to call us at (870) 725-2907.

10/21/2025

*****SCAM ALERT*****

We’ve been made aware of scam text messages claiming to be from the Arkansas Department of Finance and Administration. Like this picture, these messages often say something like “You have a refund” or “Your account is under review” and include a link or phone number. Please DO NOT click any links or provide personal information.

The Arkansas Department of Finance and Administration and Internal Revenue Service will not contact taxpayers by text message about refunds, payments, or account issues.

If you receive one of these texts and aren’t sure what to do, give us a call or stop by. We’ll gladly help you verify whether something is legitimate — we’d rather you ask than worry or risk sharing sensitive information.

Stay cautious and always double-check before responding to any unexpected messages about taxes.

06/03/2025

We are honored to have been nominated again for Best Accountant! We would greatly appreciate your vote. 😁👍

El Dorado News-Times is the premier digital source for news in El Dorado, Arkansas

06/03/2025

El Dorado News-Times is the premier digital source for news in El Dorado, Arkansas

04/14/2025

The Internal Revenue Service today announced tax relief for individuals and businesses in the entire state of ARKANSAS due to the devastating storms and flooding that ravaged our state beginning April 2, 2025. So here’s what that means:

1. Your 2024 Individual Income Tax Return is not due until 11/3/2025.

2. Your 2024 Federal Income Tax won’t be due until 11/3/2025.

3. Your 2025 Estimated Tax Payments that would be due 4/15/2025, 6/15/2025, and 9/15/2025 are not due until 11/3/2025.

4. Quarterly payroll and excise tax returns normally due on 4/30/2025, 7/31/2025, and 10/31/2025 are not due until 11/3/2025.

5. Corporation and Fiduciary Tax Returns and payments? Yep, you’re extended to 11/3/2025 also.

6. Calendar non-profits? Yep, due 11/3/2025.

Governor Sanders issued an executive order covering 63 counties that moved state tax deadlines to 7/31/2025. In light of the IRS’s announcement, I look for the Governor to issue an executive order covering the remaining 12 counties.

If you have questions, please give us a call at the office. We will, however, still be closed on April 16. Even with the extension we all still need a little break. 😂

Our family at J. Richard Morgan, CPA, PLLC want to thank all of our clients for continuing to place your trust in us year after year. Your support means the world to us.

11/11/2024

🇺🇸 Honoring Our Veterans 🇺🇸

Today, we pause to honor the bravery, dedication, and sacrifices made by the incredible men and women who have served in our armed forces. To all veterans—thank you for your selflessness and unwavering commitment to our country. You have protected our freedoms and defended our values, often at great personal cost.

Let us never take for granted the sacrifices made by these heroes. Whether it’s by reaching out to a veteran, supporting veteran organizations, or simply taking a moment to reflect, let’s show our gratitude today and every day.

11/05/2024

10/07/2024

The Tax Extension Deadline is fast approaching! October 15th is a week away, have you filed?!