Harris CPAs LLC

Harris CPAs LLC CPA firm offering Tax, Accounting, Payroll, Audits, Compilations, Reviews, and Advisory Services.

If you’d like to help a charity for a period of time but ultimately benefit one or more heirs and potentially save gift ...
06/24/2026

If you’d like to help a charity for a period of time but ultimately benefit one or more heirs and potentially save gift and estate taxes, consider a charitable lead trust (CLT). You transfer assets to the irrevocable CLT and the charity receives payments from it for a term of years. When the term expires, the remaining assets are distributed to the CLT’s beneficiaries. The CLT assets can include publicly traded securities, real estate, business interests and even private company stock. Call us at (479) 361-2201 for more details.

Beginning July 4, 2026, parents, grandparents and others can contribute to Trump Accounts (TAs) for the benefit of eligi...
06/23/2026

Beginning July 4, 2026, parents, grandparents and others can contribute to Trump Accounts (TAs) for the benefit of eligible children. Certain children born 2025–2028 may also qualify for a $1,000 starter deposit from the federal government. TA contributions are generally limited to $5,000 per year (not counting the government deposit) and aren’t tax deductible. But earnings grow tax-deferred. At age 18, the TA will become a traditional IRA. For education goals, options like 529 plans may be better, because qualified education withdrawals are tax-free. Contact us at (479) 361-2201 to discuss what fits your family.

Trying to catch up? Employees age 50 and older are allowed to make extra, “catch-up” contributions to their 401(k) and s...
06/22/2026

Trying to catch up? Employees age 50 and older are allowed to make extra, “catch-up” contributions to their 401(k) and similar plans. In 2026, you can generally contribute an additional $8,000, for an annual maximum of $32,500. And, if you turn age 60, 61, 62 or 63 this year, you can contribute up to $35,750! However, there’s a catch. Recent tax law changes require certain high earners to invest catch-up contributions in a post-tax Roth account, such as a Roth 401(k). This may require additional planning. Call us at (479) 361-2201 to discuss how to reach your retirement savings goals.

A summer job is a great way for teens to earn extra cash, but it also comes with tax responsibilities. Anyone with self-...
06/18/2026

A summer job is a great way for teens to earn extra cash, but it also comes with tax responsibilities. Anyone with self-employed income over $400, such as earnings from mowing lawns or babysitting, must file an income tax return and may owe self-employment tax. If a teen works for an employer that withholds payroll taxes, the filing threshold is higher: $16,100 for 2026. In this case, the teen usually won’t owe income tax and may receive a refund if taxes were withheld. Call us at (479) 361-2201 with questions.

Starting in 2026, the tax rules for the personal casualty loss deduction are changing. While the deduction remains limit...
06/17/2026

Starting in 2026, the tax rules for the personal casualty loss deduction are changing. While the deduction remains limited mainly to disaster-related losses, eligibility is expanding beyond federally declared disasters to include certain state-declared disasters. Because the rules are complicated and additional limits apply, review your situation with us. We can help determine whether you’re eligible for a casualty loss deduction. Contact us at (479) 361-2201.

𝗪𝗲𝗮𝗹𝘁𝗵 𝗶𝘀𝗻'𝘁 𝗯𝘂𝗶𝗹𝘁 𝗼𝘃𝗲𝗿𝗻𝗶𝗴𝗵𝘁.It's built through small, smart decisions repeated consistently.💰 Spend with purpose.📈 Inve...
06/16/2026

𝗪𝗲𝗮𝗹𝘁𝗵 𝗶𝘀𝗻'𝘁 𝗯𝘂𝗶𝗹𝘁 𝗼𝘃𝗲𝗿𝗻𝗶𝗴𝗵𝘁.

It's built through small, smart decisions repeated consistently.

💰 Spend with purpose.
📈 Invest in growth.
🎯 Stay focused on your goals.

Your future self will thank you.

The stepped-up basis rules can reduce capital gains tax for family members who inherit your assets. Under these rules, w...
06/16/2026

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 ar...
06/15/2026

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.The...
06/15/2026

"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 r...
06/13/2026

📊 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?

Address

6879 Isaac’s Orchard Road
Springdale, AR
72762

Opening Hours

Monday 8am - 5pm
Tuesday 8am - 5pm
Wednesday 8am - 5pm
Thursday 8am - 5pm
Friday 8am - 5pm

Telephone

+14793612201

Website

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