Harris CPAs LLC

📢 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.

Are rental real estate activities eligible for the qualified business income (QBI) deduction? The answer is a distinct “maybe.” This tax break allows eligible sole proprietors and owners of “pass-through” entities to deduct up to 20% of QBI. Pass-through entities include partnerships, S corporations and most limited liability companies. However, income from a rental real estate activity is QBI only if the activity rises to the level of a trade or business or meets an IRS safe harbor, which generally requires separate records, sufficient rental services and specific documentation. Various limits and other restrictions also apply. Call us at (479) 361-2201 to learn more.

If you rent out your primary residence or vacation home for no more than 14 days, you don’t have to report the income. (But you can’t deduct related expenses, such as advertising and cleaning.) If you rent it out for more than 14 days, the income is taxable. And you may be able to deduct expenses such as utilities, repairs, insurance and depreciation. Exactly what you can deduct depends on personal vs. rental use. The rules are complex, but tax savings opportunities are available. Call us at (479) 361-2201 to learn more.