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Set EBD upload date Finish all the regular month HR stuff ATRS monthly ATRS quarterly State quarterly wage report 941 but don’t mail it yet 1099 processing (can stop after the work file is created) Clear 1099 year to date vendor file W2 create work file Balance w2’s (if you have a problem you may need to adjust your 941) Do calendar year-end process Close period 6 Print and distribute 1099’s and W2’s before 1/31 Finalize 941 and mail it before 1/31 Transmit electronic files to social security and 1099 to IRS Transmit state taxes Do state income tax reconciliation report Later – ACA Read More

APSRC has received several inquiries as to whether or not Act 914 of 2021 expands the tax-free exemption historically provided to public schools on purchases of instructional materials to now include the purchase of equipment required to make use of technology-based educational materials and software. It is my opinion that Act 914 does allow for the tax-free purchase of a Chromebook®, iPad® or other electronic devices required to make use of technology-based educational materials and electronic software. Act 914 went into effect on July 1, 2021.   Arkansas Code Annotated Section 26-52-437(a)(1)(D) in defining “Instructional materials” contained a specific exclusion for the equipment required to use the technology-based educational materials and electronic software, meaning sales tax was applied to the purchase of that equipment. Act 914 removed the… Read More

The U.S. Department of Education’s recently updated the EESER Frequently Asked Questions document.  The May 2021 updated FAQ document can be accessed by clicking here. Read More

Approval and Publication of Budget Reminder – For districts that hold annual school board elections at the Preferential Primary on March 3, 2020 Read More

Reminder As of July 1 ATRS rates have changed. Please make sure that you have entered the new rates in your payroll software. The 2019 – 2020 Contribution Rates are as follows: Type of Contributions (Rate) Employee Active – Contributory (6.25%) Employer Active – Contributory & Noncontributory (14.25%) T-Drop (14.25%) Working Retiree (14.25%) Surcharge (2.00%) Read More