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Click the image below to access the year-end finance presentation. Read More

The US Environmental Protection Agency (EPA) recently announced it is offering up to $500 million through its 2022 Clean School Bus Rebates program. This program provides rebates to replace existing school buses with zero-emission and low-emission models. The online application window is May 20, 2022 through August 19, 2022. To learn more about this opportunity, you can visit the EPA’s Clean School Bus Program website. Read More

2022-23 Federal Programs Deadlines or Submission Dates Read More

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