Starting and Operating a Business in Arkansas (February, 2018 Edition) is FULLY UPDATED for the massive Tax Cuts and Jobs Act of 2017, and is a comprehensive tax and legal guidebook for Arkansas small businesses. The author, a retired tax attorney and CPA and Harvard Law graduate, provides you with a detailed but easy to read explanation of the tax and legal "ground rules" you need to know to navigate successfully through the complex maze of federal and Arkansas tax and business laws and regulations. This includes a deciphering of the extremely complex provisions of the new tax law, explaining how you can take full advantage of the (mostly) beneficial changes in the new law to greatly reduce the taxes on your small business.FULLY UPDATED FOR THE NEW FEDERAL TAX LAWS AND RATES THAT WENT INTO EFFECT IN 2018! The new tax law has left hardly a stone unturned in the federal tax code. Much of what you may have thought you knew about federal income taxes and tax planning is now either wrong or obsolete in 2018. The tax portions of this 2018 edition had to be largely re-written from prior editions, in light of the new tax laws and the required total re-thinking of traditional tax strategies, many of which will no longer make sense. Also fully updated for 2018 federal tax rates and brackets, 2018 retirement plan limitations, and other 2018 inflation-indexed items of the tax code.Federal tax and legal coverage includes individual and corporate income, self-employment, estate, gift, and excise taxes, payroll taxes, withholding of various taxes; the Americans with Disabilities Act; environmental laws; minimum wage/overtime and child labor laws; anti-discrimination and health care reform laws that apply to employers (including the 21st Century Cures Act, effective in 2017); immigration laws affecting hiring; OSHA job safety and health requirements; ERISA (employee benefits) compliance; the Family and Medical Leave Act rules (and how to earn the 2018-2019 family leave tax credit); mail order sales and telemarketing regulations; Internet taxation and regulation; and much more. ARKANSAS LAWS AND TAXES (UPDATED FULLY TO REFLECT INCOME TAX AND UNEMPLOYMENT TAX DECREASES THAT WENT INTO EFFECT IN 2016 THROUGH 2018 IN ARKANSAS, PLUS IMPORTANT 2018 SALES TAX LAW CHANGES REGARDING VENDOR DISCOUNTS AND NEW DEFINITION OF PARTIALLY EXEMPT "FOOD AND FOOD INGREDIENTS")Arkansas tax and legal coverage includes the Arkansas state income tax, state corporate income and franchise taxes, Arkansas sales and use, property, and unemployment taxes, withholding of employment taxes, and other state and local business taxes; the Arkansas minimum wage, overtime, and child labor laws; mandatory workers' compensation insurance and new hires reporting; wage payment requirements; when/if registration of fictitious business names (trade names) is required; other state labor laws; and much more.OTHER IMPORTANT INFORMATION AND ADVICEIn addition to extensive, up-to-date coverage of federal and Arkansas business laws and taxes, you will also find this e-book to be a gold mine of other useful information and advice for running your business. It covers topics such as an entire chapter on site selection for your business; guidance in choosing accounting methods and taxable year; do's and don'ts when buying an existing business, acquiring a franchise, or signing a lease; pros and cons of corporations, LLCs, and other business entities, as well as the current Arkansas filing fees and taxes for each type of entity. Other chapters deal with subjects such as how to protect your assets from creditors; incorporation in a state other than Arkansas; how to classify workers as either employees or independent contractors; advice about joining a multilevel marketing program; exporting tips; cash flow management and fraud detection; and estate planning, to name a few covered topics.