Mountain Home, Arkansas

The Callen Accounting Group, PLLC

The Callen Accounting Group, PLLC

104 E. 1st St.
Mountain Home, AR 72653
The Callen Accounting Group, PLLC, Tax Preparation & Planning, Finance, Mountain Home, Arkansas

Finding a full-service accounting firm that takes the time to give you personalized attention and guidance can be a daunting task. For individuals and businesses near the Mountain Home, AR, area, The Callen Accounting Group is the firm they trust for expert financial advice and tax planning services. With a strong work ethic and dedication to providing professional financial services, they have earned many loyal clients.

The Callen Accounting Group helps individuals and businesses plan for their financial future. Their accounting services including bookkeeping, payroll processing, and financial statement preparation to help business owners stay profitable and plan for future growth. They provide tax management services to assist clients with the difficult tasks of tax planning and preparation, ensuring they take advantage of every money-saving deduction and credit available. Their accounting group also offers expert trust planning services to help clients with estate planning.

Clients of The Callen Accounting Group depend on the dedication and experience of their accountants. Their staff works as a team, pooling their experience and expertise to perform thorough research and analysis. Each client can expect to receive timely communication and tailored advice about their financial situation.

The expert financial team at The Callen Accounting Group prides itself on strong partnerships with their clients and a reputation for delivering personalized services. Give them a call at (870) 425-6066 or visit them online to learn more about their accounting services.

Announcements & Events from The Callen Accounting Group, PLLC
Health Savings Accounts For Your Small Business, Mountain Home, Arkansas
Health Savings Accounts offer a way to set aside money on a pre-tax basis to pay for qualified medical expenses.  Here’s a review at what an HSA could mean for your business, more
Do You Want To Withdraw Cash From Your Closely Held Corporation At A Low Tax Cost?, Mountain Home, Arkansas
Are you the owner of a closely held corporation and want to take cash out?  For tax purposes, you probably want to avoid a dividend distribution.  Here are some alternatives read more
Should I Cash Out My 401(k)?, Mountain Home, Arkansas
If you’re like most Americans, you might not have a hefty savings account to fall back on in times of duress. Therefore, when hit with high medical bills or emergency home more
Tax Responsibilities If Your Business Is Closing Amid The Pandemic, Mountain Home, Arkansas
There are a number of tax obligations that must be met when a business closes its doors.  Sadly, because of COVID-19, many businesses are facing this reality.  Here are more
Understanding The Passive Activity Loss Rules, Mountain Home, Arkansas
The passive activity loss rules can be complex and trip up some taxpayers.  Here are the rules read more
Entrepreneurs: Don’t ignore saving for retirement.  Here are the basics of tax-favored plans to help build your nest egg. read more
Employees pay Social Security tax on their wages up to the current tax year’s “wage base.”  The Social Security Administration just announced the base amount for 2021. Click more
Charity work is essential for helping individuals in need, advancing global causes, and bringing awareness to important issues. However, widespread concerns about the more
Getting a letter from the IRS that your tax return is being audited may strike fear into the hearts of business owners.  But the more you know about IRS audits, the better you more
The tax rules for treating computer software costs can be complex.  Here’s a basic explanation. read more
There are many advantages to Health Savings Accounts (HSAs).  Here are a few of them, along with the HSA inflation-adjusted amounts for the 2021 calendar year. read more
If you filed for a tax extension in 2020, this is your reminder the deadline of October 15, 2020 is approaching fast! For over 45 years, The Callen Accounting Group, PLLC has been more
Depreciating assets involves a complex area of tax law with implications for transactions other than simple asset acquisitions.  Here’s a rundown of some important points about more
Charitable giving is a great way to use your income to support worthy causes. Charitable contributions are encouraged in the tax law by providing incentives like personal deductions more
The IRS has issued guidance to implement the deferral of the employee share of Social Security tax.  But employers still have questions and concerns about whether, and how, to more
If you hold an interest in a business, or may do so in the future, be aware that the CARES Act has made changes to excess business losses. For more information click here. read more
If your business receives large cash or “cash equivalent” payments, you may have to report the transactions to the IRS.  Here are the details. read more
You may have heard the President has taken executive action to defer the employee portion of some workers’ Social Security taxes.  Here’s a look at the issue. read more
Under section 501(c) of the IRS tax code, qualifying nonprofit organizations do not have to pay certain kinds of taxes. A nonprofit is generally an organization that works to more
Businesses that received PPP loans should be aware of the tax consequences.  Here’s a look at the issue. read more
Partnerships and partners are taxed differently than corporation.  In some cases, partners may be taxed on more partnership income than was distributed to them from their more
For hundreds of years, businesses have engaged in bartering.  It’s popular during times of economic downturns, which many businesses are suffering now due to COVID-19. more
A tax form that used to be filed back in the 1980’s is coming back for 2020.  Here’s what businesses need to know. read more
President Trump has proposed increasing the amount that can be deducted for business meal and entertainment expenses.  While it’s unclear if a law could pass that would enhance more
If you take out student loans to pay for college-related expenses, you are probably wondering what to do with this information on your next tax return. Use this guide to get some more
In the midst of the COVID-19 crisis, some entrepreneurs are kicking off new businesses.  Here’s how start-up expenses must be handled on a federal tax return. read more
The CARES Act which passed in 2020, includes some retroactive tax relief for businesses.  Some provisions may be beneficial on a tax return that hasn’t been filed yet (or you more
When it comes to executive compensation, C Corporation owners need to keep it “reasonable.”  Here’s why. read more
Whether you’re assessing your finances after the impacts of COVID-19 or filing your tax return, understanding what to expect regarding the stimulus check can help you better more
A meticulous approach to keeping business records can protect your tax deductions and help make an audit much less painful. Contact us for assistance. read more
Nobody wants their identity stolen, especially when it comes to putting their hard-earned money at risk. Aside from giving your accountant additional hurdles to get your taxes in more
If you get a PPP loan and use the proceeds on certain expenses, the loan amount will be forgiven.  Can you then deduct the expenses on your tax return?  The IRS answers more
Food and financial insecurity have increased during the coronavirus (COVID-19) pandemic.  If your business is donating to charity to help ease the pain, you may be eligible for more
The CARES Act includes favorable changes to the rules for deducting net operating losses (NOLs).  Here’s how. read more
The Work Opportunity Tax Credit was set to expire on December 31, 2019.  But a law passed late last year extends it through December 31, 2020.  Here’s how employers can more
The coronavirus (COVID-19) crisis has resulted in unprecedented challenges for employers.  Here are the details of some relief from the federal government. read more
Due to the widespread disruption caused by COVID-19, the IRS has extended this year’s tax filing deadline until July 15th. While having a few extra months to file a tax more
A drafting error by Congress meant that some improvements to interior parts of nonresidential buildings had to be deducted over 39 years.  But a new law that provides COVID-19 more
As a business with employees, you may have questions about the new employee retention tax credit.  Here are some answers. read more
Another coronavirus (COVID-19) law has been enacted and it provides some relief to businesses and employers suffering.  This article provides some highlights. read more
In response to the coronavirus (COVID-19), Congress and the IRS have recently provided tax relief to businesses.  Here’s a brief rundown. read more
Do you operate your business from home or perform certain functions at home that are related to your business?  You might be able to claim home office deductions on your tax more
No one wants to pay more taxes than necessary, but the complexity of the code causes many taxpayers to leave money on the table. Having a professional help with your tax return& more
If you conduct your business as an S-Corporation, you’ll be subject to income tax, but not self-employment tax, on your share of the S corporation’s income.  Could this be the more
There are many ways to conduct a business for tax purposes, including as an S corporation or a partnership.  But many new ventures start out as sole proprietorships.  Here more
With April 15 right around the corner, many taxpayers are concerned about making the filing deadline. If you’re unsure whether your tax return will be completed in time, there’ more
Employers in the food and beverage industry may be eligible for a valuable tax break with the FICA tip credit.  Here’s how it works. read more
How much can your employees contribute to 401(k) plans this year?  How much do employees have to earn in 2020 before they can stop paying Social Security tax?  Here are more
Your business can generally claim vehicle expense deductions by either calculating the actual expenses or using the IRS’s standard mileage rate, which has decreased slightly for more
After W-2s and 1099s arrive, the countdown until the April 15 federal tax filing deadline is officially on. For some small business owners and individuals, the tax season can be more
Small businesses: The Setting Every Community Up for Retirement Enhancement Act (SECURE Act) was recently signed into law.  It has provisions that may be of interest to you if more
Good news for businesses and employers: A new law provides federal tax relief.  Here are five highlights. read more
Does your business make online, phone or mail-order sales in states where it lacks a physical presence?  If so, it’s critical to find out if those states have economic nexus more
Your business faces a variety of tax-related deadlines in the first quarter of 2020.  Click here for more details. read more
There may be ways your small business can save on 2019 taxes.  Here are a few….but you must act before New Year’s Day. read more
How can your business save tax before year end?  If you buy eligible assets and place them in service by December 31, you can claim valuable depreciation deductions.  It’s more
A lot of the frustration that accompanies filing yearly tax returns comes down to poor organization and trying to locate all the tax-related documents you need. Whether you’re more
Has your small business paid independent contractors, vendors or others at least $600 for services during 2019?  Here are the reporting requirements you may face. read more
Cost segregation studies can yield substantial benefits, but they’re not right for every business.  Learn more about how this strategy can help accelerate depreciation more
Many people may not worry about tax preparation until April arrives. However, it’s better to prepare returns much earlier to limit stress, mistakes, and late filing penalties. more
These are several factors to consider when a business converts from C corporation to S corporation status.  Here is what you should understand. read more
Unemployment taxes can cost your business a bundle.  That is especially true if a lot of former employees file unemployment claims against your business.  Fortunately, you more
Health Savings Accounts offer a flexible, tax-advantaged option for providing health care coverage.  Employers and employees can benefit.  Here’s a look at what an HSA more
Although you’re probably excited about the approaching holiday season, the one to follow—tax-filing season—isn’t quite as well-liked. By being proactive, however, you can take more
As a business owner, are you worried about being audited by the IRS?  Here’s what you need to know to be prepared for an audit and respond effectively. read more
Nearly every business has a website and the IRS hasn’t yet released official guidance on the tax treatment of website development costs.  However, you can apply existing more
Dividends paid out by corporations are taxable to shareholders and can’t be deducted by the corporation.  But there are ways to get cash out of your corporation without more
There are many retirement plan options for small business owners and their employees.  Here’s a rundown of three of them. read more
Contributing to an IRA (individual retirement account) allows you to invest and grow retirement funds tax-deferred until you make a withdrawal. Any money you put into a more
For businesses, fall means it’s time to begin year-end planning.  It’s also time to think about the fourth quarter 2019 filing deadlines. read more
For many business owners, a company car is a sign they’ve achieved success.  Here are the basic tax breaks and tax implications involved in this fringe benefit. read more
One of the most popular business structures is the S corporation because of its liability protection and tax benefits.  Could it work for you?  Find out here. read more
It’s never too early to start thinking about retirement and how you’ll manage financially without an income once you’ve stopped working. Regularly contributing to a 401(k) plan lets more
Is your small business accepting or suing bitcoin or other virtual currencies yet?  Familiarize yourself with the tax consequences, because the IRS is targeting users who fail more
If the names and Social Security numbers on your employees’ W-2 forms don’t match the government’s records, you may receive a “no-match letter.”  Here’s what these letters mean more
If you run a business from your home or are otherwise self-employed and use part of your home for business purposes, the home office deduction may provide a valuable tax break. more
As an employee, if you aren’t regularly monitoring your pay stubs and reviewing your earnings, withholdings for taxes and insurance, and retirement contributions, you more
Before conducting an audit, IRS examiners do their homework by reviewing “Audit Technique Guides.”  Business owners and executives can easily read the same guides. read more
Tax extensions are given to individuals who can’t file their tax returns by the April 15 due date. Extensions give you and your accountant until October 15 to prepare an accurate more
The Section 179 deduction and bonus depreciation for business assets have been increased and expanded.  Learn more about these valuable tax breaks. read more
Business owners have been engaging in bartering transactions for hundreds of years.  But if your company trades goods or services today, be aware there are tax consequences. read more
Like many major life events, divorce can have major tax implications.  And if you own a business, the stakes are higher. read more
In the past couple of years, major changes have been made to the taxation of both C corporations and pass-through entities Including sole proprietorships).  So what’s the best more
Although you might want to enjoy the lazy days of summer, employers and businesses shouldn’t take it so easy that they miss these important Q3 2019 tax deadlines. read more
New hires from certain disadvantaged “targeted” groups may qualify your business for the Work Opportunity Tax Credit.  Here’s an overview of this potentially valuable tax break, more
Are you going on a business trip within the United States this summer?  You might be able to add on some vacation days and deduct some of your expenses. Click here for more
If you work for someone else, your employer calculates your taxes and withholds the appropriate amount from each paycheck. However, the amount your employer deducts depends on the more
A Roth 401(k) can be a valuable retirement savings option to add to your company’s benefits package.  But make sure employees use it. Visit here for more information. read more
Are you a business owner with teenage or college-age children who constantly need money?  Make them earn the money by hiring them.  You can save taxes and reap other more
Although you may have several years of work ahead of you before reaching retirement, it’s never too early to start preparing for the transition. The sooner you begin getting your more
If you spend money in the course of doing business, you want to be able to write it off on your tax return.  But in order to be deductible, expenses must meet certain more
Starting a new business can be a hectic, exciting and expensive time.  Be aware that not all start-up expenses can be deducted on your tax return right away.  Some may more
Failure to properly treat workers as independent contractors can be an expensive mistake for employers.  Take a look at ways to proactively plan ahead. read more
The treatment of food, beverage and entertainment expenses became more complicated after the Tax Cuts and Jobs Act.  Here’s how to get the biggest tax-saving bang for your more
For many, retiring is an opportunity to simplify your life and spend the golden years doing things you love. However, while your daily life might get easier, tax preparation more
Does the April 15 filing deadline apply to your company?  What additional tax deadlines are thee for businesses and employers during the second quarter of 2019?  Find out! read more
With April here, many people are trying to wrap their heads around the most recent changes to the tax code and how it will affect them. While the majority of these changes fall more
There’s a family and medical leave credit that could be an attractive perk for your company’s employees.  But there are rules and restrictions and it’s only available for two more
People often assume retiring will simplify their tax situation. In reality, though, it merely modifies it. Stepping out of the workforce is a major change, but one that more
Are you wishing you’d set up a retirement plan for your small business for 2018?  Believe it or not, you may still be able to do so, and also reduce your 2018 tax liability!& more
When deciding whether to lease or buy a fixed asset, there are a multitude of factors to consider, including tax implications. read more
Friends, Romans and countrymen, lend me your ears: All ye who must file a partnership or S-Corporation tax return, watch out for this tax deadline. read more
Business owners may be able to save tax with the home office deduction.  But will you save more by claiming actual expenses or using the simplified method?  Find out more. read more
LLC members may be subject to back taxes and penalties if they underpay self-employment tax.  Find out if you could be at risk. read more
Most C corporations are seeing a significant tax cut under the Tax Cuts and Jobs Act.  But there are still certain tax vulnerabilities for these entities that haven’t changed more
Enhanced depreciation-related tax breaks for certain business real estate investments, such as qualified improvement property, may offer substantial savings when you file your 2018 more
Do you know what the Section 179 expensing limit is for 2019?  Or how much you can allow your employees to contribute to their 401(k) plans this year?  Find out these more
Tax season is here again, which means it’s time to start collecting your income documentation and scheduling an appointment with your tax accountant. Having a professional take care more
Businesses generally can determine their vehicle expense deductions either by calculating the actual expenses or using the IRS’s standard mileage rate, which has increased for 2019.& more
Your exit strategy may not be the first thing that comes to mind when thinking about tax planning for your business.  But it should be a key element.  Find out why. read more
With the new year comes the need for small-business owners to begin thinking about their 2018 income tax returns.  The TCJA could significantly alter your tax liability more
A lot has changed for businesses when it comes to filing their 2018 income tax returns.  But one thing that hasn’t changed is the multitude of tax-related deadlines businesses more
Is your business taking every possible step to reduce its 2018 income tax liability?  There’s still time to act. Here are some ideas. read more
If you’re thinking about giving holiday gifts to employees or customers or throwing a holiday party, be sure to consider the tax consequences, both for you and for the recipients of more
Your tax return may not be due until the middle of April, but that doesn’t mean you should wait until March to start gathering essential documents. One of the main purposes of more
If your home or business has been damaged or destroyed in a natural disaster, contacting your trusted accountant is likely the last thing on your mind. While paying your taxes more
Usually, if a business’s receivables exceed its payables, the cash method of accounting will allow more income to be deferred for federal tax purposes than will the accrual method.& more
Setting up a retirement plan provides small business owners with many tax and nontax benefits.  But time is running out to set one up for 2018.  Find out more. read more
Investing in business assets is a traditional and powerful year-end tax planning strategy, and it make even more sense in 2018.  Here’s why. read more
An installment sale can offer tax and other benefits to a business owner selling his or her company.  But it has tax risks, too.  Learn more. read more
The tax treatment of fringe benefits varies.  Many types are tax-free to employees, the TCJA has changed the tax treatment of some benefits.  Here’s what small businesses more
On January 1st of this year, new tax rates went into effect that will result in sweeping changes for taxpayers. Understanding changes to tax rates and other areas is crucial to more
Business tax identity theft occurs when a criminal uses the identifying information of a business to obtain tax benefits or to enable individual tax identity theft schemes. more
Whether you’re a small business owner or have worked for the same company for years, tax time can always be a source of stress. Not only do you have to account for your earnings and more
Kids are back in school, the days are getting shorter, pumpkin spice everything.  It must be fall!  For businesses, that means it’s time to begin year-end tax planning.& more
Changes under the TCJA make travel expense reimbursements even more attractive to employees.  But your business must follow IRS rules so you and your employees can enjoy more
The availability of the cash method of accounting for tax purposes has been expanded by the TCJA.  If your business is currently using the accrual method, it might be time for more
While your tax filing deadline may seem a long way off, April 15 will be here before you know it. Getting financial documents organized and learning about any changes that more
A Tax-Advantaged Retirement Plan Solution for Small Businesses SIMPLE IRAs are available to businesses with 100 or fewer employees.  As the name implies, these plans are more
The S-Corporation has been one of the most popular business structures, due to its combination of liability protection and tax benefits.  But that might be changing. more
The TCJA has narrowed the scope of who can claim the home office deduction.  But certain business owners and self-employed taxpayers may still be eligible.  Find out if more
The TCJA allows qualifying noncorporate owners of pass-through entities to deduct as much as 20% of qualified business income.  But once taxable income exceeds $315,000 for more
Business meal, vehicle and travel expense deductions can be a hot button for the IRS.  Is your business properly documenting them?  Click here to find out more. read more
Effective tax preparation is important If you own a business, plan to itemize your deductions, or want to maximize your refund. Preparing for taxes early ensures you won’t miss out more
Fun Fact: Sit back and enjoy your frequent flyer miles. read more
Small-business owners can face a harsh penalty if payroll taxes aren’t remitted to the federal government.  Learn about your obligations and whether you could be personally more
In late June, the U.S. Supreme Court expanded the ability of states to collect sales tax from out-of-state online retailers.  If your business makes online sales to more
The TCJA makes major changes to the taxation of both C corporations and pass-through entities.  Are pass-throughs still usually the best choice for small businesses? Visit more
After a busy winter and spring, you and your employees might be trying to take it a little easy this summer, perhaps using some vacation time or working shorter days.  But don’ more
Tax rates are changing in 2018. Whether you’re a small business owner or a dedicated employee working to support the family, it’s important to be prepared for changing rules more
Just the mention of taxes is enough for most individuals and business owners to feel stressed. Taxes are complicated and accompanied by numerous laws that are impossible to fully more
If your business sponsors a 401(k) plan for its employees, it’s important to keep up with tax developments related to such plans.  For example, the Tax Cuts and Jobs Act and more
Business owners with children who are students in their teens or early 20s can save taxes by hiring them for the summer.  Learn more. read more
Pass-through business owners: When can losses be deducted?  How much can you deduct in any given year? The TCJA has changed some rules and you won’t find the changes more
If you go on a business trip within the United States and tack on vacation days, you might be able to deduct some of your expenses.  Here’s what you need to know. read more
It’s easy to accumulate a mountain of paperwork (physical or digital) from years of filing tax returns.  Click here are some guidelines to help small businesses determine what more
Last December’s tax reform law reduces or eliminates tax breaks in 4 employee benefit areas of note.  But on the plus side, it creates a tax credit for providing paid family more
Fun fact: What’s the connection between the dollar and the Spanish peso?  Click here to find out.   read more
Filing tax returns can be a frustrating part of owning a business, especially if you’re trying to do everything yourself. Hunting down receipts and misplaced records is more
If your business made building or equipment repairs last year, the cost might be fully deductible on your 2017 tax return.  But it might not be …… For more information click more
As an Arkansas business owner, tax preparation is most likely on your mind this time of year. Many people are also concerned about newly implemented tax laws and how they will more
It's not too late for business owners to set up a retirement plan for 2017 and save tax when they file their 2017 return.  How?  With a Simplified Employee Pension (SEP). more
Is your employer withholding enough in taxes.  Click here to find out. read more
Tax software has become more and more popular in recent years. As a result, millions of Americans across the country are doing their taxes on their own. Unfortunately, software is more
Providing employee benefits can help businesses attract and retain the best workers.  But the cost can be out of reach for some small businesses.  Two tax credits can help more
Entertaining clients, providing meals to employees and offering attractive transportation fringe benefits are important to success for many businesses.  Unfortunately, the new more
While many provisions of the Tax Cuts and Jobs Act (TCJA) will save businesses tax, one break it eliminates is the Section 199 deduction.  Often referred to as the “ more
While their top potential tax rate is now much higher than the corporate rate, owners of sole proprietorships, partnerships, S-Corps and LLCs may get a new 20% deduction under the more
Preparing your tax returns can seem daunting, even if you don’t have many income sources or take a lot of deductions. Unfortunately, it’s not just you. According to the IRS, the more
The Tax Cuts and Jobs Act (TCJA) significantly enhances bonus depreciation.  You might even be able to benefit when you file your 2017 tax return. Generally, for qualified more
All of us at The Callen Accounting Group wish you a Happy New Year! We will be closed on Monday January 1st, 2018.  We open to start  Tax Season on Tuesday, more
Most provisions of the Tax Cuts and Jobs Act go into effect in 2018.  Which ones will affect your business?  To find out more click here. read more
The Callen Accounting Group will be closed on Monday December 25th, 2017.  We will reopen at 8:00 am on Tuesday, December 26th, 2017. We wish everyone a Very Merry Christmas! more
Making a business vehicle purchase by December 31st is a traditional year-end tax strategy.  But tax reform could affect whether buying in 2017 or in 2018 makes more tax sense. more
An accounting service is for more than just taxes. In fact, individuals and businesses alike can save a substantial amount of money with professional help. Whether you need more
To avoid interest and penalties, it’s important for businesses to be prepared for upcoming tax-related deadlines.  Make sure you know what’s due in Q1 of 2018.  For more more
Depreciation-related tax breaks can provide significant tax savings.  But keep possible tax law changes in mind as you consider buying assets between now and year end. more
We will be closed on Thursday, November 23rd and Friday, November 24th, 2017 for the Thanksgiving Holiday.  As we near the end of 2017, it may be a good time to do some year more
Running a business is never easy, but outsourcing crucial tasks such as payroll services can take a considerable weight off your shoulders. In Mountain Home, AR, many more
When it comes to tax preparation, getting an early start is best. But when should you start working on your tax return to garner the greatest reward? The Callen Accounting Group, more
HRAs, HSAs and FSAs allow you to offer your employees a tax-advantaged way to fund health care expenses.  Each type of account has its pluses and minuses.  For more more
How to boost the impact of charitable gifts and save more on taxes. read more
The timing of a business’s income and deductible expenses can have a big impact on tax liability.  And timing really may be everything for businesses when it comes to 2017 more
When it comes to handling their taxes, many people struggle with finding the right expert to help them prepare their returns for the year. You’re faced with a choice: work with a more
Year-end tax planning and possible tax law changes aren’t the only tax issues business owners should be considering as we enter the fall season.  It’s also important to be more
Unemployment taxes can be costly, especially if a lot of former employees have filed unemployment claims against your business.  Fortunately, you can reduce your unemployment more
Bookkeeping is an accounting service that focuses on the record keeping of daily expenses and earnings. The goal of the financial process is to provide up-to-date and detailed more
It can be tempting for small businesses to think about taxes only once a year. But your tax accountant in Mountain Home, AR, knows that tax management throughout the year is more
While you may not think about it often, estate planning is a crucial way to ensure your family and possessions are taken care of when you’re gone. By working with a reliable more
Maximizing your cash flow and minimizing financial risks requires accurate, constantly updated information and a detailed understanding of the business laws and tax codes. For more