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PHISHING ALERT: Fake QuickBooks Email

November 10, 2016

Several of our staff members recently received emails that claimed to be from QuickBooks and wanted us to follow a sign-in link, presumably so that we could enter our credit card information to ‘subscribe’ to QuickBooks. The email was designed to look very genuine and as you can see by enlarging this image, many of […]

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New I-9 Form Available November 22nd

October 28, 2016

The Immigration Reform and Control Act of 1986 required employers to verify that all newly hired employees present documentation verifying the employee’s identity and legal authorization to accept employment in the United States. The I-9 (“Employment Eligibility Verification”) form must be completed by every employee hired after November 6, 1986. On Aug. 25, the Office […]

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Year-end Tax Planning: Section 179 Deductions

October 19, 2016

Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the 2016 tax year. That means that if you buy (or lease) a piece of qualifying equipment, you can deduct the FULL PURCHASE PRICE from your gross income. The “Protecting Americans […]

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Tips for Small Business Year-End Tax Planning

October 11, 2016

Planning is the key to successfully and legally reducing your tax liability and is a critical part of a small business owner’s financial plan. Yet, the majority of small business owners ignore tax planning. There are many tax planning strategies available to small business owners – below are a just a few: Review Your Expenses:Check […]

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State Sales Tax Refunds Available For Personal Property Destroyed In Floods

August 30, 2016

Louisiana taxpayers can claim refunds for state sales taxes paid on personal property destroyed by a natural disaster in a parish declared a federal disaster area. The following parishes were declared federal disaster areas following severe storms and flooding in March 2016: Allen, Ascension, Beauregard, Bienville, Bossier, Caddo, Calcasieu, Caldwell, Catahoula, Claiborne, DeSoto, East Carroll, […]

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Filing Extensions Available To Louisiana Taxpayers Affected By Flooding

August 17, 2016

A one-month filing and payment extension for Louisiana state taxes is available to Louisiana taxpayers affected by recent severe storms and flooding. The extension applies to Louisiana tax returns and payments due August 15, 2016. The extended deadline is September 15, 2016. For returns and payments submitted by the extended deadline, the Louisiana Department of […]

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10 Tips for Deducting Losses from a Disaster

August 5, 2016

We have been experiencing major flooding in Louisiana this week. If you suffer damage to your home or personal property, you may be able to deduct the losses you incur on your federal income tax return. Here are ten tips you should know about deducting casualty losses: Casualty loss. You may be able to deduct […]

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State Solar Energy Tax Credit Limit Has Been Reached

July 21, 2016

The amount of claims already submitted for Louisiana’s solar energy system tax credit exceeds the amount of money available to pay claims on purchased systems through the scheduled end of the credit program on December 31, 2017. Consumers purchasing residential solar energy systems from this point forward should not expect to receive tax credits from […]

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I Got a Notice From the IRS – What Should I Do?

July 13, 2016

The IRS will send a notice or a letter for any number of reasons. It may be about a specific issue on your federal tax return or account, or may tell you about changes to your account, ask you for more information, or request a payment. Before you proceed, check where the notice came from […]

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