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Profitability

Shoebox full of receipts or an actual tax plan?

July 21, 2014

Matthew Person, CPA David Huff, CPA, PFS, MS Todd Wilson, CPA Person Huff CPA Group 3200 Lake Villa Drive Metairie, LA 70002 (504) 780-8299 Fax 1-800-799-1292 www.personhuffcpa.com Cleveland Rocks! Cleveland, Ohio has historically been one of America’s most populous and productive cities, peaking as the fifth-largest back in 1920.  Today, “C-Town” is a shadow of […]

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Wanna Bet?

June 25, 2014

Matthew Person, CPA David Huff, CPA, PFS, MS Todd Wilson, CPA Person Huff CPA Group 3200 Lake Villa Drive Metairie, LA 70002 (504) 780-8299 Fax 1-800-799-1292 www.personhuffcpa.com Wanna Bet? If   you’re a golfer, you’ve surely heard of “Long John” Daly, renowned   for his distance off the tee. In 1991, he roared onto the […]

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Small Business Tax Goals

June 17, 2014

Small Business Tax Goals There are many tax planning strategies for small business owners aimed at their individual tax situation and business itself. Regardless of the complexity of the tax situation, one of the following goals will be accomplished: Reducing the amount of taxable income Lowering your tax rate Controlling the time when the tax […]

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Louisiana Tax Amnesty 2013: A Fresh Start

August 23, 2013

Between September 23, 2013 and November 22, 2013, Louisiana taxpayers will be able to officially apply for tax amnesty and submit payment for all tax periods that are outstanding. Secretary of the LDR, Tim Barfield says,  Ã‚ Ãƒ¢Ã¢â€š¬Ã…“This is the time for all Louisiana taxpayers to get a fresh start with their taxes.  We have worked […]

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Keeping Financial Records Safe During Hurricane Season

July 15, 2013

It’s that time of year again along the Gulf Coast…hurricane season.  Katrina taught us all to have plans made in advance for evacuation…it also taught us to have our records and important documents safely secured.  Here are 5 tips from the IRS to help protect your important records in case of a hurricane or natural […]

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A Tax- Deductible Vacation

July 6, 2013

âہ“ I sure would like  to write off my vacation.”  This is a common thought among the self-employed as well as the employee.  As long as your expenses are necessary and ordinary for your business or trade, you can deduct them, or portions of them. These expenses include round-trip travel expenses and the cost of […]

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Louisiana Hurricane Preparedness

May 7, 2013

 The 2013 Louisiana Hurricane Preparedness Sales Tax Holiday is May 25 and May 26! On these 2 days, eligible purchases will be exempt from the 4% state sales tax.  This exemption applies to the first $1500 of the purchase price of each item. Eligible items include: self-powered light sources, such as flashlights and candles batteries(AAA,AA,C,D,6volt, […]

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Home Office Deductions Simplified

March 11, 2013

One of the most valuable business deductions, yet most overlooked deductions, is the home office.  Often business owners fail to claim their home office because keeping track of the expenses is time consuming and because they are afraid it sends a  “red flag” to the IRS. Did you know that the IRS has released new […]

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Great Ways to Increase Productivity During a Recession

October 23, 2012

I think we would all agree that economically, times are hard.  Are you like one of the many businesses struggling to remain  profitable, or even keep your doors open? Ã‚ Are you trying to find ways to deal with economy in unique ways? Ã‚ The following ideas are technology-based and easy to implement. Technology, during these economically hard times, is […]

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