Entity Choice and Why It Matters for Tax Planning:
You’ve decided to start your own company, but how do you want to be taxed?
In this article, our very own Richard Tullier, CPA discusses some of the key differences between Partnerships and S Corporations.
Over the last few months, you have undoubtedly received emails claiming that you are missing out on hundreds of thousands of dollars in government funds due to the pandemic and that you should act before they expire. Before jumping in, take a look at the items below. Be careful with that email claiming ERC funds; that offer might not contain the full story.
EMPLOYEE RETENTION CREDITS – That offer might not contain the full story Read More »
The idea of selling a business can be daunting: finding a buyer and managing the process all while continuing to run the business may cause owners to wait until they need to sell. An owner can, however, take steps to alleviate the stress and uncertainty of selling, while helping to achieve the best value for the business. In this article, our friends at BDO USA provides recommendations that can position your company for a smoother sale process, whether selling to an internal buyer, a financial buyer, or a strategic partner.
One area of taxation that has seen significant change in the last few years is sales and use tax. Wegmann Dazet’s Allison Civello, CPA explains that due to changes to sales tax nexus, some businesses might not be paying required use taxes, or they might be paying the tax to the wrong jurisdiction, or they might be
The IRS on October 19 issued IR-2022-183, warning employers to be wary of promotions for the employee retention credit (ERC) that sound too good to be true
IRS Urges Caution with Schemes Promising ERC Help Read More »
Our friends at BDO explain that Research & Experimental (R&E) expenditures after December 31, 2021 will no longer be immediately tax deductible. Instead, businesses are subject to mandatory capitalization of R&E expenses – now they must capitalize and amortize these expenditures over a period of either 5 or 15 years, depending where the research takes
MANDATORY CAPITALIZATION OF R&E EXPENSES – THE IMPACT ON LIFE SCIENCES COMPANIES Read More »
Wegmann Dazet Senior Manager Anita Zimmer, CPA, ABV, CFF gives some advice to business owners to be prepared: a hurricane busy season may lead to a business interruption claim. In the public accounting world, we refer to the period of February through April as busy season. With the lingering disturbance along the Gulf Coast
Solar energy Investment Tax Credit aside, solar energy is a popular choice for businesses looking to reduce their carbon footprint through alternative energy sources. In addition to supporting a company’s environmental, social, and governance (ESG) strategy, converting to solar energy potentially can lock-in lower energy rates. Our friends at BDO explain in this article
From the drive-through speaker to QR code menus, restaurant patrons are familiar with technology that streamlines front of house restaurant operations. Recent years have seen increased focus on innovation at the back of house. Though not necessarily visible to the average customer, changes underway will have a profound impact on customer experience. Tech is bringing
Tech is Bringing Efficiencies to Back of House – Restaurant Update Read More »
During the 2021 regular Louisiana Legislative Session, Act 287 was passed for new Louisiana partnership requirements, and Richard Tullier, CPA and Allison Civello, CPA provide this summary. This Act requires all partnerships doing business in Louisiana to file the LA Form IT-565 and thus requires all partnerships to obtain a Louisiana Revenue Account Number.
Legislative Update! Louisiana Partnership Requirements Read More »
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