Internal Controls – What You Can Do

Don’t let employee theft happen to your business; internal controls can help reduce the risk of fraud, as explained by Valerie Lowry, CPA In August 2020 an accountant admitted to stealing more than $7 million from a Louisiana shipping company. Theft by employees happens more frequently than you might think, to companies of all sizes…. Read More

So you received PPP funds…now what?

  So you received the PPP funds you applied for… now what?  You need to determine how to account for the loan, and accounting standards impact financial statements differently. Wegmann Dazet’s Brandon Sekinger explains. As of August 8th, the Small Business Administration reported lending over $500 billion to over five million businesses across the U.S…. Read More

COVID-19 IMPLICATIONS FOR EMPLOYEE BENEFIT PLANS (EBPs)

Will your Employee Benefit Plan be affected by COVID-19? During the pandemic, some companies are experiencing reduced revenues, increased costs, and concerns over whether they can continue to be profitable. As a result, some businesses might find that their Employee Benefit Plans, such as 401(k)s, could use some tweaking. Kathy Flattmann discusses  key COVID-19 implications… Read More

Louisiana Amends Nexus; Adds Marketplace Facilitators

Selling into Louisiana? Allison Civello writes about Louisiana’s amended economic nexus provisions. Starting July 1, 2020, joining other states post-Wayfair, Louisiana amends nexus for sales and use tax responsibilities to include marketplace facilitators. Louisiana now defines nexus as over $100,000 in sales per year or 200+ transactions, to out-of-state sellers and marketplace facilitators. Just over… Read More