News / General Business

Louisiana hit with credit rating downgrade, blow to state

Source: washingtontimes.com - Feb 26, 2016

BATON ROUGE, La. (AP) - Louisiana’s credit rating was downgraded for the first time in more than a decade Thursday, in response to years of budget instability that have left public colleges and... Read more >

Category: General Business

The IRS Says Identity Thieves Hacked Its Systems Again

Source: fortune.com - Feb 11, 2016

Identity thieves attempted to breach computer systems at the Internal Revenue Service to file fraudulent tax refunds. The criminals were especially after E-file PINs, which are used by some... Read more >

Category: General Business

January brings new, rewritten laws in Louisiana with the start of 2016

Source: wdsu.com - Jan 4, 2016

Nineteen new or rewritten state laws go into effect in January. Most of the changes happen on Friday on New Year's Day, but others begin when Gov.-elect John Bel Edwards takes office on Jan. 11.... Read more >

Category: General Business

Congress Easily Clears Massive Omnibus Spending Bill, Avoiding Shutdown

Source: govexec.com - Dec 18, 2015

In con­vin­cing bi­par­tis­an votes, the House and Sen­ate have passed an om­ni­bus to keep the gov­ern­ment fun­ded and a massive pack­age of tax break ex­ten­sions, wrap­ping up a... Read more >

Category: General Business

FinCEN Further Extends Certain US FBAR Deadlines

Source: tax-news.com - Dec 11, 2015

The United States Financial Crimes Enforcement Network (FinCEN) has announced a further extension of time for certain individuals with signature authority over, but no financial interest in, some... Read more >

Category: General Business

Internet Tax Ban Likely To Become Permanent

Source: ww2.cfo.com - Dec 11, 2015

Sen. Ron Wyden, D-Ore., who in 1998 co-authored the original Internet Tax Freedom Act that was set to expire, on Wednesday said a ban on taxes on Internet goods and services, as well as Internet... Read more >

Category: General Business

First NBC Bank expanding market area for New Market Tax Credits

Source: theneworleansadvocate.com - Nov 13, 2015

First NBC Bank in New Orleans has received approval to expand its market area for federal New Market Tax Credits to all of Louisiana, Arkansas, Tennessee, Mississippi, Alabama and the Florida... Read more >

Category: General Business

Louisiana offers tax credits for donors who support early childhood education, but few know about it

Source: theadvocate.com - Nov 12, 2015

Over the past few weeks, donors have pledged $35,000 to help support an agency that provides training and support to people who work with Lafayette Parish preschoolers. The donors are in line for... Read more >

Category: General Business

New HealthCare.gov features won’t be ready when enrollment begins

Source: bnd.com - Oct 26, 2015

WASHINGTON The Obama administration is promising a smoother and more user-friendly shopping experience on HealthCare.gov when the 2016 enrollment season for marketplace health coverage begins on... Read more >

Category: General Business

IRS Gets Tax Data From India As Black Money Hunt Hits Americans Too

Source: forbes.com - Sep 8, 2015

Indian Prime Minister Narendra Modi promised to bring home millions of dollars of illicit money stashed abroad. Indians call undisclosed money ‘black money,’ and how much there is remains... Read more >

Category: General Business

Obama "Very Interested" In Raising Taxes Through Executive Action

Source: townhall.com - Mar 3, 2015

White House Press Secretary Josh Earnest confirmed Monday that President Obama is "very interested" in the idea of raising taxes through unilateral executive action. "The president certainly has... Read more >

Category: General Business

State begins processing tax returns; refunds coming

Source: wbrz.com - Mar 3, 2015

BATON ROUGE - The state has started issuing state tax refunds, it announced Monday. Refunds were withheld for about two weeks so the state could more thoroughly screen tax returns in light of... Read more >

Category: General Business

Tax Season Opens As Planned Following Extenders Legislation

Source: Okay, folks...electronic filing begins on 01 - Dec 30, 2014

IR-2014-119, Dec. 29, 2014 WASHINGTON -- Following the passage of the extenders legislation, the Internal Revenue Service announced today it anticipates opening the 2015 filing season as scheduled... Read more >

Category: General Business

IRS chief: Budget cuts to freeze hiring, cut enforcement

Source: politico.com - Dec 19, 2014

12/17/14 5:52 PM EST The IRS will freeze hiring and stop overtime as a result of the budget cuts just passed by Congress, according to an email obtained by POLITICO. IRS Commissioner John... Read more >

Category: General Business

Website ranks New Orleans and Baton Rouge among top cities for Hispanic entrepreneurs

Source: nola.com - Sep 10, 2014

New Orleans has the 14th best climate for Hispanic entrepreneurs, according to a study by the WalletHub personal finance website. Baton Rouge ranked 9th. The report used data from the Census, U.S.... Read more >

Category: General Business