News

Bills would boost state's entertainment tax credits

Source: shreveporttimes.com - May 17, 2017

BATON ROUGE – Tipping its hat to the entertainment industry, the House on Ways and Means Committee favorably moved four bills to the full House chamber on Monday that tweak movie tax credits for... Read more >

Category: General Business

Trump aides try to steer tax reform on Capitol Hill

Source: money.cnn.com - May 16, 2017

As President Trump struggles to move on his policy agenda, top administration officials are headed to Capitol Hill Wednesday to talk about tax reform with a group of moderate House Republicans.... Read more >

Category: General Business

Talking Taxes: These are the top reasons taxpayers owed the IRS

Source: standard.net - May 16, 2017

This tax season, I came across two frequent situations in which taxpayers owed the IRS. Each of these situations can be avoided if the taxpayers will make changes throughout the year. Situation... Read more >

Category: General Business

If You Pay Ransom, Write It Off On Your Taxes

Source: forbes.com - May 16, 2017

If you pay hackers ransom to keep your business operating, is it tax deductible? Whether personal or business, it probably is, although the type of deduction can vary. The IRS defines a theft as... Read more >

Category: General Business

Today Is The Deadline To File Louisiana Income Tax Returns

Source: kpel965.com - May 15, 2017

In a cash-strapped state like Louisiana is you can bet the Department of Revenue will be waiting for your check in the mail. With that being said you better be finding a stamp and filing that tax... Read more >

Category: General Business

IRS execs: Our lives at risk in tea party case

Source: cincinnati.com - May 15, 2017

Details about tea party bias claims against the IRS could remain secret because current and former agency officials say their lives are in danger if they publicly testify about the case. Lois... Read more >

Category: General Business

Cable television won't be taxed, but Netflix will, under revised Louisiana sales tax proposal

Source: nola.com - May 12, 2017

Cable and satellite television service would not be taxed in Louisiana under the latest proposal by Gov. John Bel Edwards and the chairman of the House Democratic Caucus to raise revenue in a state... Read more >

Category: General Business

Kenner opposes Uber bill in Louisiana Legislature

Source: nola.com - May 12, 2017

The Kenner City Council passed a resolution Thursday (May 4) asking its state legislative delegation to oppose House Bill 527. It proposes state oversight for ride-booking companies such as Uber... Read more >

Category: General Business

Australia Will Recognize Bitcoin as Money and Protect Bitcoin Businesses, No Taxes

Source: cointelegraph.com - May 12, 2017

Bitcoin will be treated as money in Australia by July 1, 2017, and will be exempt from goods and services tax (GST). Bitcoin traders and investors will not be taxed for purchasing and selling... Read more >

Category: General Business

Pass-Through Tax Cut May Impact Small Business Owner Retirement Savings Strategies

Source: forbes.com - May 11, 2017

President Donald Trump’s plan to cut the tax rate to 15 percent for so called pass-through businesses, such as partnerships, LLCs and S Corporations, will help many small business owners reinvest... Read more >

Category: General Business

Gov. Edwards: House Committee blocks tax cut for 90 percent of Louisianans

Source: myarklamiss.com - May 11, 2017

BATON ROUGE, La. (WVLA) - Gov. John Bel Edwards issued the following statement after the House Ways and Means Committee blocked legislation that would provide a tax cut for 90 percent of individual... Read more >

Category: General Business

Could a flat tax rate be coming to Louisiana?

Source: theadvertiser.com - May 11, 2017

BATON ROUGE — The House Committee on Ways and Means Monday moved without opposition legislation to the House floor for full debate that would dramatically change Louisiana’s tax system. A... Read more >

Category: General Business

Loophole uncovered in Oklahoma’s new online sales tax law

Source: kfor.com - May 10, 2017

OKLAHOMA CITY - Eight in 10 Americans are now shopping online, according to Pew research. Every year, that number goes up as more and more people are choosing the World Wide Web for convenience or... Read more >

Category: General Business

Why your 401(k) is vulnerable as tax reform plays out in Washington

Source: houstonchronicle.com - May 10, 2017

If you are counting on 401(k) savings to keep a roof over your head when you retire, don't take your eye off tax reform negotiations in Washington. Your 401(k) is vulnerable. And worse yet, if tax... Read more >

Category: General Business

Gov. Edwards' Tax Package Takes Another Hit; Bills Rejected. The House tax committee has rejected income tax changes pushed by Gov. John Bel Edwards, dealing another blow to his effort to rewrite Louisiana tax laws.

Source: usnews.com - May 10, 2017

BATON ROUGE, La. (AP) — Lawmakers on the House tax committee Tuesday rejected a package of income tax changes pushed by Gov. John Bel Edwards that were projected to cut Louisiana taxes for most... Read more >

Category: General Business