News

Louisiana Sen. Bill Cassidy takes the Jimmy Kimmel test

Source: nola.com - May 9, 2017

Sen. Bill Cassidy, R-La., turned a coined phrase into prime-time television Monday (May 8), earning an invitation to "Jimmy Kimmel Live" to talk about his reservations with the House proposal to... Read more >

Category: General Business

New ways to raise money in Louisiana, reshape income tax code moving to House now

Source: theadvocate.com - May 9, 2017

Measures that would raise money – and give the Louisiana Legislature ways to address a huge budget deficit next year – advanced to the House floor after the Ways and Means Committee approved a... Read more >

Category: General Business

Tax preparer, previously convicted of fraud, arrested on new felony charges

Source: rev.state.la.us - May 9, 2017

April 10, 2017 BATON ROUGE – The owner of a chain of tax preparation businesses faces multiple felony charges for schemes to defraud the state of payroll taxes and inflated income tax... Read more >

Category: General Business

How Trump’s health care bill would impact your taxes

Source: marketwatch.com - May 8, 2017

Last week, the GOP-controlled House passed the American Health Care Act -- the AHCA -- to “repeal and replace” Obamacare. However, the bill still has to get through the Senate to become law,... Read more >

Category: General Business

Louisiana income tax filing deadline is Monday, May 15

Source: arklatexhomepage.com - May 8, 2017

The Louisiana Department of Revenue recommends filing electronically for the fastest, most error-free return processing. With Louisiana File Online CLICK SOURCE ABOVE TO READ ENTIRE ARTICLE Read more >

Category: General Business

Much-maligned inventory tax faces possible phase-out, but powerful forces oppose proposed alternative

Source: theadvocate.com - May 8, 2017

Academics and business groups have long knocked Louisiana’s tax on inventory — goods that businesses have on hand for sale. Now a state senator wants to phase out the unpopular tax over 10... Read more >

Category: General Business

Major changes ahead for sales tax compliance

Source: taxprotoday.com - May 3, 2017

The future of sales tax compliance is digital, and governments are playing a major role in driving the change, Avalara CEO Scott McFarlane is warning companies and their tax advisors. Speaking at... Read more >

Category: General Business

Even Families Making $100K Won’t Be Better Off Under New Tax Plan

Source: nbcnews.com - May 3, 2017

The Trump administration's single-page tax plan might be light on details, but tax experts say it's likely that upper-middle-class families, especially those living in blue states, could take a... Read more >

Category: General Business

Solar energy tax credits see new light in Louisiana Legislature

Source: nola.com - May 3, 2017

A state legislative committee moved Monday (May 1) to fix one of its "broken promises" by unanimously passing a bill to pay solar energy systems tax credits still owed before it put a cap on the... Read more >

Category: General Business

Statewide rules for Uber, Lyft in Louisiana clear first hurdle in Legislature

Source: theadvocate.com - May 3, 2017

Legislation that would set up statewide rules for Uber, Lyft and other ride-booking services was approved Monday by a Louisiana House committee despite criticism from some of the state's most... Read more >

Category: General Business

House Committee Votes To Fully Fund TOPS

Source: kpel965.com - May 2, 2017

There is obviously a virus going around Baton Rouge. In my mind, this virus must destroy the mind of politicians and inject the slightest amount of common sense and forethought. My reason for... Read more >

Category: General Business

ETH can now be deposited in your Retirement Fund

Source: insidebitcoins.com - May 2, 2017

BitcoinIRA.com recently launched the Ethereum Individual Retirement Account (IRA) investment product allowing people to invest money in a “self-directed” IRA. It holds Ethereum as retirement... Read more >

Category: General Business

Which IRS Violations Are Evasion Or Willful Depends On The Facts

Source: forbes.com - May 2, 2017

The tax law distinguishes between non-willful and willful conduct. Willfulness involves a voluntary, intentional violation of a known legal duty. In taxes, it applies to both civil and criminal... Read more >

Category: General Business

Understanding a Federal Tax Lien

Source: irs.gov - May 2, 2017

A federal tax lien is the government’s legal claim against your property when you neglect or fail to pay a tax debt. The lien protects the government’s interest in all your property, including... Read more >

Category: General Business

A possibility: Temporary extension of Louisiana's temporary sales tax might be temporary fix

Source: theadvocate.com - May 1, 2017

Nobody in the State Capitol says they want to renew a temporary 1-cent increase in the sales tax that is scheduled to expire in mid-2018. “I continue to believe that (it) should roll off the... Read more >

Category: General Business