New changes to the Federal Audit Clearinghouse data collection form
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How will President-elect Trump’s tax plan affect individuals and businesses?
As President-elect Donald Trump’s inauguration gets closer, businesses and individuals alike wonder how the new administration’s tax policies will affect them.
What you need to know about tax relief and extension deadlines for Louisiana storm victims
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Does Your Employee Benefit Plan Need an Audit?
Employee benefit plans must file an annual independent auditor’s report with the U.S. Department of Labor through a Form 5500, as well as any other applicable schedules and financial statements.
Importance of the statement of cash flows
The statement of cash flows provides answers to the important question “Where did the money go?”
Understanding GASB Statement No. 77
A new regulation from the Governmental Accounting Standards Board will require state and local governments to disclose any tax abatements they offered.
Comfort Letters and Third-Party Verification Requests
Verification letters are often required in application processes that can be of special significance to client’s life. However, in responding to a third party verification, a CPA may violate professional standards.
Complying with Pension Plan Act of 2006 Restatements
Employers must routinely make adjustments to their defined contribution retirement plans in order to stay in compliance with the IRS.
Suspension of Business Utility Exemption Results in 1% Business Tax on Utilities
The Legislature of Louisiana has voted to partially suspend the state sales tax exemption for most business utilities purchases.
Is your employee benefit plan compliant?
It’s more important than ever for employers to determine that their benefit plans adhere to Department of Labor and Internal Revenue Service regulations as these regulatory bodies have become better at identifying businesses that fail to comply with fiduciary responsibilities. That means more and more benefit plan administrators are being hit with fines that can total up to $1,100 a day.
Louisiana’s public entities must stay ahead of clarifications to Act 706
Those who are involved in financial reporting for a public or quasi-public entity in the state of Louisiana must be aware of Act 462 of the 2015 Louisiana Legislative Session which further amends Louisiana Revised Statute 24:513.
Louisiana’s public entities must be aware of Act 706
If you are involved in financial reporting for a public or quasi-public entity in the state of Louisiana, you may not be aware of important revisions to the Louisiana Revised Statutes that went into effect last year.