As President-elect Donald Trump’s inauguration gets closer, businesses and individuals alike wonder how the new administration’s tax policies will affect them.
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.
Employers must routinely make adjustments to their defined contribution retirement plans in order to stay in compliance with the IRS.
The Legislature of Louisiana has voted to partially suspend the state sales tax exemption for most business utilities purchases.
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.
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.
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.