Employees are typically reimbursed for business expenses that are ordinary and necessary. Generally, ordinary expenses are considered as common in a line of business where…
For fiscal periods beginning after December 15, 2018, businesses will have to start reporting leases differently on their balance sheets. That’s because the Financial…
LaPorte is a proud sponsor of GiveNOLA Day, a 24-hour, online giving event organized by the Greater New Orleans Foundation to ignite the giving community…
On February 10, 2017, the Louisiana Legislative Auditor (LLA) initiated statewide agreed-upon procedures (AUPs) affecting local governments and quasi-public organizations, including nonprofits. Those affected are…
Serving over 250 nonprofit organizations, LaPorte professionals are always interested in understanding what matters to our nonprofit industry clients – even when outside the broad…
Business owners need to be aware that significant employee layoffs may lead to unintended partial plan terminations. In our region, oil and gas companies could…
As President-elect Donald Trump’s inauguration gets closer, businesses and individuals alike wonder how the new administration’s tax policies will affect them.
In August 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-14 Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit…