You Just Need A Plan

Oops! Politicians in Iowa, like politicians everywhere, want to encourage their local economy to grow. (Happy voters lead directly to reelection, of course.) But back in 2008, construction in Iowa, like construction everywhere, had slowed because of the recession. So the Hawkeye state’s legislators did what they thought was a smart thing. As part of an overall reform that raised …

Six Tax Tips for Newlyweds

Wedding season is upon us and after saying “I do” you will have some changes to make. “Financial”  decisions and changes will need to be made in regards to your filing status. Make sure names and social security numbers match your social security administration records.  If you have changed your name, report the change to the SSA with Form SS-5(Application …

Canada’s Lower Corporate Tax Rate Raises More Tax Revenue

I know we have all heard the news reports about Burger King moving their headquarters to Canada.  The Tax Foundation, a non-profit, non-partisan research organization, has written an excellent article addressing Canada and their tax rates.  Please click here to read this article.

Gaming the System?

“Gaming the System”? America’s biggest companies fight like tigers for surprisingly tiny advantages. Grabbing as little as a single extra percent of market share can mean millions in new revenue, especially in popular categories like soft drinks or laundry detergent. The same is true when it comes to taxes. A chief financial officer who cuts his company’s tax rate by …

Managing Your Charitable Donations

Matthew Person, CPA David Huff, CPA, PFS, MS Todd Wilson, CPA Person CPA Group 3200 Lake Villa Drive Metairie, LA 70002 (504) 780-8299 Fax 1-800-799-1292 www.personhuffcpa.com Berkshire Giveaway Someday, the financial wizards who run things on Wall Street will realize there’s “paper to be stacked” opening an Investor Hall of Fame. (Hey, the  Rock and Roll Hall makes $40 million a …

Shoebox full of receipts or an actual tax plan?

Matthew Person, CPA David Huff, CPA, PFS, MS Todd Wilson, CPA Person CPA Group 3200 Lake Villa Drive Metairie, LA 70002 (504) 780-8299 Fax 1-800-799-1292 www.personhuffcpa.com Cleveland Rocks! Cleveland, Ohio has historically been one of America’s most populous and productive cities, peaking as the fifth-largest back in 1920.  Today, “C-Town” is a shadow of its former glory, another Rust Belt …

Wanna Bet?

Matthew Person, CPA David Huff, CPA, PFS, MS Todd Wilson, CPA Person CPA Group 3200 Lake Villa Drive Metairie, LA 70002 (504) 780-8299 Fax 1-800-799-1292 www.personhuffcpa.com Wanna Bet? If   you’re a golfer, you’ve surely heard of “Long John” Daly, renowned   for his distance off the tee. In 1991, he roared onto the scene by winning   the PGA …

Small Business Tax Goals

Small Business Tax Goals There are many tax planning strategies for small business owners aimed at their individual tax situation and business itself. Regardless of the complexity of the tax situation, one of the following goals will be accomplished: Reducing the amount of taxable income Lowering your tax rate Controlling the time when the tax must be paid Claiming any …

Louisiana Tax Amnesty 2013: A Fresh Start

Between September 23, 2013 and November 22, 2013, Louisiana taxpayers will be able to officially apply for tax amnesty and submit payment for all tax periods that are outstanding. Secretary of the LDR, Tim Barfield says,  Ã‚ Ãƒ¢Ã¢â€š¬Ã…“This is the time for all Louisiana taxpayers to get a fresh start with their taxes.  We have worked to make this process very …

Keeping Financial Records Safe During Hurricane Season

It’s that time of year again along the Gulf Coast…hurricane season.  Katrina taught us all to have plans made in advance for evacuation…it also taught us to have our records and important documents safely secured.  Here are 5 tips from the IRS to help protect your important records in case of a hurricane or natural disaster. Back up records electronically …