Louisiana Tax Amnesty 2014 is a one month period for individual and business taxpayers to bring delinquent tax accounts up to date by clearing unpaid tax bills and filing overdue state tax returns. This is completely voluntary and begins on October 15, 2014 and ends on November 14, 2014. Amnesty will be granted only for the eligible taxes to eligible …
“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 …
Matthew Person, CPA Todd Wilson, CPA Person CPA Group 3200 Lake Villa Drive Metairie, LA 70002 (504) 780-8299 Fax 1-800-799-1292www.personcpa.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 year, and it’s in Cleveland.) And …
Matthew Person, CPA Todd Wilson, CPA Person CPA Group 3200 Lake Villa Drive Metairie, LA 70002 (504) 780-8299 Fax 1-800-799-1292www.personcpa.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 factory town, best known for the …
Matthew Person, CPA 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 Championship as the ninth alternate. …
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 …
Claiming someone as a dependent? There are 2 types of dependents: a qualifying child and a qualifying relative. For both types of dependents, the following questions need to be answered: Are they a citizen or resident? The person must be a US citizen, national or resident, or a resident of Canada or Mexico. Foreign exchange students do not qualify unless …
The Premium Tax Credit The premium tax credit can help make purchasing health insurance coverage more affordable for people with moderate incomes. To be eligible for the credit, you generally need to satisfy three rules. First, you need to get your health insurance coverage through the Health Insurance Marketplace. The open enrollment period to purchase health insurance coverage for 2014 …
The IRS and Customer Service If you have ever had to directly call the IRS then you know how difficult it can be to contact them. And it is predicted to only get worse. Be prepared to be very patient. During the fiscal year 2013, the IRS answered only 61% of its taxpayers phone calls. That equated to 20,000,000 ( …
Can you point your company in the direction of financial success, step on the gas, and then sit back and wait to arrive at your destination? Not quite. You can’t let your business run on autopilot and expect good results. Any business owner knows you need to make numerous adjustments along the way – decisions about pricing, hiring, investments, and …
