Pomp and Circumstance

June is Graduation Season, and odds are good that you’ve spent some time seated on a cheap folding chair or arena bleacher watching someone proceed down an aisle in an expensive cap and gown. Commencement speakers will thank the faculty, staff, and parents who made it all possible. But how many of them thank the folks in Washington who drafted …

Who Won the Most at the French Open?

For two weeks every spring, the tennis world focuses its attention on Roland Garros, the Parisian center that hosts the French Open. This year, fans yawned as the dominant Serena Williams cruised to her 20th career major title in the 2015 French Open, defeating the 13th-ranked Czech Lucie Safarova. On the men’s side, fans saw an actual contest, as the …

Bet They Didn’t Think About This

Matthew Person, CPA  Todd Wilson, CPA Person CPA Group 3200 Lake Villa DriveMetairie, LA 70002 (504) 780-8299 Fax 1-800-799-1292 www.personcpa.com Bet They Didn’t Think About This Last week, a New York judge issued writs of habeas corpus on behalf of two chimpanzees named Hercules and Leo, currently living in a research lab at the State University of New York in …

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 through the Health Insurance …

IRS Watchdog Warns Against Agency Impersonators

The IRS watchdog has sent out a warning to taxpayers involving the “largest scam of its kind.” Impersonators are calling taxpayers and demanding immediate payments with a pre-paid debit card, wire transfer, or cash. These impersonators often know the last 4 digits of the victims’ Social Security numbers and threaten to arrest, deport or remove their driving privileges…these are things …

Secretary of State Tom Schedler Warns Businesses About Misleading Letters

Secretary Schedler is notifying all business owners to be cautious when receiving correspondence concerning annual reports. Corporate Records Service, a private company sending out the misleading letters,is not affiliated or associated with Louisiana state government in any way. Any reports sent to Corporate Records Service will not fulfill the annual report due to the Department of State under Louisiana law. …

Blockbuster Taxes

  Matthew Person, CPA David Huff, CPA, PFS, MS Todd Wilson, CPA Person CPA Group 3200 Lake Villa DriveMetairie, LA 70002 (504) 780-8299 Fax 1-800-799-1292 www.personhuffcpa.com Blockbuster Taxes Memorial Day came early this year, and that means we get more time with our summer whites! (Of course, summer doesn’t “officially” start until June 21, but who’s counting?) For millions of …

The Original Tax Shelter

 New York City is the indisputable hub of American capitalism. Its glittering streets are home to the worlds of finance, advertising, fashion, publishing, and even organized crime. The island of Manhattan is home to some of the richest people on the planet, and they own some of its priciest real estate in the world. You would think all those rich …

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 ( yes that’s millions) unanswered phone …

May 2015 Tax Calendar for Businesses and Self-Employed

Fr    1   Deposit payroll tax for payments on Apr 25-27 if the semiweekly deposit rule applies. We  6   Deposit payroll tax for payments on Apr 29-May 1 if the semiweekly deposit rule applies. Fr     8  Deposit payroll tax for payments on May 2-5 if the semiweekly deposit rule applies. Mo 11   Employers:  Employees are required to report to you tips of …