2014 Tax Planning for Small Business Owners

Welcome 2014! As the new year rolls around, it’s always a sure bet that there will be changes to the current tax law and 2014 is no different. From health savings accounts to retirement contributions and standard deductions, here’s a checklist of tax changes to help you plan the year ahead. Filing Season Delayed by 10 Days Taxpayers should note …

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QuickBooks Tune-Up

Whether you need to prepare for tax time, a financial review or you just need to clean up some problem areas, you’ll be prepared with a QuickBooks Tune-up.

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Tax Coaching Services

Get small-business specific strategies and concepts for saving tax and ongoing maintenance for changing tax laws.

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Small Business Accounting

Powerful accounting foundations for clients in Chalmette, Metarie, New Orleans and Slidell that help your small business grow and prosper!

Social Security wage base increases to $117,000 for 2014

The Social Security Administration has announced that the wage base for computing the Social Security tax (OASDI) in 2014 increases to $117,000 from $113,700, which was the wage base for 2013. The $3,300 increase, which is about 2.9%, is due to an increase in average total wages. The Federal Insurance Contributions Act (FICA) imposes two taxes on employers, employees, and …

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 …

A Tax- Deductible Vacation

âہ“ I sure would like  to write off my vacation.”  This is a common thought among the self-employed as well as the employee.  As long as your expenses are necessary and ordinary for your business or trade, you can deduct them, or portions of them. These expenses include round-trip travel expenses and the cost of education for improving or maintaining …

Louisiana Hurricane Preparedness

 The 2013 Louisiana Hurricane Preparedness Sales Tax Holiday is May 25 and May 26! On these 2 days, eligible purchases will be exempt from the 4% state sales tax.  This exemption applies to the first $1500 of the purchase price of each item. Eligible items include: self-powered light sources, such as flashlights and candles batteries(AAA,AA,C,D,6volt, 9volt)Automobile batteries are ineligibile cellular …

May 2013 Small Business Tax Dates

Wed 1 Deposit payroll tax for payments on Apr 24-26 if the semiweekly deposit rule applies. Fri 3 Deposit payroll tax for payments on Apr 27-30 if the semiweekly deposit rule applies. Wed 8 Deposit payroll tax for payments on May 1-3 if the semiweekly deposit rule applies. Fri 10 Employers:  Employees are required to report to you tips of …