Putting together the software necessary to collect taxes on internet sales is taking longer than expected, so legislation sitting on the governor’s desk would extend by a year the drop-dead date for the state commission to gather the exact local taxes from out-of-state retailers. Right now, the Louisiana Department of Revenue is collecting 8.45% taxes on sales of goods by …
Ok, you’ve stopped the bleeding from high overhead cost. So why are you still hemorrhaging cash? It could be due to TAXES.  The typical business pays most of these taxes: Income Tax (highest rate of 39%) State Income Tax FICA, or self-employment, taxes (highest 15.3%) Property Tax (about .1% of assessed value) Unemployment Tax (6.2%) Sales Tax (about 9% in LA) …
Sales are the oxygen companies need to survive.  How are your sales? What quantity of product or service needs to be sold monthly to remain viable? Have you budgeted for different sales results? Do you know your breakeven sales amount? At Person CPA Group, we believe business vitality can be measured by examining 5 areas of business. We call the …
The Person CPA Group 5 Point Profitability Checkup The following items are reviewed on a regular basis to pin point ways to help you make more money.  Taxable Income Analysis The first part of the profitability checkup is a review of year to date taxable income. Taxable income is then compared to projections and a determination is made regarding …
