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Louisiana’s New Internet Sales Tax Collection System Might Be Delayed Until 2020; Here’s Why

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 …

Does Your Business Cash Flow Need a Tourniquet?

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) …

5 Point Profitability Check-Up

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 …