HTB Launches Employee Assistance Fund

HTB Launches Employee Assistance Fund

The recent flooding directly impacted many members of our staff. We have established an Employee Assistance Fund managed by Baton Rouge Area Foundation to provide hardship assistance to employees of Hannis T. Bourgeois. Click here if you would like to donate. All donations are tax deductible and 100% will go to HTB employees impacted by … Continued

Tax Relief for Louisiana Flood Victims

The Internal Revenue Service (IRS) put forth a tax relief initiative to aid residents and businesses affected by the severe storms and flooding in South Louisiana. This would include certain filing deadline extensions, grants of relief for applicable late payments and claiming casualty losses. The IRS identifies taxpayers located in the covered disaster area and … Continued

DOL Announces Increased Civil Penalties for Violations of Federal Laws

The Department of Labor (DOL) has issued interim final rules that will increase civil penalties assessed to employers for willful violations of the minimum wage, overtime, and child labor provisions in the Fair Labor Standards Act (FLSA), and civil penalties in the Family Medical Leave Act (FMLA). There will also be increased penalties under other … Continued

3 Taxes People Love to Hate

Few people enjoy giving money to the IRS, but some types of taxes are viewed more unfavorably than others. Here are three worthy candidates vying for the title of most-hated tax. Penalty Tax on Individuals without Health Insurance As you probably know, the Affordable Care Act (ACA) imposes a penalty on individuals who fail to … Continued

Retirement Plans Can Be Disqualified for Not Keeping Up with Changes

It’s not unusual for the IRS to conduct audits of qualified employee benefit plans. Plan sponsors are expected to stay on top of related changes in the tax law. If the tax agency uncovers compliance errors and the plan sponsor does not fix them, the plan could be disqualified. There are also penalties and fees … Continued

Fight Internal Fraud With 8 Precautions

When you read in the paper that a “trusted employee” has been charged with embezzlement, it can be shocking. But then, of course, it makes sense because the theft involved a trusted employee. An employee who isn’t trusted doesn’t have much of a chance to commit fraud. How can you ensure that internal fraud doesn’t … Continued

Evaluate Receivables with Caution

When you vet your commercial customers for loans, you examine their financial statements to gauge the health of their receivables. You might consider this amount collateral as you proceed with your lending decisions. But don’t be hoodwinked. Some borrowers exaggerate their receivables to get a loan. Savvy bankers, however, know what to look for on … Continued

From Reluctant to Excited: Turn Your Board into Enthusiastic Fundraisers

If your not-for-profit organization expects its board members to play a fundraising role, you probably already know how difficult it can be to motivate them. They’re busy people, and even when they have excellent connections, they’re not always comfortable asking those in their network for money — however noble the cause. Fortunately, there are ways … Continued

From Counting Transactions to Cultivating Relationships

With technology at the forefront of modern communication, more and more people are turning to the Internet to stay abreast of the latest news and information. Likewise, many of today’s consumers use the Internet to find the best prices and to conduct research when they’re planning their next purchase. What does this trend mean for … Continued

Jason Hijuelos Relocates to Expand HTB’s Audit Practice in New Orleans

Hannis T. Bourgeois, LLP (HTB) expands their New Orleans’ audit practice with the addition of Audit Senior Manager, Jason Hijuelos, CPA, CVA, CGMA.    Jason has been a part of the audit department working from the firm’s Baton Rouge office for four years.   He has more than fifteen years of experience in both public and corporate … Continued