Dear Client:
In December of 2006, the Louisiana Legislature authorized a refundable income tax credit for LA Citizens assessments that resulted from Hurricanes Katrina and Rita. This credit is available to individuals and businesses who paid the LA Citizens assessments as part of their homeowners or property insurance premium. Read more»
Dear Client:
As 2006 draws to a close, it is time to plan ahead for 2007. In this letter, we’ll examine how recent federal tax legislation may impact your planning. Because every business is unique, we’ll look at the “big picture” in this letter. Remember, our office can help you put together a tax strategy that maximizes every available tax incentive and sets in motion a fluid and dynamic strategy that will deliver results. Read more»
Dear Client:
2006 was another banner-year for tax legislation out of Washington and, in large part, that’s the reason why tax planning is so important. At this time of the year, it’s helpful not only to take a look at some traditional planning techniques but also to examine how these techniques are impacted by the new tax laws. Read more»
This article is in response to client questions regarding wages and per diem allowances. What is taxable? What is non-taxable? What are the rules regarding substantiation of per diem allowances? Read more»
Tax planning is an ongoing process that contractors should monitor throughout the year; however, most tax planning is done from the end of one calendar year through the tax preparation season of the next year when it is too late to really implement any profitable measures. Now is an optimum time to meet with your CPA, review your financial situation and see what you can do to lower your tax bill. Here are a few ideas to consider: Read more»
