News / General Business

Local governments still must hold gun sales tax holiday even though the state won't participate

Source: theadvocate.com - Aug 29, 2018

Local and parish taxing authorities — whether they like it or not — are going to have to forgive taxes on the sales of guns and hunting equipment for a holiday that the state created then opted... Read more >

Category: General Business

What the Tax Act Means for Your 2018 Meals and Entertainment Deductions

Source: blog.indinero.com - Aug 29, 2018

Many are still torn on how the Tax Cuts and Jobs Act will help or hurt U.S. small businesses, but there is one change that would have a sweeping effect on most startups: The more rigid restrictions... Read more >

Category: General Business

Impact of the Tax Cuts and Jobs Act on Securities Investors

Source: law.com - Aug 24, 2018

The Tax Cuts and Jobs Act of 2017 (TCJA) did not make any major changes for the taxation of gains and losses from securities transactions. Favorable tax rates continue to apply to capital gains,... Read more >

Category: General Business

New Report Shows Medicaid Expansion Cuts Uninsured Rate in Half

Source: gov.louisiana.gov - Aug 24, 2018

Today, Gov. John Bel Edwards praised a report showing that the number of residents who are uninsured has fallen to half of what it was in 2015 and more Louisianans are getting better access to care... Read more >

Category: General Business

Delgado's downtown bars six months behind on taxes

Source: wbrz.com - Aug 24, 2018

BATON ROUGE - A former metro councilman and downtown bar owner owes about $15,000 in back taxes. John Delgado is a part owner of Huey's and 1913, both located on Third Street. "When things get... Read more >

Category: General Business

For people involved in the sharing economy: Do a ‘Paycheck Checkup’ now, avoid a surprise year-end tax bill

Source: irs.gov - Aug 20, 2018

IR-2018-168, Aug. 17, 2018 WASHINGTON — The Internal Revenue Service urges anyone working in the sharing economy to perform a Paycheck Checkup now to avoid an unexpected tax bill when they file... Read more >

Category: General Business

New Orleans Mayor LaToya Cantrell gives assessment of first 3 months on job: 'we are taking important first steps

Source: theadvocate.com - Aug 20, 2018

Want to get into the weeds of what Mayor LaToya Cantrell’s administration was up to in its first three months? A series of progress reports released by the administration last week aim to provide... Read more >

Category: General Business

Louisiana adds 26,000 jobs over the year in July

Source: theadvocate.com - Aug 20, 2018

Louisiana added 26,000 jobs in July compared to a year earlier, lifting employment to 1,980,200. The preliminary figures from the U.S. Bureau of Labor Statistics represented the latest in a... Read more >

Category: General Business

New Orleans-area construction sites inspected for misclassifying workers

Source: neworleanscitybusiness.com - Aug 20, 2018

Louisiana Workforce Commission and members of a statewide task force visited New Orleans-area construction sites Thursday to investigate tips that employers are misclassifying workers. The sites... Read more >

Category: General Business

Most Americans in the Dark on Key Deductions and Rules

Source: nerdwallet.com - Aug 17, 2018

Are you getting all of your deductions this tax season? According to a new NerdWallet survey, many Americans think some legitimate tax-reduction strategies are illegal, which could be leading them... Read more >

Category: General Business

IRS regs on Sec. 199A look ‘taxpayer-favorable’

Source: accountingtoday.com - Aug 17, 2018

Long-awaited and highly anticipated proposed regulations for Code Section 199A, the new 20 percent deduction on “qualified business income” of pass-through entities, were released August 8 by... Read more >

Category: General Business

Salt Lake City, Buffalo and New Orleans Have the Youngest Entrepreneurs

Source: markets.businessinsider.com - Aug 17, 2018

CHARLOTTE, N.C., Aug. 15, 2018 /PRNewswire/ -- LendingTree®, the nation's leading online loan marketplace, today released a study on the cities in the U.S. with the youngest entrepreneurs. The... Read more >

Category: General Business

Drive Shack developers get property tax freeze to redo former Times-Picayune building

Source: Drive Shack developers get property tax freeze to redo former Times-Picayune building - Aug 17, 2018

The developers who want to turn the former Times-Picayune building on Howard Avenue in New Orleans into a three-story indoor golf attraction received final approval Tuesday (Aug. 14) on a plan that... Read more >

Category: General Business

ExxonMobil's CEO asked to withdraw tax break requests groups say would cost $6.2 million

Source: theadvocate.com - Aug 17, 2018

Opponents of giving industries breaks on their school property taxes in Louisiana have publicly requested a meeting with the CEO of ExxonMobil and asked that he withdraw all pending tax exemption... Read more >

Category: General Business

More small businesses can now use cash accounting: IRS

Source: accountingtoday.com - Aug 8, 2018

Small-business taxpayers with average annual gross earnings of $25 million or less in the prior three-year period are now allowed to use the cash method of accounting, according to new guidance... Read more >

Category: General Business