The U. S. Department of Labor (DOL). The DOL has said it will start contacting plan sponsors and firms in November regarding the paperwork and documentation for submission if one of their employee benefit plan (EBP) audits is selected for the audit quality assessment study.
Due to the devastation caused by Hurricane Ida and the ongoing state of emergency, the Louisiana Department of Revenue (“LDR”) is granting automatic extensions to certain taxpayers in impacted areas. This bulletin explains which taxpayers are eligible for automatic extensions, by tax type, based on upcoming deadlines.
LDR Tax Return Filing and Tax Payment Deadlines Extended for Certain Tax Returns and Payments Due During Hurricane Ida
Victims of Hurricane Ida that began on August 26 now have until January 3, 2022, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today.
Low-interest federal disaster loans are now available to Louisiana businesses and residents as a result of President Biden’s major disaster declaration.
We, like all Louisiana residents, are aware of the devastating impacts of Hurricane Ida and know too well that we have a long road to recovery ahead. While the safety of your family and staff is paramount, we also understand the potential impact on the filing deadlines. Our Advocacy Team is already hard at work on emergency declaration filing issues and will keep you updated if guidance is issued.
Starting Monday, Aug. 16, 2021, charities, faith-based organizations and small businesses can apply for grants to support COVID-19 response and relief efforts in Louisiana through the Louisiana Nonprofit and Small Business Assistance Program.
We recently honored 11 CPAs for their remarkable contributions to the CPA profession and the community. The awards were announced at the non-profit professional association’s Annual Meeting, July 18. Read more about our distinguished award recipients.
The most recent RIB from LDR on the taxability of benefits received from the LA Main Street Recovery Fund and the Frontline Workers COVID-19 Hazard Pay Rebate Program; plus update on Act 296 regarding hurricanes Laura, Delta, and Zeta tax relief
The Annual Meeting in Gulf Shores, Alabama, was the perfect backdrop for our Election of Officers on Sunday, July 18. Learn more about our board members.
The latest on LED bills enacted and resolutions sent to the Secretary of State that impact LED incentives and propose new economic development incentives and programs.
Act 385 of the 2021 Regular Session accelerates the sunset date for the income tax credit for conversion of vehicles to alternative fuel usage vehicles from January 1, 2022, to July 1, 2021.
Explore the three key areas CPA firms need to "account" for as they consider re-opening and a return to business as usual. Download your complimentary copy of this insightful white paper now!
Join us at The Lodge at Gulf State Park in Gulf Shores as we elect our new group of leaders who together will take on challenges, identify growth opportunities, and prepare our association for the future.
LDR announces tax return filing and tax payment deadlines extended for individuals and businesses impacted by severe storms and flooding
IRS announced victims of severe storms and flooding that began May 17, 2021, now have until August 16, 2021, to file various individual and business tax returns and make tax payments.
Louisiana Senate Bill 11 that provides an individual and corporate income tax exemption for certain state and federal COVID-19 relief benefits has been signed by the Governor and enacted effective 6/4/2021. The exemption applies both retroactively and prospectively.
Each year the Louisiana CPA Education Foundation awards scholarships to qualifying accounting majors. See the students who were among the 2021 recipients of scholarships funded by members' generous contributions.
The purpose of this bulletin is to clarify that any filing extension granted by the LDR shall not serve as an extension for time to acquire a tax credit or execute a binding agreement to transfer a tax credit
It has come to our attention that some tax software vendors have been notifying tax practitioners that electronic filing of IRS extensions and payments will not be available after May 17th even for those in disaster areas. We are continuing our advocacy efforts is this area but wanted to ensure you were aware of the issues surrounding the software extension filing issue.