Louisiana news

Tax

New Orleans Saints Coach Sean Payton Settles Tax Credit Lawsuit

Twenty-seven investors, including Saints coach Sean Payton, wanted to reduce their overall state income tax liabilities by investing in movie production tax credits. But the film studio was defunct, and the tax credits didn't exist.
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Tax

Internet Sales Tax Clears Senate Hurdle

New legislation authorizing the states to collect sales tax from companies peddling their wares online breezed through the Senate on May 6 by a wide 69-27 margin. But the Marketplace Fairness Act is expected to face much tougher opposition in the Republican-controlled House of Representatives.
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Tax

Tax Freedom Day Finally Arrives for 2013

Tax Freedom Day® arrives today, the 108th day of 2013, according to the Tax Foundation's annual calculation. Americans will work well over three months of the year before they have earned enough money to pay this year's tax obligations.
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Tax

Crime Watch: April 12, 2013

The United States has filed a civil injunction lawsuit seeking to shut down Mo' Money Taxes of Memphis, Tennessee. The complaint alleges that the estimated tax loss from fraudulent tax return preparation at Mo' Money Taxes in 2011 exceeds $9 million.
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Tax

Crime Watch: March 11, 2013

On March 8, the IRS announced that its Office of Professional Responsibility obtained the disbarment of enrolled agent Lorna M. Walker for stealing a client's tax payments and for preparing tax returns with false deductions for multiple clients.
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Tax

Is This the Year for Tax Reform?

Is 2013 shaping up to the year of tax reform? "There are more proposals this year than we have seen in the last five years, and an unprecedented number of major state tax reform proposals," said Harley Duncan, a managing director at KPMG.
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Tax

Crime Watch: March 4, 2013

Appearing before US District Judge Margaret M. Morrow, a Los Angeles woman was sentenced February 25 to three years in prison for her role in a scheme whereby she used the identities of others to defraud the federal bankruptcy and tax systems.
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Education & Careers

IMA Opens Registration for Annual Conference and Exposition

The Institute of Management Accountants (IMA) has opened registration for its ninety-fourth Annual Conference and Exposition to be held June 22-26 in New Orleans, Louisiana.
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Technology

CPAs Adding Social Media to Connect with Clients and Find New Ones

CPA firms' use of social media is evolving, from the simple use of e-mail, a web page, or the telephone, to messaging via Twitter or through postings on Facebook and LinkedIn.
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Education & Careers

Scholars Receive American Accounting Association Award

This January, the American Institute of CPAs (AICPA) and Chartered Institute of Management Accountants (CIMA) announced the recipients of the American Accounting Association's (AAA) Greatest Potential Impact on Management Accounting Practice Award for 2012.
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Tax

Crime Watch: January 9, 2013

A Florida woman – who owned or controlled undeclared foreign financial accounts in excess of $42 million in 2007 and who caused a tax loss to the government of approximately $667,716 – has been ordered to pay a $21 million civil penalty.
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Tax

Crime Watch: December 12, 2012

A New Jersey CPA was sentenced to fifty-four months in prison for a $500 billion fraud scheme. In addition to his prison term, he was sentenced to three years of supervised release and ordered to pay $43,582,699 in forfeiture.
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Education & Careers

HORNE Celebrates 50 Years with $50,000 Charity Award

HORNE, who opened its doors in 1962, just celebrated its 50th anniversary. As part of the celebration, the firm announced the winner of its "$50,000 for 50 Years" contest.
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Education & Careers

AICPA Best Early Career Researcher Award Winner

The AICPA has announced that Jasmijn C. Bol, PhD, associate professor of accounting, Freeman School of Business, Tulane University, New Orleans, was awarded the Best Early Career Researcher Award.
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Education & Careers

AICPA: 2011 Elijah Watt Sells Award Winners Announced

The American Institute of Certified Public Accountants has announced the winners of the 2011 Elijah Watt Sells Award. Thirty-seven students received this honor.
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Community News

KPMG and Phil Mickelson Partner to Kick-off 'Blue for Books' Campaign

KPMG LLP and golf champion Phil Mickelson have paired to launch "Blue for Books," a nationwide charitable initiative designed to put thousands of books into the hands of children in need, through the sale of KPMG blue golf hats, just like the KPMG hat that Mickelson wears on tour.
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Community News

Company Announcements: Week of March 26, 2012

Following is the latest roundup of accounting community news for the week of March 26, 2012.
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AccountingWEB Life

Feed the Pig - Feed the Future

A recent survey conducted by the American Institute of Certified Public Accountants (AICPA) and the Ad Council indicates that today's difficult economic times have dramatically altered the way people between the ages of twenty-five and thirty-four think about the importance of savings.
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Community News

Regional Accounting Resources Now Available in Southern Georgia

BowenPhillips has merged with Carr, Riggs & Ingram (CRI). Both BowenPhillips offices in Georgia will now operate under the Carr, Riggs & Ingram name. The same BowenPhillips team will serve local clients, who will benefit from the additional specialized services and resources provided by the regional CPA firm.
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AccountingWEB Life

Society of Louisiana CPAs Puts Kids on Path to Financial Success

Volunteers from the LCPA and accounting students from Nicholls State University visited Schriever Elementary to teach second grade students about money management. Their efforts were part of the LCPA's scholastic literacy book program, a statewide collaboration between the LCPA, Scholastic, and Gilsbar, Inc.
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Pages

Voice of the Editor

What would you do if one of your clients won the lottery? We asked several accountants to weigh in with their advice for the lucky Powerball winner, and the tips we received are useful for anyone who receives a windfall, whether it's a lottery win, an inheritance, a big bonus on the job, or a killing in the stock market.
Read more
Gail Perry, CPA
Publisher/Editor-in-Chief, AccountingWEB
editor@accountingweb.com
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This Week on AccountingWEB

CPAs Mira Finé, Scott Hitchcock, Rob Keasal, Kathy Scorcio, and Ken Travis offer ten pieces of financial advice for the newest Powerball winner.
Hang Bower of BDO USA and Dan Black of Ernst & Young share their perspectives on why their firms made the Best Places to Work for Recent Grads 2013 list.
Herbein + Company, Inc. firm members talked with AccountingWEB about their year-round employee wellness program.
Bill Walter of Gross, Mendelsohn & Associates and Harold Gaar of TravisWolff LLP weigh in on mobile technology use while employees are at work.
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