Louisiana news

A&A

CPAs sponsor Webinar on BP oil spill reimbursement process

CPA societies from Florida, Alabama, Louisiana, Mississippi, and Texas, in cooperation with the Accounting CPE Network and BizVision, are sponsoring a Webinar designed for CPAs whose clients are filing claims through the BP reimbursement process.
Tax

Wyly boys: Brothers with a golden touch, in trouble together

If the U.S. Securities and Exchange Commission is correct, billionaire brothers Samuel E. Wyly and Charles J. Wyly Jr. have more than savvy investing and brilliant business minds to thank for their wealth.
A&A

BP seeks $9.9 billion tax credit for oil spill costs

On the same day it announced a $17 billion loss for the second quarter of 2010, BP this week said that it plans to claim a $9.9 billion taxation credit from the U.S. government for costs incurred during the oil spill cleanup operation in the Gulf of Mexico.
Tax

Revenue worries don't stop states from offering tax holidays

Taxpayers in 16 states will get sales tax breaks on the purchase of various school-related purchases during certain dates in July and August.
A&A

Cooper Graci & Co. merges with Carr, Riggs & Ingram

CPA firm Cooper Graci & Co. has merged with Enterprise, AL-based accounting firm Carr, Riggs & Ingram, LLC. The merger expands CRI’s footprint into Texas for a total of seven states.
A&A

BP's public relations gaffes causing British companies problems in the U.S.

UK businessman William Chase claims that the lives of British businesses trying to succeed in the U.S. are being made harder because of BP chief executive Tony Hayward's handling the oil spill crisis.
A&A

Louisiana businesses must plan for the future now

The Deepwater Horizon oil spill is the third disaster the residents and businesses of Louisiana have faced in five years. Despite their frustration and the magnitude of unknowns facing them, they will still do very well, said Bill Balhoff, CEO of Postlethwaite & Netterville.
Practice

Most executives remain confident about business growth

Six percent of chief financial officers said they plan to hire full-time accounting and finance employees during the third quarter of 2010, while 9 percent anticipate staff reductions. Despite those numbers, CFOs remain optimistic about the outlook for their businesses.
A&A

Gulf fishermen see livelihoods disappear, region’s economy suffers

Louisiana fishermen are beginning to come to terms with the harsh realities of the Deepwater Horizon oil spill. Not only do they face the loss of income this year, their fishing grounds and their way of life might be disappearing.
Tax

Broke states and broken promises

According to a recent report from the National Association of State Budget Officers and the National Governors Association, state fiscal conditions "have continued to worsen" and state revenues can be expected to lag behind a national economic recovery by one to three years.
Tax

Many businesses expect property tax liability to remain the same or increase

More than half of property tax executives expect their companies’ property tax burden to either remain the same or increase in 2010, compared with last year.
Tax

Nicolas Cage: Poster boy for delinquent taxes

Just when you thought he’d learned his lesson, Nicolas Cage is wrestling with more tax issues. Since late last year he had become the poster boy for celebrities who don’t pay their fair share, making headlines time after time.
Education & Careers

SIFE members' passion for business can be powerful force for change

Students In Free Enterprise, an international non-profit network of students, academics, and business leaders working with businesses and higher education organizations, is in the midst of its regional and national competitions.
Education & Careers

Deloitte's Maximum Impact gives student recruits a chance to volunteer

Deloitte's Maximum Impact: Alternative Spring Break gives students a chance to see a different side of the Big Four and work with accounting professionals in community service projects.
Technology

QuickBooks at tax time: Cleaning up your client's QuickBooks data

Though QuickBooks is very easy to use, our clients often create numerous setup and data entry errors that we have to troubleshoot. This troubleshooting often coincides with tax time.
Tax

Snoop Dogg, Spears: Potpourri of celebrities and their dealings with the tax man

Rapper Snoop Dogg, nee Calvin Broadus, is in trouble with the Internal Revenue Service again. On January 19, the IRS filed a lien with the Los Angeles County Recorder of Deeds against Snoop Dogg and his wife, Shante.
Education & Careers

Accounting Scholarship Programs

AccountingWEB has compiled a list of scholarship opportunities for accounting students.
Technology

Why your client's sales amounts in QuickBooks are probably wrong

Ideally, all revenue should affect both an Item and an Income account in QuickBooks. When this doesn't happen, it is important for you to quickly locate the offending transactions and make any necessary adjustments.
Technology

QuickBooks Tip: Tying the Profit and Loss to the Profit and Loss by Job

The Profit & Loss by Job report shows all of the income and expenses you have assigned to Jobs on Checks, Bills, Invoices, Journal Entries, etc. However, the totals on the Profit & Loss by Job report may not agree to the totals on the Profit & Loss.
Community News

CPA Firm Roth Murphy Sanford Merges with Carr, Riggs & Ingram

New Orleans CPA firm Roth Murphy Sanford L.L.P. (RMS) has merged with Carr, Riggs & Ingram, LLC (CRI), the fourth largest accounting firm in the Southeast – a move that expands CRI’s footprint to six states while enhancing public accounting and management consulting services throughout Southeast Louisiana.

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