News

News

Discounts for Lack of Control and Marketability

Wednesday, March 09, 2016

When valuing a privately held company, there are three approaches generally applied to arrive at the value of 100% of the equity of the business: Read more...

New Highway Funding Bill Impact On Louisiana Residents

Wednesday, March 09, 2016
On December 4, 2015, President Obama signed into law a highway funding bill titled the “FAST Act: Fixing America’s Surface Transportation Act.”  In order to help pay for the highway bill and to help collect unpaid taxes, the US State Department now has the authority to decline to issue or renew a passport for taxpayers who owe over $50,000 to the IRS. A $50,000 tax debt is considered a “seriously delinquent tax debt” in the language of the new law.  The FAST Act became effective January 1, 2016. Read more...

Payroll Quick Facts

Friday, January 15, 2016

This Payroll Quick Fact chart answers all of your FAQs. Read more...

Extended Deadlines for Health Care Information Returns

Thursday, January 14, 2016

2015 is the first year that large employers (50 or more full time equivalent employees) and insurance companies are required to report health care coverage information to employees.  The employer must provide form 1095-C and the insurer provides form 1095-B.  The IRS has just announced extended due dates for providing these forms to both employees and to the IRS.  The new dates are shown below. Read more...

Funding the Future

Thursday, January 14, 2016

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Valuation of Charitable Gifts

Thursday, January 14, 2016

The complexity of valuing charitable gifts may range from very simple to very difficult. When gifting property, the fair market value (FMV) of said property must be determined in order to determine the deduction allowed for federal income tax purposes. The IRS defines fair market value as “the price that property would sell for on the open market. It is the price that would be agreed on between a willing buyer and a willing seller, with neither being required to act, and both having reasonable knowledge of the relevant facts.”  
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ALTA Best Practices Certifications

Monday, December 07, 2015

In the wake of some memorable moments in the mortgage market, pressure has increased significantly on those in the industry. As a result, lenders are being held to a higher level of accountability than we have ever seen for many facets of the lending process, including the due diligence performed related to the title companies they allow to close their loans. In response, the American Land Title Association (ALTA) developed a benchmark of quality known as Best Practices to aid lenders in knowing more about the title companies with which they do business in the residential market.
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The 2015 "Highway Bill"

Tuesday, November 10, 2015
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Heard, McElroy & Vestal Joins Forces with Smith Pugh & Seal

Wednesday, September 09, 2015

Press Release Read more...

Pension Protection Act Restatement Process

Wednesday, July 15, 2015

All qualified retirement plans are required by the Internal Revenue Service (IRS) to be amended for the most recent tax law changes in order to maintain their favorable tax law status.  This article will discuss the restatement process and deadlines for different types of plan documents.  Read more...