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Helpful Hints In Preparing For Your Audit
– November 19, 2009
In the hustle and bustle of the Christmas season and the upcoming New Year, the last thing on anyone's mind is the excitement of an audit experience. I know what everyone is thinking. Audit experiences rank pretty close to opening presents on Christmas morning, right? ...
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Busy Fourth Quarter for Qualified Plans
– November 19, 2009
The last quarter of 2009 is going to be full of activity for most qualified plans. Plan sponsors can soon expect to receive the customary annual census request and 5500 questionnaire and also their Safe-Harbor notices and Minimum Required Distribution (MRD) letters. Most third party administrators (TPAs) have begun the plan docu ...
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Maximize Tax Savings Under New Law
– November 19, 2009
The Worker, Homeownership, and Business Assistance Act of 2009 was recently signed into law by President Obama on November 6, 2009. ...
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Employees Receive 40 Under 40 Honor
– November 19, 2009
Heard, McElroy & Vestal is proud to have two members of our audit department, Aimee McFarland and Taylor Robertson, honored as Northwest Louisiana 40 Under 40. 40 Under 40 recognizes outstanding entreprenuers, executives, managers, and professionals in public, private, or non-profit sectors under the age of forty. ...
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What Government Run Health Care Means for You
– September 15, 2009
With so much talk and debate of the new public health care bill going on right now, it is important to know what kind of impact a government run health care option would have on both businesses and individuals. The problem, however, is that the specific details of the bill change almost daily. ...
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Thinking About Selling Your Business, Think About Waiting Until 2010
– September 15, 2009
If you were thinking about selling your Louisiana based business, you may want to wait until 2010. The Louisiana legislature has been very aggressive in recent years with targeted business incentives - and the 2009 legislative session was no exception. On August 15, 2009, Governor Jindal signed into law Act No. 457 which provi ...
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Louisiana Offers School Tuition Tax Break
– September 15, 2009
The old Christmas song "It's the Most Wonderful Time of the Year" can now be applied to back to school time thanks to recent Louisiana tax incentives. ...
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Research & Development Credit Very Advantageous
– September 15, 2009
What is the R&D credit?
Once a difficult credit to obtain and often not worth a business' effort, the research and development (R&D) credit is now very advantageous, especially in Louisiana. In July 2009 the possible Louisiana R&D credit amount doubled! ...
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Change in Reporting Requirements of Timber Sales
– September 15, 2009
The reporting requirements for lump-sum timber sales occurring on or after May 28, 2009 have changed. The Internal Revenue Code section 6045(e)(2) now requires the purchaser of standing timber to report the sale to the IRS using Form 1099-S (Proceeds from Real Estate Transactions). THe Form 1099-S must be furnished to the seller ...
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Reduce Stress At Tax Time With Good Records
– August 31, 2009
Although most people won't be filing their tax returns for several months, the dog days of summer are actually a great time to start planning for the tax filing season by ensuring your records are organized. Whether you are an individual taxpayer or a business owner, you can avoid headaches at tax time with good records because ...
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