(504) 267-4427
October 2021 Taxation of 529 College Savings Account Withdrawals

October 2021 Taxation of 529 College Savings Account Withdrawals

The big advantage of 529 plans is that qualified withdrawals are always federal-income-tax-free—and usually state-income-tax-free too. What you may not know is that not all 529 withdrawals are tax-free qualified withdrawals, even in years when you have heavy college...
October 2021 Taxation of 529 College Savings Account Withdrawals

August 2021 Don’t Miss Out on the Employee Retention Credit

It’s hard to imagine that a small business does not qualify for some or all of the employee retention credit(ERC). And remember, this is a tax credit—one of the very best things that tax law has to offer. True, it’s not as valuable as some other tax credits, because...
October 2021 Taxation of 529 College Savings Account Withdrawals

June 2021 Benefit Big from the Work Opportunity Tax Credit

To be an eligible employee, your new hire must be certified as a member of a targeted group by the applicable State Workforce Agency (SWA). You, as the employer, can either   ·      obtain the certification by the day the employee begins work, or ·      complete...
October 2021 Taxation of 529 College Savings Account Withdrawals

April 2021 PPP Extended—Act Fast or Miss Out

This is likely it—your last chance to obtain first- and second-draw Paycheck Protection Program (PPP) monies.   A new law, the PPP Extension Act of 2021, extends the expiration date to the later of May 31 or when the money runs out. Note the phrase “when the...