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  Solar energy Investment Tax Credit aside, solar energy is a popular choice for businesses looking to reduce their carbon footprint through alternative energy sources. In addition to supporting a company’s environmental, social, and governance (ESG) strategy, converting to solar energy potentially can lock-in lower energy rates. Our friends at BDO explain in this article […]

From the drive-through speaker to QR code menus, restaurant patrons are familiar with technology that streamlines front of house restaurant operations. Recent years have seen increased focus on innovation at the back of house. Though not necessarily visible to the average customer, changes underway will have a profound impact on customer experience. Tech is bringing

  During the 2021 regular Louisiana Legislative Session, Act 287 was passed for new Louisiana partnership requirements, and Richard Tullier, CPA and Allison Civello, CPA provide this summary. This Act requires all partnerships doing business in Louisiana to file the LA Form IT-565 and thus requires all partnerships to obtain a Louisiana Revenue Account Number.

It is important for business owners to be familiar with the differences between a W-2 and a 1099-NEC, between an employee and an independent contractor.  Understanding these differences can help prevent significant penalties, interest, back taxes, legal fees, and even jail time. The January 31, 2022 due date for filing these forms with the IRS

  What does the chip shortage mean, and how can we plan for it? The Wegmann Dazet friends at BDO offer a Q&A breaking down the chip shortage. Whether you’re the CEO of a manufacturing firm struggling to gain access to the materials needed for your production process or you’re a consumer unable to find

As we assess the damage, rebuild, and recover from Hurricane Ida, Stephen Albert, CPA and Richard Tullier, CPA briefly explain the tax deduction available to individuals for casualty losses. Read further for a casualty loss summary. In general for insurance claims after hurricanes and other disasters: a casualty loss is determined by comparing any proceeds

Anita Zimmer, CPA, ABV, CFF explains to businesses what to know about business interruption insurance. In addition to insurance for physical damages, most business policies include coverage for Business Interruption (BI) to compensate for lost profits during a period when the business cannot operate.  In general, this coverage is available when the business occurs a

Wegmann Dazet’s Victoria Tecchie reminds organizations to review their federal funding award requirements, which can change frequently. With CARES Act funding, you might be subject to a single audit without ever having had one before. Both dollar-level criteria and each federal award program’s own requirements can lead you to a Single Audit. These awards may

Both the IRS and the Louisiana Department of Revenue have issued tax updates for IDA relief: extensions for tax return and payment deadlines that were due starting on August 26, 2021. Wegmann Dazet is here to help, working in our offices and remotely to help with any questions you have.  We know many of our

What are the Potential Impacts of the New Lease Accounting Standard? Wegmann Dazet’s Bryan Whalen, CPA describes how the update affects your leases and accounting. By now most businesses have at least heard about ASC 842. That’s the new lease accounting standard that goes into effect for all non-public entities for fiscal years beginning after