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Blog Articles & Video February 2022

On the move: Cohen & Co. appoints next CEO

NEW ORLEANS Postlethwaite & Netterville announced 70 promotions; in the Baton Rouge office: Ashley Territo, Lindsay Watts, Matthew Breaux, Megan Mensi, Brian Poulin, Dana Daigle, Katherine Clements, Katherine Nesser, Margaret Roberts, Mike Singletary, Ryan Aldridge, Jordyn Farizo and Justin Bourgeois to associate director; Amanda Cooper, Amanda Moore, Gretchen Balhoff and

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The Tax Significance of Identifying Dependents

The many different tax benefits available to your clients largely depend on having one or more dependents. To start with, Section 151 allows personal exemptions, which are not currently available.  However, the definition of “dependent” found in Section 152 is still important in these years.   A seasoned tax professional may

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Tax Implications for Employers with Remote Workers

The shift to remote work due to the COVID-19 pandemic has given employers and employees increased flexibility in when, where and how work is performed. Because many companies have now implemented permanent remote-work policies, accountants should be aware of the tax implications of such a work structure for both employers

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Senators urge IRS to provide better taxpayer support

A group of Senate Republicans, led by Sen. Mike Crapo, R-Idaho, the ranking member on the Senate Finance Committee, is asking the IRS to do all it can to help taxpayers this season. In a letter Thursday to Treasury Secretary Janet Yellen and IRS Commissioner Chuck Rettig, the lawmakers asked

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5 Reasons Clients Fire Their Accountant

Losing a client can be hard, yet it happens all the time. Sometimes, the reasons are simply out of your control. For example, maybe the client’s business was sold or merged into another company that has a long-standing relationship with another accounting firm. However, there are many reasons clients decide

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Fix QuickBooks Script Error | An Error has Occurred in the Script

Script errors are one of the most confusing errors you may encounter while opening your QuickBooks company file. Script error in QuickBooks provides no information about the cause and display an error message that can’t be clearly understood. If you are tired of such annoying script error messages then here

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IRS suspends many of its automated notices

The Internal Revenue Service said Wednesday it is suspending more than a dozen automated letters it sends out to taxpayers, including collection notices, balance due notices and unfiled tax return notices, after coming under pressure from lawmakers and tax professionals to first catch up on its backlog of unprocessed returns.

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Navigating Sales Tax on Shipping by State

With no end to the pandemic in sight, and ecommerce sales likely to remain strong — especially at the holidays —  retail clients need to know how to tax delivery charges. There’s no one way to get products into the hands of customers, and there’s no one way to tax

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Tips on How to Get Hold of QuickBooks Error 15225

QuickBooks is a top-tier accounting application that is exploited worldwide by multiple business organizations. Apart from its quality features, the app has gained popularity due to the loopholes in its coding that lead to technical glitches in the program. Amongst numerous errors that its users have to go through on

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Condos vs. Co-ops: What’s the Difference?

I recently received several queries from individuals living in single-family homes in the New York City metropolitan area who plan to sell their dwellings and purchase a condominium or cooperative apartment. Some potential sellers want to know how ownership of a single-family home differs from ownership of a condo or

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