News+Alerts

FinCEN announced today that victims of Tropical Storm Francine have until February 3, 2025 to file Reports of Foreign Bank and Financial Accounts (FBARs) for the 2023 calendar year. FBAR filings for calendar year 2023 would otherwise be due on or before October 15, 2024.

IRS announced today tax relief for individuals and businesses in the entire state of Louisiana, affected by Tropical Storm Francine that began on Sept. 10, 2024.  These taxpayers now have until Feb. 3, 2025, to file various federal individual and business tax returns and make tax payments. 

LDR is granting filing and payment extensions to taxpayers whose homes, principal places of business, critical tax records or paid tax preparers are located in the federally declared disaster areas following Hurricane Francine.

LCPA urges the IRS to provide immediate relief and assistance for those impacted as they face the September 16 filing deadline.

The Louisiana Department of Revenue gives taxpayers options to protect their tax records and other financial documents from weather-related threats. Click to read!

Hunters get a tax break during the 2nd Amendment Weekend Sales Tax Holiday. Click to learn more details.

The Department of Revenue has issued new Policy Statements which may be accessed by the links in this article.

LCPA recognized Candy Wright and Dennis James at the Louisiana Accounting & Auditing Conference on August 22. Read more about their noteworthy accomplishments.

LCPA held its Annual Meeting and Election of Officers on August 14 at The Ritz-Carlton New Orleans. Meet our new Board of Directors.

LCPA recently honored 7 members for their remarkable contributions to the CPA profession and the communities they serve. Read about these outstanding individuals and their service.

Louisiana Revised Statute 47:305.62 provides a state and local sales and use tax exemption on any consumer purchase of firearms, ammunition, and hunting supplies - read about qualifying purchases.

On July 19, 2024, network connectivity issues impacted the Louisiana Department of Revenue’s (the “Department”) website. At this time, the Department is granting filing and payment extensions for tax returns and payments due on July 20, 2024. View the extension date and which payments and returns the extension applies too.

The LCPA Nominating Committee selected the 2024-25 slate of candidates to be voted upon at the Annual Meeting, August 14. Take a look at those who have been nominated for our association's key leadership positions.

The U.S. Department of the Treasury and the Financial Crimes Enforcement Network are urged to exercise caution regarding the failure to provide a reasonable timeframe for small businesses, both new and existing entities, to comply with BOI.

Get the latest on LDR RIB 24-008, other new LDR policy statements, and news on CNA's decision to cover BOI work

On January 24, the Louisiana Workforce Commission provided a tutorial for LCPA members on how to use the new features of the LAWATS site. LCPA members can now access a recording of that presentation. (Login required.)

New regulations include Net Capital Gain Deduction, Refundable Tax Credit for Infant Adoption, and Corporate Income and Franchise Tax Return Filing Extensions.

Get the latest on FinCEN’s BOI Information Registry and compliance resources. Also, LDR’s Emergency Rule on net capital gains deduction, effective Jan 1, 2024.

Louisiana Workforce Commission’s Wage and Tax System (LAWATS) has a new look. LAWATS will implement two-factor authentication as an additional way to protect personal information, using an email verification process.

Express your concerns with FinCEN beneficial ownership reporting requirements. Call your two US Senators and urge them to pass H.R. 5119 as passed by the US House of Representatives before the end of the year.