Parish CPAs + Business Advisors

An S Corp can be a great tax-planning tool, but it is not automatically the best choice for every business owner.

The real question is not, “Can I elect S Corp status?”
It is, “Will the tax savings outweigh the additional payroll, tax preparation, bookkeeping, and compliance costs?”

Swipe through for some of the biggest pros and cons to consider before making the election.

Every situation is different, so an S Corp decision should be based on your actual numbers, compensation needs, and long-term goals.

If your business charges customers a fee for paying by card, there are important rules you need to know.

In Louisiana, recent changes affect how businesses can handle credit and debit card processing fees—including when fees can be charged, how much can be passed on to customers, and how those fees must be disclosed.

Swipe through for the key points, and save this post as a quick reference. ➡️

Have questions about how these rules could affect your business? Let us know!

✏️📓🍎 It’s time for school to start again! 🍎📓✏️

We love supporting our local schools, and there’s a few different ways you can treat these donations. Swipe to find out more!

Kinda chic to have a CPA that you trust

Business owners have several retirement plan options, but the right fit depends on your goals, team size, cash flow, and how much flexibility you want.

A SEP IRA, SIMPLE IRA, or 401(k) can each offer valuable benefits for both you and your employees. Swipe through for a simple comparison, then connect with your tax and retirement advisors before making a decision.

You may be seeing the term Backdoor Roth floating around, so we are here to explain it to you!

Make too much to contribute to a Roth IRA directly? There’s a backdoor for that 🚪

Swipe to learn how the Backdoor Roth strategy works — and the one rule that trips people up (looking at you, pro-rata rule 👀).

Not sure if this makes sense for you? Let’s talk.

❤️🤍💙 As you celebrate the Fourth of July, it is a good reminder that some summer business expenses may come with tax considerations.

Client gifts, team celebrations, business meals, and company events can all be treated differently depending on the details. The key is to document the business purpose, keep receipts, and avoid trying to recreate the story months later.

Enjoy the holiday, celebrate safely, and keep those records!

Happy Father’s Day to the men who make our world go round, and try to deduct every cent of it 😉

AI is changing the way business owners and individuals find information, analyze data, and ask questions. It can be a powerful tool, but when it comes to your finances, it shouldn’t be the final decision-maker.

Before uploading financial information into any AI platform, remember:

🔒 Your financial data is sensitive
📄 Tax returns, bank statements, payroll reports, account numbers, and customer information should be handled with care
⚠️ AI can provide confident answers that are incomplete, outdated, or simply incorrect
💡 The best use of AI is often to help you understand concepts, identify trends, and prepare better questions

We encourage clients to use technology thoughtfully. Let AI help you gather insights, but always verify important financial, tax, payroll, and business decisions with a trusted professional.