Thomas D. Elliott Jr., CPA, CGMA

03/31/2023

Attestation services are paramount for companies, financial institutions, and investors alike. But what exactly do these essential services accomplish? Let's dive deeper to find out!

To schedule a consultation, contact us at (337) 800-9000.

Attestation services play a crucial role in accounting processes. The need for independent parties to give assurance over topics other than financial statements is required by laws, service clients, and even regulators. Attestation services are crucial in many scenarios and important for businesses,...

03/29/2023

Start building your financial literacy vocabulary today! Below we explain the definition of bankruptcy, which is something you've certainly heard of before. Need help with your finances? We've got you covered. Schedule an appointment with us today at (337) 800-9000!

03/28/2023

You don't get into a good financial position overnight. It takes time, hard work, and persistence to develop strong money management skills. So don't get discouraged! Take every day one step at a time, and soon you'll be the money management expert you aim to be. Contact us at (337) 800-9000

03/27/2023

When creating a budget, it is important to remember to revise it! Life changes and so do your finances. When your expenses change, take the time to adjust your budget so that you can continue to meet your long-term goals!

03/24/2023

Capital gains taxes apply to any asset that has increased in value from the original purchase price, including buildings and properties, stocks or bonds, land rights, and even artwork. When sold at a profit – potentially giving you extra income– these assets are subject to this tax which varies by region.

To schedule a consultation, contact us at (337) 800-9000.

The government levies taxes on most income-generating activities. Investing and selling assets are income-generating activities, making the proceeds taxable under the capital gains tax. Here is a brief guide on how the capital gains tax works and tips to reduce your taxes. What Is Capital Gains Tax?...

03/22/2023

As a taxpayer, it is important to know your responsibilities. This includes if you’re required to file a tax return or not. Generally speaking, most American citizens and permanent residents who work in the United States need to file a tax return if they earn more than a certain amount of income for the year. You could face a penalty if you are required to file a tax return but fail to do so. If you are unsure if you need to file a tax return or need assistance with the tax filing process, give us a call at (337) 800-9000 – we would be happy to help you!

03/21/2023

Here’s a fun bookkeeping fact that you probably didn’t know! Bookkeeping and all words that derive from it are the only words in the English language that have 3 consecutive sets of double letters. If you would like more information about our bookkeeping services, give us a call at (337) 800-9000.

03/20/2023

Start saving for retirement as soon as possible! If you are able, sign up for your employer’s retirement plan and start contributing to it right away. If you aren’t able to sign up, then open an IRA and start an automatic contribution. It is wise not to procrastinate on this. Do you have accounting questions? We have the answers! Talk to us at (337) 800-9000.

03/17/2023

Protecting your hard-earned assets can help safeguard you from the unexpected. Smart strategies to consider include homeowner's insurance for physical property, long-term care insurance for health needs, and additional coverage when taking on occupations with a heightened risk level.

To schedule a consultation, contact us at (337) 800-9000.

Asset protection strategies are the measures you take to shield your wealth from potential lawsuits, creditor actions, or unforeseen personal challenges. When executed properly, these strategies are legally sound and can be highly beneficial to anyone with wealth they wish to preserve. Many asset pr...

03/15/2023

Did you know that bookkeeping dates back as far as 4000 BC? Clay tablets were discovered in Babylon and Assyria that recorded business and communal contracts. There is even evidence suggesting that non-written forms of bookkeeping can be traced as far as 8000 BC. With such a long history of bookkeeping, it’s a wonder why some people still aren’t using this helpful service! Give us a call at (337) 800-9000 for any questions you may have regarding how we can help you and your business.

03/14/2023

It is easy to overspend when you are not paying close attention to your finances. By tracking your spending, you can stay on top of it and have a clearer idea of where your money is going. It doesn’t need to be a complicated recordkeeping system; even writing it down on a small piece of paper kept in your wallet will do! To schedule a consultation, contact us at (337) 800-9000.

03/13/2023

We accountants even have ties in Hollywood! Accountants spend approximately 1700 hours hand-counting ballots for each category every year for the Academy Awards. And the Oscar goes to….. us! Do you have accounting questions? We have the answers! Talk to us at (337) 800-9000.