Hodges & Wreyford LLC.

Hodges & Wreyford LLC. A small regional public CPA firm offering Audit, Accounting, Payroll, Tax and Consulting services

If you donate artwork to charity, the deduction you can claim depends on several factors, including the type of organiza...
06/04/2026

If you donate artwork to charity, the deduction you can claim depends on several factors, including the type of organization receiving the piece and how it will be used. Your deduction will generally be reduced if the charity’s use of the artwork is unrelated to the purpose or function that’s the basis for its qualification as a tax-exempt organization. The reduction equals the amount of capital gain you would have realized had you sold the artwork instead of giving it to charity. Other deduction limits as well as special substantiation and appraisal rules also may apply. If you’re considering donating artwork or other valuable property, contact us at (318) 725-2272 for help ensuring the best tax outcome.

A mission statement is a concise, formal declaration of a business’s core purpose. The right one can serve as a rallying...
06/03/2026

A mission statement is a concise, formal declaration of a business’s core purpose. The right one can serve as a rallying cry for employees and a powerful marketing tool that attracts customers and drives revenue. So, whether you’re writing one for the first time or revising it during a rebrand, craft yours carefully. It can have a surprising impact on your bottom line. Please call us at (318) 725-2272 for help aligning your company’s core purpose with its financial parameters and strategic objectives.

When it comes to financial reporting, accuracy matters. But so does clarity. Many stakeholders — including board members...
06/02/2026

When it comes to financial reporting, accuracy matters. But so does clarity. Many stakeholders — including board members, donors, employees and investors — don’t have accounting backgrounds and may struggle to interpret complex financial data. Using plain language, engaging visuals and key benchmarks can turn complicated financial data into something more useful and actionable. We can help you develop financial reports and presentations that improve stakeholder understanding of your organization’s performance and enable better-informed decisions. Call us at (318) 725-2272 to learn more.

Beginning in 2026, a new 0.5% “floor” applies to charitable deductions for taxpayers who itemize. This generally means t...
06/01/2026

Beginning in 2026, a new 0.5% “floor” applies to charitable deductions for taxpayers who itemize. This generally means that only qualified charitable contributions that, in aggregate, exceed 0.5% of your adjusted gross income will be deductible if you itemize deductions. But a charitable deduction for cash donations is now available to nonitemizers. We can help you develop a tax-smart charitable giving strategy for 2026. Contact us at (318) 725-2272.

If you’re thinking about relocating, don’t choose a new state based only on climate, cost of living or proximity to fami...
05/28/2026

If you’re thinking about relocating, don’t choose a new state based only on climate, cost of living or proximity to family. Also review the tax implications.
For example, some states don’t have a personal income tax, and some that do have one offer tax breaks for pension payments, retirement plan distributions and Social Security payments. Also be aware that a state with no personal income tax may impose high property, sales or estate taxes.
Before making a move, contact us at (318) 725-2272 to review the potential income, property, sales and estate tax implications. We can help you minimize potential negative tax consequences and make the most of any tax advantages offered by the new state.

Now is the perfect time to tidy up your QuickBooks files. Unreconciled accounts, uncategorized transactions and outdated...
05/27/2026

Now is the perfect time to tidy up your QuickBooks files. Unreconciled accounts, uncategorized transactions and outdated records can distort your cash flow and profitability. Even with QuickBooks’ automation tools and AI-enabled features, consistent review and oversight are essential. Don’t forget your chart of accounts! An outdated or cluttered chart can muddy your results, making it harder to understand your true performance. Clean books support better financial decisions and smoother tax filings. Call us at (318) 725-2272 to help get your bookkeeping in top shape.

Late-paying customers create more than cash flow headaches — they can disrupt budgeting, increase borrowing needs and st...
05/26/2026

Late-paying customers create more than cash flow headaches — they can disrupt budgeting, increase borrowing needs and stall growth. However, the problem isn’t always the customer’s unwillingness to pay. It often stems from operational issues, such as weak internal processes, outdated payment systems and inconsistent collections. Businesses that strengthen receivables management improve stability and long-term flexibility. We can help you assess your current collection practices, strengthen internal controls and identify practical ways to improve cash flow management. Call us at (318) 725-2272 for guidance.

An estate plan helps ensure that your assets are distributed according to your wishes. It also can minimize taxes, safeg...
05/25/2026

An estate plan helps ensure that your assets are distributed according to your wishes. It also can minimize taxes, safeguard your minor children and support your charitable goals. If you haven’t reviewed your estate plan recently, call us at (318) 725-2272. We can help assess whether revisions are needed due to tax law changes or a major life event. If you don’t have an estate plan yet, we can help you get started.

Many taxpayers discover at filing time that their tax payments during the year didn’t align with their actual liability ...
05/21/2026

Many taxpayers discover at filing time that their tax payments during the year didn’t align with their actual liability — either too much or too little was withheld from their paychecks. Keeping withholding aligned with expected tax liability can help you enjoy better cash flow during the year and avoid unwelcome surprises at filing time.
If you received a large refund or owed a lot of tax when you filed your 2025 return, it may be beneficial to fine-tune your withholding for 2026. Adjustments may also be a good idea if you experience a major life event, such as having a child.
We can help you review your withholding (and estimated tax payments, if applicable) and make any needed changes. Call us at (318) 725-2272 to get started.

Holding real estate within your operating company may lead to unfavorable tax outcomes and increased risk. For example, ...
05/20/2026

Holding real estate within your operating company may lead to unfavorable tax outcomes and increased risk. For example, office or warehouse space owned by a C corporation is generally subject to double taxation when it’s sold. Or, if a customer is injured on company property, other business assets could be at risk. Separating real estate into its own entity, such as a limited liability company or partnership, can help reduce your exposure and provide greater flexibility for long-term planning. Call us at (318) 725-2272 to review your business structure and determine the best fit for your situation.

Address

920 Pierremont Road Ste 407
Shreveport, LA
71106

Opening Hours

Monday 8am - 5pm
Tuesday 8am - 5pm
Wednesday 8am - 5pm
Thursday 8am - 5pm
Friday 8am - 5pm

Telephone

+13187252272

Website

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