News & Alerts

Hunters get a tax break during the 2nd Amendment Weekend Sales Tax Holiday, Sept. 5-7.

LCPA is proud to introduce the volunteer leaders elected by our members to guide the profession into the new year. Meet our 2025–26 Board of Directors, who bring fresh perspectives, proven expertise, and a commitment to advancing the CPA community across Louisiana.

LCPA proudly recognized six members whose dedication, innovation, and leadership have elevated the CPA profession and enriched their communities. Meet these impressive Louisiana CPA leaders.

Emergency Ruling – Louisiana Fortified Roof Tax Credit Program

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

Read the latest on the Filing Relief for Natural Disasters Act (H.R. 517) — a critical piece of legislation LCPA strongly supported — that is now headed to the President’s desk for signature.

A revised version of the budget bill that passed a procedural vote in the Senate on Saturday would preserve the state and local tax (SALT) deduction for certain passthrough businesses, including accounting firms ­— a victory for the AICPA and state CPA societies if that language becomes law.

In a letter to the Senate Finance Committee Chairman and Ranking Member, the American Institute of CPAs (AICPA), together with 53 state CPA societies, raised serious concerns with the removal of the pass-through entity tax (PTET) deduction of state and local taxes, which has helped to provide some parity between corporations and pass-throughs.

This morning, the AICPA and state CPA societies in 53 states and jurisdictions sent a letter to the Senate Committee on Finance urging the retention of the ability for all pass-through entities to deduct state and local taxes at the entity level.

The Senate is considering a sweeping bill that will unfairly increase taxes for local accountants, pharmacists, dentists, and others — but retain deductions for large corporations. The legislative package, known as the “big beautiful bill,” would eliminate state and local taxes (SALT) for pass-through entities (PTEs). Since the majority of U.S. businesses are structured as PTEs, the bill will have massive implications for the [state] economy and regional accounting firms. By June 13, call or email our senators and urge them to preserve the existing PTET SALT deductions for all businesses.

AICPA has requested that all members contact Congressional Representatives by tomorrow, Wed., May 21 to preserve the PTET SALT deduction. More details along with sample email language and congressional contact information provided.

As the Louisiana filing deadline nears, Jerry Schreiber recaps the "what you need to know" to make it through.

Consistent with the U.S. Department of the Treasury’s March 2, 2025 announcement, the FinCEN is issuing an interim final rule that removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) to FinCEN under the Corporate Transparency Act.

Read about changes to Louisiana’s individual income tax as enacted by Act 11 of the 2024 Third Extraordinary Session of the Louisiana Legislature. Click and save the RIB.

Read AICPA's statement on the BOI enforcement freeze noting further clarification is needed.

With respect to the CTA, Treasury will not enforce any penalties or fines associated with the beneficial ownership information reporting rule under the existing regulatory deadlines, but it will further not enforce any penalties or fines against U.S. citizens or domestic reporting companies or their beneficial owners after the forthcoming rule changes take effect either.

Read about FinCEN's interim final rule that extends BOI reporting deadlines.

LCPA's Advocacy Team navigates the noise to bring you clear, concise updates on the issues that matter most.

The 2024 Third Extraordinary Session resulted in substantive reforms to hundreds of taxrelated statutes with an effective date of January 1, 2025.

A special thank you to Gerry Schreiber and Beth Brennan for preparing the attached article, which offers valuable insights into The Federal Disaster Tax Relief Act of 2023. We will continue to inform you about related guidance and specifics as they become available.