by Kristian A. Gerrets | Feb 3, 2022 | Article, News, Taxation
The 2021 Louisiana Legislature boldly set out to enact bona fide tax reform in a state that was, by all accounts, in desperate need of it. The goal was to provide for a more stable annual state budget (on the supply side) while curing what many in the business...
by Kristian A. Gerrets | Jan 13, 2022 | Article, News, Taxation
On December 10, 2021, the Louisiana Supreme Court affirmed the decision of the Third Circuit Court of Appeal in Calcasieu Parish School Board Sales & Use Department, et al. v. Nelson Industrial Steam Company (“NISCO”), in which it held that the 2016 statutory...
by Kristian A. Gerrets | Nov 11, 2021 | News
Transfer pricing examines the reasonableness of prices negotiated within transactions involving related parties (e.g., intercompany transactions). Those prices would usually be audited by the LDR during the course of a regular corporate income tax audit. Due to...
by Kristian A. Gerrets | Feb 17, 2021 | Article
By Kristian A. Gerrets & Geoff Campbell February 12, 2021 Sales tax audits are nobody’s idea of a good time. Frankly, going through one is about the equivalent of getting your wisdom teeth pulled without an anesthetic. Another thing we can all agree upon is that...
by Kristian A. Gerrets | Jan 4, 2021 | Article
By: Kristian A. Gerrets Prepared by Advantous Consulting on December 18, 2020 Say what you want, but nobody will ever forget the year 2020. For all of the past year’s shortcomings and betrayals (of which there were many), it was also a year that brought out...