What You Need to Know About Electronic Funds Transfers
Have you received a notice from the Louisiana Department of Revenue saying you will be required to make electronic payments for tax periods due on or after January 1, 2020? If so, here’s some information – and links – to help you make those payments.
Taxpayers whose average payments exceed $5,000 are required to make electronic payments or Electronic Funds Transfers (EFT).
Taxpayers whose payment amounts do not fall within the mandated thresholds may volunteer to pay electronically.
Once a taxpayer is notified they are required to pay electronically, payments not made electronically will be considered delinquent and subject to penalties and interest.
The recommended electronic payment method is the Louisiana Taxpayer Access Point (LaTAP), which can be found by clicking here.
About Ericksen Krentel
Ericksen Krentel CPAs and Consultants, founded in New Orleans, Louisiana in 1960 with offices in New Orleans and Mandeville, believes that serving as the clients’ most trusted adviser is grounded in going beyond the numbers.
That includes helping clients achieve their business and personal financial goals by providing innovative and exceptional services in the following areas: audit and assurance services, tax compliance and planning, outsourced CFO services and business valuations for a variety of industries; employee benefit plan audits; fraud and forensic accounting; business planning; IT consulting; loss calculations; and estate planning.
Learn more at www.ericksenkrentel.com.