Services

Home » Services » Tax

Tax

Achieving tax savings is a universal financial goal. When tax burdens decrease your available financial resources, you need advice and guidance from financial professionals who know how to address tax challenges and seize tax-saving opportunities.

The Tax Cuts and Jobs Act of 2017 brought tax reform and changes that will impact just about every individual, business and organization in some way. The biggest question you most likely have is, “How does it affect me?”

Whether you’re trying to determine which entity is best for your next hospitality venture or turning to tax planning to help grow your construction business, seeking tax advice and advocacy is key to achieving your immediate and long-term business and personal objectives in relation to the new tax codes.

The Ericksen Krentel team of tax advisors is experienced at serving the needs of a diverse client base, with an understanding of the tax compliance and regulatory issues facing organizations ranging in size from startups to large corporations. Our individual, fiduciary and private foundation clients also cover a range of situations, including:

  • Federal, state and local tax return preparation and compliance
  • Tax planning and consulting
  • Mergers, sales and acquisitions
  • Entity selection and capital structure
  • Trust and estate planning
  • Cost segregation
  • Tax incentive and tax credit consulting including:
    • Work Opportunity Tax Credit
    • Enterprise zone
    • Historic restoration tax credit

Ericksen Krentel’s tax professionals understand the intricacies of tax management. Whether you are balancing your business books or your personal portfolio, our specialists can lead you through the maze of tax management. Working with our tax professionals will enable you to identify critical issues and benefit from a wealth of technical experience.

That includes helping you strategically plan for and better leverage:

  • Industry-specific tax services
  • Commodity tax services
  • SALT (State and Local Taxes)
  • Property tax services
  • Research and development tax credit services
  • Business financing, acquisitions, reorganizations and sales

Planning

Estate Planning

Blog

Your knowledge source for achieving your business and personal financial goals.

COVID-19 Updates: What You Need to Know

As COVID-19 (coronavirus) continues to spread throughout the New Orleans metropolitan area, we want to provide you with information on the precautions we are taking to protect the welfare and safety of our clients and staff while still providing the efficiency and quality you expect from Ericksen Krentel.

IRS Clarifies Guidance on PPP Loan Forgiveness Deductions

With the end of 2020 rapidly approaching and recipients of the U.S. Small Business Administration’s Paycheck Protection Program loans seeking to ensure maximum forgiveness, the IRS has issued clarifications for deductions of otherwise deductible expenses if PPP loan proceeds were used to pay the eligible expenses. Eligible expense includes: