Darnall, Sikes & Frederick CPAs

Darnall, Sikes & Frederick CPAs In the world of business, problems arise every day. Keep your business moving forward with Darnall, Sikes & Frederick.

๐๐ฅ๐š๐ง ๐€๐ก๐ž๐š๐ ๐Ÿ๐จ๐ซ ๐„๐ช๐ฎ๐ข๐ฉ๐ฆ๐ž๐ง๐ญ ๐๐ฎ๐ซ๐œ๐ก๐š๐ฌ๐ž๐ฌBusinesses considering equipment, technology or vehicle purchases should evaluate pote...
08/28/2026

๐๐ฅ๐š๐ง ๐€๐ก๐ž๐š๐ ๐Ÿ๐จ๐ซ ๐„๐ช๐ฎ๐ข๐ฉ๐ฆ๐ž๐ง๐ญ ๐๐ฎ๐ซ๐œ๐ก๐š๐ฌ๐ž๐ฌ

Businesses considering equipment, technology or vehicle purchases should evaluate potential tax benefits before making major investments.

Review:
โ€ข Equipment replacement needs
โ€ข Technology upgrades
โ€ข Vehicle purchases
โ€ข Available depreciation deductions
โ€ข Cash flow impact

Strategic planning can help maximize available tax incentives while supporting your company's long-term growth goals.

๐„๐ง๐ก๐š๐ง๐œ๐ž๐ ๐‚๐ก๐ข๐ฅ๐ ๐“๐š๐ฑ ๐‚๐ซ๐ž๐๐ข๐ญ: ๐–๐ก๐š๐ญ ๐…๐š๐ฆ๐ข๐ฅ๐ข๐ž๐ฌ ๐๐ž๐ž๐ ๐ญ๐จ ๐Š๐ง๐จ๐ฐThe One Big Beautiful Bill Act (OBBBA) includes important updates t...
08/27/2026

๐„๐ง๐ก๐š๐ง๐œ๐ž๐ ๐‚๐ก๐ข๐ฅ๐ ๐“๐š๐ฑ ๐‚๐ซ๐ž๐๐ข๐ญ: ๐–๐ก๐š๐ญ ๐…๐š๐ฆ๐ข๐ฅ๐ข๐ž๐ฌ ๐๐ž๐ž๐ ๐ญ๐จ ๐Š๐ง๐จ๐ฐ

The One Big Beautiful Bill Act (OBBBA) includes important updates to the Child Tax Credit, providing additional tax relief for many families. ๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘งโ€๐Ÿ‘ฆ

In our latest staff blog, Kathryn Carrere explains how Section 70104 permanently enhances the Child Tax Credit and what it could mean for taxpayers with qualifying children.

Key highlights include:

โ€ข The maximum Child Tax Credit increases to $2,200 per qualifying child.
โ€ข Up to $1,700 may be refundable for eligible taxpayers.
โ€ข Income phaseout thresholds remain at $200,000 for single filers and $400,000 for married couples filing jointly.
โ€ข Eligible families may reduce their federal tax liability and, in some cases, receive a refund.

These changes could provide meaningful tax savings for many households.

๐Ÿ‘‰ Read the full article to learn who qualifies and how these enhancements may benefit your family.
https://loom.ly/yRqdaxA

๐‘๐ž๐ฏ๐ข๐ž๐ฐ ๐˜๐จ๐ฎ๐ซ ๐Œ๐ข๐-๐˜๐ž๐š๐ซ ๐“๐š๐ฑ ๐๐จ๐ฌ๐ข๐ญ๐ข๐จ๐งThe middle of the year is a great time to evaluate your tax situation and make adjustme...
08/26/2026

๐‘๐ž๐ฏ๐ข๐ž๐ฐ ๐˜๐จ๐ฎ๐ซ ๐Œ๐ข๐-๐˜๐ž๐š๐ซ ๐“๐š๐ฑ ๐๐จ๐ฌ๐ข๐ญ๐ข๐จ๐ง

The middle of the year is a great time to evaluate your tax situation and make adjustments before year-end.

Consider reviewing:
โ€ข Income projections
โ€ข Tax withholding elections
โ€ข Estimated tax payments
โ€ข Major business expenses
โ€ข Upcoming capital investments

Taking action now can help reduce surprises and create opportunities for tax savings before December 31.

๐€ ๐Œ๐ข๐ฅ๐ž๐ฌ๐ญ๐จ๐ง๐ž ๐Ÿ๐จ๐ซ ๐‹๐จ๐ฎ๐ข๐ฌ๐ข๐š๐ง๐šโ€™๐ฌ ๐‚๐๐€ ๐๐ซ๐จ๐Ÿ๐ž๐ฌ๐ฌ๐ข๐จ๐งAt Darnall, Sikes & Frederick, we are excited to see the implementation of Act...
08/25/2026

๐€ ๐Œ๐ข๐ฅ๐ž๐ฌ๐ญ๐จ๐ง๐ž ๐Ÿ๐จ๐ซ ๐‹๐จ๐ฎ๐ข๐ฌ๐ข๐š๐ง๐šโ€™๐ฌ ๐‚๐๐€ ๐๐ซ๐จ๐Ÿ๐ž๐ฌ๐ฌ๐ข๐จ๐ง

At Darnall, Sikes & Frederick, we are excited to see the implementation of Act 653, legislation that creates additional pathways for CPA candidates to earn their credentials in Louisiana.

This progress recently came full circle at the Society of Louisiana CPAsโ€™ Ledgers & Legends Ball, where Darnall, Sikes & Frederickโ€™s Bennett Guidry became one of the first CPAs to benefit from Louisianaโ€™s new CPA pathways.

Bennett received his signed certificate from Louisiana State Board of Certified Public Accountants Chair Lynn Hutchinson and Darnall, Sikes & Frederick Partner and Louisiana State Board of Certified Public Accountants Member Christie Dunn, marking an exciting milestone for both Bennett and the profession.

Effective August 1, Act 653 expanded the pathways available to CPA candidates, helping welcome more talented professionals into the field while maintaining the standards of the CPA designation.

Weโ€™re proud of this important step forward for Louisianaโ€™s accounting profession and especially proud to see one of our own among the first to benefit.

๐‚๐จ๐ง๐ ๐ซ๐š๐ญ๐ฎ๐ฅ๐š๐ญ๐ข๐จ๐ง๐ฌ, ๐๐ž๐ง๐ง๐ž๐ญ๐ญ!

Could someone in a position of authority override your organizationโ€™s internal controls?๐น๐‘Ÿ๐‘Ž๐‘ข๐‘‘ ๐น๐‘Ÿ๐‘–๐‘‘๐‘Ž๐‘ฆ, written by shareho...
08/21/2026

Could someone in a position of authority override your organizationโ€™s internal controls?

๐น๐‘Ÿ๐‘Ž๐‘ข๐‘‘ ๐น๐‘Ÿ๐‘–๐‘‘๐‘Ž๐‘ฆ, written by shareholder Kyle P. Saltzman, CPA, CFE, shares real-world cases every other Friday to help organizations recognize risks and strengthen controls.

In today's case, a former bank branch manager was sentenced to four years in prison for embezzling $655,000. She stole cash from ATMs and the branch vault, then manipulated audit records to conceal the shortages.

The scheme was not uncovered until after she resigned, reinforcing an important reminder: strong internal controls and proper oversight matter at every level of an organization.

Read more about the case: https://loom.ly/doCTrXA

๐๐ž๐ฐ ๐“๐š๐ฑ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐Ÿ๐จ๐ซ ๐Œ๐š๐ง๐ฎ๐Ÿ๐š๐œ๐ญ๐ฎ๐ซ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐๐ซ๐จ๐๐ฎ๐œ๐ž๐ซ๐ฌ The One Big Beautiful Bill Act (OBBBA) introduced a significant ince...
08/13/2026

๐๐ž๐ฐ ๐“๐š๐ฑ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐Ÿ๐จ๐ซ ๐Œ๐š๐ง๐ฎ๐Ÿ๐š๐œ๐ญ๐ฎ๐ซ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐๐ซ๐จ๐๐ฎ๐œ๐ž๐ซ๐ฌ

The One Big Beautiful Bill Act (OBBBA) introduced a significant incentive for businesses investing in production facilities and other qualifying business property.

In our latest staff blog, ๐‡๐š๐ฒ๐ฅ๐ž๐ฒ ๐‘๐จ๐ฆ๐ž๐ซ๐จ explores Section 70307, which allows eligible businesses to claim a 100% first-year depreciation deduction for qualified production property, potentially accelerating tax savings and improving cash flow.

Key highlights include:

โ€ข Immediate deduction of 100% of the cost of qualifying production property.
โ€ข Applies to certain nonresidential real property used in manufacturing, producing, or refining qualified products.
โ€ข Available for property constructed or acquired after January 19, 2025, and placed in service after July 4, 2025.
โ€ข Designed to encourage investment in U.S. production and manufacturing operations.

For businesses planning facility expansions or significant capital investments, this provision may create valuable tax planning opportunities.

๐Ÿ‘‰ Read the full article to learn whether your investment may qualify and how to maximize the potential benefits. https://loom.ly/EWV0SgU

Our Morgan City office is proud to sponsor the 91st Louisiana Shrimp & Petroleum Festival and celebrate the industries, ...
08/12/2026

Our Morgan City office is proud to sponsor the 91st Louisiana Shrimp & Petroleum Festival and celebrate the industries, traditions and community spirit that make South Louisiana so special.

Weโ€™re honored to support a festival that brings our community together while recognizing the people and industries that have helped shape our region for generations. ๐Ÿฆ

Hereโ€™s to celebrating our heritage and the community weโ€™re proud to call home!

๐น๐‘Ÿ๐‘Ž๐‘ข๐‘‘ ๐น๐‘Ÿ๐‘–๐‘‘๐‘Ž๐‘ฆ, written by shareholder Kyle P. Saltzman, CPA, CFE, shares real-world cases every other Friday to help orga...
08/07/2026

๐น๐‘Ÿ๐‘Ž๐‘ข๐‘‘ ๐น๐‘Ÿ๐‘–๐‘‘๐‘Ž๐‘ฆ, written by shareholder Kyle P. Saltzman, CPA, CFE, shares real-world cases every other Friday to help organizations recognize risks and strengthen controls.

A recent case out of Winnipeg is a striking reminder of why financial transparency and strong internal controls matter.

A former finance director is accused of stealing more than $6 million from her non-profit employer in roughly six months. The organization alleges that after removing other employeesโ€™ access to bank card management and financial reporting systems, she initiated millions in questionable charges and transfers and later attempted to conceal the activity from board members.

While these allegations still need to work through the legal system, the case highlights how quickly significant damage can occur when one person has unchecked control over an organizationโ€™s finances.

Segregation of duties, independent oversight and transparency are more than good accounting practicesโ€”theyโ€™re essential safeguards.

๐๐ž๐ฐ ๐“๐š๐ฑ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐Ÿ๐จ๐ซ ๐๐ฎ๐ฌ๐ข๐ง๐ž๐ฌ๐ฌ๐ž๐ฌ ๐ˆ๐ง๐ฏ๐ž๐ฌ๐ญ๐ข๐ง๐  ๐ข๐ง ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก & ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญThe One Big Beautiful Bill Act (OBBBA) changes how...
08/04/2026

๐๐ž๐ฐ ๐“๐š๐ฑ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐Ÿ๐จ๐ซ ๐๐ฎ๐ฌ๐ข๐ง๐ž๐ฌ๐ฌ๐ž๐ฌ ๐ˆ๐ง๐ฏ๐ž๐ฌ๐ญ๐ข๐ง๐  ๐ข๐ง ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก & ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ

The One Big Beautiful Bill Act (OBBBA) changes how domestic research and experimental (R&E) costs are treated for tax purposes.

In our latest staff blog, ๐„๐ฅ๐š๐ซ๐ข๐š ๐†. ๐€๐›๐š๐๐ž๐ซ, ๐‚๐๐€, explains ๐’๐ž๐œ๐ญ๐ข๐จ๐ง ๐Ÿ•๐ŸŽ๐Ÿ‘๐ŸŽ๐Ÿ, which restores the ability for businesses to immediately expense qualifying domestic R&E expenditures instead of amortizing those costs over multiple years.

Key highlights include:
โ€ข Immediate expensing of qualifying domestic R&E costs beginning with tax years after December 31, 2024.
โ€ข Potential retroactive relief for certain small businesses.
โ€ข Application to software development and other qualifying domestic research activities.
โ€ข Continued amortization requirements for foreign R&E expenditures.

These changes may create valuable tax planning opportunities and improve cash flow for qualifying businesses.

๐Ÿ‘‰ Read the full article to learn how Section 70302 could impact your business: https://loom.ly/jK9RP6U

At Darnall, Sikes & Frederick, we're proud to share the expertise and perspectives of our team beyond the office.DSF Sha...
07/30/2026

At Darnall, Sikes & Frederick, we're proud to share the expertise and perspectives of our team beyond the office.

DSF Shareholder ๐‚๐ก๐ซ๐ข๐ฌ๐ญ๐ข๐ž ๐ƒ๐ฎ๐ง๐ง, ๐‚๐๐€, recently joined the ๐ถ๐‘ƒ๐ด๐‘  & ๐ต๐‘’๐‘–๐‘”๐‘›๐‘’๐‘ก๐‘  podcast to discuss her career journey, the importance of building trusted client relationships, leadership in the accounting profession and the evolving needs of today's businesses.

We're proud to see Christie representing DSF and sharing insights that help business owners, professionals and our community navigate today's financial landscape.

Watch the full conversation here: https://loom.ly/J9_cCSw

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