Hodges & Wreyford LLC.

Hodges & Wreyford LLC. A small regional public CPA firm offering Audit, Accounting, Payroll, Tax and Consulting services

Your 2025 individual income tax return can provide a treasure trove of tax-planning ideas for 2026. We can dig into your...
06/17/2026

Your 2025 individual income tax return can provide a treasure trove of tax-planning ideas for 2026. We can dig into your 1040 and uncover potential strategies you can implement this year to reduce your 2026 taxes. We also can assist with filing extended 2025 returns. Call us at (318) 725-2272 to set up an appointment.

U.S. Generally Accepted Accounting Principles (GAAP) is widely perceived as the “gold standard” in financial reporting. ...
06/16/2026

U.S. Generally Accepted Accounting Principles (GAAP) is widely perceived as the “gold standard” in financial reporting. However, many businesses supplement their GAAP financials with non-GAAP metrics to help stakeholders make better-informed decisions. For example, earnings before interest, taxes, depreciation and amortization (EBITDA) can provide insight into your business’s cash flow and long-term profitability. Because non-GAAP measures aren’t governed by a single set of accounting standards, calculations can vary significantly. So detailed disclosures are critical for reliable comparisons. Call us at (318) 725-2272 for help presenting your financial results consistently and transparently.

If you have unfiled tax returns, getting back on track may be easier than you think. But the longer you wait, the more c...
06/15/2026

If you have unfiled tax returns, getting back on track may be easier than you think. But the longer you wait, the more costly it becomes. The IRS charges a failure-to-file penalty of 5% per month (up to 25%) of the unpaid tax. There’s also a separate failure-to-pay penalty of 0.5% per month (up to 25%) of the unpaid tax. If both apply in the same month, the combined penalty is generally 5% per month. Returns over 60 days late are subject to a minimum penalty. Filing, even if you can’t pay in full, can reduce penalties and open the door to payment plans or other relief options. Call us at (318) 725-2272 for help.

If you participate in a company 401(k) plan, there may be an option to add to your retirement nest egg that you’re not a...
06/11/2026

If you participate in a company 401(k) plan, there may be an option to add to your retirement nest egg that you’re not aware of: after-tax, non-Roth contributions. These contributions aren’t subject to the annual elective deferral limit ($24,500 for 2026, plus catch-up contributions if you’re age 50 or older). So, if your plan allows, you can make them after you’ve maxed out your deferral limit, including catch-up contributions, if applicable. They create tax basis in your account that can eventually be withdrawn tax-free. And growth on the money won’t be taxed until you start taking withdrawals. We can review your situation and help you determine whether you might benefit. Contact us at (318) 725-2272.

F**A taxes on W-2 wages are split equally between employee and employer. For self-employment income, you pay both halves...
06/10/2026

F**A taxes on W-2 wages are split equally between employee and employer. For self-employment income, you pay both halves, but the “employer” half is deductible. If you own and work in a business structured as a partnership, the income passing through to you for income tax purposes generally is also subject to self-employment taxes, even if it isn’t distributed to you. If your income exceeds certain levels, you also could be subject to the 0.9% additional Medicare tax. Call us at (318) 725-2272 to review your situation.

Don’t underestimate how overhead costs can affect your business’s profitability. Indirect expenses — such as rent, utili...
06/09/2026

Don’t underestimate how overhead costs can affect your business’s profitability. Indirect expenses — such as rent, utilities, insurance and administrative costs — often grow quietly over time. Allocating overhead costs across products, services, projects or clients can provide greater insight into profitability. A disciplined allocation approach can help you identify underperforming products or services, evaluate expansion opportunities, and make better-informed pricing decisions. Reviewing your allocation methods periodically is especially important as labor, technology and operating costs change. Call us at (318) 725-2272 to discuss practical strategies for managing overhead and improving your bottom line.

Your financial life is more interconnected than you may realize. Your tax, retirement and estate planning should work to...
06/08/2026

Your financial life is more interconnected than you may realize. Your tax, retirement and estate planning should work together to support your goals today and protect your legacy tomorrow. We can help you bring it all together with a coordinated strategy to reduce taxes, build retirement savings and achieve your estate planning objectives. Contact us at (318) 725-2272.

If you donate artwork to charity, the deduction you can claim depends on several factors, including the type of organiza...
06/04/2026

If you donate artwork to charity, the deduction you can claim depends on several factors, including the type of organization receiving the piece and how it will be used. Your deduction will generally be reduced if the charity’s use of the artwork is unrelated to the purpose or function that’s the basis for its qualification as a tax-exempt organization. The reduction equals the amount of capital gain you would have realized had you sold the artwork instead of giving it to charity. Other deduction limits as well as special substantiation and appraisal rules also may apply. If you’re considering donating artwork or other valuable property, contact us at (318) 725-2272 for help ensuring the best tax outcome.

A mission statement is a concise, formal declaration of a business’s core purpose. The right one can serve as a rallying...
06/03/2026

A mission statement is a concise, formal declaration of a business’s core purpose. The right one can serve as a rallying cry for employees and a powerful marketing tool that attracts customers and drives revenue. So, whether you’re writing one for the first time or revising it during a rebrand, craft yours carefully. It can have a surprising impact on your bottom line. Please call us at (318) 725-2272 for help aligning your company’s core purpose with its financial parameters and strategic objectives.

When it comes to financial reporting, accuracy matters. But so does clarity. Many stakeholders — including board members...
06/02/2026

When it comes to financial reporting, accuracy matters. But so does clarity. Many stakeholders — including board members, donors, employees and investors — don’t have accounting backgrounds and may struggle to interpret complex financial data. Using plain language, engaging visuals and key benchmarks can turn complicated financial data into something more useful and actionable. We can help you develop financial reports and presentations that improve stakeholder understanding of your organization’s performance and enable better-informed decisions. Call us at (318) 725-2272 to learn more.

Address

920 Pierremont Road Ste 407
Shreveport, LA
71106

Opening Hours

Monday 8am - 5pm
Tuesday 8am - 5pm
Wednesday 8am - 5pm
Thursday 8am - 5pm
Friday 8am - 5pm

Telephone

+13187252272

Website

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