Hodges & Wreyford LLC.

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

If you work remotely and split your time between two states during the year, it can create state tax issues. A state wit...
09/24/2026

If you work remotely and split your time between two states during the year, it can create state tax issues. A state with an income tax generally can tax all income of its residents and income earned within its borders by nonresidents. Residency rules vary but may consider your domicile, days spent in the state and whether you maintain a home is there. Your domicile is generally your true, fixed, permanent home — the place you intend to return to. Some states may treat you as a resident for income tax purposes if you maintain a home and spend a specified number of days there. Contact us at (318) 725-2272 to review your situation and help determine whether you may have tax obligations in more than one state.

If you were born in 1960 or later, you can start taking “full” Social Security benefits when you turn age 67. But should...
09/23/2026

If you were born in 1960 or later, you can start taking “full” Social Security benefits when you turn age 67. But should you? It may depend on your health, retirement income and other factors. If possible, try to delay taking benefits until you’re age 70, when you’ll receive larger monthly payments. In fact, benefits increase by 8% each year you delay taking them! For more about Social Security and funding your retirement, call us at (318) 725-2272.

An external audit provides reasonable assurance that your financial statements are free from material misstatement, but ...
09/22/2026

An external audit provides reasonable assurance that your financial statements are free from material misstatement, but it doesn’t examine every transaction or guarantee it will detect all errors or fraud. Lenders, investors, surety companies or government agencies may require a business to provide audited financial statements. Even when an audit isn’t required, audited statements may strengthen the credibility of your financial reporting with stakeholders. Whether an audit is required or voluntary, early preparation can make the process more efficient. Call us at (318) 725-2272 to discuss your upcoming audit and identify steps you can take now to get your books and records audit-ready.

Business owners: Should you use cash to pay federal tax debt or keep it for operational needs? Paying the IRS sooner may...
09/21/2026

Business owners: Should you use cash to pay federal tax debt or keep it for operational needs? Paying the IRS sooner may ease stress and reduce penalties, but draining cash can disrupt operations, payroll and growth. There’s no one-size-fits-all answer. In many cases, the IRS offers options — such as installment agreements, temporary collection holds or penalty relief — that may help you stay compliant while preserving cash flow. The biggest risk is choosing extremes, either depleting cash reserves or ignoring the issue. A balanced strategy often works best. Call us at (318) 725-2272. We can review your options and help you create a plan.

Many individuals invest in real estate to help diversify their portfolio, create an income stream for themselves from re...
09/17/2026

Many individuals invest in real estate to help diversify their portfolio, create an income stream for themselves from rental income and build net worth over time. Income and losses from investment real estate are considered passive by definition — unless you’re a real estate professional. Even then, you generally must “materially participate” in a rental activity for it to be treated as nonpassive. Why is this important? Passive income may be subject to the 3.8% net investment income tax on top of any income tax otherwise due, and passive losses are deductible only against passive income, with the excess carried forward. Call us at (318) 725-2272 to discuss tax planning for your investment real estate.

There are several benefits to having an estate plan. It can protect your wealth while giving you peace of mind that your...
09/16/2026

There are several benefits to having an estate plan. It can protect your wealth while giving you peace of mind that your assets will be distributed according to your intentions. In addition, it can save taxes, minimize legal complications and family disputes, and reduce expenses for your heirs. Do you have young children? An estate plan is a must so you can name guardians for them in the event of your untimely death. If you’re ready to begin your estate planning journey, or if you’d like us to review your current plan, contact us at (318) 725-2272.

Does your business need to report deferred taxes? These accounting rules generally apply to businesses subject to entity...
09/15/2026

Does your business need to report deferred taxes? These accounting rules generally apply to businesses subject to entity-level income taxes that prepare GAAP financial statements. Deferred taxes often arise when income is recognized differently for book and tax purposes. Under GAAP, deferred tax assets are recorded for expected future tax benefits from deductible temporary differences and carryforwards related to capital losses, net operating losses or tax credits. Conversely, deferred tax liabilities reflect the expected future tax effects of taxable temporary differences. Contact us at (318) 725-2272 for help accounting for deferred taxes and interpreting the effects on financial statements.

Grabbing lunch with a client doesn’t just build rapport. It can also trim your tax bill. Under federal tax law, you can ...
09/14/2026

Grabbing lunch with a client doesn’t just build rapport. It can also trim your tax bill. Under federal tax law, you can generally deduct 50% of qualifying business meal costs. Whether you're dining with clients, partners or employees, these deductions can reduce your taxable income. Keep detailed records of the expenses, including receipts. Document the business purpose of each meal and the business relationship of the people you dine with. Contact us at (318) 725-2272 with any questions about this deduction.

Teachers and other educators often spend their own money on books, supplies, equipment and other classroom needs. For 20...
09/10/2026

Teachers and other educators often spend their own money on books, supplies, equipment and other classroom needs. For 2026, eligible educators may have two ways to deduct qualifying unreimbursed expenses: A deduction of up to $350 is available whether or not they itemize, and a new deduction with no dollar cap is available to itemizers. Educators eligible for both deductions can first claim the above-the-line deduction and reap the benefits of reducing their adjusted gross income and, if they have eligible expenses in excess of $350, claim the itemized deduction for those excess expenses. (Educators can’t claim both deductions for the same expenses.) Contact us at (318) 725-2272 to see if you may be eligible.

Applying for a business loan can feel like a catch-22. On one side of the desk is the risk-averse lender, who’s willing ...
09/09/2026

Applying for a business loan can feel like a catch-22. On one side of the desk is the risk-averse lender, who’s willing to loan money only to successful business owners. On the other side is the business owner, who needs the funds to grow and be successful! To avoid this paradox, approach a loan as a partnership rather than a provider-customer interaction. After all, if you were going into business with someone, you’d want to clearly understand their vision for the venture. Contact us at (318) 725-2272 for help effectively presenting your business plan and financials to prospective lenders.

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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