Postlethwaite & Netterville

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Services : Tax

The P&N Tax Services Group has a knowledgeable, experienced team of advisors who can consult with you on the latest state and federal tax pronouncements. Our services include:

  • Corporate, partnership, and personal tax planning and compliance
  • Mergers, sales and acquisitions
  • Review of entity structure and capital structure
  • Tax conversions and transitions
  • Tax research and representation
  • Multi-state tax compliance
  • Sales, use, and property tax consulting
  • Cost segregation studies

Gulf Opportunity (GO) Zone

The Gulf Opportunity Zone Act of 2006 established tax incentives and bond provisions to rebuild the local and regional economies devastated by hurricanes Katrina and Rita. The provisions of the GO Zone apply to a limited number of parishes in Louisiana. There are 37 parishes eligible for some provisions of the GO Zone Act.

The key areas of incentives are:

  • Tax-exempt bond financing
  • GO Zone bonus depreciation
  • Increased Section 179 expensing
  • Enhanced net operating loss carryback
  • Increased tax credit for rehabilitation expenditures
  • Cleanup, remediation, and time reforestation costs
  • Enhancement of low-income hoursing tax credits
  • Work Opportunity Tax Credit
  • Employee Retention Credit
  • Personal casualty losses
  • New Markets Tax Credits
  • Renewal Community Tax Credits

P&N's tax advisors can help you sort through the maze of incentives and provide financial analysis to compare these incentives in the context of the existing tax law.

The P&N Tax Services Group co-authored The Louisiana Guide to the Gulf Opportunity Zone, which is available online, as well as Client Alerts regarding tax deadline extensions and related pronouncements.

 
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