The owner of LUMA Capital, LLC, in Lafayette, Louisiana, James Castille is an experienced certified public accountant. The go-to financial consultant for many business owners in Louisiana, James Castille is a member of the Society of Louisiana CPAs (LCPA).
LCPA is the premier organization for accounting professionals in the state. It advocates for the profession, educating legislators at all levels of government on the key issues impacting CPAs as well as the businesses and citizens they serve.
LCPA has had significant legislative impact over the years. Within the profession, for example, LCPA supported legislation that was passed establishing Louisiana as a no notification, no fee state. This enabled CPAs to move in and out of the state without notifying the state board. They are only required to notify the board if they audit a company in the state. The organization also supported laws that provided CPAs with the same confidentiality privileges with their clients that attorneys enjoy with theirs. The legislation also changed how CPAs’ records could be obtained through subpoenas.
Outside the profession, LCPA helped to prevent the introduction of legislation that would have imposed a sales tax on professional services, supported legislation lowering the penalty rate for late payments of individual taxes to 0.5 percent per month, and supported legislation authorizing the creation of registered limited liability partnerships (RLLPs), making Louisiana one of only two states in the country to do so. RLLPs provide tort protection similar to that granted to LLCs, but without the tax complexities.
LCPA is the premier organization for accounting professionals in the state. It advocates for the profession, educating legislators at all levels of government on the key issues impacting CPAs as well as the businesses and citizens they serve.
LCPA has had significant legislative impact over the years. Within the profession, for example, LCPA supported legislation that was passed establishing Louisiana as a no notification, no fee state. This enabled CPAs to move in and out of the state without notifying the state board. They are only required to notify the board if they audit a company in the state. The organization also supported laws that provided CPAs with the same confidentiality privileges with their clients that attorneys enjoy with theirs. The legislation also changed how CPAs’ records could be obtained through subpoenas.
Outside the profession, LCPA helped to prevent the introduction of legislation that would have imposed a sales tax on professional services, supported legislation lowering the penalty rate for late payments of individual taxes to 0.5 percent per month, and supported legislation authorizing the creation of registered limited liability partnerships (RLLPs), making Louisiana one of only two states in the country to do so. RLLPs provide tort protection similar to that granted to LLCs, but without the tax complexities.
