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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...
07/10/2026

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.

This week's case highlights how internal collusion can undermine even trusted organizations.

According to federal prosecutors, a former city employee pleaded guilty to helping embezzle and launder $1.5 million in public funds by using four secret bank accounts over a 12-year period. The scheme allegedly involved diverting federal grant money and using stolen funds for political contributions and other personal expenditures.

Fraud often requires more than opportunityโ€”it thrives when oversight is lacking. Could something similar happen at your organization, or do you have the controls in place to detect it?

Read the full case: https://loom.ly/5mqzCbE

Happy Independence Day from Darnall, Sikes & Frederick! ๐ŸŒŸWishing our clients, colleagues and communities a safe and joyf...
07/04/2026

Happy Independence Day from Darnall, Sikes & Frederick! ๐ŸŒŸ

Wishing our clients, colleagues and communities a safe and joyful holiday as we celebrate our nationโ€™s independence.

๐Ÿ‡บ๐Ÿ‡ธโค๏ธ๐Ÿค๐Ÿ’™ Celebrating Americaโ€™s 250th Independence Day! ๐Ÿ’™๐Ÿคโค๏ธ๐Ÿ‡บ๐Ÿ‡ธToday, our Lafayette office showed their patriotic spirit as ...
07/02/2026

๐Ÿ‡บ๐Ÿ‡ธโค๏ธ๐Ÿค๐Ÿ’™ Celebrating Americaโ€™s 250th Independence Day! ๐Ÿ’™๐Ÿคโค๏ธ๐Ÿ‡บ๐Ÿ‡ธ

Today, our Lafayette office showed their patriotic spirit as we celebrate 250 years of American freedom, opportunity, and community. We're proud to honor the values that have shaped our nation while recognizing the dedicated professionals who help us serve our clients and communities every day.

From all of us at Darnall, Sikes & Frederick, we wish you a safe and happy Independence Day filled with family, friends, and celebration! ๐ŸŽ†๐ŸŽ‡

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...
06/26/2026

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.

This week's case is a reminder that procurement fraud can hide in plain sight.

Authorities allege a hospital employee stole $2.5 million in medical supplies by making excessive purchases and reselling the inventory to a third party.

Regularly comparing expected versus actual purchasing costs can help uncover unusual spending patterns before losses escalate.

Read more: https://loom.ly/fXBoAq0

Congratulations to the Darnall, Sikes & Frederick team members serving on the ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ“โ€“๐Ÿ๐ŸŽ๐Ÿ๐Ÿ” ๐‹๐จ๐ฎ๐ข๐ฌ๐ข๐š๐ง๐š ๐’๐จ๐œ๐ข๐ž๐ญ๐ฒ ๐จ๐Ÿ ๐‚๐๐€๐ฌ (๐‹๐‚๐๐€)...
06/25/2026

Congratulations to the Darnall, Sikes & Frederick team members serving on the ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ“โ€“๐Ÿ๐ŸŽ๐Ÿ๐Ÿ” ๐‹๐จ๐ฎ๐ข๐ฌ๐ข๐š๐ง๐š ๐’๐จ๐œ๐ข๐ž๐ญ๐ฒ ๐จ๐Ÿ ๐‚๐๐€๐ฌ (๐‹๐‚๐๐€) ๐€๐œ๐š๐๐ข๐š๐ง๐š ๐‚๐ก๐š๐ฉ๐ญ๐ž๐ซ ๐๐จ๐š๐ซ๐!

We are proud to recognize:

โœจ ๐‚๐ก๐ž๐ซ๐ข๐ž ๐๐š๐ฏ๐š๐ซ๐ซ๐ž, ๐‚๐๐€ โ€“ President
โœจ ๐๐ข๐œ๐จ๐ฅ๐ž ๐๐ซ๐ฎ๐œ๐ก๐ž๐ณ, ๐‚๐๐€ โ€“ Member At-Large
โœจ ๐“๐ข๐ง๐  ๐‰๐ข๐š๐ง๐ , ๐‚๐๐€, ๐‚๐•๐€ โ€“ New Member At-Large
โœจ ๐ƒ๐ฒ๐ฅ๐š๐ง ๐…๐ฎ๐ฌ๐ž๐ฅ๐ข๐ž๐ซ, ๐‚๐๐€ โ€“ Emerging CPA

Our team had a wonderful time celebrating at the LCPA Acadiana Chapter's Election of Officers & Social, connecting with fellow professionals and kicking off another year of leadership and service within the accounting community.

Congratulations to Cherie, Nicole, Ting and Dylan! Thank you for your commitment to the profession and for representing Darnall, Sikes & Frederick throughout Acadiana.

Growth is exciting, but it can also create new tax considerations.As businesses expand, itโ€™s important to revisit:โ€ข Enti...
06/18/2026

Growth is exciting, but it can also create new tax considerations.

As businesses expand, itโ€™s important to revisit:
โ€ข Entity structure
โ€ข Payroll obligations
โ€ข Multi-state and international tax exposure
โ€ข Equipment purchases
โ€ข Quarterly tax estimates

Planning ahead can help businesses scale more efficiently while avoiding costly surprises down the road.

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...
06/12/2026

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.

This week's case highlights an alleged $3 million fraud scheme inside a commercial cleaning company. Authorities charged a former operations manager and eight others, alleging they diverted payroll funds to family members and approved payments on fraudulent subcontractor invoices.

The scheme was uncovered during a corporate restructuring that revealed unusual transactions. While investigators believe the fraud may have lasted nearly 15 years, record retention limitations restricted the company's review to records dating back to 2015.

Cases involving multiple participants can be extremely difficult for internal controls to detect. This serves as a reminder of the importance of strong oversight, employee screening and ongoing fraud risk monitoring.

https://loom.ly/9eBUV2c

Tax deadlines donโ€™t always end in April.Businesses and individuals should stay aware of upcoming filing requirements, es...
06/10/2026

Tax deadlines donโ€™t always end in April.

Businesses and individuals should stay aware of upcoming filing requirements, estimated payment due dates and extension deadlines throughout the year. Missing key dates can lead to unnecessary penalties and added stress.

A proactive approach and a trusted accounting partner can help keep everything on track.

Looking for ways to lower taxable income while investing in your future?Retirement contributions may offer valuable tax ...
06/04/2026

Looking for ways to lower taxable income while investing in your future?

Retirement contributions may offer valuable tax advantages for both individuals and business owners. Depending on your situation, options like IRAs, 401(k)s and SEP plans can help reduce current tax liability while supporting long-term financial goals.

Working with a trusted advisor can help ensure youโ€™re maximizing available opportunities before key deadlines.

๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐™๐จ๐ง๐ž ๐ˆ๐ง๐ฏ๐ž๐ฌ๐ญ๐ฆ๐ž๐ง๐ญ๐ฌ: ๐–๐ก๐š๐ญโ€™๐ฌ ๐‚๐ก๐š๐ง๐ ๐ข๐ง๐ ?The One Big Beautiful Bill Act (OBBBA) introduces key updates to Qualified...
06/02/2026

๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐™๐จ๐ง๐ž ๐ˆ๐ง๐ฏ๐ž๐ฌ๐ญ๐ฆ๐ž๐ง๐ญ๐ฌ: ๐–๐ก๐š๐ญโ€™๐ฌ ๐‚๐ก๐š๐ง๐ ๐ข๐ง๐ ?

The One Big Beautiful Bill Act (OBBBA) introduces key updates to Qualified Opportunity Zone (QOZ) investments, creating new tax planning opportunities for investors.

๐Ÿ” Highlights include:
โ€ข Continued capital gains tax deferral and reduction opportunities
โ€ข Reduced "substantial improvement" threshold (100% โ†’ 50%)
โ€ข Updated reporting requirements for Qualified Opportunity Funds
โ€ข Tax benefits tied to 5-, 7- and 10-year holding periods
โ€ข Potential basis step-ups for long-term investments

In our latest blog, ๐๐ž๐ญ๐ก๐š๐ง๐ฒ ๐–๐ž๐›๐ซ๐ž explains what these changes could mean for investors and their advisors.

๐Ÿ‘‰ Read more: https://loom.ly/1sRzNWk

Address

2000 Kaliste Saloom Road
Lafayette, LA
70508

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Alerts

Be the first to know and let us send you an email when Darnall, Sikes & Frederick CPAs posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Share

Category