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Author Archives: Lynn Lofton

State CPAs see mixed results on delayed tax filing deadline

By LYNN LOFTON In March the Internal Revenue Service extended the deadline for filing 2019 federal income tax returns from April 15 until July 15 applying to all individual returns, trusts, and corporations. This relief was automatic with taxpayers not needing to file any additional forms or calling the IRS to qualify. With the new deadline in place, are individuals ...

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Walmart hires in Mississippi grow during COVID-19

By LYNN LOFTON As one of the state’s leading employers, Walmart has a total of 85 retail outlets that includes 65 super centers, three discount stores, 10 neighborhood markets and seven Sam’s Clubs in Mississippi. As of January 31, the company had 23,313 employees. No exact figures were available for Mississippi, but that number has undoubtedly grown due to the ...

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Financial planners trying to calm clients fears

By LYNN LOFTON As the volatile financial and medical environment have the country in their grip, financial advisers across the state are doing their best to calm clients. All say it’s a tough time and advice is based on clients’ specific situations. Matt Ballew of Ballew Wealth Management began his company in 1979 and says the corona virus has put ...

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Courts carry on, even in a pandemic

By LYNN LOFTON As in every facet of current life, the COVID-19 pandemic is affecting the way the  state’s court system conducts business. Beginning in mid March, the Mississippi Supreme Court has issued emergency administrative orders pertaining to court operations, appropriate steps to protect public heath and safety, the release of pre-trial detainees, and authorization for  trial judges to delay ...

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Sanderson Farms remains focused on quality service

By LYNN LOFTON The current health concerns are accompanied by economic concerns as businesses remain closed and the stock market takes a beating. As the third largest poultry producer in the country and the  only Fortune 1000 company headquartered in Mississippi, Sanderson Farms has been proactively reassuring customers, bankers and investors. CEO Joe Sanderson and Vice President Mike Cockrell shared ...

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State’s banks adapting business model to deal with COVID-19

By LYNN LOFTON Banks, like all businesses, are adapting their business model to the reality of dealing with the COVID-19 pandemic. For some that means giving special consideration to customers who miss loan payments due to unemployment. Another change is limiting transactions to drive-through windows and inside banking by appointment. One of those financial institutions making a change is Gulfport ...

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Stinson stays ahead of the curve in keeping his Coast restaurants open

By LYNN LOFTON These are troubling times for small businesses as they try to adapt to keep their companies operating and employees working. Restaurants and bars have been especially hard hit as people are not allowed to dine in among groups of more than 10 and in some cases not at all. A Gulf Coast business, Gulf Coast Holdings LLC, ...

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Closing of Triplett-Day Pharmacy will be the end of an era

By LYNN LOFTON On March 31 an era ends in downtown Gulfport when Triplett-Day Drug Store closes its doors after 65 years of business. It’s not just the sale of prescription drugs, sundries and gifts but also the cafe and lunch counter that have endeared the store to customers. Located on the corner of Highway 49 and 14th Street, the ...

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Casinos offline means loss of $35.7 million to state over three months

By LYNN LOFTON The coronavirus pandemic has done what heretofore only hurricanes and floods have done: closed Mississippi’s 26 state-regulated casinos. The State Gaming Commission ordered the temporary closing to begin at midnight on March 16. To date, officials do not know when they will reopen. With the casinos shuttered, more than 19,000 employees are out of work and the ...

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LYNN LOFTON — A personal look at this pandemic

Okay, so yes, this coronavirus is serious business and we’re all scared ’cause we’ve never seen anything like it before. But hello, there are some sort of nutty things about the reaction that I don’t understand. Like this thing about buying up all the toilet paper. What’s that about? It’s one of the few things that doesn’t come from China, ...

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