As an employer, it's important to ensure that all of your employees are working in a safe environment and performing their job duties effectively. One way to do this is by using the Last 5 form, which is a systematic method of tracking employee performance at regular intervals. Not only does it help you keep tabs on how each employee is faring, but it can also provide useful information for making decisions about salary increases or promotions. In this blog post, we'll explore the purpose of the Last 5 form, its advantages and disadvantages, and look at some tips for getting the best out of this tool.
| Question | Answer |
|---|---|
| Form Name | Lat 5 Form |
| Form Length | 2 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 30 sec |
| Other names | www.latax.state.la.usMenuFormsReportsRegsUploadedINVENTORY, MERCHANDISE, ETC. 20 PERSONAL PROPERTY TAX FORM |
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LAT 5 – INVENTORY, MERCHANDISE, ETC. |
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20___ PERSONAL PROPERTY TAX FORM |
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RETURN TO: |
NAME/ADDRESS: (INDICATE ANY CHANGES) |
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CONFIDENTIAL |
RS: 47:2327. Only the Assessor, the governing authority, and |
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Legal Citation & Instructions: This report shall be filed with the |
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Louisiana Tax Commission shall use this form filled out by |
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Assessor of the parish indicated by April 1st or within |
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the taxpayer solely for the purpose of administering this |
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after receipt, whichever is later, in accordance with RS 47:2324. |
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statute. |
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PROPERTY LOCATION: |
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WARD: |
ASSESSMENT |
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(E911/PHYSICAL ADDRESS) |
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NUMBER: |
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NAME OF BUSINESS: |
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TYPE OF BUSINESS: |
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OWNER OR CONTACT: |
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PHONE: |
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IMPORTANT! |
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AN ITEMIZED DEPRECIATION SCHEDULE, LISTING ASSETS (INCLUDING FULLY DEPRECIATED ITEMS AND/OR |
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EXPENSED ITEMS) SHALL ACCOMPANY THIS REPORT. |
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FIRMS HAVING 10 YEAR EXEMPTIONS SHALL COMPLETE FORM LAT 5A AND ATTACH TO THIS FORM. |
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BANKS ONLY: ATTACH TO THIS REPORT A LIST OF SHAREHOLDERS AND A COPY OF YOUR CONSOLIDATED REPORT |
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OF CONDITION AND CONSOLIDATED REPORT OF INCOME AS FURNISHED TO THE OFFICE OF FINANACE INSTITUTIONS |
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OR TO THE COMPTROLLER OF CURRENCY AS OF DECEMBER, 31ST. |
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SHADED AREAS FOR ASSESSOR’S USE ONLY – USE ATTACHMENTS IF NECESSARY
SECTION 1 – INVENTORIES AND MERCHANDISE
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METHOD OF REPORTING: (CHECK ONE) |
LIFO FIFO |
COST RETAIL |
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OTHER: |
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MERCHANDISE |
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RAW MATERIALS |
WORK IN PROGRESS |
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FINISHED GOODS |
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SUPPLIES |
TOTAL |
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JANUARY |
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FEBRUARY |
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MARCH |
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APRIL |
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MAY |
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JUNE |
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JULY |
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AUGUST |
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SEPTEMBER |
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OCTOBER |
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NOVEMBER |
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DECEMBER |
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ASSESSED VALUE: |
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GRAND TOTAL: |
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AVERAGE: |
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470408114709LAT05 |
1 of 2 |
7/16/2021 |
SECTION 2 – FURNITURE AND FIXTURES
(GROUP BY YEAR OF ACQUISITION)
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YEAR OF |
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ACQUISTION COST |
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EFF. |
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TAB. |
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COST |
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FAIR MARKET |
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YEAR OF |
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ACQUISTION COST |
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EFF. |
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TAB. |
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COST |
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FAIR MARKET |
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ACQUISITION |
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AGE |
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NO. |
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MULT. |
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VALUE |
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ACQUISITION |
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AGE |
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NO. |
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MULT. |
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VALUE |
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15 Years or over. |
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TOTAL MARKET VALUE: |
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ASSESSED VALUE: |
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SECTION |
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3 – MACHINERY |
AND |
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EQUIPMENT (EXCLUDE LICENSED MOTOR VEHICLES) |
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(GROUP BY YEAR OF ACQUISITION) |
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YEAR OF |
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ACQUISTION COST |
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EFF. |
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TAB. |
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COST |
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FAIR MARKET |
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YEAR OF |
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ACQUISTION COST |
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EFF. |
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TAB. |
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COST |
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FAIR MARKET |
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ACQUISITION |
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AGE |
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NO. |
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MULT. |
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VALUE |
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ACQUISITION |
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AGE |
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NO. |
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MULT. |
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VALUE |
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25 Years or over. |
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TOTAL MARKET VALUE: |
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ASSESSED VALUE: |
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SECTION |
4 – LEASEHOLD |
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IMPROVEMENTS/MISC. PROPERTY |
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(GROUP BY YEAR OF ACQUISITION) |
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ITEM |
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YEAR OF |
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ACQUISTION COST |
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EFFECTIVE |
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TABLET |
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COST |
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FAIR MARKET VALUE |
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ACQUISITION |
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AGE |
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NO. |
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MULT. |
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TOTAL FAIR MARKET VALUE: |
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ASSESSED VALUE: |
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SECTION 5 – CONSIGNED GOODS, LEASED, LOANED, OR RENTED EQUIPMENT, FURNITURE, ETC.
(ATTACH LIST SHOWING NAME, ADDRESS, TYPE AND AGE OF PROPERTY, MONTHLY RENTAL)
NOTE:
PENALTIES FOR FAILURE TO FILE THIS FORM INCLUDE WAIVER OF |
NEED ASSISTANCE? AFTER YOU REVIEW THE ENCLOSED TAX FORM |
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RIGHTS TO APPEAL YOUR ASSESSMENT AND MAY INCLUDE A |
AND YOU FEEL YOU NEED ASSISTANCE PLEASE CALL YOUR |
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MONETARY PENALTY (RS 47:1992 & 2330) |
ASSESSOR LISTED ABOVE AT |
. THANK YOU |
SIGNATURE AND VERIFICATION
“I declare under the penalties for filing false reports (R.S. 14:125; up to 500.00 fine or imprisonment for one year or both, plus additional penalties defined in Act 2330B of the 1989 Regular Section) that this return has been examined by me and to the best of my knowledge and belief is a true, correct and complete return.” “If the return is prepared
by someone other than the taxpayer, authorized officer, or partner, this form must be notarized.”
SIGNATURE OF TAXPAYER |
DATE |
SIGNATURE OF PREPARER |
DATE |
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SWORN TO AND SUBSCRIBED BEFORE ME THIS |
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SWORN TO AND SUBSCRIBED BEFORE ME THIS |
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Day of |
20 |
Day of |
20 |
NOTARY PUBLIC
NOTARY PUBLIC
470408114709LAT05 |
2 of 2 |
7/16/2021 |