Jennifer Rockman-Smith

BRSW Client Newsletter 2022

Our year-end newsletter is here to help make you aware of any tax planning and upcoming changes that should be considered. If you have any questions, reach out or set up an appointment so we can make a plan together. Have a Merry Christmas and a Happy New Year!

New BOI Requirements For Most U.S. Businesses

Starting January 1, 2024, the Financial Crimes Enforcement Network (FinCEN) will require reporting businesses to file a statement of beneficial ownership to identify persons who exercise substantial control or hold at least 25% ownership interest, as well as any individual responsible for filing creation or registration documents. Reporting companies include domestic or foreign entities that …

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Change in Holiday Hours

Our holiday closures for the rest of the year are as follows: Closed Thursday and Friday November 24-25, 2022 for ThanksgivingClosed Friday December 23, 2022 and Monday December 26, 2022 for ChristmasClosed Friday December 30, 2022 and Monday January 2, 2023 for New Years Fridays after noon will continue to be by appointment only until …

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Setting Up Your Non-Profit Organization

Two of the Paulding office CPAs, Andy Manz and Shelby Aschliman, recently partnered with the Paulding County Area Foundation to produce a webinar on the formation of a non-profit business. To listen to the webinar, click here.

Ohio House Changes Which Entities Can Conduct Raffles

The recently enacted Ohio House Bill (HB) 110 has changed which entities are authorized to conduct raffles in Ohio. In the past, school districts were included in the list of entities authorized to conduct raffles, but with the passage of HB 110, public schools are no longer authorized. Any organization who is not under specific …

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Employee Retention Credit: Fact vs Fiction

Determining if your business is eligible for the Employee Retention Credit can be complex and penalties on unpaid payroll taxes can be substantial if ERC is taken erroneously. The following article from the Association of International Certified Professional Accountants navigates through fact and fiction surrounding eligibility including: • The gross receipts test of calendar quarter …

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