Happy Independence Day
All offices will be closed Friday July 4th. We wish you a safe and happy holiday.
All offices will be closed Friday July 4th. We wish you a safe and happy holiday.
As a result of an executive order signed on March 25, 2025 which mandates the transition to electronic payments for the US Department of Treasury, the IRS will discontinue paper checks for tax refunds as of September 30, 2025. Taxpayers and practitioners should prepare to transition to electronic forms of payment moving forward because eventually,
The 2025 Ohio sales tax holiday will be even longer this year, spanning from August 1st through August 14th, allowing more flexibility for consumers to participate. Most tangible property under $500 is eligible, excluding watercraft and motor vehicles, alcohol, tobacco, vapor products, and products containing marijuana. For more information on the treatment for specific circumstances,
Another successful tax season in the books! We are grateful for your trust and support during our busiest time of year. Our office hours will now revert back to our off season hours shown below. All offices will be closed Friday April 18, 2025.
FinCEN has issued a final interim ruling that creates a broad exemption for companies created in the United States as well as US persons who own foreign entities. For companies formed under foreign law with foreign owners that do business in the united states, the previous deadline extension of March 21, 2025 has now been
During the latest deadline extension, FinCEN announced it was going to assess how the BOI reporting is enforced to reduce the burden for lower-risk entities. Since then, FinCEN released a statement announcing that it will not be issuing any fines or penalties against reporting companies that fail to file or update their Beneficial Ownership Information
No Penalties from FinCEN until Final Ruling on BOI Reporting Read More »
The Social Security Fairness Act was signed into law January 5, 2025 and has begun sending it’s first round of benefits, including retroactively covering benefits increases dating back to January 2024. Previously, the Windfall Elimination Program and Government Pension Offset were regulations in place that reduced social security benefits for people who receive pensions from
Another decision by the US District Court in Texas on February 18, 2025 has allowed the BOI reporting requirements to be in back in effect. FinCEN has extended the deadline for most companies to March 21, 2025 for initial, updated, and corrected reports. Any company that has a deadline later than March 21st should still
Starting January 1, 2025 Ohio’s minimum hourly wage increased from $10.45 to $10.70 for non-tipped employees and from $5.25 to $5.35 for tipped employees. This increase applies to businesses with gross receipts of more than $394,000 and employees 16 years and older. Federal minimum wage remains at $7.25 per hour.