The IRS has released the 2025 mileage rates. Beginning January 1, 2025, business mileage will increase 3 cents to 70 cents per mile. Mileage for medical purposes remains at 21 cents per mile. Mileage for moving purposes for qualified active-duty members of the Armed Forces remains at 21 cents per mile. Mileage driven in service […]
A federal court in Texas has ruled earlier this month that the Beneficial Ownership Information (BOI) reporting requirement under the Corporate Transparency Act is unconstitutional. While the appeal filed by the Department of Justice is pending, this injunction has temporarily prohibited the enforcement of BOI reporting compliance. The AICPA has released a statement saying the
The State of Ohio will be launching a new filing system on December 9, 2024. The following returns and transactions will only be available through OH|TAX eServices after that date. Any other transaction not included in the list above, such as municipal withholding tax and state unemployment tax, will continue to be filed through the
New OH|TAX eServices Filings That Will No Longer Be Available On Ohio Business Gateway Read More »
This Thanksgiving, we would like to take a moment to express our gratitude to our clients. We are thankful for your trust in us and for the opportunity to serve you. Your continued support allows us to grow and improve, and we are committed to providing you with the highest level of service. As a
JobsOhio and Regional Growth Partners are collaborating to offer grants of up to $50,000 for eligible businesses for expansion to ultimately create more jobs. The two main eligibility determinates are location and ownership and must meet one of the two criteria: (1) Be located in a distressed community – defined as having a Distressed Community
The deadline for reporting beneficial ownership information (BOI) to FinCEN is approaching. In anticipation of this requirement, BRSW advises those who are required to file to seek the counsel of an attorney. BOI filing penalties are steep for those who willfully fail to comply. Civil penalties are $500 per day and criminal penalties include $10,000
The 2024 Ohio sales tax holiday is taking place from July 30th through August 8th. Items exempt from sales tax include any tangible personal property and taxable food (such as dine-in) that is $500 or less with certain exceptions, such as tobacco and alcohol. There is no limit on the total amount of the purchase
If you are a farmer and have incorrectly received an Ohio School District Tax notice, you’ll likely be receiving a correction notice soon. Farmers and fishers often take advantage of the March 1 deadline to avoid paying estimated payments throughout the year, but there was an error in this year’s Ohio Department of Taxation (ODT)
