On December 23, 2024, the motions panel of the Court of Appeals of the Fifth Circuit issued a temporary stay on the December 3rd injunction that prevented the enforcement of the FinCEN’s Beneficial Ownership Information (BOI) reporting. It found that the Corporate Transparency Act will likely be found constitutional, reinstating the reporting requirements and extending […]
As we celebrate this joyous Christmas season and welcome the New Year, we at BRSW extend our warmest wishes to you and your loved ones. This time of year is not only a moment for celebration but also an opportunity for reflection and gratitude. We deeply appreciate the trust you place in us and cherish
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
