Jennifer Rockman-Smith

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.

In 2023, estates valued over $12.92 million are taxed federally at 40% on the excess. Giving gifts may help reduce or eliminate estate taxes by reducing the market value of your estate. Taxable gifts refer to the total fair market value of gifts given to others during a calendar year, which can include various types

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

The Ohio Department of Taxation (ODT) has mailed notices to taxpayers in error. The Verification of Income – Missing Ohio IT1040 notice advises taxpayers that the ODT has not received their individual tax return. If you have received such a notice and believe it was sent in error, no action is needed at this time.

Please be alert to phishing emails that appear to be coming from BRSW with links, QR codes, or attachments. It is important not to click on anything in a phishing email because it could cause issues on your computer. If you are unsure if an email originated from BRSW, please verify with us before clicking

The BRSW Client portal is getting an update November 17, 2023 to improve sign in experience and security. The sign in page will look different but function the same say. You’ll be able to sign in with your existing login information, after which you will be redirected to Thomson Reuters to create a new login

Ohio House Bill 33 recently enacted a major change in Commercial Activity Tax where nearly 90% of all Ohio-based businesses will no longer have to pay CAT, as the exemption limit is increasing. For tax periods beginning in 2024, taxable gross receipts under $3 million will be exempt from CAT. This limit will increase to

Big life changes often have tax implications. Even if a couple marries on December 31, they are considered married for the whole year for tax purposes. Switching to a different filing status isn’t the only thing that needs to be considered. Name changes after marriage must be reported to the Social Security Administration as soon

IRS Commissioner Danny Werfel warned taxpayers of a new scam earlier this month stating, “This is just the latest in a long string of attempts by identity thieves posing as the IRS in hopes of tricking people into providing valuable personal information to steam identities and money, including tax refunds.” This new scheme involves receiving

Attention new or beginning farmers: A new income tax credit program has recently been introduced in Ohio through House Bill 95. The Beginning Farmer Tax Credit Program is an initiative that will provide an income tax credit opportunity to qualified new or beginning farmers who participate in a financial management program and a separate income