BRSW is committed to the health and safety of our clients and staff. As a result of the recent corona virus outbreak and to comply the Governor Mike DeWine’s directives we have developed the following protocol that we will be instituting immediately for Van Wert payroll services until this COVID-19 passes. We will be accepting […]
As a result of the recent corona virus outbreak, and to comply with Governor DeWine’s directives, we are asking you to drop off your tax return information and not keep your face to face appointment.
We recently sent out a newsletter regarding tax planning. You can read the newsletter here.
One of the changes with the passage of the new tax law is regarding the deductibility of meals and entertainment expenses. Under the old law, business meal and entertainment expenses were 50% deductible on the business tax return. Under the new law, only 50% of business meals can be deducted, and entertainment, amusement, and recreation
Are Business Meals Deductible Under the New Tax Law? Read More »
On June 14, 2018, Ohio Governor Kasich signed legislation amending the income tax residency test. The law before the amendment stated that the individual was not domiciled in the state if the individual had fewer than 213 contact periods in the state. In addition to this, the new law states that the individual is not
The IRS has released a draft version of the 2018 Form 1040, U.S. Individual Income Tax Return. The new form is two half pages in length and eliminates over 50 lines compared to the 2017 form. Many items that in the past appeared on pages one and two of the 1040 have been moved to various new
In a decision on June 21, 2018, the Supreme Court ruled that states can require online retailers who have substantial nexus in a state but who do not have a physical presence to remit sales tax to the state. In the past, retailers had to have a physical presence in the state before sales tax
Supreme Court ruling changes state sales tax collection Read More »
The IRS has again put out a warning for taxpayers regarding scam attempts. Read the article here to protect yourself. If you are unsure if you are being scammed, don’t give any identifying information and hang up immediately. Contact Us with any questions.
The IRS recently announced a new tool that is designed to provide faster, easier access to publicly available information about tax-exempt organizations. Some of the features of the new tool include: Images of Form 990, 990-EZ, 990-PF, and 990-T for the organization are now available The tool is mobile friendly Information related to an organization’s eligibility
New IRS Tax Exempt Organizations Information Tool Available Read More »
