Author: Kaitlyn Robison
Blog
Important Notice: 2023 Ohio Individual Income Tax Return Processing Issue
We want to bring your attention to a significant processing issue affecting some 2023 Ohio individual income tax returns. Our tax team has identified an emerging situation that may impact clients who received interest income reported on Form 1099-INT during 2023.
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Urgent Alert: Protect Your Finances from Two Recent Tax Fraud Schemes
We've recently become aware of two concerning fraud schemes targeting businesses across the country. As your trusted advisors, we want to ensure you have the information needed to protect your business and personal data.
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Important Information Regarding the Corporate Transparency Act
The Corporate Transparency Act (signed into law on Jan. 1, 2021) expanded anti-money laundering laws and created new reporting requirements for certain companies doing business in the US. Beginning in 2024, many small businesses are required to report information about their beneficial owners to the Financial Crimes Enforcement Network (FinCEN) in an effort to create a national database for use by national security and law enforcement agencies to prevent the use of shell companies for criminal activity.
Blog
Understanding the Corporate Transparency Act and How It Can Impact Your Business
The Corporate Transparency Act (CTA) is a federal law aimed at protecting national security and helping prevent money laundering through shell and front companies. When entities are created through the State, their beneficial owners’ information (BOI) is not collected. The CTA will require the reporting of this information to FinCEN starting Jan. 1, 2024.