BOI Reporting Update & SCAM Alert! By: Susan Kornatowski Most small businesses in the US must now report information about their beneficial owners to the Financial Crimes Enforcement Network (FinCen), or face noncompliance penalties. Those who have an ownership […]
Ohio Homebuyer Plus Program Helps Ohioans Achieve Dream of Home Ownership On Jan. 9, Ohio Governor Mike DeWine, Lt. Governor Jon Husted, and Treasurer Robert Sprague officially launched the Ohio Homebuyer Plus program, a new savings account plan aimed at promoting […]
New Reporting Requirement for Businesses By: Susan Kornatowski Attention business owners! Effective 1/1/2024, many businesses are now subject to a new requirement to file a report of Beneficial Ownership Information (BOI) with the Financial Crimes Enforcement Network (FinCEN). […]
DOL Announces Final Rule on Classifying Independent Contractors By: Sue Bennett On January 9, 2024, The U.S. Department of Labor (DOL) released its final rule on worker classification under the Fair Labor Standards Act (FLSA). The 2024 rule, which takes effect on March […]
Got Independent Contractors? Get to Know Form W-9 By: Kim Zagar CPA If your company is perpetually shorthanded, you may have decided to engage independent contractors or freelancers to pick up some of the slack. Just make sure you’re collecting the right […]
IRS Permits Car Dealers to Provide EV Tax Rebates at Purchase By: Sue Bennett Electric vehicle buyers can now transfer their tax credits to automobile dealers and receive upfront payments that effectively cut the cost, according to IRS and Treasury Department’s recently issued guidance. […]
House Bill 33 Amends the Commercial Activity Tax (CAT) The newly enacted House Bill 33 amends Ohio’s Commercial Activity Tax (CAT) exemption amounts. Though still awaiting official guidance from the Ohio Department of Taxation (ODT), the Ohio Society of […]
Effective Collaboration Deepens Relationships with Clients and Our Own Professionals By: Brandon Miller Collaboration is at the heart of everything we do at HW&Co. Internally, the teams from every practice area in our firm work together to make sure each client benefits from […]