Blog
Keeping You Up to Date on Potential Tax Law Changes
*Note: There have been no official changes to the tax law at the time of this posting. As you may be aware, the provisions of the 2017 Tax Cuts and Jobs Act (TCJA) are due to sunset on December 31, 2025, unless extended by new legislation. Please be aware that any...
Introducing Our Amazing Interns!
April is National Internship Awareness Month, and we thought it was the perfect opportunity to shine a spotlight on each of our amazing interns. These young professionals have brought their unique talents and tireless dedication to our team this tax season. We want to...
Gwen Explains The Approach Behind Being “#LessTaxing” On Local Podcast
N&Co's President & CEO, Gwen Nichols, was recently interviewed as part of the nationwide podcast, Making Waves, a production of Winding River Consulting. Click here to watch as she explains how N&Co's mission statement and core values foster a culture that...
BOI Reporting Reinstated. Filing Deadline Is Now March 21, 2025!
FinCEN's collection of beneficial ownership information (BOI) was once again reinstated on Feb. 18, 2025. Please see this FinCEN Notice for more details. What does this latest change mean? All members of LLCs or corporate shareholders are required to comply with the...
BOI Reporting Reinstated; New Deadline Is Monday, Jan. 13, 2025!
An injunction to halt FinCEN's collection of beneficial ownership information (BOI) was overturned yesterday, Dec. 23, in the Fifth Circuit Court of Appeals. Please see this Journal of Accountancy article for more details. What does this change mean? All members of...
End-of-Year Charitable Deduction Opportunities
If you're considering making charitable donations this year, contributing to a Scholarship-Granting Organization (SGO) could be beneficial. Ohio residents can receive a nonrefundable, dollar-for-dollar tax credit up to $750 (or $1,500 for married couples filing...
The BOI Injunction
The Corporate Transparency Act (CTA) requires all LLCs to file Beneficial Ownership Information (BOI) with the Financial Crimes Enforcement Network (FinCEN). This filing must be completed by December 31, 2024, for LLCs started prior to 2024, and within 90 days from...
Will You Be Receiving A Form 1099-K in January? Here’s What You Need to Know!
Taxpayers who have received payments via third-party payment processing platforms (such as PayPal, Stripe, Venmo, and CashApp) for selling goods or services might be surprised to receive a Form 1099-K in January. We suggest reviewing the following information to make...
Happy Thanksgiving!
N&Co will be closed for the Thanksgiving holiday, beginning this Tuesday, November 26th at 3:30 pm and will remain closed through the week. We will be back in the office Monday, December 2nd, to assist you with any end-of-year tax planning needs. We wish you and...