As we enter the fourth quarter, it’s time to start preparing for the year-end close of your books. For businesses, this is a crucial time to organize records and ensure everything is in place for an accurate and efficient tax filing process. One key area to focus on is updating your fixed asset records. Here’s […]
The end of the year brings about a flurry of business activities, and one crucial aspect that demands attention is payroll. It’s imperative for businesses to ensure that their payroll matters are in order. In this article, we’ll delve into the essential forms and deadlines associated with year-end payroll. First and foremost, let’s address the […]
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At The Romine Group, we pride ourselves on keeping you informed about crucial regulatory changes that may impact your business operations. Today, we’re shedding light on the Corporate Transparency Act and its implications, particularly regarding Beneficial Ownership Information (BOI) reporting. So, what exactly does this mean for you? The Corporate Transparency Act mandates that entities […]
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Several weeks ago, the IRS announced the details of a special withdrawal process for taxpayers who filed an Employee Retention Credit (ERC) claim. To give some context, the IRS paused all processing of ERC claims in a historic news release in mid-September due to a flood of improper ERC claims. The main concern is these […]
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Today, we’re delving into some significant changes coming in 2024 for retirement accounts, brought to you by The Romine Group, a leading CPA firm. In this blog post, we’ll unravel the key modifications affecting 401(k)s, 403(b)s, 457 plans, the Federal Thrift Savings Plan, IRAs, and more. Understanding these changes is essential for maximizing your retirement […]
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In this blog post, we’ll explore valuable tips to streamline your bookkeeping practices, ensuring that your business and personal expenses stay distinct and your financial records remain in top-notch shape. Tip 1: Separate Business and Personal Expenses The Romine Group’s first tip is a fundamental but often overlooked one—maintain a clear separation between your business […]
Read More… from A Guide to Bookkeeping from The Romine Group with Emily