Navigating the Beneficial Ownership Information (BOI) Report with the Romine Group

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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Explaining the ERC with Tanner Roberson of The Romine Group

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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A Comprehensive Guide to 2024 Retirement Account Changes by The Romine Group

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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The Romine Group’s Guide to Paying Your Kids in Your Business

In this blog post, we’ll delve into the topic of paying your kids within your business—a unique approach that can help them save for significant milestones like their first house, car, or even college. However, as with any financial strategy, there are important considerations and guidelines to ensure both compliance and mutual benefit. The Key […]

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A Guide to Bookkeeping from The Romine Group with Emily

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 […]

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