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Welcome Zach Lawson!
Join us in welcoming Zach Lawson to our firm! He joins us as a Senior Accountant working in the Akron office.
Zach holds a degree in Accounting from the University of Akron. Zach has been playing hockey for 15 years and still plays in an adult league in his spare time.
Welcome to the team, Zach!
International Operations: Understand the Tax Reporting Requirements
Tax reporting can pose a challenge for any business, but the complexities grow when a company has operations in more than one country. A business with international operations or foreign ownership faces a large—and frequently changing—array of reporting requirements designed to provide information about a taxpayer’s foreign activities.
Failure to submit all required reports can lead to sizable fines, even if the business owners were simply unaware of the mandated obligations. Willful violations can also lead to criminal charges.
The reporting requirements vary, of course, depending on a company’s size and ownership structure, as well as the nature of its…
Deadline Approaching: 3rd Quarter Estimated Tax Payments Due on September 15
If you make estimated tax payments, the deadline to submit your third quarter payment is Sept. 15, 2023.
This is an important reminder for any taxpayer that is not subject to withholding. Important changes are also on the horizon for certain taxpayers including those with side hustles and those selling goods and services online.
Click here to read more detailed information from the IRS. As always, reach out to Holbrook & Manter with any questions you may have.