Adams Bookkeeping Service

04/12/2026

wants all taxpayers to be aware that any paid tax preparer must sign and include their PTIN on your tax return. This tax filing season be wary of ghost preparers who don’t sign returns and vanish with your information and money. https://ow.ly/2oy050YGIO5

02/11/2026

We are well into tax season. To schedule an appointment please call the office 440-233-5843

03/18/2025

Just a friendly reminder for our customers and potential customers - we do not offer walk-in appointments for taxes.

All new clients MUST have a physical sit down appointment with us the first year.

01/06/2025

You will start receiving tax documents soon, please place a large envelope or a plastic bag near your mail spot at home/office. When you receive tax documents simply drop them in the envelope/bag to keep handy for your tax appointment 😊

Please keep in mind, some businesses, banks, retirement plans, etc. ONLY provide their tax documents on their website. Make you check their sites for important documents.

Tax season officially starts January 27th. Our office will start our appointments on January 21st.

Our hours are Monday-Friday 8-4 through January. Effective February 1st-April 14th our hours are Monday-Saturday 8-6.

Here is the link to schedule your appointment:

12/05/2024

Do you own your own business?

In case you haven't heard, there is a new filing required for your business. It's called the BOIR or FinCen. This filing has to be done before January 1, 2025. If you are registered with the Ohio secretary of state you ARE REQUIRED to file this report. The fines for not filing are hefty. You can click this link to read more about it and file.

https://boiefiling.fincen.gov/

(copied & pasted)
The penalties for not filing a Beneficial Ownership Information (BOI) report with the Financial Crimes Enforcement Network (FinCEN) include:
Civil penalties: A fine of up to $591 per day for each day the report is late
Criminal penalties: A fine of up to $10,000 and/or up to two years in prison for willfully failing to file, submitting false information, or failing to correct or update previously reported information
The BOI report is a new requirement that aims to increase transparency and combat illicit activities such as money laundering and tax evasion. Most businesses are required to file the BOI report between January 1, 2024 and January 1, 2025.
The penalties can add up quickly:
After 10 days, the penalty is $5,000
After 20 days, the penalty is at the maximum of $10,000

11/14/2024

Here are some facts about BOI - finCen filing:

If your business is registered with the Secretary of State, you probably have to file.

Filing deadline for companies created in 2023 or earlier is 12/31/2024.

Yes, fines can be $591/day up to $10,000 for failure to file.

Yes, it is super easy to file.

Absolutely, be 100% sure you ONLY file on the correct website www.finCen.gov

Gather the needed information & photo ID’s for each owner (25% or more). Then go online and complete the filing.

There is no need to pay someone hundreds of dollars to do this for you.

There are already tons of fraud & schemes going on involving this reporting - be CAREFUL with your information & ONLY complete the report the the .gov website!!!

https://www.fincen.gov/news/news-releases/fincen-issues-alert-fraud-schemes-involving-deepfake-media-targeting-financial

WASHINGTON—Today, the Financial Crimes Enforcement Network (FinCEN) published its first set of guidance materials to aid the public, and in particular the small business community, in understanding upcoming beneficial ownership information (BOI) reporting requirements taking effect on January 1, 2...

04/15/2024

Tick-tick - tax day is upon us! If you haven’t filed yet, existing customers can just call the office. We can file an extension for you.

New clients will need to stop by to complete some paperwork, then we can file an extension for you as well.

Regular office hours resume 4/15 - Monday-Friday 8-4

01/20/2024

Tax season has started! Schedule your appointment now

12/25/2023

Merry Christmas from our family to yours 🎄🎅

11/21/2023

IRS Delays Form 1099-K Reporting Threshold

The IRS announced a delay in the new $600 reporting threshold for Form 1099-K for third-party organizations for the year 2023. The delay was enacted to reduce confusion among taxpayers, tax professionals and payment processors.

The IRS plans to treat 2023 as a transition year, wherein reporting will only be required if the taxpayer receives over $20,000 and has more than 200 transactions. The IRS also plans to implement a $5,000 threshold for tax year 2024, in phase with the $600 reporting threshold required by the American Rescue Plan Act. It aims to minimize burden and provide easier reporting requirements for taxpayers, working closely with third party groups, tax professionals and others to ensure compliance with the law.

11/15/2023

As the holidays approach, it's time to consider tax planning moves that will help lower this year's tax bill,