“New Federal Reporting Requirements for Small Businesses”

by Charlie Schmidt, Law Librarian at Richmond Public Library

As of January 1, 2024, most small businesses will have to report to the federal government who owns the business. The mandatory reporting is the new Beneficial Ownership Information (BOI) Reporting system set up by the Financial Crimes Enforcement Network (FinCEN), which is a division of the U.S. Treasury Department. Many small businesses owners may not know they need to register. But the FenCEN website is very user friendly and has step-by-step instructions to file a report. The information is easy to follow, but, as with any type of legal compliance, there are always grey areas.

Read more about the Beneficial Ownership Information Reporting requirements in Charlie’s blog on the Richmond Libraries website.

Shop Local Open Rewards Program

Goochland County residents and visitors can now save money while supporting small businesses with the new Open Rewards program. Launched as a partnership between Goochland County Economic Development, Goochland County Economic Development Authority, and technology company BluDot, this customer rewards program encourages customers to earn cash back rewards while spending at local businesses.

Thanks to the Goochland County Economic Development Authority, there is NO COST for Goochland's business. The Goochland County Economic Development Authority invested $5,000 to pilot the Open Rewards program.

Customers will earn and redeem rewards through an app by scanning receipts from purchases made at local businesses. Consumers can earn 5% back in rewards (paid by EDA funds) for each local transaction. They then can then redeem their rewards through purchases at other local businesses. PLEASE NOTE THAT THIS IS AN AS SUPPLIES LAST PROGRAM AND IF YOU DO NOT REDEEM BEFORE THE $5,000 RUNS OUT, YOU ARE NOT ENTITLED TO THE REWARDS IN YOUR ACCOUNT. The success and sustainability of this program will help determine whether or not the program gets re-funded when funds run out.

Click here to access Goochland's Shop Local Webpage for more info.

Image of Old Stone Jail on Goochland Courthouse Green

Explore Goochland!

attention History lovers!

Founded in 1728, Goochland County has a rich history and is home to 27 historical sites that are either registered on the National or State Register for Historic Places. These sites provide residents and tourists with great entertainment and educational opportunities. Sites include historic plantations, like Historic Tuckahoe, the boyhood home of Thomas Jefferson; the Dover Slave Quarter Complex, one of Virginia's surviving groupings of slave quarters; and multiple historic mansions built during the 1800s.

View a listing of all 27 historical landmarks. Please note many properties listed are private dwellings and are not open to the public, however many are visible from the public right-of-way. Please be respectful of owner privacy.

Check out the full history of Goochland County at https://www.exploregoochland.com/35/History