A Department of Labor (DOL) Audit can be a costly and time consuming endeavor. In addition to monetary penalties, those subjected to an audit can spend a significant amount of time gathering information in response the DOL’s inquiries. By 2016, the DOL’s monetary recoveries exceeded $700 million. What Triggers a
Fundraising is at the core of most nonprofit organizations’ success. Yet, finding the individuals and companies that believe in your mission enough to support you financially is only the start. Keeping them involved with your organization as active donors, involving the board in raising funds, utilizing the funds in a
The recently passed Tax Cuts and Jobs Act includes a significant new tax deduction taking effect in 2018. This deduction should provide a substantial tax benefit to individuals with “qualified business income” from a partnership, S corporation, LLC, or sole proprietorship. This type of income is commonly referred to
While 2017 may have been a great year overall for technology, it felt like we were hearing about a new breach or hack every day. As a result, it became alarming at how vulnerable our personal information and the information of our clients is and will continue to be. Below
The 2.3% medical device excise tax (MDET) was reinstated on January 1, 2018 after a two year suspension. The MDET is imposed on domestic sales including imports, manufacturing and the production of medical devices. The MDET initially went into effect in January 2013 to help fund the Affordable Care Act.
With a new year upon us, and the recent Tax Reform bill being signed into law, there is much uncertainty about how our personal tax situations will be impacted. The Barnes Dennig tax team is here to help keep you informed and up-to-speed with various resources. See some of the