IRS Publishes New Guidelines for Hardship Distributions

On February 23, 2017, the IRS issued a memo on substantiation guidelines for safe-harbor hardship distributions from 401(k) plans.  This memorandum was sent to all employee plans (EP) examination employees.  The memo covers whether or not a 401(k) plan hardship distribution is “deemed to be on account of an immediate

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Ohio Tax Reform May Mean Big Changes for Contractors

Ohio Governor John Kasich released the fiscal year 2018-2019 budget on January 30, 2017. Key tax reform proposals of particular interest to commercial builders and construction contractors include: Simplifying Municipal Tax Filing for Businesses to Encourage More Economic Growth: The Ohio local tax compliance burden is onerous for contractors who

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Building Your Construction Talent Pool for Future Growth

With approximately 22 percent of employees planning to leave the workforce in the next five years, and 44 percent in the next ten years, it’s no surprise that effective recruiting and retention strategies are continually at the top of contractors’ greatest concerns.  Barnes Dennig recently hosted Stephen Boughton of FMI

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