Year-end, Year-Round Tax Planning Update
The end of the year represents the perfect opportunity to reflect on the last 12 months and to review your overall personal financial situation. We’ve had a year to assess the impact of 2018’s tax reform bill and to understand how your own tax situation was affected. Reviewing your tax
2019 Year End Tax Planning Opportunities
Now that both the initial and extended 2018 filing seasons have passed, it’s time to focus on 2019’s taxes and steps to take to leverage additional savings in the closing months of the year. There are steps that can be made now to improve a taxpayer’s position and create additional
Maximize Endowments by Leveraging Life Insurance
During your lifetime, there are many drivers for seeking life insurance policies; oftentimes to function as a replacement of income in the event of tragedy or other loss. Each situation is unique; however, and beneficiaries can be set as family members, children, a closely held business or even a business
Private Company Relief – FASB Proposes Delay of Effective Date for Changes in Lease Accounting and Credit Loss Accounting
Due to the challenges placed on non-public companies to implement the new standards on lease accounting and accounting for credit losses, the Financial Accounting Standards Board (FASB) voted on July 17, 2019 in favor of one-year delays in the effective dates for non-public entities. The delay will not be confirmed
Submit a Volunteer Project: 2019 Outreach Day
The 9th annual Community Outreach Day is open for nominations! Barnes Dennig will again give time, energy and resources to many deserving tri-state agencies to go above and beyond to help them achieve their charitable goals. Now through August 2nd, nominations will be accepted for service projects to be completed
Ohio’s Proposed Tax “Cut” is Bad News for Business Owners
On May 9, 2019, Ohio’s House of Representatives passed House Bill 166 by a vote of 85-9. This is a two-year state budget bill that, if passed in it’s current form by the Senate and signed by the governor, will make several significant changes to Ohio tax law. The House