Ohio Construction Tax Policy Considerations for Contractors Presented to Tax Commissioner Testa for 2017 State Budget Proposal By Barnes Dennig & Co., Ltd., Jason P. Rammes, CPA and Cheryl A. Ganim, CPA October 20, 2016 Definition of Agency Relationship with regard to Commercial Activity Tax (CAT) Issue – Gross
In a highly anticipated decision on June 20, 2024, the U.S. Supreme Court upheld the constitutionality of the Tax Cuts and Jobs Act’s Mandatory Repatriation Tax (MRT) by a vote of 7-2, ruling that Congress can tax entities on their shareholders and partners and confirming the MRT as a constitutional
If you work in or with educational institutions, the term “FERPA compliance” should be a guiding principle in your data handling practices. If you’re new to the education sector, it’s important to understand the critical role this law plays in protecting student privacy. What is FERPA? The Family Educational Rights
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
How Maximizing the Small Business Deduction Saved One Company $200K And the savings add up, year after year. Proactive thinking, in-depth industry expertise, and a laser focus on the finer points of tax law changes combined to help Barnes Dennig’s tax team save a privately-held company $200,000 a year in
“Helping clients navigate through the tax code is a challenge I enjoy. The complexity and ever-changing nature of the tax code can cause frustration for clients trying to earnestly comply. It’s great to be able to clarify the issues and recommend a course of action for clients – ultimately offering
Navigate the Rough Sea of Regulations For many types of entities, in many situations, profits come at a cost. And that cost often relates to taxes and regulations. The time it takes to understand ever-changing state and municipal laws. The resources required for upgraded ERP systems to manage all that
The Employee Retention Tax Credit (ERTC) is a major relief to employers navigating the business challenges brought on by the COVID-19 pandemic – but as we look ahead to the 2023 tax season, there are some important tax elements to keep in mind. The ongoing credit program, which can be
Even as our world feels more and more normal, there are major new issues emerging in the international business landscape. What are they, and how are they going to impact your business? Join Barnes Dennig’s top international tax team as they unpack the biggest trends – and provide strategies and
With major tax provisions in the 2017 Tax Cuts and Jobs Act (TCJA) set to expire at the end of 2025, and in light of the recent election, many taxpayers are left wondering when they will know what lies ahead with regards to future tax laws. The Trump administration has
Q: What’s the goal of the current tax proposals? A: Overall, the Biden administration’s tax proposals seek to increase tax revenue to support various government plans to fund needs such as investment in infrastructure. By targeting specific groups, such as large corporations with overseas operations, the intent is to move
https://www.youtube.com/watch?v=K6oHsitQU1s Learn more about year-end tax planning and other financial strategies from our Ask the Experts series on YouTube. 2020 has brought much uncertainty to our daily lives, but there’s no need to let that uncertainty carry over into 2021 – at least not from a tax perspective. Some smart