Finding the Silver Lining in a Net Operating Loss The CARES Act is designed to minimize the economic impact for individuals and organizations; softening the blow of Net Operating Losses (NOLs) is a significant part of that relief. The CARES Act restores a taxpayer’s ability to file an NOL carryback
Oscars, Grammys, and Emmys aside, it’s been an unusually busy awards season for Barnes Dennig. Over the past few weeks, the firm has won five prestigious awards. “We’re very honored to receive these accolades,” says Barnes Dennig Managing Director Jay Rammes. “It’s a direct reflection of the outstanding service we
Tracey draws on more than 20 years of tax experience including federal, state, and local tax planning at the corporate and individual level, which she uses to help her clients develop and implement strategies to minimize their tax burden. Her dedication to detail, responsiveness, and commitment to ensuring the best
The era of paper checks for federal transactions is coming to a close. An executive order signed in March 2025 will phase out paper checks for all federal disbursements and receipts by September 30, 2025. This move marks a major step toward modernizing payment systems, improving security, and reducing costs
The One Big Beautiful Bill Act (OBBBA) relieves the filing requirements for certain 1099 forms used to report various types of income. These include: Form 1099-MISC: for reporting miscellaneous income, Form 1099-NEC: for reporting non-employee compensation, and; Form 1099-K: for reporting payment card and third-party network transactions. As of July
529 plans have long been a great option for efficiently saving for college expenses – but when the SECURE 2.0 Act was passed in December 2022, they got even better thanks to a new option for 529 plan rollovers. The new provision allows for tax-free and penalty-free rollovers from a
Ohio, also known as the Buckeye State, is home to thousands of businesses and organizations. The combination of attractive business and financing incentives combined with a low unemployment rate (5.6%) and large workforce (7.1M), make it an attractive location. In fact, there are over 301,063 state businesses with an employment
Pricing – It All Depends On You There’s no organization quite like yours. And you want an advisory, tax, and accounting firm that understands that. One that sees the bigger picture and is always thinking of ways to make your life simpler and more profitable. That’s the way we work.
Can’t watch the video? Get the transcript. Barnes Dennig Senior Manager Lynn Meiser and Manager Christa Woelfel—top professionals in non-profit tax and audit—team up in this short video to share how the firm’s tax and assurance teams collaborate to serve non-profit clients better. They cover how our teams make the
First, the Big Picture In 2017, the Tax Cuts and Jobs Act (TCJA) made a significant change in a taxpayer’s ability to defer gain under the like-kind exchange rules of Code Section 1031 – including narrowing the applicability of section 1031 to an exchange of real property. That property had
With her in-depth experience in non-profit tax and her dedication and passion for serving non-profits, Lynn is an outstanding asset to her clients and an invaluable member of the Barnes Dennig Tax and Not-for-Profit teams. She addresses varied and often complex non-profit tax needs with skill and aplomb, and her
This blog is part of an ongoing series highlighting tips and strategies that could help you benefit from or better manage your real estate interests. Be sure to check back to our Real Estate blog frequently to learn more. Read Part one here. Did you Know: Partnership Representatives Did you