In May 2024, Indiana announced it was rebranding the Indiana CollegeChoice 529 Savings Plan to Indiana529 Savings Plan. The new name and revised look reflect the expansion of Internal Revenue Code (IRC) Section 529 plans in recent years to provide more opportunities for families to save for education. Saving and
Chad is an integral part of the leadership of the firm’s Manufacturing and International teams, with experience in a variety of roles and a passion for building productive, long-term relationships with his clients. He has served as an auditor, tax professional, outsourced controller, and financial analyst for clients in numerous
Your Acceleration Ally: Support for Private Equity-Owned Organizations At Barnes Dennig, we understand the unique needs of private equity-owned businesses. Our specialized service is designed to support these dynamic and fast-paced organizations through every stage of their increasingly rapid growth cycle. Focusing on quality, price, and exceptional client service, we
People Mean Business For professional firms like yours, success hinges on the ability to build relationships. Brainstorming with clients over the phone. Sharing timely insights about their industry. These things takes time and dedication, and you wouldn’t want it any other way. Accounting and taxes? That’s another story. Still, you
As Chief Financial Officer, Lisa leads the firm’s finance and accounting functions, ensuring smooth financial operations and overseeing budgeting and forecasting, treasury, financial reporting, and internal controls. She builds scalable processes and delivers clear, data-driven insights to support firmwide decision-making, and partners closely with Barnes Dennig’s Executive Committee to guide
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The IRS has released additional guidance on how individual taxpayers can determine their deduction amounts for qualified tips and overtime wages under the OBBBA for 2025. This update is important because Forms W-2 1099 forms will not be modified for 2025 to reflect these new deductions. Refresher As noted in
It seems like giving should be easier. Charitable giving is widespread in the U.S. and plays a crucial role in supporting countless non-profit organizations across a wide range of categories: education, healthcare, environmental protection, social services, and the arts. To foster charitable giving, the tax code under Section 170 and
The federal government continues to move quickly in providing support for families and businesses impacted by COVID-19. As of Thursday, March 18th, President Trump signed into law the Families First Coronavirus Response Act (H.R. 6201), following the Senate’s passage of a revised bill originally passed on March 14
While both U.S. Generally Accepted Accounting Principles (GAAP) and IRS Form 990 (required for most tax-exempt organizations) deal with investment income reporting, there are key differences: GAAP aims for comprehensive financial reporting for various stakeholders, while Form 990 focuses on transparency and compliance with IRS regulations for tax-exempt status. Essentially,
Manufacturers who use the Last In, First Out (LIFO) inventory method may be in for an unpleasant surprise in the near future. As the name suggests, LIFO requires that inventory sold be expensed at the most recently purchased/produced price of a unit of inventory on hand at the time of
What tariffs were overturned? The Supreme Court ruled Friday, February 20th, 2026, that President Trump’s International Emergency Economic Powers Act (IEEPA) tariffs are unconstitutional. The Tax Foundation estimates that the IEEPA tariffs raised more than $160 billion for the government through February 20th, 2026, and would