Avoiding Hefty Tax Penalties on Foreign Returns Tax time is especially complex when you operate or earn revenue in more than one country. And getting it right is critical, because mistakes could be quite costly. Fail to turn in a complete and accurate foreign information return on time and you’ll
The National Association of Certified Valuation Analysts (NACVA) announced its list of Top 30 Under 30 Business Valuation Analysts for 2025, and we’re delighted that Barnes Dennig Business Valuation Analyst and Senior Manager Dan Schlachter is one of the honorees! This annual awards program shines a spotlight on the profession’s
Maximizing Growth and Minimizing Tax Burdens for Manufacturers Going beyond the numbers to help your business thrive The world is changing faster than ever before, and manufacturing is at the forefront, with new opportunities emerging at a blinding pace – new market demands and opportunities for innovation and disruption are
Manufacturing companies in Dayton and across Ohio are working through a period of significant change. Not only have automation and 3D printing opened the door to new and exciting possibilities, but they have also created the need for more highly skilled workers, optimized supply chains, and even greater research and
Making It … Better, Faster, Smarter Technology is transforming the factory floor … again. But with automation and 3-D printing comes the need for more highly skilled workers, more R&D investment, and stronger supply chains. You need razor-sharp reflexes to reach the top and intelligent strategies to stay there. The
What’s a gift tax return? A gift tax return, also known as IRS Form 709, is used to report gifts that exceed the annual exclusion limit, which is $18,000 in 2024 and $36,000 for couples married filing jointly. This form is typically due on April 15th of the year following
Indiana businesses can benefit substantially from investment and job creation through the many tax credits and incentives the State of Indiana offers. One of the more significant ones is the Hoosier Business Investment (HBI) Tax Credit – a non-refundable corporate income tax credit calculated as a percentage of the qualified
The Secure Act 2.0 includes several changes that offer opportunities for retirement and tax planning. Signed into law on December 29, 2022, as part of the $1.7 trillion omnibus spending deal, the Consolidated Appropriations Act, 2023, P.L. 117-328. Secure Act 2.0 has over 90 new retirement plan provisions. Convert a
Individual Tax Filing Due Date On March 24, 2021, Ohio Tax Commissioner Jeff McClain announced that Ohio will follow suit with the federal government and IRS in extending the deadline to file and pay Ohio individual income taxes for tax year 2020. The new deadline will now be May 17,
Taxpayers who claimed the 2021 Employee Retention Credit (ERC) also should have reduced the business wage expenses on their 2021 income tax return by the amount of the ERC credit, resulting in additional taxable income (or reduced net operating losses). Taxpayers who have not received their ERC refunds have concerns
One of the far-reaching early impacts of the pandemic was that millions of people went from working in an office every day to working from home – and while remote working was already well-established for a few organizations, for most it was a new frontier. Recognizing that, and anticipating businesses