HB 166: Lawyers and Lobbyists Lose in Ohio
Ohio Governor Signs HB 166, Eliminating the Small Business Deduction for Some; Cutting Tax Rates for All On Thursday July 18, 2019, Ohio Governor Mike DeWine signed into law House Bill 166. This is a 2-year state budget bill that includes many, significant tax changes for Ohioans. This bill has
Ohio Opportunity Zone Tax Credit Signed into Law
On July 18, 2019, Ohio Governor Mike DeWine’s operating budget was signed into law, including a 10 percent nonrefundable income tax credit to those who invest in the state’s Opportunity Zones. The income tax credit is equal to 10 percent of capital gains reinvested, up to $1 million, into Qualified
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
How Contractors Handle Revenue from Contracts with Customers
On May 23, 2019, Barnes Dennig hosted a seminar on the intricacies of the adoption of ASC 606 – Revenue from Contracts with Customers, for contractors. Tom Groskopf, Director at Barnes Dennig, and Dan Holthaus, Senior Manager at Barnes Dennig, discussed the accounting standard that became effective for all
Should Nonprofits Utilize Social Media to Generate Donations?
Soliciting online donations is emerging as the preferred fundraising method for many nonprofits, and it’s easy to understand why. Donors have discovered that online gifts are quick and easy to make, and nonprofits are happy that donation receipts can get generated instantly, making record-keeping a breeze. According to a recent
How Benefit Plan Leaders Use Cybersecurity to Protect Participant Data
On June 13, 2019, Barnes Dennig and The Rinehart Sussli Financial Group of UBS hosted a group of experienced professionals for the sixteenth Annual Employee Benefit Plan Seminar. Given that retirement plans are a valuable tool for rewarding and attracting top talent, our goal is to help the business community