Applications Open July 1 A $1 million program in Kentucky provides a unique opportunity for a state tax credit: The Endow Kentucky Tax Credit Program offers a credit toward Kentucky income tax following a contribution to permanent endowment funds at Horizon Community Funds. The program, which is available for individual
Barnes Dennig is dedicated to helping you identify opportunities, options and strategies to minimize the impact of the COVID-19 Pandemic. Visit our COVID-19 Advisory Services Page here to learn more. The Small Business Administration (SBA) has released much-needed clarifications to the Payroll Protection Program (PPP) via guidance issued in their
We hosted a dynamic deep dive into next year’s tax updates, featuring thought-provoking conversations and essential topics that empower future financial and business strategies. From succession planning and wealth management to sunsetting tax provisions, our top tax pros guided attendees through all they needed to know to get ahead of
Going Global? Find the Right Entity Structure It’s easier than ever to do business anywhere in the world. Naturally, more and more US-based companies are looking to do just that – be it by taking their own products to a foreign market or through a foreign acquisition. One of the
Leading a non-profit organization means juggling a variety of responsibilities. You’ve got the strategy, mission, and vision – and on top of that, you’ve got to have a strong understanding of business operations. We’re here to help, with a free 60-minute webinar packed with essential tax, accounting, and financial insights
This is an update to a previous post on the Ohio Scholarship Donation Credit. Reducing your income taxes while benefiting a charitable organization at the same time provides a welcome opportunity for many taxpayers. The State of Ohio introduced the Ohio Scholarship Donation Credit in 2021, and it continues to
https://www.youtube.com/watch?v=KDOWOi-WiqY Can’t watch the video? Download the transcript. International tax penalties can be steep, ranging from $10,000 – $25,000 per form, and they add up quickly. Barnes Dennig International Tax practice Senior Manager Lauren Huster and Tax Manager Michael O’Hara explore the multiple ways taxpayers can get into trouble with
Senate Majority Leader Mitch McConnell, R-Ky., introduced legislation(S. 3548) on Thursday, March 19, to provide direct cash payments to families, grant tax relief to individuals and businesses, particularly airlines and healthcare, to blunt the economic effects of the novel coronavirus pandemic. The 250-page bill is scheduled for debate with Democrats
More changes are coming on the multinational tax front – and they’re coming fast. With major new burdens, penalties, and fines, it’s critical to understand the landscape so you can get ahead of the game and make sure you’re not paying more than you should. In a one-hour virtual event,
International tax penalties are steep and they can add up fast, as we outlined in our International Tax Penalties – and How to Avoid Them video. But a recent Supreme Court ruling may provide some relief. Here’s what you need to know. What’s the FBAR? The Bank Secrecy Act requires
Believe it or not, there’s still time to implement this smart strategy. The global pandemic has relentlessly hammered business owners from every angle – and while massive relief legislation eased some of the burden, it also increased the workload. Developing and maintaining alternative business operations to keep employees and customers
Taxpayers with research and development (R&D) expenses are going to have to implement a tax adjustment for 2022 – and it’s going to have a significant impact on the manufacturing industry. Here’s what’s happening, and why. Until the beginning of 2022, taxpayers had the option to either deduct 100% of