On December 15, 2020, Congress introduced two bipartisan COVID-19 relief bills: the COVID-19 Emergency Relief Act of 2020 ($748 billion) and the State and Local Support and Small Business Protection Act of 2020 ($160 billion), that contain payroll-related provisions. Additional benefits to small businesses are included in the COVID-related Tax
The IRS has started sending out educational letters to taxpayers with virtual currency transactions that have possibly failed to report income and pay the tax from the virtual currency transactions or did not report their transactions properly. There are three variations of the letter: Letter 6173, Letter 6174 and Letter
The CARES Act contains robust tax provisions effective for years 2018, 2019, and 2020, including those that allow taxpayers to take advantage of specific expensing rules for the affected years. How can you maximize those provisions for your business? There are many options to consider, and you may be wondering
On Wednesday, February 5, Barnes Dennig (BD) and Buechner Haffer Myers & Koenig (BHMK) hosted a panel discussion on Opportunity Zones. In an intimate, small group setting, our attendees were able to hear useful information, personal stories and some nationally recognized news from our panelists, which included: Brian Redden (BHMK)
One Click. So Many Ways to Profit. What was it that led you to this page? Chances are, you’re looking for help with something specific. An audit, say, or advice about tax credits. You’re in luck. Our accountants and business advisors have extensive experience providing local, regional, and international companies
In recent years, a growing emphasis on sustainability has spurred various government initiatives aimed at encouraging environmentally friendly practices. Among these are three key credits that stand out for homeowners and environmentally conscious individuals: The Residential Clean Energy Credit The Energy Efficient Home Improvement Credit The Clean Vehicle Credit. Find
Paula has significant expertise on the tax code as it relates to not-for-profit organizations, a specialization that makes her a popular resource for local organizations and a decided asset to Barnes Dennig’s clients. Tax compliance can be a tricky issue for non-profits, as laws and interpretations change regularly. Paula is
https://www.youtube.com/watch?v=FGuDMwR3D_o Can’t watch the video? Get the transcript. Permanent establishment, or PE, is one of the most critical concepts in international tax and business operations. Top international tax pros Lauren Huster and Michael O’Hara unpack the key concepts – and key watchouts for expanding your international business operations. You can
https://www.youtube.com/watch?v=YXHPciR8drs Can’t watch the video? Get the transcript. Top Barnes Dennig estate and tax planning pros outline estate exemptions, timelines, and key strategies to help you optimize your estate planning and tax impact. You may also be interested in more information on estate planning and tax strategies. If you’d like
Gifts-in-Kind and the Importance of Donor Acknowledgement of these gifts for Taxes Purposes Happy Holidays from the Barnes Dennig family to yours. As we are quickly approaching the end of 2020, it’s a good time to evaluate recent standards updates and implementation plans. While a lot of focus has been
With an entrepreneurial spirit that runs deep and a passion for helping others build and preserve wealth, Mark Hamad has dedicated his career to guiding closely-held businesses, families, and individuals through the complexities of tax planning and private wealth management. Since joining Barnes Dennig in 2013, Mark has served many
Get a Quote Commercial real estate companies in Dayton and Ohio face a number of challenges staying ahead in a constantly changing landscape. In commercial real estate, bigger is often better. But bigger projects also add complexity. Taxes are tougher. You’re juggling more relationships with investment partners. The fluctuating market