https://www.youtube.com/watch?v=I59wKk9hONc Can’t watch the video? Download the transcript. What are the proposed tax changes, and what might they mean for you and your tax-planning strategies? Barnes Dennig tax pros Beth Germann and Michael Caldwell outline the basics, along with important considerations and items to explore with your financial advisor.
Significant final regulations under section 163(j), which includes the interest expense limitation that was issued in July 2020 to reflect amendments made by the Tax Cuts and Jobs Act (TJCA) and the Coronavirus Aid, Relief, and Economic Security (CARES) Act, were recently signed at the beginning of January 2021. There
Estimated at over $2.2 trillion, the Coronavirus Aid, Relief, and Economic Security (CARES) Act of 2020 is the single most expensive legislation in U.S. history. The CARES act was implemented rather quickly when it was signed into law by President Trump in March of 2020. It was intended to provide
Effective late Monday, March 23rd, both Ohio and Kentucky have placed significant restrictions on the types of commerce which can be conducted for the next few weeks. Fortunately for our clients, accounting services firms are exempt from these restrictions. Since March 14th, our Firm has maintained
Retirement Planning | Don’t Let the Tax Tail Wag the Economic Dog Can’t watch the video? Read the transcript. Tax planning is a critical part of wealth management – but don’t let the tax tail wag the economic dog. CPAs and Personal Financial Specialists (PFS) Andy Bertke and Beth Germann
Like the pandemic itself, COVID-19 relief legislation brought about huge changes. The CARES Act and the recently enacted Consolidated Appropriations Act (CAA) not only brought desperately needed relief to businesses, organizations, and individuals, but also created an avalanche of tax changes. Knowing the nuances and navigating them successfully could be
Laura has the experience and the education to provide clients with the ideas, answers and service they need. A Master of Taxation degree, the CPA credential and years of experience make her a well-rounded professional capable of navigating the tax code and formulating tax strategy. Laura has worked in public
As a Tax Principal, Agnes focuses on high-net-worth individuals providing tax and consulting services. She has extensive experience in tax advisory services, concentrating in the construction and real estate industries. She is driven to help clients structure their tax decisions based on sound business practices. Agnes’s corporate and individual tax
According to the U.S. Bureau of Labor Statistics (BLS), in 2021 more than two-thirds of private companies were offering some form of retirement plan to their employees. One of the most traditional retirement plan options offered is a 401(K) pre-tax plan – and while this is an excellent option to
With the passing of the One Big Beautiful Bill Act (OBBBA), a new temporary deduction for car loan interest for individual taxpayers has been introduced. Effective for tax years beginning after December 31, 2024, and before January 1, 2029, interest paid on a qualifying car loan will be deductible. What
As part of the recently enacted One Big Beautiful Bill Act (OBBBA), a new type of tax-advantaged investment account has been created for individuals under the age of 18: 530A accounts (also called Trump Accounts). These accounts are designed to encourage early savings and investment for children and young adults,
Presented by Advanced Manufacturing Industry Partnership (AMIP) along with Barnes Dennig Director and Manufacturing tax expert Lauren Huster we cover a wide range of tax topics in this exclusive workshop. We touched on multiple timely topics – new R&E credit requirements, insights into expanding your business, and the financial implications