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
When you work with Barnes Dennig, you can be sure you’ve joined forces with one of the best firms in the industry. But don’t just take our word for it. We’ve received numerous awards and recognition for our culture, talent, and service. And while the greatest recognition is the great
International reporting for pass-through entities has been inconsistent in the wake of the Tax Cuts and Jobs Act (TCJA), and that’s caused problems for owners – and for the IRS. Information for owners has been left as footnotes on the K-1, which is used to report the income, losses, and
With economic uncertainty at a post-pandemic high and climbing fast, you’re likely thinking about what you can do to put your business in the best possible position to weather the storm. In our landmark Signature Tax Event, Barnes Dennig’s top tax pros come together to help you do exactly that.
It’s no secret that the IRS is struggling – and despite billions in new funding over the next decade, the challenges aren’t likely to go away any time soon. The pandemic’s seemingly never-ending impact, repeated budget cuts, understaffing, a constantly changing and overly complex tax code, and woefully outdated technology
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. Unemployment Insurance Benefits (KY) On March 16, 2020, Kentucky Governor Andy Beshear outlined changes to the state’s unemployment rules as
Ben provides a wide variety of accounting and audit, tax, and business consulting services to clients with a primary focus in closely held companies in the construction, manufacturing/distribution, and service industries. Ben also has extensive experience leading Employee Benefit Plan audits and sharing best practices with his 401(k) clients. Ben’s
The Form 1099-MISC has been used in the past to report nonemployee compensation and other miscellaneous payments to recipients and the IRS. According to the IRS website, payers should file for each person to whom you have paid during the year: At least $10 in royalties or broker payments in