On Monday, September 13th, the House Ways & Means Committee proposed sweeping changes to retirement accounts for high-net-worth individuals. The proposals are aimed at reducing the dollar value of assets held in Individual Retirement Accounts (IRAs) for these high-net-worth individuals. Below are specific items included in the proposals:
President Trump announced four pandemic relief executive orders on August 8, 2020 in response to the lack of progress by Congress in passing the Health, Economic Assistance, Liability Protection, and Schools (HEALS) Act. While whether the President has the authority to change federal taxes and extend federal spending without Congressional
https://www.youtube.com/watch?v=oJKXAJKTGHA Can’t watch the video? Get the transcript. If you think your business or non-profit organization doesn’t qualify for the employee retention tax credit (ERTC), you might be surprised. And since it can be worth up to $21,000 per employee in 2021, it’s important to be sure. Take the 3-minute
In March, The Internal Revenue Service (IRS) announced the extension of filing and payment of federal taxes due on April 15, 2020, to July 15, 2020. This extension allows for no late filing penalties or interest to be assessed. Notice 2020-23 was issued late last week to provide additional tax
https://www.youtube.com/watch?v=rc3pElAYnjI Can’t watch the video? Download the transcript. How do the new tax credits work, and how can they help you build a strong foundation for the future? In this webinar excerpt, Barnes Dennig Director and COVID-19 Advisory Team leader Andy Bertke covers some of the highlights.
Dan specializes in pass-through entity and individual taxation, primarily serving clients in the construction and manufacturing industries. A dual CPA licensed in Ohio and Kentucky, Dan brings deep expertise in federal, state, and local taxation, as well as trust and estate tax matters. A key member of Barnes Dennig’s Valuation
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 (IN) On March 16, 2020, Indiana Governor Eric J. Holcomb has announced several directives regarding unemployment related
https://www.youtube.com/watch?v=K6oHsitQU1s Can’t watch the video? Download the transcript. Some smart planning in these final months of the year could significantly reduce your 2020 tax bill. Barnes Dennig Manager Mark Hamad breaks down key strategies, from Roth IRA conversions to Health Savings Plans to charitable donation strategies.
“Helping clients succeed and grow is at the heart of what I do. I work hard to simplify complex financial and tax concepts so they’re easy to understand, and I strive to be one of their most trusted resources.” As a Director at Barnes Dennig, Chaleise Fleming combines deep technical
If you received a Form 1099-G for unemployment benefits in 2020, you should immediately verify that the amount reported matches the amount of benefits you received. There may be a variance, or you may have received a Form 1099-G showing unemployment benefits though you never filed an unemployment claim. Scammers
As a Senior Manager in the tax services group, John utilizes his two-plus decades of accounting experience to help his clients navigate their unique tax situations. John is a key member of the not-for-profit team, where he helps organizations maximize their resources, taking their mission further while remaining in compliance