“Helping clients navigate through the tax code is a challenge I enjoy. The complexity and ever-changing nature of the tax code can cause frustration for clients trying to earnestly comply. It’s great to be able to clarify the issues and recommend a course of action for clients – ultimately offering
The IRS has released important updates regarding how the One Big Beautiful Bill Act (OBBBA) deductions for tips and overtime will be applied over the next several years. While these deductions were designed to minimize tax burdens and maximize cash flow, employers and employees should note that reporting changes won’t
Barnes Dennig hosted its second international roundtable on October 30, 2019 to gather companies together to discuss how the tariffs have impacted them and how to reduce the impact tariffs have had on their companies. David Schwartz, practice group leader of international trade at Thompson Hine, joined the discussion to
Indiana State Bill 382 was enacted on March 15, 2022, when signed by Governor Eric Holcomb. Authored by Senator Travis Holdman and Senator Brian Buchanan, the bill covers various tax and fiscal policy, but most excitingly for those in the affordable housing industry, creates a state tax credit. The credit
Construction companies and contractors in Dayton and across Ohio are faced with a bevy of management challenges. Not only are there traditional accounting and financial reporting concerns, but also issues unique to industry companies. This requires management to focus on traditional issues such as cash flow optimization, job costing analysis,
Seasonal Work. Year-Round Strategy. Landscaping businesses operate in a world of shifting schedules, seasonal cash flow, and specialized tax rules that don’t always make sense at first glance. You need someone who knows the terrain and understands the unique challenges of landscaping companies. We work with landscaping companies across the
In recognition of outstanding expertise, relentless dedication to excellent client service, and laser focus on team development, Barnes Dennig proudly announces the addition of three new Directors to its leadership team – and for the second time in the firm’s history, this promotion class is all female. With this addition,
In what seems to be an everlasting battle, the effects of the pandemic are still being felt nationwide. It has required businesses to adapt and change what was once the norm. Allowing employees to work from home has been a major change made by many employers. This has raised concerns
The IRS issued final regulation on bonus depreciation under IRC Sec. 168(k) on September 16, 2019. This was a follow up to their previously issued proposed regulation released in August 2018. The final regulation clarified that qualified improvement property placed in service after 2017 is no longer eligible for bonus
We know that many not-for-profit leaders wear multiple hats. You’ve got the strategy, the mission and the vision set. But to grow the organization, you need to know the ins-and-outs of running a business too. That’s why Barnes Dennig hosted this 60-minute power hour on tax, accounting, and financial hot
Staying in Compliance with Transfer Pricing Regulations You’ve moved some of your business internationally – and now want to move some of your supplies, services, or intellectual property there too. This seemingly simple practice might actually be a big headache – and an even bigger tax burden. It all comes
What are these two schedules? Schedule K-2 “Distributive Share Items – International” and Schedule K-3 “Share of Income, Deductions, Credits, etc. – International” are intended for pass-through entities (PTE) to consistently report international tax information. This allows for clearer instructions to owners to report the international income, deductions, and information