As with so many aspects of our lives, the pandemic has dramatically changed the landscape of dealerships as we know them – and that’s requiring them to adapt in creative new ways. One of the largest talking points in the dealership industry is the shortage of microchips, which has caused
At the end of the 2019 calendar year, Congress passed the Taxpayer Certainty and Disaster Relief Act of 2019 (H.R.3301). One provision of the House Bill related to retroactively extending the income tax credit available for biodiesel and alternative fuels. The tax extender will provide welcome relief to companies that
In May 2024, Indiana announced it was rebranding the Indiana CollegeChoice 529 Savings Plan to Indiana529 Savings Plan. The new name and revised look reflect the expansion of Internal Revenue Code (IRC) Section 529 plans in recent years to provide more opportunities for families to save for education. Saving and
Chad is an integral part of the leadership of the firm’s Manufacturing and International teams, with experience in a variety of roles and a passion for building productive, long-term relationships with his clients. He has served as an auditor, tax professional, outsourced controller, and financial analyst for clients in numerous
New legislation designed to support millions of Americans as they continue to struggle with the impact of COVID-19 on their health, livelihood, and community went into effect at the end of 2020. One of the major provisions of the Consolidated Appropriations Act (CAA) is relief for not-for-profit organizations. Here are
Your Acceleration Ally: Support for Private Equity-Owned Organizations At Barnes Dennig, we understand the unique needs of private equity-owned businesses. Our specialized service is designed to support these dynamic and fast-paced organizations through every stage of their increasingly rapid growth cycle. Focusing on quality, price, and exceptional client service, we
People Mean Business For professional firms like yours, success hinges on the ability to build relationships. Brainstorming with clients over the phone. Sharing timely insights about their industry. These things takes time and dedication, and you wouldn’t want it any other way. Accounting and taxes? That’s another story. Still, you
As Chief Financial Officer, Lisa leads the firm’s finance and accounting functions, ensuring smooth financial operations and overseeing budgeting and forecasting, treasury, financial reporting, and internal controls. She builds scalable processes and delivers clear, data-driven insights to support firmwide decision-making, and partners closely with Barnes Dennig’s Executive Committee to guide
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The IRS has released additional guidance on how individual taxpayers can determine their deduction amounts for qualified tips and overtime wages under the OBBBA for 2025. This update is important because Forms W-2 1099 forms will not be modified for 2025 to reflect these new deductions. Refresher As noted in
It seems like giving should be easier. Charitable giving is widespread in the U.S. and plays a crucial role in supporting countless non-profit organizations across a wide range of categories: education, healthcare, environmental protection, social services, and the arts. To foster charitable giving, the tax code under Section 170 and