Emergencies can happen anytime, and they often come with unexpected financial burdens. Recognizing this, the SECURE 2.0 Act of 2022 introduced a new savings avenue – the Pension-Linked Emergency Savings Account (PLESA). The PLESA is designed to enhance financial security for workers, providing a crucial safety net in times of
In October 2023, California passed the Climate Corporate Data Accountability Act (SB 253) and the Greenhouse Gases: Climate-Related Financial Risk Act (SB 261), creating unprecedented climate-related reporting for companies beginning in 2026. In addition to certain climate-related financial risks and disclosures, the bills focus on reporting greenhouse gas emissions in
Can’t watch the video? Get the transcript. Growth often brings opportunity, but it also brings complexity. For many organizations, there comes a point when existing advisors and systems can no longer keep pace with evolving needs. That moment can be especially critical during leadership transitions, where the right guidance can
The recently signed Inflation Reduction Act contains extensive changes, including some new tax credits, changes or increases for others, and significant tax law changes. In what may be one of the biggest charts we’ve ever built (at least for a blog post), here’s a summary of what’s changing, and when.
A common perception of “estate planning” involves wealthy families managing their fortunes and negotiating complex legal documents to minimize tax burdens. In reality, estate planning is crucial for people of all income levels. It’s not just about distributing wealth but also about ensuring your wishes are respected, and your loved
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