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
Christina provides a wide variety of accounting, tax, and business consulting services to her clients. Her primary focus is serving the real estate, manufacturing, and wholesale/distribution industries. Christina is a member of the American Institute of Certified Public Accountants, the Ohio Society of Certified Public Accountants, and the CPA Firm
People-Powered Profit Family-Owned Distributor and Barnes Dennig Achieve Success Together For long-term success, you need the right people, the right tools, and the right know-how. Need proof? Consider the story of Bryan Equipment Sales, Inc., a family-owned and -operated enterprise led by third-generation CEO Rick Bryan IV. The company has
The federal government continues to move quickly in providing support for families and businesses impacted by COVID-19. As of Thursday, March 18th, President Trump signed into law the Families First Coronavirus Response Act (H.R. 6201), following the Senate’s passage of a revised bill originally passed on March 14
While both U.S. Generally Accepted Accounting Principles (GAAP) and IRS Form 990 (required for most tax-exempt organizations) deal with investment income reporting, there are key differences: GAAP aims for comprehensive financial reporting for various stakeholders, while Form 990 focuses on transparency and compliance with IRS regulations for tax-exempt status. Essentially,
Manufacturers who use the Last In, First Out (LIFO) inventory method may be in for an unpleasant surprise in the near future. As the name suggests, LIFO requires that inventory sold be expensed at the most recently purchased/produced price of a unit of inventory on hand at the time of