During the height of COVID-19, Congress passed several significant Acts to help businesses and non-profits retain their employees. Two major programs emerged from that massive action: the Paycheck Protection Program (PPP) and the Employee Retention Tax Credit (ERTC). Both were instrumental in encouraging organizations to keep people on their payrolls
Help Navigating the Highly Regulated Affordable Housing Industry Are you a private developer or a not-for-profit organization looking to bring affordable housing to a community? It’s pretty likely that you’ve run into the overwhelming complexities that are the U.S. Department of Housing and Urban Development (HUD) and the IRS through
Final legislation enacted December 20, 2019 included the Setting Every Community Up for Retirement Enhancement (SECURE) Act, which consists the most updates to retirement legislation in over a decade. Many of the provisions aim to encourage more Americans to improve their retirement savings. And while many of the changes offer
Transaction accounting involves recording, summarizing, and reporting financial information. It also involves keeping a detailed record of every transaction as it occurs so you can present a clear picture to measure progress and performance. Maintaining such records accurately is critical to management’s understanding of the financial performance of the company
Have you ever thought about whether your 401(k) benefits are the same as other employees within your Plan? Are you getting the same benefits as someone who is more highly compensated? Luckily for you, Employee Benefit Plans are required to go through compliance testing to ensure that benefits within your
Clarity. Continuity. Confidence. Managing the family portfolio and household operations shouldn’t feel like a second full-time job. At Barnes Dennig, we help families simplify complexity with integrated financial and lifestyle support that flexes as your needs evolve. Our Family Office & Advisory Services team provides right-sized, right-now solutions. We deliver
With the passage of the One Big Beautiful Bill Act (OBBBA), many taxpayers—especially those in hospitality, healthcare, manufacturing, and construction—are asking: How does this impact tips and overtime pay? The short answer: OBBBA introduces two major “above-the-line” deductions, one for qualified tips and one for qualified overtime
Due to the increasing flood of ineligible Employee Retention Tax Credit (ERTC) claims, the IRS has announced an immediate moratorium on processing new claims through the end of 2023. According to IR-2023-169, the purpose of the freeze is to allow the IRS more time to audit dubious claims and intensify