Did you receive an IRS notice to submit a previously filed 2020 tax return? As the Internal Revenue Service struggles with a still massive backlog generated by the pandemic and staffing challenges – the same issues impacting nearly every sector of the economy – some automatically generated IRS notices are
In a surprise move, on May 20, 2020, the Financial Accounting Standards Board (FASB) approved a one-year deferral to the effective date of the revenue standard (FASB ASC Topic 606, Revenue from Contracts with Customers) for all nonpublic and not-for-profit entities that have not issued their financial statements.
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,
The decision to sell a business can be a difficult one, and rarely do business owners know when exactly the right time to sell is. As private equity buyouts have surged in recent years, especially in the wholesale distribution industry, it has become increasingly important to always have your business
We See Talent Everywhere Supporting an Inclusive Culture Problem solvers. Relationship builders. Client advocates. People supporters. It takes all kinds of individuals, with all kinds of perspectives and backgrounds, to come together in making Barnes Dennig a great professional services firm. Diversity makes us strong and unique. If you’re motivated
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
One Click. So Many Ways to Profit. What was it that led you to this page? Chances are, you’re looking for help with something specific. An audit, say, or advice about tax credits. You’re in luck. Our accountants and business advisors have extensive experience providing fast-growing local, regional, national, and
The CPAs Who Know Your Niche What makes your company’s tax and accounting needs different from everyone else’s? It starts with your industry’s DNA. You and your competitors face the same industry-specific issues —from uneven cash flow to complex regulations to the relentless pace of automation. The company that comes
The end of the year represents the perfect opportunity to reflect on the last 12 months and to review your overall personal financial situation. We’ve had a year to assess the impact of 2018’s tax reform bill and to understand how your own tax situation was affected. Reviewing your tax
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
Managing a successful business requires focus on tackling the day-to-day operational issues while strategically steering the company towards growth and increased profitability. For some this means addressing worker shortages, training needs or developing new recruiting programs. Others may focus on product development, supply chain management and vendor issues. The strong