President Trump announced four pandemic relief executive orders on August 8, 2020 in response to the lack of progress by Congress in passing the Health, Economic Assistance, Liability Protection, and Schools (HEALS) Act. While whether the President has the authority to change federal taxes and extend federal spending without Congressional
The Cares Act (signed by President Trump on March 27, 2020) provided for a refundable Employee Retention Credit (ERC); however, PPP loan recipients were precluded from qualifying for the ERC. At that time, many businesses chose to apply for PPP loans in 2020 as opposed to ERCs. The President signed
If you are a non-profit leader experiencing uncertainty while awaiting the release of the Office of Management and Budget’s (OMB) 2025 Compliance Supplement, you are not alone. Many organizations are in a similar position, preparing for upcoming single audits without clear federal guidance. The OMB customarily issues its annual Compliance
In 2016, the FASB issued the lease accounting standard (ASU 2016-02, Leases (ASC 842)). The impact of this standard is significant as almost every company will see their balance sheet change as a result of the standard. However, it is debatable as to whether this standard is more significant than
Doing Good Makes Good Business Sense They say that virtue is its own reward. But sometimes it’s not the only one. Has your company recently hired a veteran? Created new jobs? Converted to LED lighting? The tax code rewards economic actions that benefit society as well as business. These tax
Financial Management 101 for Indiana NFP Leaders Who Do It All On-Demand Not-for-Profit Virtual Roundtable We know that many not-for-profit leaders wear multiple hats. You’ve got the strategy, the mission and the vision set. But to grow the organization, you need to know the ins-and-outs of running a business too.
Doing Business in Dayton (OH) Dayton is in the Miami Valley in Ohio. Often called the “Gem City,” it’s home to the National Museum of the U.S. Air Force, Carillon Historical Park, Boonshoft Museum of Discovery, and the Dayton Art Institute. In addition to interesting sites, a widely diverse range
What is HECVAT – and how does it matter to your business? If you’re working with higher education, or if the university market is part of your growth strategy, it could matter quite a bit. Here’s what you need to know: What is HECVAT? HECVAT started as the Higher Education
Ohio, also known as the Buckeye State, is home to thousands of businesses and organizations. The combination of attractive business and financing incentives combined with a low unemployment rate (5.6%) and large workforce (7.1M), make it an attractive location. In fact, there are over 301,063 state businesses with an employment
The IRS issued final regulation on bonus depreciation under IRC Sec. 168(k) on September 16, 2019. This was a follow up to their previously issued proposed regulation released in August 2018. The final regulation clarified that qualified improvement property placed in service after 2017 is no longer eligible for bonus
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