On March 27, 2020, the President signed the Coronavirus, Aid, Relief, and Economic Security (CARES) Act to support the economy with loans, subsidies, and some much-needed tax relief. One highly-anticipated tax provision was a fix to the definition of Qualified Improvement Property (QIP) to allow for a 15-year life
One of the key questions that business owners frequently ask is: “What should I be doing now to make my business most valuable when (or if) I want to sell?” Business owners have a number of options and activities that they can pursue today so that when the opportunity to
The annual non-profit Leadership Summit is always a highly anticipated event, and that was especially true in 2021. The summit, presented by Barnes Dennig, The Leadership Council for Non-Profits, and the Association of Fundraising professionals, hosted renowned speaker and author Sheri Chaney Jones as its keynote speaker. The founder and
Many companies have had to make very difficult employment decisions during 2020. Those that were fortunate enough to receive a Paycheck Protection Program (PPP) loan may have been able to defer employment reductions in the short term. Unfortunately, for many businesses, the COVID-19 environment has lasted longer than the PPP
Barnes Dennig is dedicated to helping you identify opportunities, options and strategies to minimize the impact of the COVID-19 Pandemic. Visit our COVID-19 Advisory Services Page here to learn more. Unemployment Insurance Benefits (OH) The pending federal legislation has expanded unemployment insurance (UI) benefits language for self-employed individuals, but Ohio
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. That’s why Barnes Dennig and Impact 100 hosted this 1-hour session on tax,
The “new normal.” No one knows exactly what this will look like, and the economic outlook for the week, month, and year ahead change daily. The impacts of the coronavirus pandemic are being absorbed in every corner of the economy, and the supply chain is no exception. Significant declines in
At a press conference held today, U.S. Treasury Secretary Steven Mnuchin announced that taxpayers will receive a three-month extension of time to pay the income taxes owed for 2019. During the three-month deferral period, taxpayers will not be subject to interest and penalties. As of the time of this writing,
Barnes Dennig is dedicated to helping you identify opportunities, options and strategies to minimize the impact of the COVID-19 Pandemic. Visit our COVID-19 Advisory Services Page here to learn more. Unemployment Insurance Benefits (KY) On March 16, 2020, Kentucky Governor Andy Beshear outlined changes to the state’s unemployment rules as
Recently, businesses and trade associations led by the Ohio Society of CPAs (OSCPA) sent a letter to Ohio’s Congressional Delegation regarding the issues surrounding 2020 Ohio Bureau of Workers Compensation (BWC) Dividends, expressing concerns about their potential unintended impact on businesses. Requested Exclusion for PPP Loan and ERTC The letter
What’s a business worth? In the eyes of its founder, a business may be priceless. But there are times that call for a more accurate number from an objective point of view. Not just when you’re buying or selling, but also when you’re setting shareholder value, gifting shares to family