The Secure Act 2.0 includes several changes that offer opportunities for retirement and tax planning. Signed into law on December 29, 2022, as part of the $1.7 trillion omnibus spending deal, the Consolidated Appropriations Act, 2023, P.L. 117-328. Secure Act 2.0 has over 90 new retirement plan provisions. Convert a
By working together, Fractional and SALT professionals deliver integrated solutions that increase efficiency and value, maximize resources, reduce costs, and help your business thrive. Fractional Accounting and Advisory Services refer to financial and accounting professionals who offer their expertise and services on a recurring scheduled basis. The right fractional resource
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
If you do not have a procurement department taking care of the Request for Proposal (RFP) process for you, and especially if cloud-based providers are new to you, here are some tips for planning for the RFP process. (Planning is important; remember the carpenters’ creed: “measure twice, cut once.”) Recognize
The IRS has provided guidance to employers that provide matching retirement plan contributions based on student loan payments – a provision of the SECURE 2.0 Act of 2022. Notice 2024-63 implements Section 110 of the SECURE 2.0 Act of 2022; this section allows employers with a 401(k) plan, 403(b) plan,
Construction consulting experts FMI released their third-quarter outlook for the construction industry, and as we look at where we’ve come and where we’re headed, 2024 presents an intriguing confluence of growth and challenges. Despite the heightened anticipation of a broader anticipated recession dangling over the U.S. economy, the construction industry
The Tax Cuts and Jobs Act (TCJA) of 2017, introduced under former President Donald Trump’s administration, substantially altered the U.S. tax landscape. However, many of its provisions are set to expire at the end of 2025, leading to speculation about how these changes may affect taxpayers and the broader economy
The 2030s are poised to be a transformative decade, marked by a significant economic depression. Renowned economists Brian Beaulieu and Alan Beaulieu of ITR Economics recently shared insights into the expected downturn, offering a roadmap for businesses and individuals to not only survive but thrive during this challenging period. The
Barnes Dennig hosted its second international roundtable on October 30, 2019 to gather companies together to discuss how the tariffs have impacted them and how to reduce the impact tariffs have had on their companies. David Schwartz, practice group leader of international trade at Thompson Hine, joined the discussion to
Understanding Outbound Transactions Cross-border taxation can be divided into various categories based on the type of the transaction, with the highest division being “Inbound vs. Outbound.” Inbound refers to non-U.S. persons (and in this case, “persons” meaning both individuals as well as entities) having U.S. income. Outbound is the opposite,
As a long-standing member of the Barnes Dennig leadership team, Steve plays an integral role in the firm’s assurance practice, including involvement with some of the firm’s largest and most complex assurance clients, particularly in the Wholesale/Distribution industry. Steve serves various clients in multiple industries with a significant concentration in