For many business owners, exiting a business is one of the most significant financial and personal decisions they will ever make. Yet surprisingly, many entrepreneurs spend years building their companies and very little time planning how they will eventually leave them. Exit Planning is a structured process designed to help
Like every other industry, manufacturing is struggling to recruit and retain employees, and there’s no end. We dug into what’s driving the issues manufacturers are facing in the 2023 Manufacturing Compensation and Benefits Study reveal event (you can watch on-demand or review the top 10 takeaways for more) – but
Can’t watch the video? Get the transcript. Make better decisions by focusing on the right KPIs Business leaders have access to more data than ever before, but more information doesn’t always lead to better decisions. In fact, too much data can create decision fatigue, causing leaders to hesitate or focus
The Small Business Administration (SBA) has released the application to obtain forgiveness of PPP loans, and in doing so has provided answers to many of the questions that our team and so many loan recipients have had, as we try to forecast the forgiveness and make business decisions. The full
The Office of Management and Budget (OMB)’s new 2022 Compliance Supplement means changes for your next non-profit audit, if Federal programs and funding are involved. And unlike previous years, The OMB doesn’t expect to issue a future amendment to the supplement – so that means both auditees and auditors can
The SECURE Act, which was passed in December of 2019, brought significant changes to retirement accounts, specifically to the treatment of inherited retirement accounts – including eliminating the so-called “stretch IRA,” and adding a new 10-year “clean out” rule that requires beneficiaries from inherited retirement accounts to fully distribute the
A common perception of “estate planning” involves wealthy families managing their fortunes and negotiating complex legal documents to minimize tax burdens. In reality, estate planning is crucial for people of all income levels. It’s not just about distributing wealth but also about ensuring your wishes are respected, and your loved
Virus Protection Has a Whole New Meaning Remember when “virus protection” only referred to malware? When we talked about “wiping phones” prior to March of 2020, it was all about erasing data from a lost device. With millions of people around the world working from home and spending endless hours
Construction Executive Magazine’s hot-off-the-press Top 50 Construction Accounting Firms™ for 2022 names Barnes Dennig to its exclusive list, reinforcing the firm’s strength in accounting and business consulting for the construction industry. “It’s a great honor to be a part of this prestigious list for the third time,” says Barnes Dennig
What if you could get insights into what other Wholesale/Distribution companies in our region are paying, and what benefits they offer? It’s a definite competitive advantage for hiring and retaining hard-won talent – especially in the current labor market. Barnes Dennig, USI, and WesBanco are sponsoring a new Compensation, Benefits,
On March 15, 2021, Kentucky Governor Andy Beshear signed into law House Bill 278, which allows expenses paid with PPP loan proceeds to be tax deductible for Kentucky income tax purposes, providing much-needed relief for taxpayers. The passage of the Consolidated Appropriations Act (“CAA”) in late December provided taxpayers the
In March 2021, Congress appropriated $28.6 billion to the Small Business Administration (SBA) for a Restaurant Revitalization Fund (RRF) through the American Rescue Plan Act (ARPA) of 2021 to assist restaurants, bars, and other food service businesses experiencing substantial revenue loss and unemployment resulting from the COVID-19 pandemic. The SBA