Final legislation enacted December 20, 2019 included the Setting Every Community Up for Retirement Enhancement (SECURE) Act, which consists the most updates to retirement legislation in over a decade. Many of the provisions aim to encourage more Americans to improve their retirement savings. And while many of the changes offer
With a team dedicated exclusively to non-profit tax and Form 990s, we get a lot of questions from our not-for-profit clients – and perhaps one of the questions that we get most often is why a non-profit organization’s Generally Accepted Accounting Principles (GAAP) financial statements not match the IRS Form
Driven to Win The automobile dealership business is a race to the finish line, every day. We understand the unique challenges you face– after all, we’ve been working with dealerships for over 35 years. Our automobile dealership team understands how dealerships truly work – and their in-depth knowledge means they
In our signature tax event last fall, we highlighted the changes to the proposed 2022 partnership instructions for Schedule K-2 and K-3, which continue to loom large and are impacting many more organizations than initially anticipated. Now the IRS has updated the proposed instructions to provide additional relief. That’s welcome
After a notable increase in the third quarter, the FMI Construction Industry Round Table (CIRT) held largely steady in the fourth quarter of 2025, declining slightly from 65.0 to 64.6. This consistency suggests recent gains weren’t short-lived, even as market conditions cooled modestly. Market conditions and cost pressures Backlog levels
As businesses obtain approval and receive funds under the PPP program, there is seemingly no limit to the challenges and questions that follow. After making sure documentation is in place to support the financial need certification, implementing a system to track qualified expenses, and checking on the most recent update
Recently, Barnes Dennig and Hauser revealed the results of the 2019 Non-Profit Compensation Benefits and Benchmarking Study. For this 7th edition of the study, a record high 117 organizations participated with over 50% of those organizations being in the social or human services sectors. In addition to revealing feedback
While the new Corporate Alternative Minimum Tax (CAMT) may not apply to certain taxpayers, it may still generate additional reporting requirements. Here’s what you need to know. The Backstory The CAMT, created by the Inflation Reduction Act, imposes a 15% minimum tax on the Adjusted Financials Statement Income (AFSI) of
More Than a Paycheck Of course we offer a competitive salary that’s equitable and tied to performance, but there’s more to working at Barnes Dennig than just the paycheck. Relationships matter here. You’ll see that in the way we work with clients, but you’ll feel it in the way we
When an employee leaves your company before they’re fully vested in their 401(k) plan, those unvested funds become forfeitures. How you handle these forfeited amounts is critical, as improper management could put you at odds with the IRS. The IRS has proposed regulations that outline exactly what you can do
Companies of all sizes are required to prepare financial statements for internal and external stakeholders. In the U.S., Generally Accepted Accounting Principles (GAAP) has been the most popular accounting framework for decades, but it’s not the only option. Three alternatives – two based on international standards and one new option
https://www.youtube.com/watch?v=ueTrXZkjXq4 Can’t watch the video? Get the transcript. In the final episode of the DIY SOC Reporting series, top SOC reporting pros, Robert Ramsay and Bryan Gayhart, dive into security criteria – what they are, how to determine which ones apply to your business, and where to get started. While