Applications Open July 1 A $1 million program in Kentucky provides a unique opportunity for a state tax credit: The Endow Kentucky Tax Credit Program offers a credit toward Kentucky income tax following a contribution to permanent endowment funds at Horizon Community Funds. The program, which is available for individual
A critical update from the Department of Health and Human Services (HHS) provides new reporting requirement clarifications for non-profits that received Provider Relief Funding (PRF) under the CARES Act. And entities with fiscal year-ends (FYE) on or after June 30, 2021, will feel the impact first. FYI on FYE The
Watch on-demand as our team delivers a 60-minute webinar covering how non-profits can safeguard their finances against uncertainty. Against the complex and ever-shifting background of today’s political climate, balancing your non-profit’s mission-driven focus and financial sustainability can be especially daunting. This balance is made even more challenging due to unpredictable
One of the significant tax law changes with the One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, is related to the timing of tax deductions for research and experimental expenditures under Section 174. Amortized R&D expensing under TCJA Under the Tax Cuts and Jobs Act
Non-profit leaders face immense pressure to balance mission impact with operational efficiency. Human resources (HR), including compliance, talent management, and workforce development, sits at the center of this challenge. Yet, many organizations struggle to meet the budget and resource requirements to sustain a full-time, senior HR executive or team. This
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
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
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. Economic impact payments: What you need to know In an information release, the Treasury Department and IRS have announced that
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