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
On July 22, 2019, a bill (the Research and Development Tax Credit Expansion Act) was introduced that would be effective for taxable years beginning after December 31, 2019 to expand refundability and increase simplification of the research credit for certain small businesses. The Research and Experimentation (R&E) tax credit promotes
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,
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. Updated Guidance on Tax Credits for Paid Sick, Paid Family and Medical Leave and Employee Retention Credits as well as
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
As a follow-up to prior IRS guidance discussed in our earlier blog, the IRS released Revenue Procedure 2025-28 on August 28, 2025, providing detailed guidance on how businesses should handle research and experimental (R&E) expenses under the One Big Beautiful Bill Act (OBBBA). These changes significantly alter the tax treatment
With the new lease accounting standard being effective for the 2021 year for calendar year non-public entities, and while many are focused on the accounting adjustments that will be necessary to recognize their operating leases on the balance sheet, a less apparent challenge is looming in the financial statement disclosures
With geopolitical uncertainty, supply chain snags, and economic volatility, manufacturers are at a crossroads. Maintaining the status quo in their financial practices could mean missing out on opportunities for growth and optimization – but how and when is it okay to implement big changes to financial systems without incurring serious
An excerpt from our Opportunity Zone Expo Panel Discussion on November 14, 2019 Before the second round of the proposed rules, the only way for investors to purchase an interest in a Qualified Opportunity Zone Funds (QOF) was with cash. Round Two of the proposed regulations allowed for QOFs to
Inflation creates a host of new challenges for distributors, but there are some great strategies and best practices to help overcome them. In a new webinar titled “How CRM and Business Intelligence Drive Growth During Uncertainty,” Modern Distribution Management and White Cup reviewed best practices distributors can use to measure
Effective liquidity management is essential to the financial health and long-term sustainability of non-profit organizations. In recent years, regulatory changes, particularly FASB’s ASU 2016-14, have placed a renewed emphasis on transparency around how non-profits manage and report liquid resources. In this post, we’re breaking down what liquidity means in a