https://www.youtube.com/watch?v=j-L4sFoqQPs Can’t watch the video? Get the transcript. While 2023 is drawing to a close, there are still steps you can take to minimize your tax burden. Top tax pros Andre Williams and Mark Hamad share strategies and insights on renewable energy credits, expiring provisions of the Tax Cuts and
As the end of 2020 looms large and year-end tax planning is in full swing, businesses and organizations in virtually every industry have been struggling with unanswered questions about PPP loans – loan forgiveness, deductibility of related expenses, timing of loan forgiveness applications, and the impact on taxable income for
75% of respondents in a recent survey said implementing the new lease accounting standard is more or as complex as implementing the revenue recognition standard. We’ve developed this toolkit to help you get started on a successful implementation. And if you get stuck – or just have a question –
Avoid Tax Surprises. Win the Day. Surprises are the last thing you want during a merger or acquisition. And few – if any – surprises are worse than surprise taxes that can often lead to a long-term escrow arrangement, or even worse, kill a deal altogether Tax due diligence can
SharedWork Ohio (SWO) is a voluntary layoff aversion program through the Ohio Department of Job and Family Services (ODJFS). It allows Ohio employers to retain staff during periods of reduced business activity. Participating employers reduce the hours of affected employees by between 10 and 50 percent in a uniform manner.
How Maximizing the Small Business Deduction Saved One Company $200K And the savings add up, year after year. Proactive thinking, in-depth industry expertise, and a laser focus on the finer points of tax law changes combined to help Barnes Dennig’s tax team save a privately-held company $200,000 a year in
Filing a Form 990 is one of those tasks that all non-profits must complete. Yet, there are a surprising number of common and not-so-common tips that non-profit leaders can take to make the filing process easier and more beneficial to your organization. In this blog and accompanying video, we break
The current bonus depreciation rule came into play under the Tax Cuts and Jobs Act (TCJA) in 2017. Under TCJA, qualified property placed in service between 2017 and 2022 can be fully deductible. After 2022, this deduction has gradually been phased down to 80% in 2023, 60% in 2024, and
Have you ever thought about whether your 401(k) benefits are the same as other employees within your Plan? Are you getting the same benefits as someone who is more highly compensated? Luckily for you, Employee Benefit Plans are required to go through compliance testing to ensure that benefits within your
Updated guidance from the Multistate Tax Commission (MTC) could mean new income tax nexus for manufacturers – and while states must first adopt the guidance before it becomes law, the time to map the potential impact is now. Public Law 86-272 – the backstory In 1959, Public Law (PL) 86-272
https://www.youtube.com/watch?v=0RgqoJidGSM Can’t watch the video? Get the transcript. When you own and actively run a business, life can often feel like you’re standing on a wobbly three-legged stool where the legs represent your business, your personal life, and your financial situation. If any one of those legs is out of
With 2025 and a new presidential administration well underway, new tax proposals are poised to reshape the tax landscape for both businesses and individuals – and may have a significant impact on tax deductions, tax credits, and overall tax liabilities for virtually every taxpayer. We’re taking a look at the