At Barnes Dennig, we understand that pursuing a SOC report isn’t entirely about compliance, but rather about supporting your business goals, meeting your customers’ expectations, and building trust. It shows stakeholders how your controls perform in practice and keeps the process clear for your team. Focused on your time and
The cybersecurity landscape is a complex world of acronyms, audits, and certifications. For service organizations, the SOC 2 report is a significant milestone, but achieving it can be a significant drain on time and resources. This is where Governance, Risk, and Compliance (GRC) tools come in. These solutions try to
Leading consulting and investment banking firm for contractors, FMI, has released their second quarter of 2023 edition of the North American Engineering and Construction Outlook. The thirty-page report is available in full at FMI’s website, but some key takeaways from the report include: Engineering and construction total spending is forecast
The passing of the “One Big Beautiful Bill Act” (OBBBA) will have a significant impact on individuals, with some of the most important changes affecting itemized deductions. As tax policy continues to evolve, understanding the ripple effects on individual and business planning is critical. The provisions below reflect some of
Securing a federal contract can create important opportunities for small businesses, providing steady revenue and potential for growth. Before you can pursue this work, your business must meet several key requirements established by the U.S. Small Business Administration (SBA). Understanding these basics will help you prepare and position your company
The Employee Benefits Security Administration (EBSA) issued a disaster relief notice during 2020 that gave relief to plans that had participant payments and withholdings that were not made within prescribed timeframes if those delays were solely attributable to the COVID-19 pandemic. The relief period began on March 1, 2020 and
Forbes Magazine has named Barnes Dennig a 2021 Top Recommended Tax and Accounting Firm in America – one of only 172 firms across the country to be a recommended firm in both categories. Forbes partnered with research company Statista to conduct an independent survey and online access panel of thousands
Getting a pulse of the construction industry In the ever-evolving landscape of the construction industry, staying ahead of economic trends is crucial. The recently released Fourth Quarter Construction Industry Round Table (CIRT) Sentiment Index from FMI Corporation provides a snapshot of the feelings of players within the industry. Paired with
In recent years, a growing emphasis on sustainability has spurred various government initiatives aimed at encouraging environmentally friendly practices. Among these are three key credits that stand out for homeowners and environmentally conscious individuals: The Residential Clean Energy Credit The Energy Efficient Home Improvement Credit The Clean Vehicle Credit. Find
The SECURE 2.0 Act, enacted in December 2022, and ongoing provisions of the CARES Act continue to bring sweeping changes to retirement plan administration. With several impactful updates taking effect in 2024 and 2025, plan sponsors and administrators must proactively review, update, and communicate plan changes to remain compliant and
There’s no end to the talent crunch in sight, and more and more organizations are exploring innovative ways to meet business needs. One gaining traction fast is the fractional CFO/fractional Controller model. Why? First, the fractional model allows businesses and non-profits to acquire the same advice and direction they’d receive
The manufacturing industry is undergoing a technological revolution thanks to the transformative potential of AI, with the potential to have an even greater impact than robotics. And while there are opportunities for manufacturers of all sizes, the greatest opportunities are for smaller companies. AI is already reshaping every facet of