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
Strategic financial leadership is essential for the long-term success of any company that seeks to thrive in a progressively competitive business environment. Many small to mid-sized companies and organizations are turning to fractional accounting and advisory services to meet this need – increasingly to fulfill the critical role of CFO.
Human resources plays a critical role in every organization, yet many businesses struggle to maintain the right level of HR support as they grow and evolve. For companies that may not need a full-time HR department, or that need additional expertise during periods of change, fractional HR support
The Historic Tax Credit (HTC) has long been a cornerstone of American preservation and revitalization efforts. Introduced in 1976, the HTC has facilitated the rehabilitation of over 49,000 historic properties, spurring economic development and preserving cultural heritage nationwide. However, over the past decade, HTC’s effectiveness has been diminished due to
Data centers are at the heart of today’s digital economy, powering everything from cloud-based solutions to AI applications. As reliance on these facilities grows, so does the demand for transparency, security, and reliability. One of the most effective ways for data centers to demonstrate their commitment to operational excellence is
The utilization of forfeitures in retirement plans has become a focal point in the ERISA litigation landscape. Forfeitures typically occur when an employee terminates their employment before their employer contribution becomes fully vested, resulting in the unvested portion reverting to the plan’s forfeiture account. Recently, lawsuits alleged that employers are