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
On May 9, 2019, Ohio’s House of Representatives passed House Bill 166 by a vote of 85-9. This is a two-year state budget bill that, if passed in it’s current form by the Senate and signed by the governor, will make several significant changes to Ohio tax law. The House
Indiana State Bill 382 was enacted on March 15, 2022, when signed by Governor Eric Holcomb. Authored by Senator Travis Holdman and Senator Brian Buchanan, the bill covers various tax and fiscal policy, but most excitingly for those in the affordable housing industry, creates a state tax credit. The credit
How has data analytics helped drive the decision-making process in your industry? In Wholesale and Distribution, there are countless data points to help distributors make informed decisions for best practices. As technology and capabilities grow, there are many opportunities to enhance workflows and productivity throughout the industry. Five key tactics
What key trends are driving construction in 2025, and what’s the industry’s expected trajectory this year? On February 7, 2025, Barnes Dennig, BMO, Michaelis Corporation, and USI Insurance hosted top construction consulting firm FMI’s Emily Beardall as she unpacked emerging trends in the construction industry. Right now, industry leaders and
The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, announced today that the Paycheck Protection Program (PPP) will re-open the week of January 11 for new borrowers and certain existing PPP borrowers. To promote access to capital, initially, only community financial institutions will be able to make
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. Interim Rules The immediate effective date of this interim final rule will benefit small businesses so that they can immediately
Finding the Silver Lining in a Net Operating Loss The CARES Act is designed to minimize the economic impact for individuals and organizations; softening the blow of Net Operating Losses (NOLs) is a significant part of that relief. The CARES Act restores a taxpayer’s ability to file an NOL carryback
Fractional CFOs can be deployed at any stage in an organization’s lifespan, however, they’re most often brought in during periods of high growth. The process of identifying a qualified fractional CFO includes asking the right questions and keeping track of the variables in the market. To make an informed choice
At the end of the 2019 calendar year, Congress passed the Taxpayer Certainty and Disaster Relief Act of 2019 (H.R.3301). One provision of the House Bill related to retroactively extending the income tax credit available for biodiesel and alternative fuels. The tax extender will provide welcome relief to companies that
Fellow and author for the National Association of Wholesale-Distributors and CEO of the Network for Business Innovation, Mark Dancer, recently led a thought-provoking webinar for regional distribution industry leaders where he gave his perspective on why innovation is critical for distributors today – and for success tomorrow and beyond. Dancer’s