Kentucky’s sales tax rules continue to evolve, especially for digital, data-driven, and remote sales activity. If your business sells into Kentucky or provides data-related services, now is a good time to review your taxability, nexus, registration, and compliance obligations. Sales by religious institutions now exempt Effective August 1, 2026, KRS
In 2018, we published a blog post outlining the new revenue recognition accounting standard (ASC 606) and how it would potentially impact distributors. Now that the standard is effective, let’s take a look back and see what the impact on distributors has actually been. Below are areas we found to
For the third year running, Barnes Dennig is one of Forbes’ Top Accounting and Top Tax Firms – one of fewer than 200 firms to achieve the distinction in both categories. Forbes creates the list each year by partnering with market research company Statista, which conducts broad surveys among CPAs,
Issuing company credit cards to employees can streamline business operations, but it also introduces risk. Without proper oversight, employee credit card misuse can lead to significant financial loss and internal control breakdowns. Unlike consumer cards, business credit cards generally are not protected by the Truth in Lending Act, and the
EIDL Loan Increase, Shuttered Venue Operators Grant, Restaurant Revitalization Fund Grant Updates The American Rescue Act, signed into law by President Joe Biden on March 11, provides assistance for struggling venue operators, restaurants, and bars that have been especially hard-hit by the COVID-19 Pandemic. The American Rescue Plan Act of
Award for Service Excellence Reflects Commitment to Clients Barnes Dennig is proud to announce recognition for outstanding client service with ClearlyRated’s Best of Accounting Award for the third year in a row. ClearlyRated’s Best of Accounting® Award recognizes accounting firms that have demonstrated exceptional service quality based exclusively on ratings
Individual Tax Filing Due Date On March 24, 2021, Ohio Tax Commissioner Jeff McClain announced that Ohio will follow suit with the federal government and IRS in extending the deadline to file and pay Ohio individual income taxes for tax year 2020. The new deadline will now be May 17,
In the first post of our Environmental, Social, Governance (ESG) series, we talked about what ESG is – Environmental, Social, and Governance issues, where and why they matter, and the potential impact private companies are starting to see as their public company customers ask for evidence of ESG measures. In
https://www.youtube.com/watch?v=FGuDMwR3D_o Can’t watch the video? Get the transcript. Permanent establishment, or PE, is one of the most critical concepts in international tax and business operations. Top international tax pros Lauren Huster and Michael O’Hara unpack the key concepts – and key watchouts for expanding your international business operations. You can
Thrive at the Speed of Change Your innovations drive everyone else’s. That’s what makes technology so exciting. To stay in the game, your company has to be able to think fast, act fast, run with precision, and strategize like a chess grandmaster. Accounting and taxes can bog you down. But
In part one of our Environment, Social, Governance (ESG) measure blog series, we gave a general overview of what ESG is and why it matters. In part two, we dug into how investors and analysts are thinking about ESG measures, and how to choose the ones that matter for your
As we enter the second quarter of 2024, it’s an excellent time to pause and reassess your financial landscape – including an estate plan review. You might think that once an estate plan is established, it remains in effect indefinitely – but that’s not always true. Changes in laws and