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2023 Projections for Distributors

What’s going to separate wholesale distribution leaders from the rest of the pack in 2023, and what trends are expected to have the biggest impact on the industry? Indian River Consulting Group Managing Partner and Co-Founder Mike Marks shared his insights in an exclusive event hosted by Modern Distribution Management,

Cautiously Optimistic: ENR and Dodge Construction’s 2024 Forecast

This season is a great time to reflect on another year gone by and look ahead with hopefulness at what’s to come in 2024 – and nothing captures this sentiment better than taking a glimpse at the construction market. Looking at the industry forecast by the Engineering News-Record with help

Understanding United States v. Hughes: Establishing a Precedent in FBAR Violations

 A crucial decision in the landmark case of United States v. Hughes has broad implications for foreign bank account holders. The Ninth U.S. Circuit Court of Appeals has determined that recklessness is included in the definition of willfulness for civil penalties concerning Foreign Bank Account Records (FBAR) reporting violations.  If

How Manufacturers Use Benefits to Spark Improvement

Barnes Dennig, North Side Bank, and USI Insurance recently revealed the results of their 2019 Manufacturing Compensation & Benefits Benchmarking Study that surveyed regional manufacturing companies in Ohio, Kentucky, and Indiana. Of the 97 companies that participated, 48 companies had over 100 employees (large companies) and 49 companies had under

An Alarming Shift in Retirement Planning – and a Creative Solution

There’s a significant – and alarming – shift in how Americans view their retirement savings: the $12.2 trillion currently invested in these plans is increasingly viewed as accessible emergency funding instead of money strictly earmarked for retirement. Record-breaking withdrawals The numbers tell a stark story. Last year, a record 4.8%

International

Assurance at Home and Abroad Doing business abroad creates new opportunities and you’ll need to figure out the boundaries of the new geographic regulations. Not just any accountant, tax advisor, or business consultant will understand what you’re up against. You need to work with a firm that works globally –

Construction Optimism Surges: What the Latest Data Reveals About Market Recovery

The construction industry got some welcome news. The latest CIRT Sentiment Index shows confidence climbing to its highest level in quarters, with the overall sentiment jumping from 54.0 to 65.0 in the third quarter of 2025. For construction companies and their financial advisors, this uptick signals more than just good

IT Controls and Compliance

Defend Your Business Systems Can’t watch the video? Download a copy of the transcript here. You have solid internal financial and operational controls in place. But, does your confidence in those controls extend to your IT systems? If the answer is no, don’t waste any time making it a resounding

Beyond the Numbers

The Words We Bring to Life What makes a business philosophy matter? The way you live it. At Barnes Dennig, we believe in building long-term relationships with our clients, employees, and the communities where we live and work. We do it by: Being genuine Getting involved Listening and learning Sharing

What’s Ahead for Construction: Key Trends and Insights

The construction industry’s optimism is fading fast, with business leaders now facing one of the steepest declines in confidence seen in years, driven by rising costs, project delays, and trade pressures. FMI’s latest Construction Industry Round Table (CIRT) Sentiment Index highlights a notable shift in outlook between the first and

SOC Reporting

The Gold Standard of Proof for Data Security Payroll. Cloud computing. Data centers. Document management. What do these services have in common? If your customers outsource them to you, those customers want to know your controls are strong. And that requires independent validation. Data security concerns are rising with the

IRS Hosts Non-Employee Compensation Awareness Meetings

New for 2021 is Form 1099-NEC (Non-employee Compensation).  The IRS now requires exempt organizations to report non-employee compensation on the new Form 1099-NEC instead of Form 1099-MISC.  This is for payments totaling $600 or more to a nonemployee, such as an independent contractor.   Form 1099-NEC should be filed with the

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