Proposed regulations on Foreign Derived Intangible Income (FDII) were released earlier in 2019. One of the main highlights to these proposed regulations was the new strict documentation rules. For a brief recap on the release, and to learn when a C-corporation can benefit from the FDII deduction due to revenue
Are you knee-deep in a merger or acquisition and starting to wonder if the deal is as good as it seems? Or trying to convince a prospective buyer that your organization is the revenue generator of their dreams? Consider a quality of earnings review. A quality of earnings review takes
Future Planning – Heading toward Growth, Succession, and More Something big is on the horizon. Maybe it’s the retirement of a key player on the executive team. Maybe it’s a big growth opportunity. Whatever it is, do you know the steps you’ll take to meet that “something big” when the
Financial management is the planning and monitoring of an organization’s financial resources. And anyone who’s steeped in financial systems and accounting tools knows that it’s anything but simple. Establishing (and executing) proper records, internal controls, checks and balances, and data integrations can be challenging. Even finding and implementing the right
Executive Directors and Board of Directors are tasked with many responsibilities essential to the success of a nonprofit organization. It’s imperative they offer leadership and guidance on program management, staff and volunteer recruiting, marketing, community engagement and managing fundraising programs. There is another task management must also address which includes
Every year, the Social Security Administration adjusts the regulations for the Social Security program. These adjustments include various items such as the retirement age, earnings cap and benefit payout. The changes for this upcoming year are summarized below: Full Retirement Age Full retirement is the age at which the Social
Many Ohio business owners are surprised to learn about the various incentives, credits and other programs available to companies doing business in Ohio. There are a number of opportunities available that can make the cost of doing business, expanding operations or investing in new real estate more affordable. There are
Putting the Peer in Peer Review As a CPA firm ourselves, we know that having your assurance services reviewed isn’t likely your idea of a good time. But it’s a requirement, so you can’t avoid it (every three years). At Barnes Dennig, we take the “peer” part of “peer review”
The Treasury and Small Business Administration (SBA) have announced some burden relief for small business with PPP Loans, including a safe harbor for good faith need is automatically applied to those who received loans of less than $2,000,000 – welcome relief for many smaller organizations grappling with PPP loan forgiveness
Estate Planning Is for Everyone Thanks to Hollywood, “estate plan” may conjure up images of a family all dressed in black, sitting in a dark, wood-paneled library in a sprawling mansion, and listening to a deceased relative’s lawyer while wondering who’s going to inherit the yacht. While that may make
The Supreme Court’s landmark 2018 ruling in the South Dakota V. Wayfair case changed the rules for when out-of-state businesses across a wide range of industries are required to collect and remit sales tax. (surprise – it’s not just retail!). What the Wayfair ruling changed Prior to the ruling, businesses
Fundraising is at the core of most nonprofit organizations’ success. Yet, finding the individuals and companies that believe in your mission enough to support you financially is only the start. Keeping them involved with your organization as active donors, involving the board in raising funds, utilizing the funds in a