The One Big Beautiful Bill Act (OBBBA) has brought about a variety of changes to the tax landscape, including a key change pertaining to the excess business loss (EBL) limitation. This provision, initially a part of the Tax Cuts and Jobs Act of 2017, has been made permanent by the
The intersection of the landmark 2018 Supreme Court ruling in South Dakota v. Wayfair with the rapid expansion of doing business in multiple states using various selling platforms has quickly complicated sales tax compliance. Most states followed suit with the Wayfair ruling mandating businesses without a physical presence in a
When people hear “automation success stories,” they often picture large non-profit organizations with expansive finance teams and highly complex systems. In reality, many of the most impactful gains come from mid-sized non-profits that are growing quickly and need stronger financial controls without overburdening their teams. For organization in the $3M+
On May 21, 2020, The U.S. Department of Labor (DOL) adopted a new, additional safe harbor for plan administrators to use electronic media, as a default, to furnish covered documents to participants and beneficiaries. Plan administrators will no longer have to send potentially large volumes of paper documents through the
When consumers go shopping, they expect to walk into a store and leave with whatever was on their shopping list. That might not be today’s normal as the coronavirus continues to batter the economy, but the means by which goods transport from point A to point B hasn’t changed. Neither
It’s Time to Own Your ASC 842 Implementation If your company leases anything — such as buildings, equipment, or cars — you know there are rules for presenting and disclosing them on your annual financial statements. But in 2022, those rules are set to change significantly for private companies. If
Pricing – It All Depends On You There’s no organization quite like yours. And you want an advisory, tax, and accounting firm that understands that. One that sees the bigger picture and is always thinking of ways to make your life simpler and more profitable. That’s the way we work.
We’re thrilled to announce yet another remarkable achievement – receiving ClearlyRated’s prestigious Best of Accounting Award for the seventh year in a row. This industry-leading recognition in our 60th year underscores Barnes Dennig’s commitment to providing unparalleled client service and satisfaction. A benchmark for excellence ClearlyRated’s Best of Accounting
The Biden-Harris Administration is increasing lending to small businesses in need. In February 2021, the administration announced changes to PPP to further promote equitable access to relief. Several reforms announced by the Biden-Harris administration are targeted at the PPP to the smallest businesses and those that have been left behind
In February, we wrote about COVID-19 relief bills and their impact on the real estate industry – and now there’s an update on the 30-year switch, as well as insights on how recently introduced legislation would impact the interest expense limitations. New IRS Guidance Offers Options One of the outstanding
International reporting for pass-through entities has been inconsistent in the wake of the Tax Cuts and Jobs Act (TCJA), and that’s caused problems for owners – and for the IRS. Information for owners has been left as footnotes on the K-1, which is used to report the income, losses, and
https://www.youtube.com/watch?v=tISnWDKENpY Can’t watch the video? Get the transcript. Running a non-profit isn’t easy – and sometimes issues arise that can threaten the organization’s very existence. In the final episode of our Thrive Non-Profit Success Stories series, Non-Profit Director Patrick Frambes and Non-Profit Manager Christa Woelfel share strategies and successes of