Corporations and businesses with international operations may soon see a bigger tax bill. On March 31, 2021, President Joe Biden unveiled the American Jobs Plan, which focuses on upgrading and repairing physical infrastructure, investing in manufacturing, and expanding long-term healthcare services. And to offset the cost of the American Jobs
Commitment to Community Commitment to community is a defining principle for Barnes Dennig, and we work tirelessly to enhance and enrich the communities where we all live and work. We recognize much of our success has been supported the strong, vibrant markets that we serve, and feel fortunate to be
As President Trump gears up to sign an executive order expected to encourage private-market investments in U.S. retirement plans, the financial community is split on the benefits and risks of including private equity in 401(k) plans. This move could signify a significant shift in the retirement savings landscape, potentially opening
When stakeholders such as funders, lenders, investors, or board of directors request financial statements, they may be looking for varying levels of assurance. Some want a high level of assurance, others are comfortable with a lighter level of review, and some simply need clear, well-organized financials. Understanding the differences between
In its latest economic update, Construction Industry CPAs and Consultants (CICPAC) outlined major factors and risks the construction industry faces. Real GDP, labor costs, and the availability and price of raw materials top the list – but a few others may come as a surprise. We’re hitting the highlights –
Construction Executive Magazine’s hot-off-the-press list of Top 50 Construction Accounting Firms™ for 2021 names Barnes Dennig to its exclusive list, reinforcing the firm’s strength in accounting and business consulting for the construction industry. “It’s a tremendous honor to be a part of this prestigious list for the second time,”
In the fight against the ever-increasing threat of cybercrime, the payment card industry (PCI) Security Standards Council has issued an updated PCI Data Security Standard (DSS) – version 4.0. The new standard went into effect on March 31, 2024, and compliance is critical for maintaining secure payment environments – and
Reducing Tax Liability with an IC-DISC You’re exporting your products or services to a foreign country. As a result, you face a tremendous number of tax issues and potential new tax liabilities. Wouldn’t it be nice if you could reduce the taxes you owe? You might be able to save
The U.S. Senate has passed the PPP Extension Act of 2021, extending the Paycheck Protection Program (PPP) application period through May 31, 2021 – an additional two months beyond what had been the looming March 31 deadline. The bill’s passage gives small businesses a larger window for filing PPP loan
Can’t watch the video? Get the transcript. Fractional accounting is often misunderstood, but for growing organizations, it can be a powerful strategic advantage. In this video, leading fractional accounting and advisory pros Liz Ziegler and Tori Perkins debunk a few of the myths we encounter most often, offering a clearer
What are these two schedules? Schedule K-2 “Distributive Share Items – International” and Schedule K-3 “Share of Income, Deductions, Credits, etc. – International” are intended for pass-through entities (PTE) to consistently report international tax information. This allows for clearer instructions to owners to report the international income, deductions, and information