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
The upcoming winter season may not be the only reason you’re seeing a decline in new construction projects. Economists are predicting a nation-wide economic downturn in the new year. Just last month, Federal Reserve Chairman Jerome Powell announced the Fed was dropping U.S. borrowing rates by another quarter of a
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,
Illinois’ tax amnesty program will run from October 1, 2019, through November 15, 2019, and covers taxable periods after June 30, 2011, and prior to July 1, 2018. Interest and penalties can be abated for taxpayers who move into compliance. Tax Amnesty Programs – S.B. 689 The budget bill enacts
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
The One Big Beautiful Bill Act (OBBBA) relieves the filing requirements for certain 1099 forms used to report various types of income. These include: Form 1099-MISC: for reporting miscellaneous income, Form 1099-NEC: for reporting non-employee compensation, and; Form 1099-K: for reporting payment card and third-party network transactions. As of July
529 plans have long been a great option for efficiently saving for college expenses – but when the SECURE 2.0 Act was passed in December 2022, they got even better thanks to a new option for 529 plan rollovers. The new provision allows for tax-free and penalty-free rollovers from a