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
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
Barnes Dennig is dedicated to helping you identify opportunities, options, and strategies to minimize the impact of the COVID-19 Pandemic. Visit our COVID-19 Advisory Services Page here to learn more. On April 5, 2020, the U.S. Department of Labor (DOL) released guidance to states on the application of the Pandemic
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
The first Paycheck Protection Program (PPP) loans were disbursed after April 3, 2020, so thousands of US small businesses are approaching the end of their 8-week covered period for the purpose of PPP loan forgiveness. An extension of time allowing small businesses to spread their PPP loan proceeds beyond 8
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
Cost Segregation Studies When the dust settles on your expensive new building project, or your purchase of an existing facility, your first thought may likely be, “How quickly can I recoup some of my investment?” Depreciation on real property (buildings) can last up to 39 years – so you won’t
Meeting the Challenges of Success Barnes Dennig Furnishes Innovation to Like-Minded Manufacturer Successful CPA Jon Randman was ready to change direction — in more ways than one. He’d made the decision to leave Chicago and return to his hometown of Cincinnati. And, seeking a career change, he’d also bought a