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Professional Firms

People Mean Business For professional firms like yours, success hinges on the ability to build relationships. Brainstorming with clients over the phone. Sharing timely insights about their industry. These things takes time and dedication, and you wouldn’t want it any other way. Accounting and taxes? That’s another story. Still, you

Cutting through the Red Tape: How CPA Firms Add Value in Fractional Accounting

If you’re considering the fractional model for CFO and accounting services, you’re likely wondering about the best option for your needs. As more organizations realize the value in fractional accounting services – getting the financial strategy and insight you need to scale, without the cost of a full-time resource, and

More Salaried Workers Eligible for Overtime Pay | What Steps to Take Now

If you think you know which of your employees is exempt from overtime pay, it’s time to take another look. The Fair Labor Standards Act’s overtime pay requirements significantly changed this summer thanks to the U.S. Department of Labor’s (DOL) new rule, Defining and Delimiting the Exemptions for Executive, Administrative,

Indiana Updates Sales Tax Bulletin #21: Lawn Care Applications Now Non-Taxable

In July 2025, the Indiana Department of Revenue (DOR) released an important update to Sales Tax Bulletin #21, clarifying the tax treatment of lawn care applications and related services. This revision will significantly impact how businesses in the landscaping, pest control, and exterior services industries apply and collect sales tax,

Common Non-Profit Audit Pitfalls And What to Watch For

Non-profit organizations operate in an environment where transparency and accountability matter. Donors, grantors, board members, and regulators all rely on accurate financial information to understand how effectively an organization is managing its resources and advancing its mission. An annual audit plays a key role in building that trust. It can

A Roadmap Recap for Wholesalers & Distributors

On Thursday, August 26, Barnes Dennig hosted the annual seminar for the Wholesale/Distribution Niche. We had a great turnout to hear Mike Marks present on Creating a Digital Roadmap to Drive Profits. Mike began his presentation showing that the distribution industry remains robust but is facing dramatic changes. At

New Manufacturing Compensation Study Gives Insights on Pay, Benefits, and Trends

In a pivotal virtual event, Barnes Dennig, North Side Bank, USI Insurance and the Northern Kentucky Chamber of Commerce recently revealed the results of their 2021 Manufacturing Compensation & Benefits Benchmarking Study that surveyed manufacturing companies from Ohio, Kentucky, and Indiana. The survey collected the responses of 96 local and

Inventory Management Strategies to Free Up Working Capital

Supply chain strains and changes in inventory demand are just a few of the challenges manufacturing companies have seen over the last few years. Driven by multiple factors, these challenges have driven companies to look at internal changes to help them free up capital. How inventory is managed, when it’s

CICPAC Weighs In | Construction Industry Economic Outlook

As the construction industry faces another year of shifting momentum, the latest 2025 CICPAC Economic Newsletter offers critical insights into the forces reshaping the field. From tariff-driven cost volatility and inflationary pressure to workforce shortages and historic legislative incentives, this quarter’s report captures a sector navigating immediate challenges while preparing

Leave-Sharing: Support for Employees in Crisis Time

IRS Ruling Creates Potential Win-Win for Employees Many companies have established leave-sharing plans, which allow employees to donate accrued leave time for use by others in the company.  In general, the employee who donates the time will report that paid time off (PTO) as taxable compensation on their W-2.  However,

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