The intense focus and passion of an entrepreneur or small business owner is reflected in their unrelenting commitment to success. The early mornings and late nights create the “sweat equity” that builds the business’s value. As success builds and growth takes off, it’s critical to have an accurate and reliable
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
House Bill 2 was recently introduced in Ohio to establish and fund three new workforce development programs. Overseen by the Development Services Agency, this bill will support industry sector partnerships and industry-recognized credentials by providing $32.5 million in state funding in FY 2020 and FY 2021 for the three programs.
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
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
In June 2018, the Ohio legislature passed Senate Bill 220, known as the Ohio Data Protection Act (the “Act”). The Act takes a new approach to cybersecurity in that it creates an affirmative defense for companies that suffer a data breach if they have a written cybersecurity program in place.
Estimated at over $2.2 trillion, the Coronavirus Aid, Relief, and Economic Security (CARES) Act of 2020 is the single most expensive legislation in U.S. history. The CARES Act was implemented rather quickly when it was signed into law by President Trump in March of 2020. It was intended to provide
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