The Inflation Reduction Act (“IRA”) provided a new tax credit under Internal Revenue Code Section 45X, allowing certain manufacturers to qualify for a production tax credit for the domestic production and sale of eligible components. On December 14, 2023, proposed regulations were issued to provide more insight into this new
Can’t watch the video? Get the transcript. Barnes Dennig Senior Manager Lynn Meiser and Manager Christa Woelfel—top professionals in non-profit tax and audit—team up in this short video to share how the firm’s tax and assurance teams collaborate to serve non-profit clients better. They cover how our teams make the
As organizations grow, requirements change rapidly – and one of the biggest challenges for many growing companies and not-for-profits is the need for an employee benefit plan (EBP) audit. In this Q&A, we’ll unpack key requirements, how to prepare for your first EBP audit, what documents you’ll need to collect,
The non-profit sector faces a complex financial landscape in 2025, with economic pressures, staffing shortages, and evolving compliance requirements creating significant hurdles. A recent survey conducted by BTQ Financial, in collaboration with Cascade Insights, sheds light on the pressing financial challenges faced by non-profit leaders and the transformative role that
Manage HR with less stress and more strategy People power every part of your business—and so does HR. Whether you’re a growing business, non-profit organization, or an established entity, building a full in-house HR team may not always be feasible. That’s where Barnes Dennig comes in. Our Fractional HR Support
President and Principal of the Institute for Trend Research (ITR) Economics, Dr. Alan Beaulieu made his 11th appearance and economic forecast for 2020. Attended by over 600 business leaders and owners from the tri-state area, Beaulieu is no stranger to the Manufacturing and Industrial community. A prolific author and
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
The IRS says they’ll propose new regulations for the treatment of controlled foreign corporations (CFCs) – with the intent of preventing double taxation on a CFC’s previously taxed earnings and profits to U.S. corporations in certain restructuring scenarios. The announcement was made on December 28, 2023, in IRS Notice 2024-16.
With major tax provisions in the 2017 Tax Cuts and Jobs Act (TCJA) set to expire at the end of 2025, and in light of the recent election, many taxpayers are left wondering when they will know what lies ahead with regards to future tax laws. The Trump administration has
On June 3, 2020, the Senate passed a bill modifying the provisions related to the forgiveness of loans made to small businesses under the Paycheck Protection Program implemented in response to COVID-19. At the time of publication, this bill is awaiting the President’s signature. Extended Loan Forgiveness Period To alleviate
Congress is currently working on a bill designed to help savers of all ages: The Securing a Strong Retirement Act of 2021 will attempt to increase retirement savings and add to changes seen under the Setting Every Community Up for Retirement Enhancement Act of 2019, or SECURE Act. This newest
When you’ve been in the business for over 20 years, there are bound to be processes that desperately need re-vamping. Especially if you’ve grown from a small entrepreneurship into a successful multi-level business. Here’s how the Barnes Dennig Fractional Accounting and Advisory team made a major difference for a fast-growing