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Author: Barnes Wendling CPAs

Business Meals Fully Deductible for 2022

Posted on April 4, 2022April 5, 2022 by Barnes Wendling CPAs
Business Meals Fully Deductible for 2022

The federal government is helping to pick up the tab for certain business meals. Under a provision that’s part of one of the COVID-19 relief laws, the usual deduction for 50% of the cost of business meals…

Posted in BlogTagged Business Meals, Consolidated Appropriations Act, Deductible, tax

Tax Implications for Remote Sellers

Posted on March 25, 2022March 25, 2022 by Barnes Wendling CPAs
Tax Implications for Remote Sellers

Does Your Business Sell Products or Services Out Of State? You’ll need to be aware of economic nexus laws You are considered a remote seller if you sell products or services into a state in which you…

Posted in BlogTagged business owner, remote selling, sales tax, tax laws, tax planning

Family Business Succession Planning: Integrating Estate Planning into the Mix

Posted on January 21, 2022January 21, 2022 by Barnes Wendling CPAs
Family Business Succession Planning: Integrating Estate Planning into the Mix

We originally published this article in late 2020 but thought it relevant to re-share. We updated data for 2022. According to Family Enterprise USA, 87 percent of businesses in the United States are family-owned. Annually, these companies…

Posted in BlogTagged estate planning, next generation, Succession Planning

Getting to Know Don Zwilling: The Longest-Standing Director at Our Firm

Posted on October 22, 2021October 27, 2021 by Barnes Wendling CPAs
Getting to Know Don Zwilling: The Longest-Standing Director at Our Firm

By Donald Zwilling, CPA, ABV, Director How Did Your Career Start at Barnes Wendling? After graduating from the University of Dayton in a 1967 summer school ceremony, I was hired by Barnes Wendling and started on September…

Posted in Blog, CareerTagged accounting, accounting firm, careers

Short-Term Investment Planning: Make a Three-To-Five-Year Horizon Work for You

Posted on August 12, 2021 by Barnes Wendling CPAs
Short-Term Investment Planning: Make a Three-To-Five-Year Horizon Work for You

Ideally, investment planning involves a long time horizon – 10, 20, or even 40 years – to reap the benefits of long-term gains in the stock market. When you’re saving for buying a house, paying college tuitions,…

Posted in BlogTagged Financial Goals, financial planning, Investment Planning

Preparing for the Unexpected: Investment Planning for Major Life Changes

Posted on August 11, 2021August 16, 2021 by Barnes Wendling CPAs
Preparing for the Unexpected: Investment Planning for Major Life Changes

Investment Planning for Major Life Changes Investment planning is a lifelong activity which, for most investors, is geared to lifetime major milestones and lifecycle events.  Marriage, having children, buying a home, saving for college tuition, and retirement…

Posted in BlogTagged 401(k), finance, Investment Planning

Large Cash Transactions With Your Business Must Be Reported to the IRS

Posted on August 10, 2021August 10, 2021 by Barnes Wendling CPAs
Large Cash Transactions With Your Business Must Be Reported to the IRS

If your business receives large amounts of cash or cash equivalents, you may be required to report these transactions to the IRS. What Are the Requirements? Each person who, in the course of operating a trade or…

Posted in BlogTagged business transaction, cash management, IRS

Is an LLC the Right Choice for Your Small Business?

Posted on August 4, 2021August 4, 2021 by Barnes Wendling CPAs
Is an LLC the Right Choice for Your Small Business?

Perhaps you operate your small business as a sole proprietorship and want to form a limited liability company (LLC) to protect your assets. Or maybe you are launching a new business and want to know your options…

Posted in BlogTagged Business, business owner, LLC, Small Business Owner

The Deductibility of Corporate Expenses Covered by Officers or Shareholders

Posted on July 27, 2021July 27, 2021 by Barnes Wendling CPAs
The Deductibility of Corporate Expenses Covered by Officers or Shareholders

Do you play a major role in a closely held corporation and sometimes spend money on corporate expenses personally? These costs may wind up being nondeductible both by an officer and the corporation unless proper steps are…

Posted in BlogTagged Corporation, Deductible, Expenses

5 Ways to Take Action on Accounts Receivable

Posted on July 19, 2021 by Barnes Wendling CPAs
5 Ways to Take Action on Accounts Receivable

No matter the size or shape of a business, one really can’t overstate the importance of sound accounts receivable policies and procedures. Without a strong and steady inflow of cash, even the most wildly successful company will…

Posted in BlogTagged accounting, business owner, Small Business Owner

401(k) Plan Relief: IRS Extends Administrative Relief

Posted on July 8, 2021July 9, 2021 by Barnes Wendling CPAs
401(k) Plan Relief: IRS Extends Administrative Relief

As mitigation measures related to COVID-19 ease, it will be interesting to see which practices and regulatory changes taken in response to the pandemic remain in place long-term. One of them might be relief from a sometimes…

Posted in BlogTagged 401(k), business owner, employee benefits, Retirement, Retirement Contribution, Small Business Owner

Do You Qualify for the 2021 Child Tax Credit? Find Out Now!

Posted on June 2, 2021June 29, 2021 by Barnes Wendling CPAs
Do You Qualify for the 2021 Child Tax Credit? Find Out Now!

What You Need to Know Millions of American taxpayers with children will begin receiving advance payments of their 2021 Child Tax Credits starting this July. However, not all households that qualify for the Child Tax Credit will…

Posted in BlogTagged child tax credit, tax, Tax 2021, Tax Benefits, Tax Credits

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Featured Client Testimonials

Barnes Wendling has provided us guidance and recommendations that have strategically helped strengthen our business and position ourselves for growth. We needed to hire a new VP of Finance and Controller this past year, and they were instrumental in helping us find the best candidates for our company.

Sara Blankenship - President, Kaufman Container

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We value the trust, accuracy of information, and reliability of Barnes Wendling and Mike Essenmacher personally. Mike has been instrumental as a trusted advisor on accounting, tax, and personnel issues. His advice is always accurate, and he is very reliable. His associates are also very talented.

Dominic Ozanne - President and CEO, Ozanne Construction Company

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We value Barnes Wendling’s expertise with all things accounting so we can operate our business using our strengths and allowing them to be our experts. They have also brought me a few business sale opportunities to allow me to grow my assets.

John Gaydosh - President and Metallurgical Engineer, Ohio Metallurgical Service

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Barnes Wendling (especially Lena) did a great job with our financials. Everything. It is extremely refreshing and comforting to know that all of our numbers are not only correct, but they are in the right place(s). Your diligence and reporting truly does make me (personally) feel better.

Thomas Adomaitis - Controller, Bialosky Cleveland

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I can wholeheartedly tell you that I have yet to work with an audit or tax team that have been more helpful, easy to work with, and committed than the team at Barnes Wendling- I have been through three different firms in the last few years.

Michelle Saylor, Former Controller, Aero Mag

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Floyd Trouten at Barnes Wendling CPAs is an “expert’s expert” when it comes to M & A accounting. Not only does he understand the evolving details of the Tax Code but he also sees the fine points of their application for owners, managers, investors, and financiers.

Mark A. Filippell, Western Reserve Partners

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The service is amazing at Barnes Wendling CPAs. The benefit is worth more than the cost. Sometimes it’s true that you get what you pay for.

Mark Boucher - Former Owner, Castle Heating & Air

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Floyd and Barnes Wendling CPAs always provide us with peace of mind. Floyd is not only our trusted financial advisor, but we trust him like family. The Barnes Wendling CPAs team is always proactive and meet all of our deadlines. We are very grateful for them.

Trish Gleason, OMCO Holdings & Gleason Family Office

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Our heartfelt thanks to the Barnes Wendling CPAs team for all you do for us, such as your remarkable responsiveness, timeliness in meeting deadlines, and being such a pleasure to work with!

Karyn Davies Mitchell, CareMetx

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Featured Client Testimonials

The quality of your staff on our audit was excellent. I couldn’t ask for a more knowledgeable team with end-result focus.

Brian Spitz, American Tank and Fabricating Company

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Featured Client Testimonials

Barnes Wendling takes a holistic, comprehensive approach that helps ensure we are looking ahead to the future. By keeping us up to date on relevant law and regulation changes, we can focus on running our business rather than burying ourselves in tax law. All of this is well communicated, which is the key to any relationship.

Joe Gramc - CFO, Five Star Trucking

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Featured Client Testimonials

The valuation team at Barnes Wendling CPAs has provided us with consistently excellent service over the last ten years. We have been impressed with their expertise on business valuations, fairness opinions, and Topic 805 engagements.

Ric Hughes - CFO, AKSM

Featured Post

3.25.2021 | Post

Tax Incentive Helps Employers Assist Workers with Student Loan Repayments

Kimberly A. Scott

Latest Updates

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  • IRS Mileage Rate Increases for the Second Half of 2022
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