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…
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…
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…
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…
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…
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,…
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…
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…
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…
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…
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…
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…
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…
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Sara Blankenship - President, Kaufman Container
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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.
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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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Michelle Saylor, Former Controller, Aero Mag
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Mark A. Filippell, Western Reserve Partners
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Mark Boucher - Former Owner, Castle Heating & Air
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Karyn Davies Mitchell, CareMetx
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Brian Spitz, American Tank and Fabricating Company
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Joe Gramc - CFO, Five Star Trucking
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