Should you separate your business from its real estate?

Does your business need real estate to conduct operations? Or does it otherwise hold property and put the title in the name of the business? You may want to rethink this approach. Any short-term benefits may be…

Senate Bill 246 allows pass-through entities to realize significant tax savings

Election at entity level allows for unrestricted federal deduction on Ohio taxes Matthew D. Maker, CPA, MT, Director, Barnes Wendling CPAs A.J. Volpe, Tax Specialist, Barnes Wendling CPAs With the passage in June of Ohio Senate Bill…

Considering Selling Your Manufacturing Business? 3 Tax Issues to Know

If you’re contemplating selling your manufacturing business, be sure you understand the tax implications. Business structure (as well as the transaction) can impact your tax bill and, therefore, your net proceeds from the sale. Here are some issues to consider.…

The Inflation Reduction Act includes wide-ranging tax provisions

The U.S. Senate and House of Representatives have passed the Inflation Reduction Act (IRA). The IRA includes significant provisions related to climate change, health care, and taxes. The IRA also addresses the federal budget deficit. According to…

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