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Tag: business transaction

Businesses: Prepare for the Lower 1099-K Threshold

Posted on May 16, 2022 by Barnes Wendling CPAs
Businesses: Prepare for the Lower 1099-K Threshold

Prepare for the New 1099-K Threshold Now Businesses should be aware that they may be responsible for issuing more information reporting forms for 2022. More workers may fall into the required range of income to be reported.…

Posted in BlogTagged business owner, business transaction, IRS, Recordkeeping, Tax Changes, Taxpayer

The Tax Implications Involved in the Sale of Business Property

Posted on April 26, 2022April 28, 2022 by Barnes Wendling CPAs
The Tax Implications Involved in the Sale of Business Property

What are the tax consequences of selling property used in your trade or business? There are many rules that can potentially apply to the sale of business property. Thus, to simplify discussion, let’s assume that the property…

Posted in BlogTagged Business Assets, business owner, business transaction, Depreciable Property, Tax Consequences

New Tax Reporting Requirements for Payment Apps Could Affect You

Posted on February 4, 2022February 28, 2022 by Barnes Wendling CPAs
New Tax Reporting Requirements for Payment Apps Could Affect You

If you run a business and utilize payment apps such as Zelle, Venmo, Square, or PayPal, you could be affected by new tax reporting requirements that take effect for 2022. They don’t alter your tax liability, but…

Posted in Blog, Tax UpdateTagged American Rescue Plan Act, business owner, business transaction, Recordkeeping, Tax 2022, Tax Changes

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

Transaction Preparedness: Getting Your Business Ready for Any Type of Deal

Posted on October 8, 2020November 16, 2020 by Barnes Wendling CPAs
Transaction Preparedness: Getting Your Business Ready for Any Type of Deal

  Our own Floyd Trouten joins a group of financial experts to discuss getting your business accounting prepared for any transaction in any economy at the 2020 Smart Business Dealmakers Conference. Featuring:  Floyd Trouten, Director, Barnes Wendling…

Posted in BlogTagged business transaction, Mergers and Acquisition, transaction planning

EPISODE 7: Exit Planning: Creating Value Before The Exit

Posted on September 22, 2020December 3, 2020 by Barnes Wendling CPAs
EPISODE 7: Exit Planning: Creating Value Before The Exit

In this episode Director Mike Pappas discusses how important it is to have an Exit Plan before you are ready to actually exit your business. He will discuss the following: The importance of exit planning The key…

Posted in PodcastTagged business transaction, CEPA, Exit Planning, Succession Planning

EPISODE 6- PART 2: Is this the time to buy or sell a business in the COVID-19 Era?

Posted on August 19, 2020August 19, 2020 by Barnes Wendling CPAs
EPISODE 6- PART 2: Is this the time to buy or sell a business in the COVID-19 Era?

Selling your business can come with a lot of uncertainties  In this Part 2 series we will further discuss if this is the right time to sell your business. Key items discussed:  Basics of Business Worth and…

Posted in PodcastTagged Business, business transaction, Business Valuation, COVID-19

Episode 6- Part 1: Is this the time to buy or sell a business in the COVID-Era?

Posted on August 3, 2020August 4, 2020 by Barnes Wendling CPAs
Episode 6- Part 1: Is this the time to buy or sell a business in the COVID-Era?

    Join this episode as we chat with Floyd Trouten, director of our transactional services and Steve Piatak, a director in our Business Valuation services group as they discuss a variety of topics related to buying…

Posted in PodcastTagged Business, business transaction, COVID-19

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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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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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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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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

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3.25.2021 | Post

Tax Incentive Helps Employers Assist Workers with Student Loan Repayments

Kimberly A. Scott

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