As the end of the year approaches, there’s still time to make moves that may reduce your federal tax liability. Read on for some strategies to reduce your 2022 tax bill. Time your income and expenses When…
2023 HSA limits for business owners and self-employed individuals Business owners and self-employed individuals can take advantage of healthcare benefits through an employer-sponsored Health Savings Account (HSA). For eligible individuals, an HSA offers a tax-advantaged way to…
IRS audit rates are historically low, according to a recent Government Accountability Office (GAO) report, but that’s little consolation if your return is among those selected to be examined. The IRS recently received additional funding in the Inflation…
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…
Tax Director Larry Friedman Discusses the Key Details of the Employee Retention Tax Credit Need help understanding the ERTC? Tune in for an hour roundtable where Tax Director Larry Friedman breaks down the basics of the…
A PPP Loan Second Draw Discussion with Mike Pappas and Stephen Cox Join us as Director Mike Pappas and Manager Stephen Cox host a Q & A on the PPP Loan Second Draw. They will address a…
Make your business profit a priority Some might say the end of one calendar year and the beginning of another is a formality. The linear nature of time doesn’t change, merely the numbers we use to mark…
Timing and Methodology Matters with a Business Valuation Like nearly every other area of business, COVID-19 has impacted business valuations as some American companies have seen revenues plunge and future projections become uncertain. For business owners seeking…
The year 2020 has taught businesses many lessons. The sudden onset of the COVID-19 pandemic followed by drastic changes to the economy have forced companies to alter the size of their workforces, restructure work environments and revise…
Transitioning power to next-generation leadership in a company is an imprecise process. It involves many actions over a period of time that are intangible, yet very real. “Power” is not a title or a corner office. It…
Director Mike Pappas discusses transitioning your business to the next generation. He provides valuable tips and shares his experiences with his clients on this transition. He will address the following: Tips to getting the next-gen involved in…
Preparing to sell a business and increase your business value has many moving parts, from getting financials in order for prospective buyers to determining the structure of the deal and identifying potential buyers. Some of these strategies…
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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.
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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.
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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.
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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.
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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.
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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.
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