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Tag: Family Business

Seven Tips for Passing on the Family Business

Posted on January 20, 2022January 21, 2022 by Barnes Wendling CPAs
Seven Tips for Passing on the Family Business

Bringing up your next generation of leaders In a family business, bringing up the next generation of leaders can be a difficult and politically-charged endeavor. So it’s crucial to get it right if you want your business…

Posted in BlogTagged business owner, Family Business, Small Business Owner, Succession Plan

Guide to Succession Planning: How to Start a Succession Plan for Your Business

Posted on January 19, 2022January 21, 2022 by Barnes Wendling CPAs
Guide to Succession Planning: How to Start a Succession Plan for Your Business

Why Is a Succession Plan So Important? Business leaders and owners typically are good at building their companies and realizing success in their positions and respective industry (ies), just as was envisioned at the startup stage. But…

Posted in BlogTagged business owner, ESOP, estate planning, Family Business, Small Business Owner, Succession Plan

2022 Q1 Tax Calendar: Key Deadlines for Businesses and Other Employers

Posted on December 21, 2021December 21, 2021 by Barnes Wendling CPAs
2022 Q1 Tax Calendar: Key Deadlines for Businesses and Other Employers

PREPARE YOUR BUSINESS WITH THESE TAX DEADLINES Below is a list of first quarter 2022 tax deadlines for business and other employers. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that…

Posted in Blog, Tax UpdateTagged business owner, Family Business, Small Business Owner, Tax 2022, Tax Calendar, Tax Deadlines

2021 Q4 Tax Calendar: Key Deadlines for Businesses and Other Employers

Posted on October 4, 2021October 12, 2021 by Barnes Wendling CPAs
2021 Q4 Tax Calendar: Key Deadlines for Businesses and Other Employers

PREPARE YOUR BUSINESS WITH THESE TAX DEADLINES Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2021. Keep in mind that this list isn’t all-inclusive, so there may…

Posted in BlogTagged business owner, Family Business, Small Business Owner, tax, Tax 2021, Tax Calendar, Tax Deadlines

Opening a New Location Calls for Careful Planning

Posted on September 20, 2021 by Barnes Wendling CPAs
Opening a New Location Calls for Careful Planning

The U.S. economy has been nothing short of a roller-coaster ride for the past year and a half. Some industries have had to overcome seemingly insurmountable challenges, while others have seen remarkable growth opportunities arise. If your…

Posted in BlogTagged business owner, Family Business, small business, Small Business Owner

2021 Q3 Tax Calendar: Key Tax Deadlines for Businesses and Other Employers

Posted on June 15, 2021 by Barnes Wendling CPAs
2021 Q3 Tax Calendar: Key Tax Deadlines for Businesses and Other Employers

PREPARE YOUR BUSINESS WITH THESE TAX DEADLINES Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2021. Keep in mind that this list isn’t all-inclusive, so there may…

Posted in BlogTagged business owner, Family Business, Small Business Owner, tax, Tax 2021, Tax Calendar, Tax Deadlines

3 Perspectives of Succession Planning to Help You Prepare

Posted on June 3, 2021June 10, 2021 by Barnes Wendling CPAs
3 Perspectives of Succession Planning to Help You Prepare

For many business owners, putting together a succession plan may seem like an overwhelming task. It might even seem unnecessary for those who are relatively young and have no intention of giving up ownership anytime soon. But…

Posted in BlogTagged business owner, Family Business, Leadership, Small Business Owner, Succession Plan, Succession Planning

COVID-19 Impact on Business Valuations

Posted on December 21, 2020December 21, 2020 by Barnes Wendling CPAs
COVID-19 Impact on Business Valuations

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…

Posted in BlogTagged Business, Business Valuation, Exit Planning, Family Business

How to Prepare Yourself, Your Customers, and the Next Gen for a Business Transition 

Posted on November 16, 2020November 17, 2020 by Barnes Wendling CPAs
How to Prepare Yourself, Your Customers, and the Next Gen for a Business Transition 

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…

Posted in BlogTagged Business, Family Business, next generation, Succession Planning

EPISODE 8: Next Generation of Leadership: Tips to Get Started

Posted on November 2, 2020November 25, 2020 by Barnes Wendling CPAs
EPISODE 8: Next Generation of Leadership: Tips to Get Started

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…

Posted in PodcastTagged Business, Family Business, next generation, small business

Reopening Business: What Owners Should Consider

Posted on July 28, 2020August 3, 2020 by Barnes Wendling CPAs
Reopening Business: What Owners Should Consider

A widely circulated article about the COVID-19 pandemic, written by author Tomas Pueyo in March, described efforts to cope with the crisis as “the hammer and the dance.” The hammer was the abrupt shutdown of most businesses…

Posted in BlogTagged business reopening, Coronavirus, Family Business, small business

Episode 3: Restart Ohio: Start Smart & Safe

Posted on May 18, 2020May 18, 2020 by Barnes Wendling CPAs
Episode 3: Restart Ohio: Start Smart & Safe

  Episode 3: Restart Ohio: Start Smart & Safe Featuring VP of Finance and HR Karen Melton of Kaufman Container In our third episode, we will focus on the reopening of Ohio and the affect COVID-19 has…

Posted in PodcastTagged Coronavirus, Family Business, small business

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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

  • Barnes Wendling CPAs Wins Northeast Ohio Top Workplace 2022 Award
  • 2022 Q3 Tax Calendar: Key Deadlines for Businesses and Other Employers
  • If Your Manufacturing Company Is Considered “Small,” It May Be Eligible for Tax Benefits

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