A critical deadline is approaching for many of the businesses that have received loans under the Paycheck Protection Program (PPP), which was created in March 2020 by the CARES Act. If these borrowers don’t take action before…
Many businesses use independent contractors to help keep their costs down. If you’re among them, make sure these workers are properly classified for federal tax purposes. If the IRS reclassifies them as employees, it can be a…
START YOUR BUSINESS WITH THIS TAX KNOWLEDGE While many businesses have been forced to close due to the COVID-19 pandemic, some entrepreneurs have started new small businesses. Many of these people start out operating as sole proprietors.…
ALLOW PPP LOAN CHANGES TO ASSIST YOUR SMALL BUSINESS The Biden administration has announced several reforms to the popular Paycheck Protection Program (PPP) to bring greater relief to the smallest and most vulnerable businesses. Among other things,…
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…
When President Trump announced the Payment Protection Program (PPP) loan, many businesses rushed to apply. In just over four months, the PPP issued $525 billion in loans to 5.2 million borrowers. Businesses are now waiting on forgiveness,…
The IRS has provided guidance to employers regarding the recent presidential action to allow employers to defer the withholding, deposit, and payment of certain payroll tax obligations. The three-page guidance in Notice 2020-65 was issued to implement…
On Aug. 8, 2020, President Trump issued a Presidential Memorandum to defer the withholding, deposit, and payment of certain payroll tax obligations. The Memorandum directed the Secretary of the Treasury to defer the withholding on wages for…
On Aug. 8, 2020, President Trump signed an executive memorandum that defers an employee’s portion of Social Security and Medicare taxes from Sept. 1 through Dec. 31, 2020. At this point, the taxes are just deferred, meaning…
When the COVID-19 crisis exploded in March, among the many concerns was the state of the nation’s supply chains. Business owners are no strangers to such worry. It’s long been known that, if too much of a…
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…
How Will your compensation changes appeal to employees? Economists will look back on 2020 as a year with a distinct before and after. In early March, most companies’ sales projections looked a certain way. Just a few…
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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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Larry Friedman is exceptionally thorough and thoughtful.
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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.
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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, Inc.
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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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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 LLC
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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.
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Our auditors from Barnes Wendling CPAs are adept communicators, technically proficient, and patient, reasonable, and very personable. They add value through thoughtful recommendations based on in-depth client knowledge. I respect their opinions and highly recommend them.
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As the Chief Financial Officer of our company, I am acutely aware of the need for relevant and timely advice from outside professionals. Those to whom we look for knowledge beyond ours, financial and managerial expertise outside of our own and proficiencies that are not found within our organization must possess more than simply technical knowledge. Our success depends to a great extent on these professionals we rely upon who have the ability to objectively evaluate, assess, and then communicate very focused, precise and accurate answers to our organizational needs. I can confidently say we have found those characteristics in our relationship with Barnes Wendling CPA’s. They have shown a sincere commitment to our future success while maintaining their dedication to pragmatic solutions for the daily challenges we face.
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