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Tag: Tax Breaks

7 Midyear Tax-Saving Strategies for Manufacturers

Posted on May 11, 2022May 12, 2022 by Barnes Wendling CPAs
7 Midyear Tax-Saving Strategies for Manufacturers

As the midpoint of the year fast approaches, it’s a good time for manufacturers to assess their tax status and plan appropriate strategies for reducing their 2022 tax liability. Although each situation is unique, here are seven…

Posted in BlogTagged Bonus Depreciation, Business Meals, business owner, Business Travel, research credit, Tax Breaks, Taxation Planning

Providing a Company Car? Here’s How Taxes Are Handled

Posted on December 14, 2021December 14, 2021 by Barnes Wendling CPAs
Providing a Company Car? Here’s How Taxes Are Handled

The use of a company vehicle is a valuable fringe benefit for owners and employees of small businesses. This perk results in tax deductions for the employer as well as tax breaks for the owners and employees…

Posted in BlogTagged Company Car, Employer-Provided Vehicles, Fringe Benefits, Small Business Owner, Tax Breaks, Tax Deductions

Run your business from home? You might be eligible for home office deductions

Posted on February 24, 2020 by Barnes Wendling CPAs
Run your business from home? You might be eligible for home office deductions

If you’re self-employed and work out of an office in your home, you may be entitled to home office deductions. However, you must satisfy strict rules. If you qualify, you can deduct the “direct expenses” of the…

Posted in Tax UpdateTagged business owner, Home Office Deductions, Tax Breaks

Congress Rolls Back Burdensome UBIT on Transportation Benefits

Posted on January 6, 2020 by Barnes Wendling CPAs
Congress Rolls Back Burdensome UBIT on Transportation Benefits

A much-hated tax on non-profit organizations is on the way out. At the end of 2019, Congress repealed a provision of 2017’s Tax Cuts and Jobs Act (TCJA) that triggered the unrelated business income tax (UBIT) of…

Posted in BlogTagged non-profit, Tax Breaks, UBIT

New Law Provides Tax Breaks to Businesses and Employers

Posted on January 6, 2020 by Barnes Wendling CPAs
New Law Provides Tax Breaks to Businesses and Employers

While you were celebrating the holidays, you may not have noticed that Congress passed a law with a grab bag of provisions that provide tax relief to businesses and employers. The “Further Consolidated Appropriations Act, 2020” was…

Posted in BlogTagged FMLA, Medical, Retirement, Tax Breaks, TCJA, WOTC

Spending Bill Extends Tax Breaks, Adds Retirement Account Provisions

Posted on January 6, 2020 by Barnes Wendling CPAs
Spending Bill Extends Tax Breaks, Adds Retirement Account Provisions

With its winter recess looming before it, Congress has engaged in a flurry of activity. Most notably, it reached agreement on a massive governmentwide spending package titled the Further Consolidated Appropriations Act, 2020. The legislation extends certain…

Posted in Tax UpdateTagged Deductions, Retirement, SECURE Act, Tax Breaks, Tax Cuts and Jobs Act, TCJA

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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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Featured Client Testimonials

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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