Limited liability company (LLC) members commonly claim that their distributive shares of LLC income — after deducting compensation for services in the form of guaranteed payments — aren’t subject to self-employment (SE) tax. However, the IRS has…
The flat 21 percent federal income tax rate for C corporations under the Tax Cuts and Jobs Act (TCJA) has been great news for these entities and their owners.However, some fundamental tax truths for C corporations largely…
A sales and use tax exemption is available in a majority of states for manufacturers— including Ohio. So who is considered a manufacturer? A manufacturer is someone engaged in manufacturing, processing, assembling, or refining a product for…
To help you make sure you don’t miss any important 2019 deadlines, we’ve provided this summary of when various tax-related forms, payments, and other actions are due. Please review the calendar and let us know if you…
The IRS announced some good news for certain taxpayers — it’s waiving underpayment penalties for those whose 2018 federal income tax withholding and estimated tax payments came in under their actual tax liabilities for the year. The…
In order to keep our clients happy and prioritize their needs and wants, we have an annual survey that is sent out with all of our communications. When the surveys are returned, we contact any client who…
Tax planning is a year-round activity, but there are still some year-end strategies you can use to lower your 2018 tax bill. Here are six last-minute tax moves business owners should consider: Postpone Invoices. If your business…
In April 2018, the IRS released temporary guidance on the amended limit on deductions for business interest expense for tax years beginning in 2018. Taxpayers were allowed to rely on that guidance while waiting for regulations. The…
The Tax Cuts and Jobs Act (TCJA) has enhanced two depreciation-related breaks that are popular year-end tax planning tools for businesses. To take advantage of these breaks, you must purchase qualifying assets and place them in service…
The Tax Cuts and Jobs Act (TCJA) didn’t change the federal tax credit for “increasing research activities,” but several TCJA provisions have an indirect impact on the credit. As a result, the research credit may be available…
The Tax Cuts and Jobs Act (TCJA) includes a provision that Secretary of the Treasury Steven Mnuchin said should lead to $100 billion in capital investments in distressed areas. The provision allows taxpayers to defer tax on…
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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
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Barnes Wendling CPAs has been performing our SOC reports since 2011. They’ve been instrumental in improving the quality of the report by providing recommendations on our description, control objectives, and controls. Their team is collaborative and helpful in working through the process and control changes that impact our report and business.
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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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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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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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