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Tag: tax

Is Your Corporation Eligible for the Dividends-Received Deduction?

Posted on June 13, 2022June 13, 2022 by Barnes Wendling CPAs
Is Your Corporation Eligible for the Dividends-Received Deduction?

There’s a valuable tax deduction available to a C corporation when it receives dividends. The “dividends-received deduction” is designed to reduce or eliminate an extra level of tax on dividends received by a corporation. As a result,…

Posted in BlogTagged C Corporation, Corporation, tax, Tax Deduction

Calculating Estimated Taxes? Consider These Methods

Posted on June 2, 2022June 2, 2022 by Barnes Wendling CPAs
Calculating Estimated Taxes? Consider These Methods

The next quarterly estimated tax payment deadline is June 15 for individuals and businesses, so it’s a good time to review the rules for computing corporate federal estimated payments. You want your business to pay the minimum…

Posted in BlogTagged business owner, tax, Tax Calendar, Tax Deadlines, Taxes

Business Meals Fully Deductible for 2022

Posted on April 4, 2022April 5, 2022 by Barnes Wendling CPAs
Business Meals Fully Deductible for 2022

The federal government is helping to pick up the tab for certain business meals. Under a provision that’s part of one of the COVID-19 relief laws, the usual deduction for 50% of the cost of business meals…

Posted in BlogTagged Business Meals, Consolidated Appropriations Act, Deductible, tax

The Election to Apply the Research Tax Credit Against Payroll Taxes

Posted on February 28, 2022February 28, 2022 by Barnes Wendling CPAs
The Election to Apply the Research Tax Credit Against Payroll Taxes

The credit for increasing research activities, often referred to as the research and development (R&D) credit, is a valuable tax break available to eligible businesses. Claiming the credit involves complex calculations, which we can take care of…

Posted in BlogTagged business owner, Payroll Taxes, research credit, tax, Tax Break, Tax Credit

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

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

Do You Qualify for the 2021 Child Tax Credit? Find Out Now!

Posted on June 2, 2021June 29, 2021 by Barnes Wendling CPAs
Do You Qualify for the 2021 Child Tax Credit? Find Out Now!

What You Need to Know Millions of American taxpayers with children will begin receiving advance payments of their 2021 Child Tax Credits starting this July. However, not all households that qualify for the Child Tax Credit will…

Posted in BlogTagged child tax credit, tax, Tax 2021, Tax Benefits, Tax Credits

The Biden Administration Proposes Far-Reaching Tax Plan

Posted on May 6, 2021May 7, 2021 by Barnes Wendling CPAs
The Biden Administration Proposes Far-Reaching Tax Plan

President Biden recently announced his $1.8 trillion American Families Plan (AFP), the third step in his Build Back Better policy initiative. The announcement followed the previous releases of the proposed $2.3 trillion American Jobs Plan and the Made in…

Posted in BlogTagged american families act, american jobs plan, made in american tax plan, tax, tax planning

President Biden Details His Tax Plan for Individuals

Posted on May 3, 2021May 3, 2021 by Barnes Wendling CPAs
President Biden Details His Tax Plan for Individuals

President Biden’s tax plan for individual taxpayers was outlined in an April 28 address to Congress and in an 18-page fact sheet released by the White House. The “American Families Plan” contains tax breaks for low- and…

Posted in BlogTagged Joe Biden, tax, Tax 2021, tax planning

Eligible Businesses: Claim the Employee Retention Tax Credit

Posted on April 19, 2021June 29, 2021 by Barnes Wendling CPAs
Eligible Businesses: Claim the Employee Retention Tax Credit

Now that the first two quarters of 2021 are in the rearview mirror, many businesses and nonprofits are dealing with the calculations and recordkeeping necessary to take advantage of the expanded Employee Retention Tax Credit (ERTC). Employee…

Posted in BlogTagged CARES Act, COVID-19, Employee Retention Credit, tax

Tax Incentive Helps Employers Assist Workers with Student Loan Repayments

Posted on March 25, 2021March 25, 2021 by Barnes Wendling CPAs
Tax Incentive Helps Employers Assist Workers with Student Loan Repayments

Expansion of Education Assistance Program Employers have a new tax incentive available that can help them recruit or retain employees who are carrying student loan debt. The Coronavirus Aid, Relief and Economic Security (CARES) Act, enacted in…

Posted in BlogTagged CARES Act, education assistance program, student loan debt, Student Loans, tax

Employee Retention Tax Credit Roundtable: What You Need To Know

Posted on February 26, 2021February 26, 2021 by Barnes Wendling CPAs
Employee Retention Tax Credit Roundtable: What You Need To Know

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…

Posted in Events + WebinarsTagged Business, business owner, payroll tax, tax

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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.

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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.

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.

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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.

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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!

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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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Featured Post

3.25.2021 | Post

Tax Incentive Helps Employers Assist Workers with Student Loan Repayments

Kimberly A. Scott

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