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A week after releasing a budget request that calls for significantly higher income taxes for wealthy individuals, President Obama today unveiled a proposal to revamp the corporate tax code, lowering the top rate but eliminating numerous credits and incentives. As with the proposed tax changes in the President’s budget, this proposal is unlikely to be [...]
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Both houses of Congress passed a bill last Friday that will extend the 2 percent payroll tax cut through 2012, ending months of debate and saving hundreds of dollars for employees. The employee portion of the payroll tax was reduced from 6.2 percent to 4.2 percent in 2011, then extended through February 2012. The new [...]
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The Internal Revenue Service created a new tool on its website that will make it easier to find and research certain information about tax-exempt organizations. The tool, called the Exempt Organizations Self Check, consolidates information that previously was housed in three separate databases. The new tool offers expanded search capabilities and provides a more efficient way to [...]
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Barnes Dennig Director Chad Martin, who has earned the designation of Certified Fraud Examiner, was recently quoted by the Cincinnati Business Courier as an authority on fraud. The newspaper article details a lawsuit by a local car dealership against a former payroll clerk who is alleged to have embezzled more than $6 million over a [...]
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If you receive an e-mail that claims to be from the IRS and asks you to provide personal and financial information, do not reply to the message, open any attachments or click any links. It is most likely a scam. The IRS receives thousands of reports each year from taxpayers who receive suspicious e-mails, phone [...]
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Barnes Dennig Director Jay Rammes will be the featured presenter at Allied Construction Industries’ Taxation Fundamentals class on Friday, December 9. Click here for registration information. Jay leads Barnes Dennig’s construction client service team, so he has direct experience working with progressive, local construction and real estate companies. Among the topics he will discuss at [...]
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We are pleased to announce that Brian Harvey has been promoted to Principal within the firm. In this role, he will oversee client engagements with an emphasis on providing insight beyond the numbers. Brian has been with Barnes Dennig for more than a decade and has become an integral part of the leadership of the [...]
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