A new accounting standard will require employers to disclose more information about their contributions to multi-employer pension plans. It will be a significant change for employers and plan sponsors in heavily unionized industries such as construction. The new disclosures include: The amount of employer contributions made to each significant multi-employer plan and the total made [...]
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 [...]
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 [...]
When your primary concern is simply surviving, it’s tempting to pay less attention to the routine fundamentals, such as preparing a realistic budget and following through on it. In fact, difficult times make attention to the basics more important than ever – which means now is a good time for contractors and sub-contractors to take [...]
For the past 30 years, large manufacturers, pharmaceutical companies and software developers have benefitted greatly from the Research and Experimentation Tax Credit. Recent legislation has made it accessible to contractors, architects, engineers and smaller manufacturers, and pending legislation would make the credit permanent. If research and innovation are part of your culture, it is worth [...]
Barnes Dennig Tax Director John Michel will discuss tax credits and incentives for contractors at the upcoming Buckeye Construction Conference, presented by the Cincinnati chapter of the Construction Financial Management Association. The Conference is September 14-15 at the Millenium Hotel in downtown Cincinnati, and Michel’s presentation will be Thursday, September 15. Visit cfmacincinnati.org for more information. Michel [...]
Even though there are signs of optimism that the construction industry is starting to recover, the true turnaround likely will not occur until the fourth quarter of 2012 or early 2013, William Geisen and Susan Argo of Graydon Head said at Barnes Dennig’s most recent contractor’s roundtable. Due to the slower-than-expected recovery of the construction [...]
Every contractor is aware of the uncertainty of the construction industry going in, but the challenges facing contractors today are unprecedented. As a construction company owner, you may feel as if you’re attempting to cross a wide, rushing river, and you have no idea how you’re going to get to the other side – or [...]