A significant challenge facing many not-for-profit organizations involves determining how much of their resources and expenses go toward each of their projects. Not-for-profits do not necessarily see returns on investment in the same way as for-profit businesses,… The post Tips and Best Practices for Not-For-Profit Cost Allocations appeared first on Cleveland CPA Accounting Firm | Barnes Wendling CPAs ..read more

Gift and estate tax planning is an important part of managing one’s finances, especially for those with considerable assets. Of course, with gifting and transferring assets comes some tax liability—a lot of which is ultimately determined by… The post What to Know About Valuations and Discounts in Estate and Gift Tax Planning in 2024 appeared first on Cleveland CPA Accounting Firm | Barnes Wendling CPAs ..read more

Although it may seem like tax season only just ended, the end of summer is an ideal time for taxpayers to review their own income and withholding for the upcoming tax year. All too often, taxpayers are… The post How (and Why) to Perform an End-of-Summer Tax Checkup appeared first on Cleveland CPA Accounting Firm | Barnes Wendling CPAs ..read more

Learn how East 66th Street Services, a division of the Cleveland Foundation, serves as an incubator for emerging community programs In episode three of our series featuring women business leaders, we talk with Leslie Dunford of East… The post Episode 21: Taking Care of Cleveland: Leslie Dunford of the Cleveland Foundation Leads With Balance, Empathy and Compassion appeared first on Cleveland CPA Accounting Firm | Barnes Wendling CPAs ..read more

In September 2023 the IRS placed all Employee Retention Tax Credit (ERTC) claims in a moratorium. The agency is now restarting processing claims, but only those identified as low risk, and announced that it is denying “tens… The post The IRS is releasing low-risk ERTC claims from its moratorium appeared first on Cleveland CPA Accounting Firm | Barnes Wendling CPAs ..read more

Cybersecurity is no longer optional for businesses. Every business, from a sole proprietorship to a multinational corporation, needs to know its vulnerabilities to cyber threats. They need to take measures to guard against those threats and make… The post Cybersecurity: 9 Tips to Protect Your Business appeared first on Cleveland CPA Accounting Firm | Barnes Wendling CPAs ..read more

The SECURE 2.0 Act, signed into law in late 2022, contains numerous provisions related to retirement accounts that impact both individuals and employers. While the law aims to encourage more workers to save for retirement, changes affecting… The post How the Secure 2.0 Act Could Affect Your Retirement Plans in 2024 and Beyond appeared first on Cleveland CPA Accounting Firm | Barnes Wendling CPAs ..read more

Construction is an expensive business. Materials keep going up in price, as do many other expenses. As a contractor, you want to use all of your resources as efficiently as possible. When construction jobs run into delays… The post Activity-Based Costing Strategies for Construction Companies appeared first on Cleveland CPA Accounting Firm | Barnes Wendling CPAs ..read more

Running a small business presents many challenges. Keeping track of a company’s finances is essential to its long-term success and growth. Unfortunately, far too many small business owners do not pay close enough attention to one or… The post 8 Small Business Accounting Errors and How to Avoid Them appeared first on Cleveland CPA Accounting Firm | Barnes Wendling CPAs ..read more

We are deeply saddened by the death of our former director and friend Don Zwilling. Don contributed to the legacy of Barnes Wendling CPAs with over 50 years of distinguished service to the firm. Don’s duties in… The post We are saddened to announce the passing of Donald F. Zwilling appeared first on Cleveland CPA Accounting Firm | Barnes Wendling CPAs ..read more