Barnes Financial Services

03/16/2025

A Poem for Tax Prep Encouragement form the Barnes Financial Family!

The Barnes Financial offices (New York, Indiana and Houston) want to offer a little encouragement to those who feel the challenge of preparing for the tax se...

04/01/2024

Business planning allows you to set clear goals and objectives, identify potential opportunities and develop strategies to capitalize on them. A well-crafted tax-intelligent business plan can help you save money, streamline operations, and improve your overall financial performance. By taking the time to plan, you can set up your business to be successful and sustainable in the long run. Don't overlook the benefits of business planning - start crafting your plan today!

Most businesses in the U.S. are not run by corporations, but rather families. Planning for contingencies in running a business allows for both employer and e...

03/29/2024

Major indices are on pace to finish the month higher with the S&P 500 set to finish March a little more than 2% higher. Thursday’s final reading of Q4 2023 real GDP growth is expected to remain unchanged from last month’s estimate of 3.2%, while Friday’s release of the Core PCE Price index is expected to show inflation at around 2.8% year-over-year.
https://www.avantax.com/about/articles/mid-week-market-minute-3-27-24

02/06/2024

In this month’s market update video, Ivan Gruhl, CFA®, Co-Chief Investment Officer at Avantax recaps January and discusses the Federal Reserve, economy, corporate earnings and our outlook for the months ahead.

In this month’s market update video, Ivan Gruhl, CFA®, Co-Chief Investment Officer at Avantax recaps January and discusses the Federal Reserve, economy, corp...

01/10/2024

A new tax year is here, bringing several impactful changes to standard deduction and child tax credit amounts, retirement plan contributions, and more. Here are three of the most important tax changes we’re keeping in mind as we prepare our clients’ 2023 tax returns.

01/05/2024

Stocks posted a slight gain last week amid a shortage of news and light holiday trading. The Dow Jones Industrial Average gained 0.76%, while the Standard & Poor’s 500 added 0.49%. The Nasdaq Composite index advanced 0.32% for...

05/15/2023

Mother's Day Special Podcast: Cultivating Generational Wealth with Gail Barnes, CPA MBA
://youtu.be/JXebwvaENQk

Gail A. Barnes, CPA, MBAowner of Barnes Financial Services (Indianapolis, IN)Gail brings over 30 years of accounting expertise and small business know-how to...

04/05/2023

Turmoil in the financial sector led to a sharp sell-off in stocks last week after the Federal Deposit Insurance Corporation (FDIC) announced the closure of Silicon Valley Bank on Friday, March 10. The closure of Silicon Valley Bank marked o

Last week’s closure of Silicon Valley Bank (SVB) marked one of the largest bank failures in history and sparked fears over the health of the entire financial system. While the situation remains fluid, below you’ll find a high-level overview.

04/05/2023

Eli Lilly and Co will cut prices of its Humalog and Humulin injections by 70% and cap monthly out-of-pocket costs at $35 at certain retail pharmacies for people who have private insurance. CNBC has the details:

The announcement comes amid growing federal pressure to lower the cost of insulin prices.

03/07/2023

What is an Annuity?What you should know about them.Individuals hold about $2.2 trillion in annuity contracts; a tidy sum considering an estimated $9.2 trillion is held in all types of IRAs.1Annuity contracts are purchased from an...

03/07/2023

The S&P 500 snapped a streak of three consecutive down weeks. Key employment data due this week with ADP report on Wednesday and U.S. nonfarm payrolls report on Friday.

02/15/2023

Barnes Financial Services would like to honor the service, legacy and sacrifice of our African American heros. Join us in celebrating Black History!