Multi-state Businesses Have Choices with Pass-through Entities and State Income Taxes

What happens when an entity derives income from doing business in multiple states? 

2020-05-14T17:17:40-04:00May 7, 2020|Categories: Tax: Business, Tax: State & Local|Tags: , |

COVID-19 Offers Opportunity to Give Back to Club Employees

Members join clubs for a variety of reasons, including golf, entertainment and networking, and in doing so, they become part of a close-knit community. 

2020-05-06T15:37:23-04:00May 6, 2020|Categories: Hospitality, PBMares COVID-19 Insights, Private Clubs|Tags: |

Paycheck Protection Program FAQs

The historic $2.2 Trillion CARES Act was signed into law late-afternoon on Friday, March 27.  Just one week later, on Friday, April 3, banks began accepting Paycheck Protection Program (“PPP”) applications for businesses with employees.

2020-05-05T15:16:45-04:00May 5, 2020|Categories: COVID Federal & State Updates, PBMares COVID-19 Insights|Tags: |

Payments Made with Forgivable PPP Funds are Not Deductible Under Current Guidance

On Thursday evening, April 30, 2020, the IRS released guidance advising taxpayers that expenses paid using Paycheck Protection Loan proceeds will not be tax-deductible.

2020-10-05T10:42:31-04:00May 1, 2020|Categories: COVID Federal & State Updates, PBMares COVID-19 Insights|Tags: |

Firm-Fixed-Price Contracts vs. Cost-Plus-Fixed-Fee Contracts

Many government contractors start with firm-fixed-price contracts and do well, but at some point they are lured by the possibility of being awarded a cost-type fixed-fee contract that is too tempting to pass up. 

2020-05-01T13:51:54-04:00May 1, 2020|Categories: Government Contracting|Tags: , |

PBMares Presents COVID-19 Insights to the AGCVA

PBMares and Associated General Contractors (AGC) of Virginia teamed up on April 28, 2020, to provide insights and practical next steps as you navigate the COVID-19 crisis.

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