Final Guidance on Business Interest Expense Deduction Limitation Under Section 163(j) in the CARES Act

Many U.S. companies took advantage of the Paycheck Protection Program, Economic Injury Disaster Assistance Loans, and other funding sources to shore up cash flow amid the coronavirus pandemic.

2020-10-15T15:22:36-04:00October 15, 2020|Categories: PBMares COVID-19 Insights, Tax: Business|Tags: , , |

How Businesses Should Be Preparing for Changes in State Tax Laws in 2020 and Beyond

Exposure to state tax has been steadily increasing in recent months. From the Wayfair Supreme Court case in 2018 to mounting financial pressures from COVID-19, states are looking at all options to collect revenue they are entitled to.

GSA Cancellation Emphasizes the Importance of a Compliant Cost Accounting System

The recent cancellation of the General Services Administration (GSA) $15Billion Alliant 2 Small Business (A2SB) contract highlights the need for small government contractors to have a properly evaluated cost accounting system.

2020-10-17T12:40:40-04:00October 13, 2020|Categories: Accounting, Government Contracting|Tags: , , |

New Court Decision on Deducting Real Estate Losses Disallows Continuing Education

What does it mean to be a real estate professional? For many, the answer is straightforward: they’re landlords, property developers, contractors, and investors.

2020-10-09T13:35:51-04:00October 6, 2020|Categories: Construction and Real Estate, Tax: Business|Tags: |

Strategies to Modify Commercial Real Estate Lease Contracts

Commercial real estate leases are changing. And according to the New York Times, banks currently hold about $2.38 trillion of commercial real estate loans. As tenants renegotiate their leases, building owners and landlords will likely be asking banks to restructure their loans, too.

2020-10-08T15:25:32-04:00October 1, 2020|Categories: Construction and Real Estate|Tags: , , |