A New Way to Deduct Your #GivingTuesday Donations

The Tax Cuts and Jobs Act significantly reduced the number of taxpayers who itemize deductions (meaning those who actually see a tax benefit for donations made) beginning with the 2018 tax year. 

2020-11-30T11:05:43-05:00November 30, 2020|Categories: Not-for-Profit, Tax: Individual|Tags: , , |

PPP Webinar: Forgiveness Application and Legislative Update

While we haven't had a lot of legislation in the last few months, we've had a lot of guidance come out from the IRS and the SBA, particularly surrounding PPP funds. So where are we? View PBMares' recent webinar, "The Latest on PPP: Forgiveness Application and Legislative Update", and stay up to date.

2021-02-09T11:37:54-05:00November 20, 2020|Categories: COVID-19 Business Resources, Events, Past Events, PBMares COVID-19 Insights|

PPP Update: New Guidance That Will Change 2020 Taxable Liabilities

The IRS recently issued guidance that will impact taxable income and tax liabilities for the majority of businesses who received PPP loans.

2020-11-30T15:37:04-05:00November 19, 2020|Categories: PBMares COVID-19 Insights, Tax: Business|Tags: , |

NCUA Issues Mid-Year Update to Credit Union Supervisory Priorities Amid COVID-19

2020 has been a year of transformation, challenge, and opportunity.

2020-11-24T13:30:56-05:00November 18, 2020|Categories: Credit Unions, Financial Institutions, PBMares COVID-19 Insights|Tags: , |

Virginia Employment Laws Expanded to Require New Hire Reporting of Independent Contractors

A new but perhaps little-known law in the State of Virginia requires that all employers, labor organizations, and hiring halls report information about newly hired independent contractors to the state’s New Hire Center.

2020-12-23T09:01:45-05:00November 11, 2020|Categories: Tax: Business|Tags: , |

DCAA Audit Protocol during the COVID-19 Pandemic

As the COVID-19 pandemic continues with no real end in sight the performance of traditional on-site audits by DCAA becomes a significant safety issue.

2020-11-11T14:54:58-05:00November 10, 2020|Categories: Audit & Assurance, Government Contracting, PBMares COVID-19 Insights|Tags: , |
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