PBMares Announces Merger with Fairfax-based BSB CPAs + Advisors to Expand Market Presence in Northern Virginia
PBMares, LLP is excited to formally welcome new partners, team members, and clients from the merger with BSB CPAs + Advisors. The merger took place on October 1, 2024 and the two firms officially joined as of January 1, 2025. Five new partners and 36 new employees joined PBMares in the combination.
Roth Employer Contributions
Roth elective deferral contributions have been permitted in qualified retirement plans since 2006. Section 604 of SECURE 2.0 provided for an optional provision that allows employees to designate their employer contributions, whether it be matching nonelective, as Roth. This applies to 401(k) Plans and 403(b) Plan. This was effective December 29, 2022; however, several challenges delayed implementation of this provision.
Common Scams Targeting Construction Companies
External fraud costs the construction industry up to $1 billion annually, with scams targeting high-value materials, supply chains, and tight project timelines. To mitigate risks, construction companies can implement preventive measures like enhanced site security, supplier screening, and strong internal controls.
The Importance of Cybersecurity Resiliency for Nonprofit Organizations
Cybersecurity resiliency is important for nonprofits. An organization that has strong cybersecurity resiliency protects its sensitive data and ensures that it can fulfill its mission without interruption.
The Future of Commercial Office Conversions and Transforming Workspaces
With changing work habits, increasing demands for flexible spaces, and modifications to urban planning, the conversion of commercial office buildings into new uses has gained popularity. Learn about the future of commercial office conversions and transforming workspaces.
Foreign Corporations Expanding into the U.S.: Preparing the Protective Form 1120-F
Expanding internationally is always an exciting adventure. Before jumping in head-first learn what is important to understand and the ramifications, including tax compliance, when entering the United States markets.
