When most people think of cybersecurity and data breaches, large government, financial, and retail entities typically come to mind. Since we tend to only hear of breaches with big-name entities, small businesses tune it out, thinking these are problems only larger organizations experience.
Cybercrime costs the U.S. economy between $57 billion and $109 billion every year and is not showing any signs of slowing down.
Source: RSM US LLP. PBMares is a member of RSM US Alliance.
Partnerships (and LLCs taxed as partnerships) are common vehicles for the portfolio companies that private equity funds acquire.
Construction worksites are responsible for about one out of every five workplace-related fatalities in the U.S. each year. Safety practices have drastically improved over the past two decades, but even one fatality is a failure.
Many Owners of partnerships, S Corporations, sole proprietorships, and rental real estate ventures can now earn up to 20% of their Qualified Business Income (“QBI”) tax-free through the QBI deduction.
After more than four years in the draft proposal stage and federal lawsuits, Congress recently enacted new overtime rules for white-collar workers.
Ask any security expert and they will tell you that it’s not a matter of “if”, but “when” your organization will suffer a cyberattack. And while you might think a Country Club isn’t a huge target for hackers, the reality is that no organization is safe anymore, particularly smaller entities.
Doing business overseas? Learn about the top five signs your company may need the assistance of an international tax accountant. Understanding international tax issues will position your company for future success in global business endeavors.
With increased Pentagon spending and the Defense Contract Audit Agency’s (DCAA) reduction and outsourcing of their Incurred Cost Submission audit backlog, government contractors should anticipate a significant increase in audit activity.
Nonprofits are now required to silo Net Operating Losses (NOLs) from one unrelated business activity so that it doesn’t create a reduction of taxable income from another profitable unrelated business activity.