PPP Webinar: Forgiveness Application and Legislative Update
Join PBMares for our next webinar, "The Latest on PPP: Forgiveness Application and Legislative Update" from 1 pm-2 pm on December 3, 2020.
Are You Struggling With Your PPP Loan?
This webinar recording covers Paycheck Protection Program (PPP) loan forgiveness and loan management, helping you navigate the ever-changing rules and regulations of this CARES Act financial provision.
Wealth Transfers in a Low Interest Rate Environment
Throughout the past several months investors have seen turbulent markets affect not only their portfolios but their livelihood as well. As we continue to monitor this unsettling time we also see opportunity.
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.
CARES Act and the Construction Industry: Relief for Federal and Private Contractors
The CARES Act contains several financial relief provisions to help construction contractors and other companies stay afloat during the coronavirus crisis.
SECURE Act Impacts Employer Sponsored Defined Contribution Plans
Recent provisions to the SECURE Act make it easier for employees to save for retirement while employers and plan sponsors have new rules to follow for qualified retirement plans.
Like-Kind Exchanges and Installment Sales
When business owners have divergent goals, Section 1031 contains several provisions for like-kind exchanges and installment sales that can be used to satisfy all parties involved. Proactive tax planning can minimize and delay taxes due while allowing members to pursue their desired outcome.
IRS Requires Tax-Exempt Organizations to File Forms Electronically
Many tax-exempt organizations have filed their 990 series forms electronically for several years. Some smaller organizations are still submitting their 990, 990-EZ or 990-PF in paper form to the Internal Revenue Service (IRS).
Excessive Profits as a Government Contractor: Windfall or Downfall?
Government spending has increased, leaving Congress no choice but to review the Pentagon’s enforcement of the law related to the incomplete and inaccurate cost and pricing data used to establish contract pricing. First implemented in 1962 to level the playing field during contract price negotiation, the law has left many government contractors raking in the profits today. But what may seem like a windfall could lead to a downfall.
Repeal of Nonprofit Parking Tax Announced
Congress has passed a $1.4 Trillion spending bill to avoid a government shutdown which includes a repeal of the tax on nonprofit organizations that provided qualified transportation fringe benefits, otherwise known as the “parking tax”. Any nonprofit that may have paid tax on the transportation fringe benefits should file an amended 990T to claim a refund of the taxes paid.