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So far pb_admin has created 433 blog entries.

Bipartisan House Bill Seeks to Streamline Individual Tax Return Extension Requests and Payments

By Charles Dean Smith, Jr., CPA | Bipartisan proposed legislation would prevent individual taxpayers from incurring federal penalties for failing to accurately calculate estimated payments for current-year tax liability when requesting tax filing extension

2023-05-31T16:38:12-04:00May 31, 2023|Categories: Tax: Individual|Tags: , |

Analyzing Indirect Rate Changes – Base or Expense?

Budget variances, the difference between planned billing rates and planned forward pricing rates and actual performance, favorable and unfavorable, will happen.  When they do, it is critical to profitability to understand what is causing the variance so it can be considered in your budgeting process going forward or operationally corrected.

2023-05-26T15:52:35-04:00May 25, 2023|Categories: Government Contracting|Tags: |

SECURE 2.0: Considerations to Achieve Your Workforce and Business Goals

Employers that understand SECURE 2.0’s new requirements and the pros and cons of adopting optional provisions can implement the act effectively.

2023-05-26T10:44:17-04:00May 25, 2023|Categories: Employee Benefit Plans|Tags: , |

What’s in the Inflation Reduction Act, Anyway? 12 Tax Provisions in Detail

From corporate tax changes to clean energy tax credits, the 179D commercial building deduction, and more, the Inflation Reduction Act contains a myriad of tax law changes for 2023 and beyond. This article details 12 tax changes likely to impact most taxpayers.

2023-05-26T10:51:13-04:00May 23, 2023|Categories: Tax: Business, Tax: Individual|Tags: , |

Bankruptcy Challenges for Construction Contractors Post-COVID

Construction bankruptcy filings are trending up due to volatility in the supply chain, labor market, and economy. Guaranteed payment, one of the factors affecting contractor cash flow, is now protected in Virginia as it is in North Carolina.

2023-05-16T17:17:49-04:00May 17, 2023|Categories: Construction and Real Estate|Tags: |

Did You Get a Surprise Tax Bill in 2022? It’s Time to Review Your Withholdings

If you had a surprise tax bill this past filing season, it may be an opportune time to review your paycheck withholdings and estimated tax payment requirements by using the free IRS tax withholding estimator. Changes to income tax withholding amounts on Form W-2s or 1099s can be made at any point during the year by filing an updated Form W-4.  

2023-05-12T12:48:05-04:00May 12, 2023|Categories: Tax: Individual|Tags: |

Grants Administration Best Practices: Maximize Benefits and Minimize Risk

Failure to comply with grants administration requirements is common but often unintentional. The source of the problem is typically a lack of communication or misunderstanding of compliance requirements. We’ve summarized the list of GFOA best practices for grants administration below.

2023-05-16T13:58:49-04:00May 11, 2023|Categories: State and Local Government|Tags: , |
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