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New Wage and Labor Laws Take Effect in Virginia

Throughout 2021, Virginia has enacted several new labor and wage laws that increase employer liability. Construction firms and other employers should look closely at their contracts and other agreements to stay ahead of compliance.

2021-08-18T09:17:35-04:00August 12, 2021|Categories: Construction and Real Estate, Government Contracting|Tags: |

MTC Adopts New P.L. 86-272 Guidance: What You Need to Know

The Multistate Tax Commission approved new guidance on P.L. 86-272 that specifically addresses internet activities in the new economy.

2021-08-13T12:44:28-04:00August 11, 2021|Categories: Tax: Business, Tax: State & Local|Tags: , |

IRS Issues Employee Retention Credit Gross Receipt Exclusion Procedure

Rev. Proc. 2021-33 allows exclusion of PPP, restaurant revitalization and shuttered venue operator grants from ERTC gross receipts test.

Bipartisan Infrastructure Bill: State-by-State Impact and PLAs

A bipartisan infrastructure plan passed in the Senate has substantial implications for the construction industry. Project Labor Agreements remain a hot topic in negotiations, especially among construction stakeholders.

2021-08-11T14:05:00-04:00August 10, 2021|Categories: Construction and Real Estate|Tags: , , |

PBMares Wealth Management Named Top 150 AUM Firm by Accounting Today

PBMares Wealth Management, LLC was recently ranked as a Top 150 CPA Firm by AUM (assets under management) by Accounting Today magazine, the premier publication [...]

2021-08-09T11:37:36-04:00August 5, 2021|Categories: News Releases, Wealth Management|

2021 North Carolina Tax Reform

North Carolina is on the verge of passing major tax changes affecting corporate, pass-through, and individual taxpayers. If passed, the state's corporate income tax would be eliminated and 250,000 taxpayers would be removed from state tax rolls.

2021-08-04T15:06:37-04:00August 4, 2021|Categories: Tax: Business, Tax: Individual|Tags: , |

Price Volatility in the Construction Industry

Rising lumber prices aren’t the only numbers that construction firms are closely following. Price surges across many construction inputs are creating supply and demand volatility and concerns of inflation.

2021-08-26T17:40:27-04:00August 3, 2021|Categories: Construction and Real Estate, PBMares COVID-19 Insights|Tags: |

Employee Benefit Plan Audit Changes Under SAS 136

Statement on Auditing Standards (SAS) No. 136 is quickly coming up on the employee benefit plan horizon. Plan sponsors should familiarize themselves with the changes so they can be fully compliant for periods after December 15, 2021.

2021-07-29T13:24:05-04:00July 29, 2021|Categories: Employee Benefit Plans|Tags: , , , |
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