New Student Loan Rules Provide Great Benefits for Business and Individuals

The federal government has provided new tax savings opportunities for student loans in the CARES Act and the SECURE Act, both of which can help reduce the overall cost of paying down student loans.

2020-05-29T13:47:17-04:00May 29, 2020|Categories: PBMares COVID-19 Insights, Tax: Individual|Tags: |

Didn’t Receive a PPP Loan? Employee Retention Credit and Other CARES Benefits Available

If your business didn’t qualify for or secure a PPP loan, there are several other tax benefits provided by the CARES Act.  Here we’re going to take a closer look at some of the most advantageous programs available.

2020-05-27T12:19:37-04:00May 26, 2020|Categories: COVID-19 Business Resources, PBMares COVID-19 Insights|Tags: , , |

PPP Loan Forgiveness Application Released: What Documents Businesses Should Maintain

As a large portion of PPP loans have been disbursed and more funds on their way to businesses in need, SBA and Treasury have now turned their attention to the forgiveness portion of the PPP program.

PPP Loan Forgiveness Application Released: What Do Business Owners Need to Know?

On Friday evening, May 15, the SBA released the much-anticipated PPP Forgiveness Application.  Though we still await a new Interim Final Ruling relating to forgiveness, the application provides answers to some of our most frequent questions.

Are You Struggling With Your PPP Loan?

Join us on Thursday, May 21st for a webinar on Paycheck Protection Program (PPP) loan forgiveness and loan management, helping you navigate the ever-changing rules and regulations of this CARES Act financial provision.

COVID-19 Offers Opportunity to Give Back to Club Employees

Members join clubs for a variety of reasons, including golf, entertainment and networking, and in doing so, they become part of a close-knit community. 

2020-05-06T15:37:23-04:00May 6, 2020|Categories: Hospitality, PBMares COVID-19 Insights, Private Clubs|Tags: |

Paycheck Protection Program FAQs

The historic $2.2 Trillion CARES Act was signed into law late-afternoon on Friday, March 27.  Just one week later, on Friday, April 3, banks began accepting Paycheck Protection Program (“PPP”) applications for businesses with employees.

2020-05-05T15:16:45-04:00May 5, 2020|Categories: COVID Federal & State Updates, PBMares COVID-19 Insights|Tags: |

Payments Made with Forgivable PPP Funds are Not Deductible Under Current Guidance

On Thursday evening, April 30, 2020, the IRS released guidance advising taxpayers that expenses paid using Paycheck Protection Loan proceeds will not be tax-deductible.

2020-05-05T13:50:03-04:00May 1, 2020|Categories: COVID Federal & State Updates, PBMares COVID-19 Insights|Tags: |

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.