What Is a Right-to-Work State?

In a "right-to-work" state, private-sector employees have the option to choose whether or not they want to join a union. In other states, a person applying for a private-sector job where employees are unionized can be required to join the union as a requirement of being hired.

2022-09-22T08:30:57-04:00September 17, 2022|Categories: Accounting, Labor Unions|Tags: , |

IRS 90-day Pre-examination Compliance Pilot for Retirement Plans

The IRS is piloting a pre-examination compliance program for retirement plans, which provides plan sponsors with 90-day window to review plan operations and make corrections prior to examination.

Service Centers – A Multi-Purpose Management and Allocation Tool

Learn about service centers and cost allocation methods, specifically direct allocation and step allocation, that can help you understand the "true" cost of your products and services so you can price them for a profitable return.

2022-06-23T14:31:15-04:00June 21, 2022|Categories: Accounting, Government Contracting|Tags: , |

Build Back Better Act – What Is in and What Is out?

Source: RSM US LLP.  PBMares is a member of RSM US Alliance. With the coronavirus pandemic consuming attention and companies focusing on implementing safety, readiness and response measures, a surge in potentially harmful phishing scams has emerged.

2021-11-09T11:14:15-05:00October 30, 2021|Categories: Accounting, Tax: Business, Tax: Individual|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.

IRS Issues Guidance on 401(k) and 403(b) Plans

IRS guidance on the 15% maximum on automatic contributions, 401(k) and 403(b) plan safe harbor requirements and plan loan offset rollovers. Source: RSM US LLP. 

2021-03-08T10:29:05-05:00January 28, 2021|Categories: Accounting, Employee Benefit Plans, Retirement|Tags: , , |
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