As a government contractor, it is vital to possess a comprehensive understanding of the regulations governing 401(k) plans and the intricacies of nondiscrimination testing. While these retirement savings plans are commonly offered by employers, it is imperative to meet specific requirements to maintain their tax-deferred status.
Following a pause on new Employee Retention Credit claims in September, the IRS is giving businesses an option to withdraw ERC claims if there is concern about the claim’s inaccuracy.
The finance function has grown increasingly complicated, and in today's uncertain and competitive environment, your organization can't afford to fall behind.
Cost-of-living adjustments to retirement plan limits for 2024 have been issued by the IRS in Notice 2023-75.
PBMares shares the “Greatest of All Time” top 10 list of Internal Revenue Code Sections – all of which are still in effect.
The Office of Management and Budget (OMB) has proposed changes to Uniform Guidance that will affect government contractors.
During Cybersecurity Awareness Month, construction contractors are reminded of the proactive steps they can take to mitigate digital risk from ransomware and other cyberattacks.
October is Cybersecurity Awareness Month. Four basic tips, including how to recognize and respond to phishing attacks, can better protect online data and deter cyber criminals.
For a variety of reasons, many Americans living overseas contemplate relinquishing their citizenship. This process has a number of ramifications that warrant serious consideration. This article will focus on the tax impact of renouncing US citizenship — the US Exit Tax.
Understanding the tax implications of your compensation and benefits plans is essential if you want to avoid tax liabilities and offer packages that attract the right talent.
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