The Virginia Land Preservation Tax Credit Program
Learn how Virginia taxpayers can reduce their state tax liability through the Virginia Land Preservation Tax Credit program.
Best Practices: Assess Investment Portfolio Risk and Return Using Benchmarks
In this article, we’ll discuss recommendations from the Government Finance Officers Association (GFOA) about best practices for measuring portfolio risk and return against market indexes and benchmarks.
IRS Delays Roth Catch-Up Contribution Rule
The IRS has delayed the new Roth catch-up contribution rule for high earners until 2026. This change provides a strategic window for retirement planning, especially as fewer than 20 percent of eligible employees still don’t utilize catch-up contributions.
Navigating the Compliance Maze: A Government Contractor’s Guide to 401(k) Nondiscrimination Testing
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.
Employee Retention Credit Update
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.
6 signs your organization’s finance function needs modernizing
The finance function has grown increasingly complicated, and in today's uncertain and competitive environment, your organization can't afford to fall behind.
IRS releases 2024 retirement plan limitations
Cost-of-living adjustments to retirement plan limits for 2024 have been issued by the IRS in Notice 2023-75.
“Greatest of All-Time” Internal Revenue Code Sections
PBMares shares the “Greatest of All Time” top 10 list of Internal Revenue Code Sections – all of which are still in effect.
OMB proposes changes to Uniform Guidance
The Office of Management and Budget (OMB) has proposed changes to Uniform Guidance that will affect government contractors.
Cybersecurity Awareness Month: Spotlight on the Construction Industry
During Cybersecurity Awareness Month, construction contractors are reminded of the proactive steps they can take to mitigate digital risk from ransomware and other cyberattacks.