New IRS Guidance Clarifies How to Report ERC Refunds
Learn about the new IRS issued guidance on how businesses will be able to handle the Employee Retention Credit (ERC) on income tax returns going forward, released March 20, 2025.
A Guide to Franchise Disclosure Documents
Explore this guide from the Franchise Team at PBMares that breaks down why the FDD matters, key areas to focus on, and how to use the FDD to make informed franchise decisions.
2025 Outlook: 3 Common Trends in M&A Activity
Whether you’re buying, selling, or investing in a business in 2025, success hinges on making informed decisions. This article examines trends in M&A activity.
Navigating Uncertainty: Key Economic and Policy Shifts Impacting Organizations
Rapid policy changes and legal challenges are making the business environment increasingly unpredictable. Shifts in trade, labor, and tax policies can create both opportunities and disruptions. While uncertainty is inevitable, businesses that stay informed, assess risks, and build flexibility into their operations will be better equipped to adapt
New Rulings Expand Self-Employment Tax for Limited Partners
Active limited partners who participate in a partnership’s operations may now owe self-employment taxes on ordinary income. Recent court rulings stress the importance of a partner’s role over their title, making it essential for businesses to evaluate involvement, review agreements, and ensure compliance to avoid penalties.
Webinar Recording | M&A Trends in 2025: Key Factors That Can Impact Your Business Exit
Are you a business owner considering an exit in the near future? It’s important to understand how to navigate the ever-changing M&A landscape. This webinar will cover insights and strategies that can maximize value and ensure a smooth transition.
Charitable Giving: Planes, Boats and Automobiles
Substantiating charitable contributions of planes, boats, and automobiles differ from other types of non-cash gifts.
The IRS Is Lowering Interest Rates: Now What?
In mid November, the IRS announced that interest rates will decrease by a percentage point for the calendar quarter beginning January 1, 2025. Learn more about what that means for individuals and corporations.
Maximizing Virginia’s Historic Rehabilitation Tax Credit
The Historic Rehabilitation Tax Credit (HRTC) Program in Virginia offers significant financial incentives for restoring historic structures. By meeting the Standards, property owners can reduce their income tax liability, claiming up to 45% of eligible rehabilitation expenses—20% from the Federal government and 25% from the State.
IRS Extends tax Deadlines for Hurricane Milton Victims in Florida
IRS grants disaster relief to taxpayers located in certain Florida counties. Affected taxpayers have until May 1, 2025, to file returns and make payments.