Do You Qualify for the Employee Retention Credit?
The Employee Retention Credit (ERC) incentivizes organizations to keep employees on the payroll during COVID-19, and with new rules, it’s possible to claim as much as $14,000 per employee in 2021.
Overview of Final Regulations for 1031 Exchanges
Since the Tax Cuts and Jobs Act, the treatment of 1031 exchanges has been more complex, nuanced, and limited according to varying definitions of real property. Now with final regulations, real estate investors can make more informed decisions about which properties qualify.
Employee Retention Credit: Do You Qualify?
Do you qualify for the Employee Retention Credit? Download our ERC flow chart to help determine whether or not you are eligible.
EIDL Grants No Longer Reduce PPP Forgiveness
The Economic Aid Act, which became law on December 27, 2020, made PPP loans fully forgivable regardless of EIDL grants received. Now, the SBA has issued guidance and new forgiveness forms removing the need for an EIDL reduction.
PPP Round 2 – What You Need to Know
The Economic Aid Act, included in the 2021 Appropriations Act expanded the Paycheck Protection Program (“PPP”) to include second draw loans for hard-hit small businesses. Here's what you need to know to take advantage of this program.
Home Office Deduction Primer
With the tax filing season just around the corner, I repeatedly hear the question, “can I deduct my home office?” The answer varies as the IRS has a more restrictive definition of the home office than those heard in ordinary conversation.
Coronavirus Response and Relief – What it Means for You
On December 21, 2020, Congress unveiled agreement on a $900 billion coronavirus relief deal. The bill has several business and individual provisions included – but what do they mean for you?
Webinar: Top 10 Year-End Tax Planning Strategies
View a recording of PBMares' live webinar from December 15th for “Top 10 Year End Tax Planning Strategies”.
New Workarounds for $10,000 SALT Cap for Pass-Through Entities
The SALT cap has been a contentious issue ever since it was passed as part of 2017’s Tax Cuts and Jobs Act.
2020 State and Local Tax Legislative Recap
State tax planning opportunities to consider in light of COVID-19, the resulting economic crisis and evolving tax laws and regulations.