IRS Releases Draft Instructions to Claim Amended R&D Credits

IRS issues draft instructions for Form 6765 that formalizes the information required for claiming research credits on an amended tax return or an administrative adjustment request (AAR) for BBA partnerships.

2023-01-23T08:31:31-05:00January 18, 2023|Categories: Tax: Business, Tax: Credits & Incentives|Tags: , |

With No Year-end Tax Package, Businesses Face Unfavorable Changes

Businesses must contend with several unfavorable tax changes after no significant business tax provisions appeared in a year-end omnibus package.

2022-12-27T11:03:54-05:00December 27, 2022|Categories: Tax: Business, Tax: Credits & Incentives|Tags: |

A New Frontier in State Taxation: Pass-Through Entity Tax

Designed to eliminate the adverse impacts of the SALT cap, the Pass-Through Entity Tax (PTET) is an optional state income tax that taxpayers may elect to use. However, before deciding whether a PTET election is the right move, there are a variety of issues to consider. 

2022-12-22T16:13:09-05:00December 22, 2022|Categories: Tax: Business, Tax: State & Local|Tags: , , |

Webinar Recording | Pass-Through Entity Tax: A New Frontier in State Taxation

Watch the recording from our December 7th webinar for insights on the Pass-Through Entity Tax (PTET), an optional state income tax that Pass-Through Entity taxpayers may elect to use.

2023-01-13T13:35:11-05:00November 28, 2022|Categories: Past Events, Tax: Business, Tax: State & Local|Tags: , , , |

This Could Be a Good Time to Convert to a Roth IRA

If you're like many who are saving for retirement, the value of your retirement accounts has dropped considerably during 2022. It may be time to consider converting to a Roth IRA.

2022-11-17T16:34:02-05:00November 17, 2022|Categories: Retirement, Tax: Business, Tax: Individual|Tags: , |

Webinar Recording | Top 10 Tax Strategies for 2022

Join PBMares on November 16 to discover the top 10 tax strategies businesses and individuals should consider before year-end, including traditional tax strategies, charitable planning, and Roth IRA conversions.

Increase in Social Security Wage Base, Wage Caps and Benefit Amounts Announced for 2023

The Social Security Administration recently announced their annual inflation changes to the Social Security wage base, annual wage cap, and benefit amounts that will be effective January 1, 2023. These 2023 inflation increases are the largest percentage increases since 1981 and the fourth-largest increase ever for the Social Security program.

2022-11-11T16:22:26-05:00November 11, 2022|Categories: Tax: Business, Tax: Individual|Tags: , |
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