SBA Formally Withdraws Loan Necessity Questionnaire

Small Business Administration, in light of lawsuit, notifies PPP lenders that loan necessity questionnaire is withdrawn.

The Biden Tax Plan: Changes to Global Intangible Low-Taxed Income (GILTI)

The new Global Intangible Low-Taxed Income (GILTI) regime imposes U.S. tax on foreign earnings of certain foreign corporations whether or not the profits are repatriated to the U.S. owner.

2021-06-22T14:17:12-04:00June 10, 2021|Categories: Tax: Business, Tax: Individual, Tax: International|Tags: , , |

Maryland Delays Digital Ad Tax; Provides Digital Goods Clarification

The first-in-the-nation digital advertising tax is postponed for one year until 2022 while the state prepares regulations and guidance.

2021-06-04T18:20:53-04:00June 3, 2021|Categories: Tax: Business, Tax: State & Local|Tags: , , |

The Pandemic May Not Be Over, but the Office as We Knew It Is

Virtual workforce opportunities have allowed employees to become transient, potentially increasing or reducing your state tax obligations.

2021-06-02T16:46:18-04:00May 12, 2021|Categories: PBMares COVID-19 Insights, Tax: Business, Tax: State & Local|Tags: |

The Impact of Biden’s Proposed $2.3 Trillion Infrastructure Plan on the Construction Industry

President Biden recently unveiled his new $2.3 trillion infrastructure package, the American Jobs Plan. The construction industry will benefit in several ways, but there are mixed reactions on different aspects of the legislation.

Nine Research and Development Tax Credit Myths Costing You Money

Misconceptions about the federal research and development tax credit leave many companies paying more tax than required.

2021-04-22T15:13:04-04:00April 8, 2021|Categories: Tax: Business, Tax: Credits & Incentives|Tags: , |

Guidance Issued for Employers Claiming the Employee Retention Credit

Notice 2021-20 clarifies retroactive changes made to ERTC and PPP interaction and incorporates several previous frequently asked questions.

Navigating Maryland’s New Sales Tax on Digital Products

Maryland businesses are getting caught by surprise by a recently enacted law that subjects digital products to sales tax. Digital products may include movies, books, software, and online training and it’s not always straightforward to determine what’s taxable.

2021-03-29T12:53:48-04:00March 29, 2021|Categories: Tax: Business|Tags: , , |

Senate Passes Extension of Paycheck Protection Program to May 31

PPP extension clears Senate. Program to be extended to May 31, with 30 days provided after May 31 for SBA to process pending applications.

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