Moving You Forward
As you navigate this new business environment, leaders need the right guidance and direction to move forward. Tap into our customized tax, audit, accounting and business advisory solutions to help you recover from disruption and grow stronger. Contact a PBMares advisor today.
RECENT INSIGHTS:
2021 Limits for Retirement Plan Contributions
The IRS released Notice 2020-79 on October 26, 2020, disclosing the cost-of-living adjustments for retirement plans.
New $250 Million “Maryland Strong: Economic Recovery Initiative”
On October 22nd, Governor Hogan announced a new $250 million relief package for business throughout Maryland.
Rebuild VA Grant Opens to More Businesses
Yesterday, on October 28, Governor Northam announced an expansion of eligibility criteria for the Rebuild VA Grant, a grant program in place for small businesses and non-profits affected by COVID-19.
SECURE Act: Potential Implications to Naming Your Trust as Retirement Beneficiary
Since the SECURE Act passed in December of 2019, several clients have reached out regarding the so-called “10 Year Rule” which stipulates all retirement assets must be distributed to certain beneficiaries within 10 years of the client’s passing.
Tips for Improving Diversity on Nonprofit Boards
Not-for-profit leaders, take a look at the Board of Directors. Who is there? Is it a table (or a Zoom call) of different types of people, with varied backgrounds and different races and cultures?
Final Guidance on Business Interest Expense Deduction Limitation Under Section 163(j) in the CARES Act
Many U.S. companies took advantage of the Paycheck Protection Program, Economic Injury Disaster Assistance Loans, and other funding sources to shore up cash flow amid the coronavirus pandemic.
