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:
Payments Made with Forgivable PPP Funds are Not Deductible Under Current Guidance
On Thursday evening, April 30, 2020, the IRS released guidance advising taxpayers that expenses paid using Paycheck Protection Loan proceeds will not be tax-deductible.
Firm-Fixed-Price Contracts vs. Cost-Plus-Fixed-Fee Contracts
Many government contractors start with firm-fixed-price contracts and do well, but at some point they are lured by the possibility of being awarded a cost-type fixed-fee contract that is too tempting to pass up.
Webinar Recording: PBMares Presents COVID-19 Insights to the AGCVA
View recording and slides. PBMares and Associated General Contractors (AGC) of Virginia teamed up on April 28, 2020, to provide insights and practical next steps as you navigate the COVID-19 crisis.
New Proposed Regulations for UBTI Will Impact Private Clubs
How could a change in the tax law passed in 2017 have a substantial impact on clubs today? Given the recent business disruptions caused by the coronavirus, unrelated business income might not seem like a big deal.
Still Hoping for PPP or EIDL Funds? There May Be More on the Way!
On Tuesday, April 21, the Paycheck Protection Program and Health Care Enhancement Act was announced. This legislation is aimed at providing a new round of funding to small-business measures, which had appropriations lapse last week.
What Taxable Clubs Should Know About the CARES Act
Springtime normally signals the start of the busy season for country clubs. Golfers eager to take advantage of nicer weather and club members who enjoy other facility amenities will have to wait longer.
