Higher Catch-Up Contribution Limit Coming in 2025
Section 109 of SECURE 2.0 provided for a higher catch-up contribution limit beginning in 2025 for participants in a 401(k) or 403(b) plan for a specific population of employees.
SECURE 2.0 Act – Mandatory Automatic Enrollment
Learn more about what is needed for retirement plans. For plan years beginning on or after January 1, 2025, SECURE 2.0 requires certain plan sponsors of a 401(k) plan or 403(b) plan to adopt automatic enrollment provisions.
A Case Study: Client Boosts Customer Satisfaction & Revitalizes their Financial Reporting Process by Outsourcing the Accounting Function
Discover how a company transformed its unreliable financial processes through outsourced accounting, improving customer satisfaction and creating actionable reports.
Nonprofits Need to Cultivate a New Type of Workforce
Nonprofits need to cultivate a new type of workforce by adopting a more operational mindset and investing in technology, which will attract top talent
Tax Compliance Considerations for U.S. Companies Hiring Foreign Remote Workers
Today’s U.S. companies are finding many benefits to hiring remote employees from around the globe. However, along with those benefits come a myriad of tax compliance considerations. learn about a few of those considerations and practical solutions so companies can proactively prevent problems and ensure compliance.
PBMares CEO Harvey Johnson Named to Virginia 500 Power List
Harvey Johnson, Partner and CEO of PBMares, LLP, has been recognized as one of Virginia’s most powerful and influential leaders in Virginia Business’s 2024-25 Power List.
Case Study: Client Seeks a More Efficient Invoicing Process
Discover how a company reduced its manual invoicing process from 5 days to 30 minutes, improving efficiency and gaining valuable data insights without a costly system overhaul.
SECURE 2.0 Act – Employer Matches of Qualified Student Loan Payments (QSLPs)
Section 110 of the SECURE 2.0 Act allows plan sponsors to treat student loan payments as elective deferrals to match contributions effective for plan years beginning after December 31, 2023. Plan sponsors considering allowing employer match contributions of qualified student loan payments (QSLPs) might have postponed their decision until further guidance was provided. On August 19, 2024, the IRS issued interim guidance that will assist plan sponsors in determining whether to adopt the provisions.
Franchise 101: Taking the First Step
Explore this practical guidance for those thinking about taking the first step toward owning a franchise.
The Critical Importance of a Properly Conducted SOC Examination by an Independent CPA: A Specialist’s Perspective
SOC examinations are a critical component of a service organization’s risk management strategy. Learn about how their value is entirely dependent on the quality of the examination process.