The House Ways and Means Committee has released a new draft tax bill that would extend several provisions from the Tax Cuts and Jobs Act (TCJA), many of which are set to expire in the coming years. The proposal includes new and expanded incentives for businesses, updates to individual tax rates and deductions, and a range of temporary relief measures scheduled to run through 2028.
Learn about the new IRS issued guidance on how businesses will be able to handle the Employee Retention Credit (ERC) on income tax returns going forward, released March 20, 2025.
Explore this guide from the Franchise Team at PBMares that breaks down why the FDD matters, key areas to focus on, and how to use the FDD to make informed franchise decisions.
Rapid policy changes and legal challenges are making the business environment increasingly unpredictable. Shifts in trade, labor, and tax policies can create both opportunities and disruptions. While uncertainty is inevitable, businesses that stay informed, assess risks, and build flexibility into their operations will be better equipped to adapt
In 2024, for the second year in a row, the franchise industry outperformed expectations thanks to upticks in consumer spending and slight improvements in the availability of labor. According to a report from the IFA, franchising is likely to keep growing and add more than 20,000 units and 210,000 jobs in 2025. Learn interesting industry statistics and other key takeaways from the report.
In mid November, the IRS announced that interest rates will decrease by a percentage point for the calendar quarter beginning January 1, 2025. Learn more about what that means for individuals and corporations.
Tax planning is a critical piece of managing a franchise; however, many franchise owners simply don’t have the time or background knowledge to adequately or strategically tackle the tax implications of owning a franchise. Learn about 5 of the most important and commonly overlooked tax considerations impacting franchisees and provide practical steps you can take to begin optimizing your tax situation.
The IRS took action quickly after Hurricane Helene traveled 400+ miles, claiming lives and wreaking havoc in the Southeast. Learn about the important information regarding deadline extension and penalty relief.
Explore this practical guidance for those thinking about taking the first step toward owning a franchise.
Taxpayers impacted by Hurricane Debby in South Carolina, North Carolina, Florida, and Georgia now have until February 3, 2025 to make certain tax payments and file various tax returns, including 2023 individual and business tax returns currently on extension.
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