This Could Be a Good Time to Convert to a Roth IRA
If you're like many who are saving for retirement, the value of your retirement accounts has dropped considerably during 2022. It may be time to consider converting to a Roth IRA.
Webinar Recording | Top 10 Tax Strategies for 2022
Join PBMares on November 16 to discover the top 10 tax strategies businesses and individuals should consider before year-end, including traditional tax strategies, charitable planning, and Roth IRA conversions.
The Inflation Reduction Act Makes Few Alterations to the Tax Strategies of PBMares’ Clients
Today, The Inflation Reduction Act of 2022 was enacted. Through its sweeping law changes on health care, climate, and taxes, the Act presents a few new opportunities for beneficial tax strategies. In general, the Act results in few tax increases to PBMares clients.
New Rules for Inherited IRAs
For many years, beneficiaries of inherited IRAs were permitted to withdraw the balances over their life expectancies. Then, the SECURE Act largely eliminated this tax deferral opportunity. Its effective date of December 31, 2019 could be called “The Day the Stretch IRA Died”.
Webinar Recording: Five Tax-Efficient Ways to Sell Your Business
If you are currently selling or considering the sale of your business, learn how to minimize transactional tax liabilities through effective tax structuring. This webinar will outline the various options to consider when creating a smart tax structure for the sale of your business.
Important Information for Business Owners Who Make Charitable Contributions
Many Owners of partnerships, S Corporations, sole proprietorships, and rental real estate ventures can now earn up to 20% of their Qualified Business Income (“QBI”) tax-free through the QBI deduction.
Top 10 Tax Opportunities for Virginia Businesses
Sean O’Connell, a PBMares Tax Service Line Leader, is presenting “Top 10 Tax Opportunities for Virginia Businesses” at the Virginia Society of CPAs Business and [...]