New Rulings Expand Self-Employment Tax for Limited Partners
Active limited partners who participate in a partnership’s operations may now owe self-employment taxes on ordinary income. Recent court rulings stress the importance of a partner’s role over their title, making it essential for businesses to evaluate involvement, review agreements, and ensure compliance to avoid penalties.
PBMares Wins ClearlyRated’s 2025 Best of Accounting Award For Service Excellence
PBMares, a top 100 accounting and business consulting firm, has won the Best of Accounting Award for the third year in a row for providing superior service to their clients.
2025 Economic Outlook for Franchises
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.
Cybersecurity and Risk Consultant Antonina McAvoy Speaks at Hospitality Conference
On February 20, PBMares Risk Advisory Partner Antonina McAvoy spoke at the 18th annual Hospitality Financial and Technology Professionals (HFTP) Mid-South Atlantic Regional Conference (MSARC). Financial, IT, and Risk leaders from clubs, boutique hotels, and resorts come to the event each year for guidance and insights on industry challenges and best practices.
PBMares Partner Neena Shukla Featured in VSCPA On Government Fraud
PBMares Partner Neena Shukla Featured in VSCPA On Government Fraud.
Not-for-Profit Accounting Expert Jonny Rosch Speaks at Industry Event in Washington, D.C.
Jonny Rosch, a Partner on PBMares’ Nonprofit team, is speaking at today’s FAR (formerly the Finance & Administration Roundtable) February luncheon about Form 990-T reporting, compliance pitfalls, and guidance on emerging tax issues affecting not-for-profits, such as unrelated business income tax.
