Quarterly Nonprofit Update: March/April 2023
As the first quarter of 2023 wraps up, nonprofits are experiencing lower donations. The economy and consumer spending remain top leading indicators for the segments Museums, Parks, and Zoos, Private Schools, and Membership Associations.
PBMares, LLP Announces Relocation of Warrenton, VA Office
PBMare is excited to announce that as of May 22, 2023, its Warrenton office is moving from 29 Culpeper Street to 560 Broadview Avenue.
Higher ed institutions need to comply with new cyber rule
The FTC's new Safeguards Rule addresses how higher ed institutions must protect students' info from cyberattacks.
Did You Get a Surprise Tax Bill in 2022? It’s Time to Review Your Withholdings
If you had a surprise tax bill this past filing season, it may be an opportune time to review your paycheck withholdings and estimated tax payment requirements by using the free IRS tax withholding estimator. Changes to income tax withholding amounts on Form W-2s or 1099s can be made at any point during the year by filing an updated Form W-4.
Grants Administration Best Practices: Maximize Benefits and Minimize Risk
Failure to comply with grants administration requirements is common but often unintentional. The source of the problem is typically a lack of communication or misunderstanding of compliance requirements. We’ve summarized the list of GFOA best practices for grants administration below.
Three Tax Considerations for U.S. Companies Paying Independent Contractors Overseas
It’s increasingly common for U.S. companies to do some portion of their business overseas. For those businesses, reporting on foreign transactions for tax purposes can become complicated. In this blog, we outline several steps to begin managing your tax reporting responsibilities.
