Guidance for Growth

Advisory Watch2024-06-20T13:55:38-04:00

PBMares Announces Merger with Fairfax-based BSB CPAs + Advisors to Expand Market Presence in Northern Virginia

PBMares, LLP is excited to formally welcome new partners, team members, and clients from the merger with BSB CPAs + Advisors. The merger took place on October 1, 2024 and the two firms officially joined as of January 1, 2025. Five new partners and 36 new employees joined PBMares in the combination.

January 2, 2025|Categories: News Releases|

Roth Employer Contributions

Roth elective deferral contributions have been permitted in qualified retirement plans since 2006. Section 604 of SECURE 2.0 provided for an optional provision that allows employees to designate their employer contributions, whether it be matching nonelective, as Roth. This applies to 401(k) Plans and 403(b) Plan. This was effective December 29, 2022; however, several challenges delayed implementation of this provision.

January 2, 2025|Categories: Employee Benefit Plans, Retirement|Tags: |

Common Scams Targeting Construction Companies

External fraud costs the construction industry up to $1 billion annually, with scams targeting high-value materials, supply chains, and tight project timelines. To mitigate risks, construction companies can implement preventive measures like enhanced site security, supplier screening, and strong internal controls.

December 19, 2024|Categories: Construction and Real Estate|Tags: , |

The Importance of Cybersecurity Resiliency for Nonprofit Organizations

Cybersecurity resiliency is important for nonprofits. An organization that has strong cybersecurity resiliency protects its sensitive data and ensures that it can fulfill its mission without interruption.

December 19, 2024|Categories: Not-for-Profit, Risk Advisory|Tags: |
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