Signs an Organization May Be Headed for a Potential Single Audit

Many organizations may not be aware they’re subject to a single audit. It can help to look at similar scenarios to determine compliance requirements when accepting funds greater than $750,000.

2022-01-26T13:05:19-05:00January 24, 2022|Categories: Audit & Assurance, Not-for-Profit, PBMares COVID-19 Insights|Tags: , |

Guidance for Contractors Who Use Per Diem

Construction contractors can use the temporary 100 percent business meals deduction for per diem expenses. Rate changes are in effect as of October 1, 2021. Contractors may want to review their expense reimbursement policies.

Did You Miss Out on the Employee Retention Tax Credits?

Many employers do not realize they could benefit from the ERC.  As businesses close their books and records for 2021 and begin to work on tax compliance, it is a good opportunity to revisit the ERC to clear up any confusion that may exist.

2022-07-19T15:25:10-04:00December 21, 2021|Categories: PBMares COVID-19 Insights, Tax: Business|Tags: , , , |

COVID-19 Leave Sharing Program Extended to December 31, 2021

On June 30, 2021, the IRS retroactively extended the COVID-19 leave sharing program, which allows employers to donate employees’ unused PTO to charitable organizations. In exchange, employers can take charitable or business expense deductions.

Price Volatility in the Construction Industry

Rising lumber prices aren’t the only numbers that construction firms are closely following. Price surges across many construction inputs are creating supply and demand volatility and concerns of inflation.

2023-03-17T16:43:44-04:00August 3, 2021|Categories: Construction and Real Estate, PBMares COVID-19 Insights|Tags: |

How Private Clubs Can Claim the Employee Retention Credit When Restrictions Are Lifted

Most state and local governments have been lifting COVID-19 restrictions, leaving club management wondering how and if they still qualify for the ERC, especially in the quarter that restrictions are lifted.

Impact of the American Families Plan on the Real Estate Industry

Last week, President Biden formally announced the details of his next wave of legislation called the American Families Plan.

What’s Causing the Delayed Economic Recovery for Construction and Real Estate?

Even with a national infrastructure bill on the horizon, the construction and real estate industries may be slow to respond to an expected turnaround later this year.

2021-05-04T11:13:35-04:00May 4, 2021|Categories: Construction and Real Estate, PBMares COVID-19 Insights|Tags: |
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