North Carolina Budget Allows PPP Deductions, Reduces Tax Rates, Establishes SALT Workaround

The long-awaited 2021-2023 biennial North Carolina budget was passed by the General Assembly and signed by Governor Roy Cooper on November 18, 2021. Media outlets have focused on high-profile provisions, such as raises for teachers and other state employees. Other provisions - including historic tax cuts - immediately impact all North Carolina taxpayers.

2021-11-19T15:56:28-05:00November 19, 2021|Categories: Tax: Business, Tax: Individual|Tags: , , |

Infrastructure Bill Passes, Build Back Better Act Vote on the Horizon

On November 5, 2021, Congress passed a $550 billion Infrastructure Investment and Jobs Act. This bill is separate from the Build Back Better Act, which includes the highly discussed and more significant tax proposal changes. Read on for a summary of tax changes passed by the infrastructure bill and proposed changes from the Build Back Better Act.

House passes infrastructure legislation; sends bill to President Biden

Bipartisan infrastructure bill passes House with bipartisan vote. President Biden expected to sign by end of next week.

Webinar Recording | Top 10 Tax Strategies for 2021

Join PBMares on November 3 to discover the top 10 tax strategies businesses should consider before year-end, including traditional tax strategies, remaining COVID-19 incentives, and opportunities expiring at year-end.

Checklist for Foreign Companies Expanding a Business into the United States

When foreign businesses expand operations in the U.S., several areas must be addressed – starting with entity selection, understanding differences in American taxes vs the parent company’s home country, and more. This checklist can help.

2021-11-01T15:07:05-04:00November 1, 2021|Categories: Tax: Business, Tax: International|Tags: |

Build Back Better Act – What Is in and What Is out?

Source: RSM US LLP.    With the coronavirus pandemic consuming attention and companies focusing on implementing safety, readiness and response measures, a surge in potentially harmful phishing scams has emerged.

2021-11-09T11:14:15-05:00October 30, 2021|Categories: Accounting, Tax: Business, Tax: Individual|Tags: , |

Webinar Recording: Stealth Weapon: R&D Tax Credits

Watch this PBMares webinar recording from October 6, 2021 covering more about the R&D tax credit, including eligibility rules, qualifying activities and more. Our presenters cut through the confusing language to provide clarity on how your business can benefit.

2023-01-13T13:59:34-05:00October 6, 2021|Categories: Past Events, Tax: Business|Tags: , |

Recovery Startup Provision: How New Startup Businesses Can Possibly Claim the ERTC

Businesses that started during the pandemic have a new opportunity to claim the Employee Retention Tax Credit for the 3rd and 4th quarters in 2021. There are minimal eligibility requirements to net up to $100,000 in tax credits for the year. Act now to include the credit on your 2021 3rd quarter payroll tax return.

2023-11-01T10:13:26-04:00September 22, 2021|Categories: Small Business, Tax: Business|Tags: , |
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