IRS Releases Plan to Triple Its Audit Rates on Large Corporations
Audit rates on large corporations to increase threefold, per newly released IRS roadmap for spending Inflation Reduction Act funds.
For Franchises: Strategic Management Tools
In this article, we’ll outline types of strategic management tools for franchises and dive further into the various benefits.
Understanding IRS Letter 6612 for ERC Claims
IRS Letter 6612 signifies an audit of Employee Retention Credit (ERC) claims, prompted by a surge in ineligible applications. Businesses receiving the letter must provide detailed documentation within 30 days to prove their ERC eligibility or face possible claim denial.
Podcast | “Greatest of All Time” Internal Revenue Code Sections
In this podcast, PBMares Partner, Sean O'Connell, summarizes IRS Code Sections that could include financial savings for individuals and businesses.
The Future of the Franchise Model
Learn about the future of the franchise model and best practices of successful franchises.
PBMares LLP Named a Leader in Tax by Accounting Today
In its 2024 ranking of the Top 100 Firms, Accounting Today has named PBMares to its Leaders in Tax specialty category.
Podcast | Tax Relief for American Families and Workers
In this podcast, we discuss a new piece of legislation, the Tax Relief for American Families and Workers Act of 2024. We do not know what will be in the final bill or if we will even have one. But what is in the bill that has many excited?
IRS Opens ERC Voluntary Disclosure Program
If you're a business owner who mistakenly claimed the Employee Retention Credit, find out how the new IRS Voluntary Disclosure Program can help you rectify the situation. Discover the eligibility criteria, benefits, and application process in our informative video.
IRS Launches ERC Voluntary Disclosure Program
The IRS launched the Employee Retention Credit Voluntary Disclosure Program (ERC-VDP), providing an opportunity for employers to correct mistaken Employee Retention Credit (ERC) claims penalty-free, with submissions due by March 22, 2024.
Tax Relief for American Families and Workers Act of 2024
On January 31, 2024 the House of Representatives passed the Tax Relief for American Families and Workers Act, providing business tax breaks and expanded child care credits. Learn if you should consider filing an extension for your 2023 individual and business tax return and consult with a professional tax advisor for evaluation.