Government Contracting Basics: Pros and Cons of Doing Business with the Government
If you're thinking about pursuing government contracts, it's important that you weigh the pros and cons carefully to make an informed decision.
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.
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.
Congress open to considering a pause on automated tax notices
National Taxpayer Advocate, Erin Collins, recommends the IRS pause automated collection notices. Congress may consider the recommendation.
Navigating Nonprofit Labor Shortages: Strategies and Opportunities
Labor shortages are hitting nonprofits harder than most industries. Strategies to address this challenge don’t have to include higher wages; there are several other potential options, like culture, recruiting, contract workers, tax credits, and more.
PBMares Names Five New Partners
PBMares, LLP announces the election of five new partners to the Firm. Jennifer L. Bonsiewich, Lynn M. Eller, Shawn Middleton, Ryan B. Paul, and Jon-Michael “Jonny” Rosch were promoted to Partner, effective January 1, 2022.
Keep Your Labor Rate Compliant and Competitive!
The standard calculation of a proposed hourly rate for an exempt salary employee encompasses dividing the individual’s salary by the standard 2,080 work hours per year. However, there is a way you can make your hourly rate more competitive and FAR compliant at the same time.
Watch for New Letters from the IRS — and Keep Them!
The IRS is sending taxpayers new letters about the 2021 Economic Impact Payments and Advanced Child Tax Credit payments. The letters contain information necessary for calculating your tax refund correctly.
Excess Real Estate Losses Could be Permanently Eliminated in Build Back Better Act
The Build Back Better Act contains a lesser-known tax proposal to permanently eliminate certain excess business losses. Especially for rental real estate owners, the effect is potentially substantial.
Latest Edition of Clubs in Town & Country Reveals Club Trends
Download our 2021 benchmarking report which reveals future trends impacting country and city clubs including club revenue, expenses and cybersecurity issues.