PBMares Accounting Blog

Consolidations Clarification ASU 2017-02

Eliminating the Concept of Extraordinary Items

Trump Tax Reform Plan: How It May Affect You and Your Company

State and Local Tax Compliance: What Government Contractors Need to Know

The Equifax Data Breach: Protect You and Your Company from Identity Theft

How to Recreate the Country and City Club Lifestyle

Renting Dorm Rooms for Additional Funding

Now Is the Time to Pay Back Taxes to Virginia!

Do 401(k) Deposit Classifications Really Matter?

Look-Back Interest on Long-Term Construction Contracts

When Do I Need a HIPAA Business Associate Agreement?

Identifying Unallowable Costs – Executive Compensation

Virginia Enterprise Zones: Are You in the Zone?

10 Signs It May Be Time to Shop for a New Auditor

Labor Floor Checks and Labor Interviews – Labor Recording Up Close and Personal

"Hi! I’m From DCAA and I’m Here to..."

Women and City Clubs – Out with the old and in with the new

Changes to Virginia Sales Tax effective as of July 1, 2017

You don’t have to take business insurance costs sitting down

Which is better – pre-tax 401(k) or after-tax Roth contributions?

It’s Not What You Think: Food and Beverage is an Amenity

Does Your Charitable Contribution Qualify for a Deduction?

Fine-tuning your company’s compensation strategy

Business owners: Put your successor in a position to succeed

Seasonal business? Optimize your operating cycle

Subcontracting Primer – Team Work and Due Diligence Pays Off

When are activities of a nonprofit subject to income taxes?

How A Polo Shirt Can Help Drive Your Club’s Bottom Line

Does Your Gov Con Have a Policies and Procedures Road Map?

Public Student Loan Forgiveness - A Great Way to Attract Employees to a Not-For-Profit

Could stronger governance benefit your business?

President Trump’s Proposed Budget Could Impact Your Nonprofit

Six Strategies For Your Tax Playbook

Turning next year’s tax refund into cash in your pocket now

Real estate investor vs. professional: Why it matters

What really motivates nonprofit donors

Private Clubs: The Pressure Is On To Raise Dues

Executive Order Changes For the IRS Will Enforce Political Speech Made by 501(c)(3)s

Nonprofits: Don’t gamble with gaming fundraisers

Operating across state lines presents tax risks — or possibly rewards

TDR Accounting: How to get it right

Labor Floor Checks and Labor Interviews – Labor Recording Up Close and Personal

Does your nonprofit’s board understand its fiduciary duties?

Engage your nonprofit’s supporters with social listening

Still filing a paper tax return? Be sure you know the “timely mailed = timely filed” rule.

Plan’s Interest in a Master Trust - Disclosure Requirements

Identifying Unallowable Costs – Marketing vs. Direct Selling Expenses

Simple ways to improve your nonprofit’s cash flow

Are you eligible for the American Opportunity Credit?

Insider Threat Program Implementation

Goodwill Impairment – Simplified

Changes to Not-for-Profit Revenue Recognition

Federal Acquisition Regulation on the best seller list?

Does your nonprofit need to register in multiple states?

Costs Related to Extraordinary Reviews of Unsettled Overhead Costs

Why nonprofits need continuity plans

Income Distribution – Deciding How to Split the Pie

The Sandwich Generation – taking a bite out of the burden

Interested in Becoming a Small Business Government Contractor?  Find Out if You Qualify, Then Apply

Tangible property safe harbors help maximize deductions

Do you need to file a 2016 gift tax return by April 18?

Make sure your nonprofit’s bylaws are on point

Whistleblower policies protect nonprofit staffers — and their employers

New Item on the Vacation Planner - Pay Taxes

What to do if your nonprofit receives an IRS audit letter

What your nonprofit can learn from for-profit businesses

Executive Order Delays Implementation of DOL Fiduciary Rule Regulations

The “manufacturers’ deduction” isn’t just for manufacturers

Independent Research and Development Cost Allowability

Increasing The Standard Deduction Will Decrease Charitable Giving

Can I use the retirement plan to reimburse for stolen company funds?

Put email list segmentation to work for your nonprofit

The investment interest expense deduction: Less beneficial than you might think

U.S. Employers Are Required To Be Form I-9 Compliant

Contract Termination for Convenience – A Coming Reality?

Contract Briefs – What are they and why they are important?

On the Road to Increasing the Recovery of Travel Expenses

2017 Q1 tax calendar: Key deadlines for businesses and other employers

How to find an investment manager for your nonprofit’s portfolio

What is a 401(k) match “true up” and why must I do it?

New Year’s Resolution: Create a Financial Plan

In the Spirit of Giving

How nonprofits can treat "Founder's Syndrome"

Watch Your SALT!

CyberSecurity 2017 – A Look Ahead

Vendor Management - A Due Diligence Requirement for Credit Unions

Your nonprofit needs an investment policy

Roth 401(k) conversions may suit your Millennial employees

Ensure your year-end donations will be deductible on your 2016 return

It’s critical to be aware of the tax rules surrounding your NQDC plan

There’s still time to set up a retirement plan for 2016

Risk is the one element that lurks in the background of all businesses

Retirement and Late 401(k) Deposits Are a Big Deal

There’s still time to benefit on your 2016 tax bill by buying business assets

Is your Not-for-Profit involved in #GivingTuesday this year?

Many Questions Remain After International Banking Heist

DOL Overtime Rule Blocked

Is Your Non-Profit Prepared For The Growing Digital Threat?

4 ways to encourage nonprofit donors to make unrestricted gifts

A brief overview of the President-elect’s tax plan for individuals

Nonprofits need a strategic fundraising plan

Nonprofit Reporting of Expense Allocations

A quick look at the President-elect’s tax plan for businesses

The Basics of Temporarily Restricted Contributions

Keep your nonprofit’s board meetings on time and productive

Beware of income-based limits on itemized deductions and personal exemptions

Wrapping up your nonprofit’s gift acceptance policy

What the self-employed need to know about employment taxes

Consistency! Consistency! Consistency! Are you consistently consistent?

4 ways to influence the public perception of your nonprofit

Employers: January 2017 Is Busier Than Ever With New Due Dates

Top 7 Tips to Keep Your Company’s House from “Hauntings”

What Is In The Cards for 2017 Budgets and Are You Ready?

Why nonprofits should be careful about doing business with board members

Want To Save More Than your 401(k) Will Allow?

Strategically Planning Your Organization’s Future Through Board Development

The New DOL Fiduciary Rule – What Plan Sponsors Need to Know!

Form of Practice Considerations

Micro-donations make donating to charity doable

Get 2 tax benefits from 1 donation: Give appreciated stock instead of cash

D&O insurance allows your board to do good, safely

The Risk of Fraud – A Product of Today’s Competitive Market Place

Explaining the New FLSA Overtime Rule

The Difference between Probate and Non-probate Assets (And why it Matters)

Documentation is the key to business expense deductions

FASB Throws a Curveball With Simplification

Basic Government Cost Accounting Compliance Requirements

Navigating the Political Landscape – Lobbying Rules for Not-for-Profit Organizations

Starting the Estate Planning Conversation

Business Tool for Success - Indirect Expense/Overhead Rate Structures

Time for a nonprofit internal controls check-up

Certain Construction Activities Qualify for 9% Tax Deduction

Company Retirement Plans Made Easier – Ask Anna

Now’s the time to start thinking about “bunching” — miscellaneous itemized deductions, that is

Lessees: Are You Prepared to Recognize Assets and Liabilities for Almost All Your Leases?

The Top 10 Habits to Keep your Medical Practice in Good Financial Shape

Heavy Highway Vehicle Use Tax Return– Due August 31, 2016

3 strategies for tax-smart giving

Accounting for Gift Certificates

Getting The Grant: How Nonprofits Can Write a Winning Proposal

Amp Up Your Nonprofit’s Fundraising Efforts With a Sustainer Program

Build a Better Nonprofit Audit Committee

Fraud Disclosure Requirements on Form 990

10 Things You Should Know About Form 990

So Long SEP

Retaining volunteers: 4 tips for nonprofits

Not-For-Profit Financial Reporting Standards Are About To Change

Save Money on Catered Events in Virginia

Nonprofit fraud isn’t worse — but it’s different

Awards of RSUs can provide tax deferral opportunity

IT Risks and Cybersecurity for Not-for-Profits

Contributed Use of Land and Facilities

Turning nonprofit board members into fundraisers

2016 Cybersecurity Threat Report

Is your nonprofit making these 5 accounting mistakes?

Navigating Long-Term Contract Tax Reporting Options

Reducing risk associated with nonprofit volunteers

3 things for nonprofits to consider when valuing donated property

How many employees does your business have for ACA purposes?

Should you “sponsor” another nonprofit?

2016 – Trends to Watch for in Cybersecurity

The Overtime Rule and Its Impact on You as an Employer

Top 10 Tax Opportunities for Virginia Businesses

Accounting Standards Update 2014-09 and Construction Contractors – What You Need to Know

The PATH Act Changes W2 and 1099-Misc Filing Deadlines

Nonprofit Fundraising: How to Engage and Encourage Your Board Members

Making the most of your nonprofit’s program budget

New Malware Could Be Stealing Your Money Right Now

Unexpected retirement plan disqualification can trigger serious tax problems

Nonprofits: Good timekeeping is always worth your while

Why it’s time to start tax planning for 2016

Tips for deducting losses from a disaster, fire or theft

Know Before You Bid in Another State

Three Income-Tax-Smart Gifting Strategies

Nonprofit CEO Compensation: Attract the Best without Attracting Criticism

Make a 2015 Contribution to an IRA before Time Runs Out

Benefit Plans Administration and Compliance

Entrepreneurs: What can you deduct and when?

Two Benefits-Related Tax Credits Just for Small Businesses

What’s your charitable donation deduction?

How to max out education-related tax breaks

Contract Changes in Today’s Contracting Environment

UBIT - Fairs as Fundraisers

Extension means businesses can take bonus depreciation on their 2015 returns—but should they?

File early to avoid tax identity theft

Why investing in small-business stock may make more tax sense than ever

2 extended credits can save businesses taxes on their 2015 returns

No changes to retirement plan contributions for 2016

SSARS 21: A new engagement reality

Not-for-Profit Accounting Standards Update

Golf Course Conservation Easements Double-Bogey in Tax Court

Protect your deduction: Verify that a charity is eligible to receive tax-deductible contributions before you donate

Avoid a 50% penalty: Take retirement plan RMDs by December 31

PTO contribution arrangements can help prevent the year-end vacation-time scramble

Reduce taxes on your investments with these year-end strategies

The 529 savings plan: A tax-smart way to fund college expenses

Save tax — or at least defer it — by carefully timing business income and expenses

2 tax consequences to consider if you’re refinancing a home

Should you “bunch” medical expenses into 2015?

Selling rather than trading in business vehicles can save tax

FASB Proposed Changes to Not-for-Profit Financial Statement Presentation—Get the Slides

Why you should contribute more to your 401(k) in 2015

How to determine if you need to worry about estate taxes

When will Congress pass “extenders” legislation to revive expired tax breaks for 2015?

The Clock's Ticking: Run Now To Restate

Affordable Care Update

Nonprofit Financial Risk Management—Get the Slides

Exporters and Others: Save Taxes with an IC-DISC

Keep Financial Statements Simple

Facing an Unexpected Bill for the Additional 0.9% Medicare Tax?

Not-for-Profits: Help Shape the New Financial Statements

Married With a Large Estate? Why You Still Need A Credit Shelter Trust

Rules of Engagement: Dealing With External Auditors

How to Lessen the Sting if You Have a Business Bad Debt

Get to Know the Difference Between Your HSA and Insurance or Flexible Spending Accounts

What Will the Neighbors Think?

Opening the “Back Door” to a Roth IRA

How Not-for-Profits Can Make Pledge Forms More Transparent

Have A Teen with A Summer Job? Set Up an IRA for Them!

Tax Treatment of NQSOs Differs from that of Their Better-Known Counterpart

Interest Rate Risk - Asset Liability Management for Credit Unions | Webinar

Tax Impact of the Supreme Court’s Same-sex Marriage Decision

Large Employers: Time to Start Planning for ACA Information Reporting

What You Should Do With An Identity Verification Letter From The IRS

Not-for-Profits: Help Shape the New Financial Statements Impacting YOUR Organization

Before Donating a Vehicle, Find Out the Charity’s Intent

Watch Out for Tax Consequences When Hiring Telecommuters Outside Your State

Trust When It Really Matters. Retirement Plan Fiduciary Responsibility: Investment Policy Statement

Cybersecurity for Not-for-Profits

Creating Your Information Security Response Program: Cyber Security Edition

Join Us for Our June 24th Webinar: "Tackling the Key Issues Facing Not-for-Profit Organizations"

Sean O'Connell Named Chairman of Mount Vernon-Lee Chamber of Commerce

Establishing A Well Managed Network: Cyber Security Edition

Expect to be paying elementary or secondary school costs in the future? Consider an ESA

Kevin Reilly of PBMares Elected Treasurer of the National Club Association

You’re a real estate investor, but are you a “professional”?

How To Protect Your Small Business: Cyber Security Edition

What To Do If Your Small Business Experiences a Breach: Cyber Security Edition

100% deduction for certain M&E expenses!

Tax Status: The Grass Is Not Always Greener

Got ISOs? You Need to Understand Their Tax Treatment

Top 5 Reasons Your Small Business Is Vulnerable: Cyber Security Edition

Now’s the Time to Begin Your 2015 Tax Planning

Why A Private Club Is Not A Restaurant or Why Are We Still Talking About This?

Still Filing a Paper Return? Be Sure You Understand The “Timely Mailed = Timely Filed” Rule

A Net Operating Loss On Your 2014 Tax Return Isn’t All Bad News

Ready or Not, Here Comes the New Single Audit

Yes, There’s Still Time to Make a 2014 IRA Contribution!

Register Today: Upcoming CPE - Advanced Forensic Accounting

Do You Need to File a 2014 Gift Tax Return by April 15?

Taking Advantage of Tangible Property Safe Harbors

Want to Know Which Deduction Can Really Benefit You on Your 2014 Tax Return?

PBMares, LLP and TMDG, LLC Announce Merger Enhancing Specialty Focus Practice Area

Best Practices for Employee Benefit Plan Audits. Find Out Now!

Perfect Timing: Timely Remittance for Employee Benefit Plans

3 Simple Steps to Better Not-for-Profit Financial Statement Results

Tangible Property Regulations (TARS): Get to Know the New Rules

PBMares Names Three New Partners

What Everybody Ought To Know About The New Tax Increase Prevention Act

Fiduciary Responsibility: An Expectation of Trust

How 401(k) Plan Check-Ups Help Plan Sponsors Maintain Compliance 2014

Best-of-Breed Full Benefit Cloud Computing

Stop the Violence, Start the Healing a 5K Walk/Run

Newport News Office Collects Back to School Supplies

PBMares Named 2014 Top 200 Accounting Firm

4 Things You Should Know About Troubled Debt Restructuring