Latest Articles

April 9, 2021 

One of the business stories coming out of the last year is the dramatic growth of electronic supplier payments. In Q4, Nacha, National Automated Clearinghouse, reported a 15 percent year-over-year increase in B2B ACH payments.

April 9, 2021 

Is your firm one of the hundreds waiting for the issuance of a Public Company Accounting Oversight Board (PCAOB) inspection report? You are in good company as more firms join this group weekly. Since peaking at 344 inspection reports in 2011, the PCAOB’s pace for issuing inspection reports slowed to a trickle of only 46...…

April 9, 2021 

While nonprofits are navigating 2021 resiliency for their missions, internally, nonprofits and organizations are also preparing the reporting trail for a smooth PPP Loan Forgiveness process.

April 9, 2021 

Led by Managing Partners Chris Kirkland and Kevin Kelly, Legacy Capital Advisors serves a diverse client base ranging from retirees or soon-to-retire clients for whom income generation is key, to clients earlier in their investing cycle who often are ...

April 9, 2021 

The MSF also provides direct scholarships, in addition to its ongoing sponsorship of the COAP program. COAP is a three-decade-old program, pioneered by CPAs, reaching out to high school students throughout the state of New York. It introduces promising...

April 9, 2021 

Risk mitigation is a foundational concept in most business schools, MBA and Master of Accounting programs, yet as much as it’s drilled in the psyches of students and accountants alike, the reality is most businesses are woefully underprepared for risks. While 2020 may have given us a one in 100-year event, one only has to...…

April 9, 2021 

The Treasury Department and the Internal Revenue Service have issued Notice 2021-25 providing guidance under the Taxpayer Certainty and Disaster Relief Act of 2020. The Act added a temporary exception to the 50% limit on the amount that businesses may ...

April 9, 2021 

These leadership changes are part of a larger effort underway at the IRS to continue work on the Taxpayer First Act, which includes work to reimagine the agency’s tax administration and work to improve taxpayer service and enforcement.

April 9, 2021 

This year’s event will be hosted by award-winning documentarian, journalist, speaker, author, and philanthropist Soledad O’Brien, CEO of Soledad O’Brien Productions, and Scott McFarlane, co-founder and CEO of Avalara.

April 9, 2021 

If they receive unemployment compensation payments that are otherwise subject to U.S. income tax, they may be eligible to exclude up to $10,200 per person of unemployment compensation from U.S. income tax for 2020, following legislation that was...

April 8, 2021 

The failure to correctly pay employees as required by the Fair Labor Standards Act (FLSA), as well as similar state wage and hour laws, causes the most frequently filed style of lawsuits by employees against their employers.

Richard D. Alaniz, JD

April 8, 2021 

PBMares, LLP, a Top 100 accounting and consulting firm based in Newport News, VA, elected two new tax partners to the Firm. Ronald H. Pachino and Tracey Powell were each promoted to Partner, effective January 1, 2021.