The PBMGroup, Inc.

The PBMGroup, Inc. Our firm provides outstanding service to our clients because of our dedication to professionalism and quality. Saving you time and money. We can service you.

The PBMGroup is a Full Service Tax, Accounting, Payroll and Business Management Firm. We can handle all types of Tax Preparation for Individuals, Partnerships and Corporations. Don't have time to manage your books, let us handle your monthly bookeeping and Payroll functions. We also handle full Business and Personal Financial Management for Entertainers and Sole Proprietors. All our services can b

e tailored to fit your specific needs. And with today's technology it doesn't matter what state you're in. Give us a call today. You'll be glad you did.

Does your business provide relocation benefits for employees? Under current tax law, employers can deduct payments to em...
12/19/2025

Does your business provide relocation benefits for employees? Under current tax law, employers can deduct payments to employees for relocation costs, such as moving services, storage expenses and transportation. But these amounts are generally taxable to employees, except for active-duty military personnel. That means employers are required to include relocation benefits in the employee’s gross income and withhold and pay applicable payroll taxes on the payments. 2025 legislation made this tax law provision permanent, but it added another exception for “intelligence community members” that starts in 2026. Contact us if you have questions.

Severe weather and other threats to a business’s ability to operate can occur at any time. Although you can’t foresee ev...
12/17/2025

Severe weather and other threats to a business’s ability to operate can occur at any time. Although you can’t foresee every disaster, you can put together a comprehensive business continuity plan that addresses most potential threats. If you don’t have a plan in place, implement basic protections immediately, such as an evacuation strategy and insurance. But, from there, take your time to get it right. Contact us at (888) 870-7264 for help identifying and managing the costs associated with a business continuity plan.

If you own a life insurance policy, a portion of its proceeds could be lost to estate tax if your estate exceeds the gif...
12/15/2025

If you own a life insurance policy, a portion of its proceeds could be lost to estate tax if your estate exceeds the gift and estate tax exemption amount. If you don’t own the policy, the proceeds won’t be included in your taxable estate. Using an irrevocable life insurance trust (ILIT) can keep life insurance policies out of your estate. An ILIT owns one or more policies on your life, and it manages and distributes policy proceeds according to your wishes. You aren’t allowed to retain any powers over the policy, such as the right to change the beneficiary. Contact us at (888) 870-7264 for details.

The new tax law introduced deductions for qualified tips and qualified overtime compensation. Specifically, for 2025 thr...
12/12/2025

The new tax law introduced deductions for qualified tips and qualified overtime compensation. Specifically, for 2025 through 2028, it creates a deduction of up to $25,000 for tips income in certain industries. It also creates a deduction of up to $12,500 ($25,000 for joint filers) for qualified overtime pay. Because employers and payors may not yet have adequate procedures to comply with the new rules, the IRS has designated 2025 as a transition period and is providing penalty relief. Notice 2025-62 offers relief to employers and payors for not filing correct information returns and not providing correct payee statements to employees and other payees. For more information, call us at (888) 870-7264.

The chart of accounts is the foundation of a company’s bookkeeping. It organizes every dollar that comes in or goes out....
12/10/2025

The chart of accounts is the foundation of a company’s bookkeeping. It organizes every dollar that comes in or goes out. But if your chart is cluttered, inconsistent or poorly structured, your financial reports will be, too. Clear account groupings, consistent labels and alignment with your reporting goals are essential for meaningful financial insights. Contact us at (888) 870-7264 to help design a chart of accounts tailored to your business. We’ll make it detailed enough to guide decision-making, but simple enough to stay manageable.

With major tax law changes taking effect this year and next, tax planning is more important than ever. Don’t wait to tal...
12/08/2025

With major tax law changes taking effect this year and next, tax planning is more important than ever. Don’t wait to talk with us until it’s time to prepare your tax return! Let’s review your situation, find opportunities and boost your tax confidence now. Call us at (888) 870-7264.

The Social Security Administration said that Social Security benefits for 2026, including Old-Age, Survivors, and Disabi...
12/05/2025

The Social Security Administration said that Social Security benefits for 2026, including Old-Age, Survivors, and Disability Insurance (OASDI), and Supplemental Security Income (SSI) payments, will increase 2.8%. These changes reflect cost-of-living adjustments based on inflation. Social Security retirement benefits will increase by about $56 per month on average starting in January. Increased payments to SSI recipients will begin on Dec. 31, 2025. (Note: Some people receive both Social Security benefits and SSI.) The maximum earnings subject to Social Security tax (the so-called “wage base”) will increase $8,400, from $176,100 to $184,500. Have questions about the Social Security tax? Call us at (888) 870-7264.

Starting in 2026, tax law changes could increase the risk of getting hit by the alternative minimum tax (AMT). This is e...
12/03/2025

Starting in 2026, tax law changes could increase the risk of getting hit by the alternative minimum tax (AMT). This is especially true for high earners. At least some income-based phaseout thresholds for the AMT exemption will drop, and the exemptions will be phased out twice as fast as in 2025. Add to that the impact of larger state and local tax deductions (which aren’t AMT-deductible), and more taxpayers could face the AMT. Call us at (888) 870-7264 for help assessing your risk and finding strategies you can implement now to minimize your taxes.

Running a business is challenging. Managing the finances of your business doesn’t have to be. From bookkeeping and accou...
12/01/2025

Running a business is challenging. Managing the finances of your business doesn’t have to be. From bookkeeping and accounting to tax planning and business advisory, we provide comprehensive services designed to keep your business on track and winning. Let us handle the numbers so you can focus on what matters most: operating a profitable business. Contact us at (888) 870-7264.

The IRS has issued transitional guidance to auto lenders required to report certain vehicle loan interest for 2025. Unde...
11/28/2025

The IRS has issued transitional guidance to auto lenders required to report certain vehicle loan interest for 2025. Under the tax legislation signed into law in July, interest on qualified passenger vehicle loans originated after Dec. 31, 2024, generally is deductible up to $10,000. Lenders must provide eligible taxpayers with the appropriate information to claim the deduction on their 2025 tax returns. According to the guidance, the IRS will consider that lenders have met their reporting obligations for interest received on a qualified vehicle loan in 2025 if they make statements available to buyers indicating the total amount of interest received. To learn more about the new vehicle loan interest deduction, contact us at (888) 870-7264.

A qualified personal residence trust (QPRT) allows you to give your home to your children today while enjoying the right...
11/26/2025

A qualified personal residence trust (QPRT) allows you to give your home to your children today while enjoying the right to live there for a set number of years. The home is removed from your taxable estate at a reduced value for gift tax purposes (provided you survive the trust’s term). At the end of the term, your beneficiaries own the home. You may continue to live there beyond the end of the term if the trustees or owners agree and you pay fair market rent. Contact us at (888) 870-7264 with questions about QPRTs or other estate planning ideas for reducing taxes.

Navigating tax law can be complex. But you don’t have to do it alone. Whether you’re filing as an individual taxpayer or...
11/24/2025

Navigating tax law can be complex. But you don’t have to do it alone. Whether you’re filing as an individual taxpayer or running a business, we can provide solutions tailored to you. Contact us at (888) 870-7264 for help ensuring tax compliance and maximizing tax savings.

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Millersville, MD
21108

Opening Hours

Monday 10am - 4pm
Tuesday 10am - 4pm
Wednesday 10am - 4pm
Thursday 10am - 4pm
Friday 10am - 4pm

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