Insights by Author: RSM US LLP

The Future of the SALT Cap: Ways You Can Prepare Now for Potential Scenarios

October 16, 2024

The SALT deduction’s future is uncertain ahead of its scheduled sunset at the end of 2025. Here’s how taxpayers can prepare for potential outcomes.

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California Suspends NOLs and Caps Credit Usage for Three Years

July 2, 2024

California’s FY25 budget includes billions from limiting net operating losses and tax credits, as well as the reversal of the Microsoft decision.

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IRS Releases 2024 Retirement Plan Limitations

November 6, 2023

Cost-of-living adjustments to retirement plan limits for 2024 have been issued by the IRS in Notice 2023-75.

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Revenue Recognition for Franchisors

September 15, 2023

In 2014, the FASB issued new revenue recognition guidance that replaces most pre-existing revenue recognition guidance, including industry-specific guidance, in U.S. GAAP.

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What does SECURE 2.0 mean for small employers?

March 20, 2023

SECURE 2.0 changes retirement plan rules for small employers with 100 or fewer employees.

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10 smart moves for real estate investors and operators at year’s end

November 17, 2022

As we close the books on 2022, RSM’s real estate senior analyst Scott Helberg shares 10 important year-end resolutions for real estate investors to consider

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Fed Raises Its Policy Rate by 75 Basis Points as It Prepares to Slow Pace of Hikes

November 2, 2022

The Federal Reserve increased its policy rate by 75 basis points on Wednesday to a range between 3.75% and 4% as it hinted at slowing the pace of its hikes.

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What Is an S-Corp Election?

October 27, 2022

Business owners often struggle with determining the optimal legal structure and tax treatment for their business. This video will explain an S-Corp tax election and how it may benefit you and your business.

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IRS Grants Failure to File Penalty Relief for 2019 and 2020 Returns

August 30, 2022

Executive Summary The IRS released Notice 2022-36 providing relief for certain taxpayers from certain failure to…

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The Price of War: Risks Around the Inflation Outlook

May 10, 2022

While we expect the annual inflation rate to peak this quarter as comparisons to the lower…

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2014 Year-End Tax Planning for Businesses

It is that time of year to start thinking about your year-end tax planning. Let's dive into a ...
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2014 Year-End Tax Planning for Individuals

It's hard to believe that we are getting towards the end of another year, but with ...
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Bonnie Zappacosta Receives 40 Under 40 Award

Congratulations to BPW's Marketing Manager, Bonnie Zappacosta, who was recently named one of the 2014 40 ...
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The Tax Reform Act of 2014’s Effect on Nonprofits

In early 2014, Dave Camp, U.S. Congressman and Chairman of the Ways and Means Committee, unveiled ...
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Phone Scams Continue

It is important to us at BPW to keep our clients and community apprised of not only important industry ...
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CA Partial Sales and Use Tax Exemption

As a way to encourage economic growth in California, a new tax law recently went into ...
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Targeted Partnership Allocations on the Rise

When working with partnership formation agreements for traditional partnerships and Limited Liability Companies, it has become ...
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The IC-DISC: How Your Foreign Sales Can Save You Tax

If your business exports goods that are made or grown in the United States or performs ...
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Regulations Released for Estate and Trust Deductions

The IRS has issued final regulations as to which costs incurred by non-grantor trusts and estates ...
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Converged Standard on Revenue Recognition Released by FASB and IASB

After many years of collaboration, the Financial Accounting Standards Board (FASB) and the International Accounting Standards ...
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A Major Change in the Rules of IRA Rollovers

With a recent ruling by the United States Tax Court (the Court), there is now a ...
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The Magic of AP Automation

Somewhere in an office not so far from here, there is a company that gets all their ...
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