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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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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Form 990: How a Nonprofit Can Survive an IRS Audit

"Death, taxes and childbirth! There's never any convenient time for any of them." (Margaret Mitchell, Gone ...
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California Competes Credit Offers an Incentive to Keep Businesses in the State

Are you looking to start a business in California or considering whether or not to keep your ...
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Abel Barragan Recognized as CalCPA YEP of the Year

Congratulations to Abel Barragan on being named...twice! Abel was named Young and Emerging Professional by the ...
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Electric Cars: Good for Your Tax Return!

In the beginning, the only purpose of the United States income tax was to raise revenue ...
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Santa Barbara Chamber Nominates BPW as Large Business of the Year

BPW is honored to have been nominated as Large Business of the Year by the Santa ...
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BPW Introduces New Online Bill Pay Service

Please welcome our new online bill pay service—gotoBilling! In our continued efforts to enhance our clients' experience, Bartlett, ...
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New Year…New Company? The Differences Between LLCs, C Corps and S Corps

As we continue making plans for the New Year, you may be looking at your business with a fresh eye and ...
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How Nonprofits Can Fight Fraud

Given the recent economic downturn, is it any wonder that fraud is a hot topic in ...
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IRS Allows $500 Carryover for Unused Healthcare FSAs

The IRS just announced a new exception to the longstanding "use or lose" rule for healthcare ...
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BPW Helps Spread Holiday Cheer at Junior League’s Festival of Trees

Santa Barbara, CA – BPW sponsored a Christmas tree at the first annual Festival of Trees to support ...
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Deducting Charity-Related Expenses

Most people are aware of deducting charitable contributions, but did you know that you may also ...
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