The Future of the SALT Cap: Ways You Can Prepare Now for Potential Scenarios
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.
Read this Insight...
California Suspends NOLs and Caps Credit Usage for Three Years
California’s FY25 budget includes billions from limiting net operating losses and tax credits, as well as the reversal of the Microsoft decision.
Read this Insight...
IRS releases 2024 retirement plan limitations
Cost-of-living adjustments to retirement plan limits for 2024 have been issued by the IRS in Notice 2023-75.
Read this Insight...
Revenue recognition for franchisors
In May 2014, the FASB issued new revenue recognition guidance that replaces most pre-existing revenue recognition guidance, including industry-specific guidance, in U.S. GAAP.
Read this Insight...
What does SECURE 2.0 mean for small employers?
SECURE 2.0 changes retirement plan rules for small employers with 100 or fewer employees.
Read this Insight...
What Is an S-Corp Election?
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.
Read this Insight...
IRS Grants Failure to File Penalty Relief for 2019 and 2020 Returns
Executive Summary The IRS released Notice 2022-36 providing relief for certain taxpayers from certain failure to…
Read this Insight...
The Price of War: Risks Around the Inflation Outlook
While we expect the annual inflation rate to peak this quarter as comparisons to the lower…
Read this Insight...
Congress Open to Considering a Pause on Automated Tax Notices
National Taxpayer Advocate, Erin Collins, recommends the IRS pause automated collection notices. Congress may consider the recommendation.
Read this Insight...
Tax Policy Update: How the Build Back Better Act Affects Individuals
RSM’s policy and national tax teams give insight on how the Build Back Better Act will affect family offices and higher income individuals.
Read this Insight...
2022 Year-End Tax Planning for Individuals
2022 Year-End Tax Planning for Businesses
What Is an S-Corp Election?
Accounting Today Names BPW a ‘2022 Best Midsized Firm to Work For’ 10 Years Running
The Inflation Reduction Act and What It Means for You
Crystal A. Knepler Named Partner
IRS Grants Failure to File Penalty Relief for 2019 and 2020 Returns
IRS Extends Time to Make Portability Election
Gifts-in-Kind: New Reporting Requirements for Nonprofits
The Price of War: Risks Around the Inflation Outlook
A Fresh Look at Retirement Withdrawal Rules
