Insights & News

Congress Open to Considering a Pause on Automated Tax Notices

By RSM US LLP | January 19, 2022

National Taxpayer Advocate, Erin Collins, recommends the IRS pause automated collection notices. Congress may consider the recommendation.

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IRS Announces 2022 Limits for Retirement Plans

By BPW | January 6, 2022

The IRS has announced the new retirement plan numbers for 2022.Retirement limits for 401(k) and similar…

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What Papers do You Need to Save?

By BPW | December 17, 2021

Sometimes it feels good to get rid of clutter, especially this time of year when the…

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Tax Policy Update: How the Build Back Better Act Affects Individuals

By RSM US LLP | December 14, 2021

RSM’s policy and national tax teams give insight on how the Build Back Better Act will affect family offices and higher income individuals.

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DOL Reveals Key Change for Tipped Workers

By BPW | December 7, 2021

Employees in occupations where gratuities are common, such as restaurant waitstaff, have long fallen into a…

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IRS Clarifies Temporary Deductibility of Per Diem Meal Expenses

By RSM US LLP | November 29, 2021

The IRS issued Notice 2021-63, clarifying previous guidance pertaining to the deductibility of food and beverages provided by a restaurant.

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Section 174 Research Deduction Changes for 2022

By Devin Witt | November 19, 2021

Have you been deducting your R&D expenses as they occur? Starting in the new year, that…

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Year-End Tax Planning for Individuals

By Bridget Foreman, CPA | November 15, 2021

As we near the end of another turbulent year, it’s time to discuss the steps you…

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Year-End Tax Planning for Businesses

By Jacob Sheffield, CPA, MST | November 15, 2021

2021 brought a wave of new tax changes for businesses, and 2022 could bring yet another…

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SAS 136: Preparation before year end

By RSM US LLP | November 12, 2021

As previously communicated, Statement on Auditing Standards (SAS) 136, Forming an Opinion and Reporting on Financial…

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On Your Mark, Small Businesses: Get Set to Reserve the 2021 Main Street Hiring Credit

By Jacob Sheffield, CPA, MST | October 28, 2021

The Main Street Hiring Credit has been reenacted for 2021, bringing financial relief to small businesses…

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What To Know About the New Lease Accounting Standard

By BPW | October 7, 2021

Every day that passes marks less time for private companies to get ready for ASC 842,…

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