Insights & News
What Papers do You Need to Save?
Sometimes it feels good to get rid of clutter, especially this time of year when the…
Read more →
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 more →
DOL Reveals Key Change for Tipped Workers
Employees in occupations where gratuities are common, such as restaurant waitstaff, have long fallen into a…
Read more →
IRS Clarifies Temporary Deductibility of Per Diem Meal Expenses
The IRS issued Notice 2021-63, clarifying previous guidance pertaining to the deductibility of food and beverages provided by a restaurant.
Read more →
Section 174 Research Deduction Changes for 2022
Have you been deducting your R&D expenses as they occur? Starting in the new year, that…
Read more →
Year-End Tax Planning for Individuals
As we near the end of another turbulent year, it’s time to discuss the steps you…
Read more →
Year-End Tax Planning for Businesses
2021 brought a wave of new tax changes for businesses, and 2022 could bring yet another…
Read more →
SAS 136: Preparation before year end
As previously communicated, Statement on Auditing Standards (SAS) 136, Forming an Opinion and Reporting on Financial…
Read more →
On Your Mark, Small Businesses: Get Set to Reserve the 2021 Main Street Hiring Credit
The Main Street Hiring Credit has been reenacted for 2021, bringing financial relief to small businesses…
Read more →
What To Know About the New Lease Accounting Standard
Every day that passes marks less time for private companies to get ready for ASC 842,…
Read more →
Credit for Other Dependents: A CTC Alternative
The IRS is reminding families about the Credit for Other Dependents, a tax credit available to taxpayers for…
Read more →
Document Management and Recordkeeping for Nonprofits
If you work for a nonprofit that’s funded by grants or donations, you need to keep…
Read more →