Insights & News
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 more →IRS Announces 2022 Limits for Retirement Plans
The IRS has announced the new retirement plan numbers for 2022.Retirement limits for 401(k) and similar…
Read more →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,…
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