Business Tax Archives

Tax framework agreement sets direction for potential business and individual tax relief

By RSM US LLP | January 19, 2024

Section 174 expensing, a return to EBITDA for section 163(j), an extension of 100% bonus depreciation and disaster relief paid for by ending Employee Retention Credits (ERC)

IRS will use AI to help target partnerships and high net worth individuals

By RSM US LLP | December 8, 2023

The IRS announced a sweeping enforcement effort that will engage AI to focus on large partnerships and wealthy individuals.

Pass-through entity elections are here to stay: What you need to know

By RSM US LLP | June 16, 2023

Pass-through entity elections are creating tax planning complexity. This article explains what you need to know and what you should do next.

Washington Supreme Court upholds capital gains tax

By RSM US LLP | March 27, 2023

The Washington Supreme Court has held that the state’s capital gains tax is constitutional.

Section 83(b) considerations for employees receiving stock compensation

By RSM US LLP | March 26, 2023

When employers pay employees with property or stock, rather than cash, special rules under section 83 apply.

Required minimum distributions after SECURE 2.0

By RSM US LLP | February 20, 2023

SECURE 2.0 changes the rules governing how and when certain retirement savers can withdraw money from their retirement accounts and IRAs.

Retirement plan changes for long-term, part-time employees

By RSM US LLP | February 20, 2023

SECURE 2.0 changes the rules for how long-term, part-time employees are treated for purposes of 401(k) and 403(b) retirement plans.

Cautionary tale: Owner personally liable for sales tax

By RSM US LLP | January 30, 2023

A New York administrative law judge found an owner to be a responsible person and personally liable for unpaid sales and use taxes.

Tax withholding for equity compensation

By RSM US LLP | December 2, 2022

Employment and income tax withholding rules for equity compensation

Frequently asked questions about stock appreciation rights

By RSM US LLP | November 19, 2022

Stock appreciation rights are an equity-based compensation device intended to incentivize key employees.

IRS makes statements on CARES Act Employee Retention Tax Credit risks

By RSM US LLP | October 31, 2022

On Oct. 19, 2022 the IRS issued a news release warning employers to be wary of third parties who have ramped up campaigns to try and get employers to claim the CARES Act Employee Retention Tax Credit (ERTC) when they may not actually qualify.

Avoid these common pitfalls when establishing a retirement plan

By RSM US LLP | September 28, 2022

When establishing a retirement plan, be sure to avoid common missteps when setting up your company’s retirement plan.

Inflation Reduction Act: What $80 billion in IRS funding means for taxpayers

By RSM US LLP | August 11, 2022

The Inflation Reduction Act of 2022 provides significant funding for the IRS over the next 10 years. The IRS is expected to use over half the funds for enforcement. Taxpayers can also expect to see an increase in taxpayer services.

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Tax framework agreement sets direction for potential business and individual tax relief

IRS will use AI to help target partnerships and high net worth individuals

Pass-through entity elections are here to stay: What you need to know

Washington Supreme Court upholds capital gains tax

Section 83(b) considerations for employees receiving stock compensation

Required minimum distributions after SECURE 2.0

Retirement plan changes for long-term, part-time employees

Cautionary tale: Owner personally liable for sales tax

Tax withholding for equity compensation

Frequently asked questions about stock appreciation rights

IRS makes statements on CARES Act Employee Retention Tax Credit risks

Avoid these common pitfalls when establishing a retirement plan

Inflation Reduction Act: What $80 billion in IRS funding means for taxpayers