Insights and Resources

Quarterly accounting webcast series 2021

Quarterly accounting webcast series 2021

Each quarter, RSM's accounting thought leaders update middle market businesses on recently issued and proposed accounting guidance.
Texas issues revised franchise tax sourcing rules

Texas issues revised franchise tax sourcing rules

The Texas Comptroller of Public Accounts has finalized revised rules making significant changes to franchise tax apportionment.
New section 199A guidance may affect taxpayers with short tax years

New section 199A guidance may affect taxpayers with short tax years

IRS modifies guidance on wages that are includible when computing section 199A deduction for taxpayers with short tax years.
California’s Hospital Diversity Act: Assembly Bill 962

California’s Hospital Diversity Act: Assembly Bill 962

The Employee Retention Tax Credit was significantly expanded by the federal relief and stimulus package finalized Dec. 27, 2020.
The value of proactive family office cybersecurity assessments

The value of proactive family office cybersecurity assessments

Managing the risk of business email compromise and other cyberattacks through proactive family office cybersecurity assessment.
Navigating the REIT asset tests

Navigating the REIT asset tests

Despite their competitive tax advantage, REITs are subject to a complex set of compliance rules which include quarterly asset tests.
President Biden’s tax plan

President Biden’s tax plan

Taxpayers should familiarize with Biden’s plan, remain vigilant for developments and position themselves to act at the appropriate times.
PPP forgiveness and expenses: State tax implications

PPP forgiveness and expenses: State tax implications

States may not allow the gross income tax exclusion provided by the federal program, resulting in taxable discharge of indebtedness income.
Final regulations address deductibility of fines and penalties

Final regulations address deductibility of fines and penalties

Final regulations provide guidance related to deducting fines and penalties and related information reporting requirements.
Excess compensation paid by exempt organizations final regs. released

Excess compensation paid by exempt organizations final regs. released

Section 4960 final rules generally adopt the proposed regulations with some minor, taxpayer favorable modifications.
San Francisco business taxes in 2021: What you need to know

San Francisco business taxes in 2021: What you need to know

Businesses with San Francisco activity should be prepared to understand a number of recent changes and updates to city tax law.
IRS releases final 199A regulations for co-ops and their patrons

IRS releases final 199A regulations for co-ops and their patrons

Final regulations on the section 199A deduction and the DPAD for certain specified co-ops closely mirror guidance in proposed regulations.

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