President Biden’s proposed changes to corporate and international taxes face Congressional obstacles. RSM examines what’s ahead.
We anticipate the relative stability and moderate growth that characterized the decade long recovery from the Great Recession.
PPP extension clears Senate. Program to be extended to May 31, with 30 days provided after May 31 for SBA to process pending applications.
Managing significant tax changes will ensure individuals and businesses are positioned for success for the remainder of 2021 and beyond.
The American Rescue Plan Act will provide a robust tailwind to the domestic economy as it recovers from the pandemic.
$1.9 trillion COVID-19 relief plan with broad individual relief and new coronavirus-related funding enacted into law.
From retroactivity to loss of planning techniques, this year we face a unique set of concerns when considering gift and estate planning.
Notice 2021-20 clarifies retroactive changes made to ERTC and PPP interaction and incorporates several previous frequently asked questions.
Experts expect more cryptocurrency-related crimes, and the regulatory and enforcement environment is evolving in an attempt to keep pace.
The Employee Retention Credit provides liquidity benefits for many businesses and was significantly expanded for 2020 and 2021.
Stimulus legislation extends through 2021 the 100% of AGI deduction for itemizers and availability of a deduction for non-itemizers.
Colorado enacts law restoring certain deductions related the to the CARES Act for both business and individual taxpayers.
Employers can add flexibility to their health flexible spending accounts and dependent care assistance programs per Notice 2021-15.
States may not allow the gross income tax exclusion provided by the federal program, resulting in taxable discharge of indebtedness income.
Taxpayers should familiarize with Biden’s plan, remain vigilant for developments and position themselves to act at the appropriate times.
Final regulations on the section 199A deduction and the DPAD for certain specified co-ops closely mirror guidance in proposed regulations.