Details of President Biden's proposals for prioritizing clean energy and its potential effect on the consumer products industry
A summary of important updates for determining deferred tax provision under ASC 740 for the quarter ending June 30, 2021.
Trio of tax bills impact individual and business filers with significant corporate income tax changes scheduled for 2022.
Nebraska broadly exempts manufacturing inputs used by ethyl alcohol producers from the sales and use tax effective Oct. 1, 2021.
Three years after the Wayfair decision, economic sales tax nexus has become the norm, but unanswered questions and numerous issues remain.
Nebraska enacts corporate income tax rate reductions over the next two years while promising more reductions in subsequent measures.
Administration issues Presidential priorities and pay-fors. Corporations and wealthy individuals face prospect of increasing tax rates.
IRS provides guidance on dependent care assistance program enhancements made due to COVID-19-related legislation.
Tax-deferral techniques—possibly spurred by a potential increase to capital gains rates—must be scrutinized, as evidenced by this IRS memo
IRS safe harbor for fiscal year taxpayers on accounting period in which to deduct PPP expenses provides choices and certainty.
President Biden’s proposed changes to corporate and international taxes face Congressional obstacles. RSM examines what’s ahead.
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.
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.
Stimulus legislation extends through 2021 the 100% of AGI deduction for itemizers and availability of a deduction for non-itemizers.