Feeling Charitable? Act (or Don’t Act) Now
The One Big Beautiful Bill (“OBBBA”) preserved one familiar charitable giving rule, but quietly changed several others in ways that make timing more important than
Overview of the Budget Reconciliation Bill: the “One Big Beautiful Bill Act”(PL 119-21)
On July 4, 2025, President Donald J. Trump signed into law the so called ‘One Big Beautiful Bill.’ The law effectively extends many of the
Health care industry trend watch: Week of June 23, 2025
(authored by RSM US LLP) The Senate’s version of the One Big Beautiful Bill has cleared a significant hurdle, but not without changes that are concerning to the health care industry.
Corporate Transparency Act Beneficial Ownership Reporting – 3.24.25 – UPDATE
UPDATE: 3.24.2025: All entities originally established in the United States, including those previously classified as ‘domestic reporting companies,’ and their beneficial owners are now exempt
What would an estate tax repeal mean for you?
(authored by RSM US LLP) Estate tax repeal: What would it mean for your legacy? Regardless of potential changes to tax laws, estate planning will always be essential.
US rejects OECD global tax deal, raising policy questions
(authored by RSM US LLP) RSM explains the implications of President Trump’s executive orders repudiating the U.S.’ commitment to the OECD Pillar Two framework.
Estate Planning Q&A: Plan for estate tax and GSTT liquidity
(authored by RSM US LLP) Estate taxes are due 9 months after death. Does your estate plan leave your family with enough cash to pay them? We can help you plan now.
President Biden Signs Federal Disaster Tax Relief Act
In December 2024, President Biden signed the Federal Disaster Tax Relief Act (the Act) into law, providing favorable tax provisions for victims of disasters occurring
Business structure and entity choice: Keys to a complex decision
(authored by RSM US LLP) Choosing the right business structure and entity is crucial for private company owners, with implications for cash flow, taxes and strategic foresight.
Long-awaited disaster relief tax bill officially becomes law
(authored by RSM US LLP) The Federal Disaster Tax Relief Act of 2023 (H.R. 5863) signed into law. This legislation provides long-awaited tax provisions for disaster victims.
Louisiana enacts significant tax reform
(authored by RSM US LLP) Louisiana flattens income tax rates, eliminates the corporate franchise tax and increases sales tax rates in comprehensive reform.
How individuals and families can plan for tax changes under Trump in 2025
(authored by RSM US LLP) How individuals and families can prepare for potential tax changes in 2025 under the new Trump administration and unified Republican Congress.