As physicians are strained by surging demand, AI may provide relief
(authored by RSM US LLP) Generative artificial intelligence (AI) could ease the burden on physicians as they struggle to meet the needs of patients.
Digital transformation and the middle market
(authored by RSM US LLP) The RSM US Middle Market Business Index survey shows that digital transformation is an important topic for business leaders
Risk of losing tax-exempt status could be disruption for many nonprofit hospitals
(authored by RSM US LLP) Hospitals with tax-exempt status face legislative scrutiny as Congress discusses the value of the tax-exemption benefit received by nonprofit hospitals.
The Public Health Emergency Has Expired
What This Means for COVID-19 Waivers and Funding in the Healthcare Industry On May 11, 2023, the Department of Health and Human Services (HHS) officially
ACO not entitled to exemption under section 501(c)(4)
(authored by RSM US LLP) The U.S. Tax Court affirmed the IRS’s denial of section 501(c)(4) status to an ACO engaged in commercial shared savings programs.
FAQ: Capitalization and amortization of R&D costs under new section 174 rules
(authored by RSM US LLP) See how the new required tax treatment of R&D costs under section 174 affects federal, state, and international taxes, as well as software development.
Tax-advantaged health reimbursement arrangements for employees
(authored by RSM US LLP) Health reimbursement arrangements (HRAs) allow employers to pay employees’ medical expenses on a tax-free basis.
Health savings account benefits for employees and employers
(authored by RSM US LLP) Employee interest in health savings accounts (HSAs) has increased so employers should understand the benefits of offering them to employees.
IRS releases spending plan for $80 billion IRA funds
(authored by RSM US LLP) The IRS issued an ambitious strategic operating plan for spending $80 billion in additional funding provided by the Inflation Reduction Act.
Requirements for Form 1099-NEC Filers
The Louisiana Department of Revenue (LDR) issued information for all business that are required to file with the IRS, for the tax year 2022, Forms
Basic Cyber Hygiene
Cybersecurity has been a chief concern among small business owners for some time, but protecting data from bad actors has become even more important since
What’s In the 2022 Inflation Reduction Act?
On August 16, 2022, President Biden signed into law the Inflation Reduction Act of 2022. This bill, which was initially written as a successor to