Looking to Make Operations More Efficient? Consider a Business Process Review.
In your strategy meetings, how often do you talk about business process improvements? Even if your leadership team actively works to improve operations, you may
IRS announces second ERC Voluntary Disclosure Program, ERC updates & warnings
(authored by RSM US LLP) Second Employee Retention Credit Voluntary Disclosure program and other ERC updates.
Responding to the CrowdStrike outage
(authored by RSM US LLP) What can IT service leaders learn from the the July 2024 CrowdStrike outage? What should you consider to best prepare for the future? RSM risk professionals weigh in.
IRS announces new phase of ERC Processing
(authored by RSM US LLP) The IRS is entering a new stage of Employee Retention Credit claim processing. The September 2023 moratorium continues, and claims filed before then are being slowly processed.
Plan Sponsors, are You Ready for New Forfeiture Rules?
In February 2023, the IRS released proposed regulations that address how plan administrators should treat and report contributions that have been forfeited back to their
What are the different types of financial statement services?
The term “audit” gets used liberally when businesses need to provide financial statements to outside parties, but an audit may not actually be what many businesses need to meet their financial requirements.
Tax effects of cancellation of debt across different entities
(authored by RSM US LLP) Explore the tax implications of debt cancellation across different entities with our introductory guide on CODI.
IRS releases plan to triple its audit rates on large corporations
(authored by RSM US LLP) Audit rates on large corporations to increase threefold, per newly released IRS roadmap for spending Inflation Reduction Act funds.
New retirement plan distribution options introduced by SECURE 2.0
(authored by RSM US LLP) SECURE 2.0 provides new opportunities for plan participants to take retirement distributions without incurring early withdrawal penalties.
The journey to 2025 tax reform begins
(authored by RSM US LLP) House Ways & Means Committee Chairman Jason Smith (R-MO) and House Tax Subcommittee Chairman Mike Kelly (R-PA) recently announced the formation of 10 “Committee Tax Teams”. Each team will address key tax provisions from the 2017 Tax Cuts and Jobs Act (TCJA) that are set to expire in 2025 and identify legislative solutions.
Credits and incentives available to retirement plan sponsors
(authored by RSM US LLP) Employers with less than 100 employees who have recently adopted or are considering a retirement plan have a tax savings opportunity.
Cybersecurity perception is reality until facts intervene
(authored by RSM US LLP) To ensure cybersecurity preparedness, boards need to transform their perception of cybersecurity governance into reality.