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
Update to Louisiana’s Statewide Agreed-Upon Procedures Reduces Compliance Requirements for Entities that Receive Government Funds
In July 2025, the Louisiana Legislative Auditor (LLA) issued Version 7 of its statewide agreed-upon procedures (SAUP) instruction manual. This update reduces testing requirements for
Victory for Louisiana Contractors: Sales Tax Exemption Now in Place for Public Projects
The Louisiana Association of General Contractors (AGC) recently shared a major legislative win for the construction industry. Thanks to persistent advocacy and collaboration with state
GASB 101 Compensated Absences
A new accounting principle is now in place for public sector entities that pay out work-related absences like sick leave and PTO. For many, the
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.
Corporate Transparency Act: Beneficial Ownership Reporting
Background In 2021, Congress enacted the Corporate Transparency Act (CTA) which requires enhanced reporting of beneficial ownership in reporting companies. Most businesses will be subject
The IRS urges businesses to review ERC claims for 7 common red flags
(authored by RSM US LLP) IRS urges employers to review ERC claims before the Voluntary Disclosure Program deadline of March 22, 2024. The agency warns of 7 common signs that their claims may be incorrect.
Remote workforces are complicating state tax nexus and withholding
(authored by RSM US LLP) As businesses increase the use of remote workforces, nexus and withholding determinations can greatly complicate state tax compliance.
IRS Releases 2024 tax inflation adjustments
(authored by RSM US LLP) IRS releases inflation adjustments for 2024. Inflation adjustments impact individual tax brackets and other various provisions of the Code.