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Remote work tax: Employer compensation considerations

Remote work tax: Employer compensation considerations

Employers must set compensation policies for remote workers taking into account federal and state tax laws and state legal requirements.
Business Travel Expenses: Per Diem vs Actual Expenses

Business Travel Expenses: Per Diem vs Actual Expenses

If your employees travel for work purposes, it’s important to understand the various methods of tracking and substantiating travel expenses so that you can maintain accurate records, control costs, and take advantage of potential tax benefits. Watch this video to learn about business travel expenses, per diem allowances, and how they affect employees and employers.
6 Misconceptions of a Revocable Living Trust

6 Misconceptions of a Revocable Living Trust

A revocable living trust, or RLT, offers many benefits, including probate avoidance, privacy, and flexibility in managing assets during one’s life, incapacity, and death. However, despite their popularity as an estate planning tool, there are many misconceptions surrounding revocable trusts that lead to confusion and misunderstandings. Watch this video to learn about the top six misconceptions.
Navigating trust taxation: strategies and insights

Navigating trust taxation: strategies and insights

Trusts are an essential tool for estate planning, but their tax implications can be confusing. Understand the differences between revocable and irrevocable trusts, grantor and non-grantor trusts, and simple and complex non-grantor trusts to determine which trust is best for your unique financial situation and goals.
Commercial real estate is high among bankers’ ongoing debt concerns

Commercial real estate is high among bankers’ ongoing debt concerns

Signs point to increasing credit risk in commercial real estate loan portfolios, as recent skittishness around lending has compounded existing concerns.
RSM US Manufacturing Outlook Index: Slowdown continues into April

RSM US Manufacturing Outlook Index: Slowdown continues into April

Overall manufacturing activity remains at 1.85 standard deviations below normal, a level consistent with past recessions.
Understanding Sole Proprietorships, Single-Member LLCs, and the Schedule C

Understanding Sole Proprietorships, Single-Member LLCs, and the Schedule C

If you earn income as a freelancer, independent contractor, or from a side gig, you'll likely do so as a sole proprietor or single-member LLC and report your income on a Schedule C. Learn more about these types of entities and the Schedule C in this article.
Residential energy credits: enhancing efficiency and saving on taxes

Residential energy credits: enhancing efficiency and saving on taxes

Looking to invest in energy-saving measures? Find out how the Inflation Reduction Act of 2022 has increased tax credits for energy-efficient home improvements and residential clean energy property. This article explains eligibility criteria and credit limitations to help taxpayers make informed decisions.
SECURE 2.0’s legislative impact on plan corrections

SECURE 2.0’s legislative impact on plan corrections

SECURE 2.0 expanded the Employee Plans Compliance Resolution System (EPCRS) to enhance the operational feasibility of qualified plans.
Business spending on equipment falls more than expected

Business spending on equipment falls more than expected

Orders and shipments of core capital goods that exclude defense and aircraft spending, a key measure of private business investment, both fell by 0.4% in March.
The new labor market reality: How controlled growth can drive success

The new labor market reality: How controlled growth can drive success

Successful professional services firms are taking a controlled growth approach to manage a dynamic labor market.
Construction industry outlook

Construction industry outlook

In our 2023 construction industry outlook, we explore what's ahead for middle market business leaders.
IRS Dirty Dozen Top Tax Scams To Avoid

IRS Dirty Dozen Top Tax Scams To Avoid

Each year, the Internal Revenue Service publishes its annual Dirty Dozen list of tax scams highlighting various schemes that put taxpayers and their financial well-being at risk. In this video, we'll provide an overview of five of the top scams on the list.
What does SECURE 2.0 mean for small employers?

What does SECURE 2.0 mean for small employers?

SECURE 2.0 changes retirement plan rules for small employers with 100 or fewer employees.
ASC 740: FASB proposes new income tax disclosures

ASC 740: FASB proposes new income tax disclosures

The proposal aims to improve the transparency and consistency of income tax disclosures by expanding the required disclosures around the rate reconciliation and income taxes paid.