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ASC 842 Post-Adoption Reminders

Authored By Ryan Poage, GreerWalker

In the complex world of mergers and acquisitions (M&A), a sell-side Quality of Earnings (QoE) report plays a crucial role in determining a company’s financial health and sustainability of its earnings. Far from being an unnecessary expense or an added complexity, a QoE report is a powerful tool that can provide key insights to both potential sellers and buyers, streamline the transaction process, and help maximize sale value.

Greer Walker People

The Corporate Transparency Act and Beneficial Ownership Reporting

Authored By GreerWalker

In the complex world of mergers and acquisitions (M&A), a sell-side Quality of Earnings (QoE) report plays a crucial role in determining a company’s financial health and sustainability of its earnings. Far from being an unnecessary expense or an added complexity, a QoE report is a powerful tool that can provide key insights to both potential sellers and buyers, streamline the transaction process, and help maximize sale value.

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Clarifying Misunderstandings on Employee Benefit Plan Contributions

Authored By Eric Ritz, GreerWalker

In the complex world of mergers and acquisitions (M&A), a sell-side Quality of Earnings (QoE) report plays a crucial role in determining a company’s financial health and sustainability of its earnings. Far from being an unnecessary expense or an added complexity, a QoE report is a powerful tool that can provide key insights to both potential sellers and buyers, streamline the transaction process, and help maximize sale value.

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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.

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State income tax law changes for the third quarter of 2023

Authored By GreerWalker

The third quarter of 2023 saw significant developments in state tax laws that will impact companies’ current and deferred tax provisions. North Carolina’s legislature approved another round of individual and corporate tax reductions in late September. Individual taxpayers should see lower NC tax rates beginning in 2024 and NC’s corporate franchise tax will be capped. There’s also new administrative guidance from South Carolina on the tax treatment of remote workers. This quarter also brings positive news for business taxpayers in Ohio and Texas.

Greer Walker People

The Crucial Role of Net Working Capital in M&A Transactions

Authored By Ted Smoyer and Jack Powers, GreerWalker

In the complex world of mergers and acquisitions (M&A), a sell-side Quality of Earnings (QoE) report plays a crucial role in determining a company’s financial health and sustainability of its earnings. Far from being an unnecessary expense or an added complexity, a QoE report is a powerful tool that can provide key insights to both potential sellers and buyers, streamline the transaction process, and help maximize sale value.

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IRS halts employee retention credit processing

Authored By RSM US LLP

The IRS has temporarily halted processing of employee retention credit claims and will provide additional guidance for businesses.

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Estate planning after the sale of a business interest

Authored By RSM US LLP

This article discusses estate planning and tax considerations after the sale of a business interest or other liquidity event, including common strategies to reduce estate tax and meet charitable giving goals.

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The Advantages of a Sell-Side Quality of Earnings Report

Authored By Ted Smoyer, GreerWalker

In the complex world of mergers and acquisitions (M&A), a sell-side Quality of Earnings (QoE) report plays a crucial role in determining a company’s financial health and sustainability of its earnings. Far from being an unnecessary expense or an added complexity, a QoE report is a powerful tool that can provide key insights to both potential sellers and buyers, streamline the transaction process, and help maximize sale value.

Pass Through Entity Tax Update (PTET Election)

South Carolina Withholding Tax Tips for Remote Employees

Authored By Jason Pritchard, GreerWalker

Title: South Carolina Withholding Tax Tips for Remote Employees The South Carolina Department of Revenue (SCDOR) recently released a summary of tips to assist employers dealing with withholding tax compliance for their remote workforce.  The rules for remote employees are complicated in many states & the pandemic made this a critical priority for many employers.  […]

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Renewable energy and real estate

Authored By RSM US LLP

This article will focus on the credits that affect the real estate industry. Prior articles include the Act’s impact on the clean fuels industry, manufacturers and excise taxes, automotive industry and the tax-exempt sector. While many questions remain on the implementation of these new incentives, Treasury is busy drafting additional guidance and has requested comments from affected stakeholders.

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Treasury guidance on Superfund excise tax

Authored By RSM US LLP

The IRS and U.S. Treasury issues proposed regulations regarding the application of the reinstated Superfund tax on enumerated chemicals and imported substances.

Supply Chain Card

Globalized Manufacturing Enters a New Era

Authored By RSM US LLP

The era of globalization, which brought cheap goods, low inflation, rapid growth, and inexpensive capital, is transitioning to a new state.

Pass Through Entity Tax Update (PTET Election)

PTET Election: An Opportunity to Reduce Your Tax Bill

Authored By Jason Pritchard, GreerWalker

A recent tax planning strategy has emerged which benefits owners of many businesses that are structured as partnerships, LLCs, LLPs, or S-corporations. A carefully planned analysis of the business’ tax filings can provide a way to reduce an owners’ taxable income from the business due to the adoption of changes in how the entity reports […]

Strategic Tariff Planning

Strategic Tariff Planning for Supply Chain Cost Optimization

Authored By RSM US LLP

Many companies that have tapped international markets to drive growth over the past decade face significant downward pressure on margins and competitiveness due to ongoing global supply chain disruptions and rising tariffs driven by trade disputes.

Employee Retention Tax Credit Risks

IRS makes statements on CARES Act Employee Retention Tax Credit risks

Authored By RSM US LLP

On Oct. 19, 2022 the IRS issued a news release warning employers to be wary of third parties who have ramped up campaigns to try and get employers to claim the CARES Act Employee Retention Tax Credit (ERTC) when they may not actually qualify.

IRS Releases 2023 Tax Inflation Adjustments

Authored By RSM US LLP

IRS releases inflation adjustments for 2023. Inflation adjustments impact individual tax brackets and other various provisions of the Code.

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Estate Planning and Income Tax: Key Considerations and Planning Points

Authored By RSM US LLP

You have mapped out your estate plan and feel confident in its estate tax efficiency. However, it is important to consider the income tax ramifications of each decision throughout the planning process to avoid unintended consequences.

deadlines extended for retirement plan amendments

Retirement Plan Amendment Deadlines Extended

Authored By RSM US LLP

The IRS extended the due dates for plan sponsors to incorporate required amendments under the SECURE, CARES, and Miners Acts. Plan sponsors should review these deadlines with their service providers.

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Nonprofits: Guide To Reporting In-Kind Donations

Authored By Tony Smith

Securing in-kind donations is vital for any nonprofit or charitable organization, but just as important is accounting for them properly. Learn about properly reporting financial and nonfinancial donations in your financial statements.

Multigenerational Wealth Planning

5 Ways Nonprofits Can Stay Agile

Authored By RSM US LLP

To stay nimble, nonprofit organizations should examine these five areas to enhance their ability to adapt to change.

Superfund Excise Taxes

Superfund Excise Tax on Chemicals and Imported Taxable Substances

Authored By GreerWalker

As part of the Infrastructure Investment and Jobs Act signed into law on November 15, 2021, Superfund excise taxes imposed on chemicals and imported taxable products will be reinstated effective July 1, 2022 through December 21, 2031. Manufacturers and importers of chemicals and substances containing chemicals may be liable for federal excise tax. Purchasers of […]

ESG And Supply Chain

ESG and Supply Chain Trends in Manufacturing

Authored By RSM US LLP

We examine the latest supply chain and ESG trends in manufacturing and discuss what’s ahead for middle market business leaders.

Pass Through Entity Tax Update (PTET Election)

North Carolina Pass Through Entity Tax Update

Authored By Jason Pritchard, GreerWalker

In November 2021, North Carolina enacted Senate Bill 105 which includes a new elective pass-through entity tax (“PTET”) filing options for certain NC companies.  This law change allows entities taxed as partnerships or S-corporations to elect to pay an entity level state income tax for taxable years beginning on or after January 1, 2022. Owners […]

Business Services Trends

Business services trends

Authored By RSM US LLP

We examine the latest business services industry trends and discuss what’s ahead for middle market business leaders.

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Construction industry outlook

Authored By RSM US LLP

In our 2022 construction industry outlook, we explore what’s ahead for middle market business leaders.

SAS 136 Auditor Report Changes

SAS 136: Changes to the auditor’s report

Authored By RSM US LLP

For employee benefit plans subject to ERISA, Statement on Auditing Standards No. 136 changes the look of the auditor’s report.

North Carolina Business Recovery Grant

North Carolina Business Recovery Grant Phase 2 Now Open

Authored By Jason Pritchard, GreerWalker

The announcement of Phase 2 of this grant also includes the ability for companies that previously received federal or NC financial hardship incentives to participate. Phase 1 of the program (which closed a few months ago) prevented companies which had received a PPP loan, NC Job Retention Grant, or EIDL advance from qualifying for this […]

inflation and the middle market analysis

Inflation and the middle market

Authored By RSM US LLP

The economic growth and emboldened labor market of the past year require a different policy response than the previous two business cycles.

Boom Times in Private Equity - GreerWalker

Boom times in private equity

Authored By RSM US LLP

Private equity deal activity is on pace for its best year on record, and deal activity in the middle market leads the way.

Retirement Plan

Missing Participants in a Retirement Plan

Authored By RSM US LLP

A retirement plan is required to maintain contact information for participants and beneficiaries who are owed a benefit under the plan.

supply chain strategy - GreerWalker Business Advisors

Supply Chain Strategy

Authored By RSM US LLP

Learn lessons from the pandemic to build a stronger supply chain strategy to face disruptions and challenges. Read now.