The IRS issued FAQs regarding the Superfund chemical excise tax (FS-2022-31) and tax rates (IR-2022-132) today to help those taxpayers who may be impacted by the Superfund excise taxes. The taxes are set to be reinstated beginning on July 1, 2022. There are two separate Superfund chemical excise taxes: a tax imposed on the sale […]
To stay nimble, nonprofit organizations should examine these five areas to enhance their ability to adapt to change.
In our summer 2022 financial institutions industry outlook, we explore what’s ahead for middle market business leaders.
Considering the income tax, charity and estate planning implications of digital assets, such as crypto, can minimize tax burden, comply with evolving regulations and pursue personal wealth goals.
Ransomware-as-a-Service (RaaS) is a new business model for cybercriminals, making cyberattacks easier than ever.
Ransomware attacks are increasing and threatening organizations of all sizes. The RSM cybersecurity report reveals new ransomware data.
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 […]
We examine the latest supply chain and ESG trends in manufacturing and discuss what’s ahead for middle market business leaders.
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 […]
We examine the latest business services industry trends and discuss what’s ahead for middle market business leaders.
In our 2022 construction industry outlook, we explore what’s ahead for middle market business leaders.
SAS 136 includes requirements to communicate reportable findings identified as a result of testing relevant plan provisions.
For employee benefit plans subject to ERISA, Statement on Auditing Standards No. 136 changes the look of the auditor’s report.
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 […]
Plan administrators should consider all implications of an ERISA Section 103(a)(3)(C) election before the election is made.
The economic growth and emboldened labor market of the past year require a different policy response than the previous two business cycles.
RSM can help manufacturers make the most of limited inventories with inventory optimization strategies. Read more.
National Taxpayer Advocate, Erin Collins, recommends the IRS pause automated collection notices. Congress may consider the recommendation.
Budget law reduces taxes for both businesses and individuals with rate cuts; adopts a state and local tax deduction workaround.
A revised version of the Build Back Better Act released by the House includes sweeping changes to the U.S. international tax system.
We have updated our white paper regarding the fundamentals of LIBOR phase out and transition for financial institutions.
Companies may be able to realize additional tax savings through state tax credits and other incentive programs.
Real estate and business personal property taxes, together, are one of the largest generators of state and local tax revenue.
Private equity deal activity is on pace for its best year on record, and deal activity in the middle market leads the way.
Careful grant management planning can help organizations reduce paperwork, save time, ensure compliance and lead to increased grant awards.
When aligning your preferences with 1 of 3 main structural forms, a family office will position itself to succeed for many years to come.
Companies need to embrace digital tools, understand demographic shifts in the workforce and develop intentional succession planning.
A retirement plan is required to maintain contact information for participants and beneficiaries who are owed a benefit under the plan.
Cybercrime is still on the rise. Here are key statistics from RSM’s 2021 Middle Market Business Index Cybersecurity Report.
Learn lessons from the pandemic to build a stronger supply chain strategy to face disruptions and challenges. Read now.
North Carolina Senate pushes forward major tax reform bill, continuing down the path to repeal the state’s corporate income tax.
South Carolina becomes the latest state to enact a state and local tax deduction limitation workaround joining at least a dozen others.