What does SECURE 2.0 mean for small employers?
Authored By RSM US LLP
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How much will your next data breach cost?
Authored By RSM US LLP
Proposed regulations on using forfeitures in retirement plans
Authored By RSM US LLP
Tax
R&E Expense Amortization Got You Down?
Authored By GreerWalker
Now that Research & Experimentation expenses must be amortized over several years, many companies are looking for ways to increase deductions and reduce taxable income. Here are three opportunities to potentially accelerate depreciation and reduce your tax liability.
Income Tax Provision Considerations For Financial Statement Preparers
Authored By RSM US LLP
Financial statement preparers should consider the impact of new tax laws and regulations on income tax calculations and disclosures in their 2022 financial statements.
State taxation of digital assets evolves as legislatures return
Authored By RSM US LLP
State digital asset tax policy progressed in 2022 and could make further strides in 2023, despite decreased enthusiasm for certain digital assets.
PTET Election: An Opportunity to Reduce Your Tax Bill
Authored By Jason Pritchard
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 […]
Tax Withholding for Equity Compensation
Authored By RSM US LLP
Employment and income tax withholding rules for equity compensation
Schedules K-2 and K-3 Draft Instructions for Tax Year 2022
Authored By RSM US LLP
Pass-through entities and partners alike should understand the compliance changes associated with the IRS’s recent release of updated draft Schedules K-2 and K-3.
The Annual Tax Policy Cycle and Current State of Play
Authored By RSM US LLP
This annual timeline highlights milestones in the legislative cycle and details the latest state of play for each as they come into view.
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.
State and Local Tax Considerations When Building Supply Chain Resilience
Authored By RSM US LLP
Consider state and local tax ramifications, such as nexus and filing requirements, when relocating supply chain components to build resilience.
Taxes and The Inflation Reduction Act: What Middle Market Businesses Should Know?
Authored By RSM US LLP
Tax changes in the Inflation Reduction Act could affect middle market businesses despite targeting large corporations and high-income individuals.
Superfund excise tax FAQs and tax rates released by the IRS
Authored By RSM US LLP
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 […]
North Carolina Pass Through Entity Tax Update
Authored By 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 […]
North Carolina Business Recovery Grant Phase 2 Now Open
Authored By 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 […]
Succession Planning for Nonprofits
Authored By GreerWalker
Grooming future leaders and mapping out a succession plan in advance is one of the best ways to mitigate the risk of losing key personnel and prepare for the future needs and growth of an organization. This video offers tips and best practices for creating and implementing a succession plan for your nonprofit.
Protecting Your Company From Ransomware
Authored By GreerWalker
Ransomware is a significant threat for business owners of any size, and the damages can be catastrophic. This video will explain what ransomware is and provide seven tips on protecting you and your company.
IRS Releases Guidance on Q4 Removal of Employee Retention Credit
Authored By RSM US LLP
The Infrastructure Investment and Jobs Act passed in November ended the employee retention credit (ERTC) early, changing the eligible wages to only those paid before Oct. 1, 2021 rather than Jan. 1, 2022 as previously expanded in the American Rescue Plan Act. This change does not apply to recovery startup businesses. Many businesses were filing […]
The Benefits of Hiring an Outsourced CFO
Authored By GreerWalker
When it comes to running any organization, proper financial management is critical. One of the most important decisions you’ll make is if and when to hire a Chief Financial Officer. While many organizations may not be ready for a full-time CFO, they may significantly benefit from hiring an outsourced CFO.
How Cost Segregation Studies Help Real Estate Owners Defer Taxes
Authored By GreerWalker
Real estate owners who have purchased, constructed or renovated real estate should consider performing a cost segregation study to accelerate depreciation and defer income taxes. Watch now to learn more.
Congress Open to Considering a Pause on Automated Tax Notices
Authored By RSM US LLP
National Taxpayer Advocate, Erin Collins, recommends the IRS pause automated collection notices. Congress may consider the recommendation.
Valuing Your Business
Authored By GreerWalker
A business valuation helps to determine the fair market value of a company and may be needed for a variety of reasons such as buying or selling a business, transferring equity, developing an estate plan or purchasing insurance. In this video, we’ll cover why you might need a valuation and the common methodologies used to determine value.
North Carolina Budget Cuts Income Taxes, Adopts SALT Workaround
Authored By RSM US LLP
Budget law reduces taxes for both businesses and individuals with rate cuts; adopts a state and local tax deduction workaround.
Build Back Better Act – Key International Tax Provisions
Authored By RSM US LLP
A revised version of the Build Back Better Act released by the House includes sweeping changes to the U.S. international tax system.
Leveraging a Spousal Lifetime Access Trust
Authored By GreerWalker
The lifetime gift tax exemption is at an all-time high of $11.7 million per individual and $23.4 million per couple but may be reduced in the near future by potential legislation. This video provides an overview of the Spousal Lifetime Access Trust and how it can help couples maximize their lifetime gift tax exemption.
Opportunity Zone Investors Should Consider State and Local Tax Credits
Authored By RSM US LLP
Companies may be able to realize additional tax savings through state tax credits and other incentive programs.
House Ways and Means Committee Proposed Tax Changes
Authored By GreerWalker
The House of Representatives Ways and Means Committee recently released draft legislation that would increase taxes to help pay for the proposed $3.5 trillion spending package. In this video, we briefly cover some of the more important proposed tax changes.
Nine Reasons Your Property Tax Assessment May Not Be Correct
Authored By RSM US LLP
Real estate and business personal property taxes, together, are one of the largest generators of state and local tax revenue.
House Ways and Means Releases Reconciliation Tax Payfors
Authored By RSM US LLP
On Sunday, Sept. 12, 2021, House Democrats outlined revenue raisers needed to offset a $3.5 trillion spending package. Then, on Monday, Sept. 13, 2021, House Ways and Means Committee Chairman Richard Neal (D-Mass.) circulated a draft bill that would ‘preliminarily’ raise $2.9 trillion from proposed tax increases and enhanced taxpayer compliance (mostly from increased IRS […]
IRS enhances employee retention credit guidance for open questions
Authored By RSM US LLP
Employers impacted by COVID-19 that may be eligible for the employee retention tax credit (ERTC) finally have some additional guidance from the IRS that addresses a few unanswered questions, although some outstanding questions are still unanswered. Background The ERTC was originally enacted by in the CARES Act in March 2020. Its use by taxpayers was significantly increased […]
North Carolina Tax Reform: Big, Bold and Controversial
Authored By RSM US LLP
North Carolina Senate pushes forward major tax reform bill, continuing down the path to repeal the state’s corporate income tax.
South Carolina enacts SALT deduction workaround
Authored By RSM US LLP
South Carolina becomes the latest state to enact a state and local tax deduction limitation workaround joining at least a dozen others.
The American Families Plan & its Impact on the Real Estate Industry
Authored By RSM US LLP
President Biden has announced The American Families Plan, representing a $1.8 trillion proposal focused on investing in increased childcare, healthcare, and education initiatives while extending many of the middle-class focused tax credits that were signed into law as part of the American Rescue Plan earlier this year. These initiatives and tax credits will primarily be […]
IRS Issues PPP Expense Deduction Safe Harbor for Fiscal Year Taxpayers
Authored By RSM US LLP
The IRS recently published Rev. Proc. 2021-20, providing a safe harbor regarding the accounting period in which to claim deductions paid for with PPP funds. This safe harbor allows taxpayers to elect to deduct expenses in the first tax year after the taxpayer’s 2020 taxable year return versus filing an amended return or administrative adjustment request. […]
The IRS Provides Further Guidance on the Employee Retention Tax Credit
Authored By RSM US LLP
The Taxpayer Certainty and Disaster Tax Relief Act of 2020 (Relief Act) provided a number of changes to the Employee Retention Tax Credit (ERTC). Most of these changes are only applicable starting Jan. 1, 2020 and (at the time) only applied to the first two quarters of 2021. Congress has since extended the ERTC from […]
What You Need To Know About Form 1099-NEC
Authored By GreerWalker
In 2020, the IRS introduced Form 1099-NEC for reporting nonemployee compensation. Learn about Form 1099-NEC and how it differs from Form 1099-MISC.
Donor-Advised Funds: Giving with a Tax Advantage
Authored By GreerWalker
If you donate to charitable organizations, you might want to consider establishing a donor-advised fund. A donor-advised fund is a charitable tax-saving tool that enables you to maintain a certain level of control over how funds are distributed while receiving immediate tax benefits.
Contingency Planning for Business Owners
Authored By GreerWalker
All businesses face a variety of risks, which is why it’s important to have contingency plans in place to deal with unexpected events. In this video, you will learn 5 important steps to contingency planning for your business.
Business
R&E Expense Amortization Got You Down?
Authored By GreerWalker
Now that Research & Experimentation expenses must be amortized over several years, many companies are looking for ways to increase deductions and reduce taxable income. Here are three opportunities to potentially accelerate depreciation and reduce your tax liability.
PTET Election: An Opportunity to Reduce Your Tax Bill
Authored By Jason Pritchard
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 […]
5 Essential Conversations for the Family at Year End
Authored By RSM US LLP
Operational excellence plays an integral role in advancing family office goals and strategy.
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.
When To Outsource Your Accounting
Authored By GreerWalker
Thanks to the cloud and automation, outsourcing has never been a more viable option than it is today. Quite often, outsourcing can be more efficient and less expensive than hiring dedicated staff. In this video, we’ll cover the benefits of outsourcing your accounting.
10 Smart Moves for Real Estate Investors and Operators at Year’s End
Authored By RSM US LLP
As we close the books on 2022, RSM’s real estate senior analyst Scott Helberg shares 10 important year-end resolutions for real estate investors to consider
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.
Financial Institutions Industry Outlook
Authored By RSM US LLP
In our summer 2022 financial institutions industry outlook, we explore what’s ahead for middle market business leaders.
Ransomware: Protecting Your Business Against Evolving Risks
Authored By RSM US LLP
Ransomware attacks are increasing and threatening organizations of all sizes. The RSM cybersecurity report reveals new ransomware data.
North Carolina Pass Through Entity Tax Update
Authored By 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 […]
North Carolina Business Recovery Grant Phase 2 Now Open
Authored By 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 […]
Succession Planning for Nonprofits
Authored By GreerWalker
Grooming future leaders and mapping out a succession plan in advance is one of the best ways to mitigate the risk of losing key personnel and prepare for the future needs and growth of an organization. This video offers tips and best practices for creating and implementing a succession plan for your nonprofit.
Protecting Your Company From Ransomware
Authored By GreerWalker
Ransomware is a significant threat for business owners of any size, and the damages can be catastrophic. This video will explain what ransomware is and provide seven tips on protecting you and your company.
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.
IRS Releases Guidance on Q4 Removal of Employee Retention Credit
Authored By RSM US LLP
The Infrastructure Investment and Jobs Act passed in November ended the employee retention credit (ERTC) early, changing the eligible wages to only those paid before Oct. 1, 2021 rather than Jan. 1, 2022 as previously expanded in the American Rescue Plan Act. This change does not apply to recovery startup businesses. Many businesses were filing […]
The Benefits of Hiring an Outsourced CFO
Authored By GreerWalker
When it comes to running any organization, proper financial management is critical. One of the most important decisions you’ll make is if and when to hire a Chief Financial Officer. While many organizations may not be ready for a full-time CFO, they may significantly benefit from hiring an outsourced CFO.
How Cost Segregation Studies Help Real Estate Owners Defer Taxes
Authored By GreerWalker
Real estate owners who have purchased, constructed or renovated real estate should consider performing a cost segregation study to accelerate depreciation and defer income taxes. Watch now to learn more.
Manage Supply Chain Disruption with Inventory Optimization
Authored By RSM US LLP
RSM can help manufacturers make the most of limited inventories with inventory optimization strategies. Read more.
Congress Open to Considering a Pause on Automated Tax Notices
Authored By RSM US LLP
National Taxpayer Advocate, Erin Collins, recommends the IRS pause automated collection notices. Congress may consider the recommendation.
Is It Time To Outsource Accounting For Your Business?
Authored By GreerWalker
We know what you’re thinking, “Why do I need a new accounting provider? We could just do it ourselves.” That’s true, but giving your accounting to untrained employees can cost you time and money in the long run. Our clients come to us with a number of reasons they‘re ready to commit to our payroll […]
Significant Recent Changes In State Taxes Impact Local Businesses
Authored By GreerWalker
There have been many recent legislative actions in North Carolina, South Carolina, and other southeastern states that business owners should be aware of. The NC Legislature has debated significant tax reforms which could impact business income tax, franchise tax, and personal income tax calculations for its resident businesses and owners. There are also several changes […]
Benefits to Attract and Retain Employees
Authored By RSM US LLP
15 Minutes to Lower Technology Risk
Authored By GreerWalker
What is Your Company Worth?
Authored By GreerWalker
South Carolina SALT Deducation Workaround Overview Video
Authored By GreerWalker
Valuing Your Business
Authored By GreerWalker
A business valuation helps to determine the fair market value of a company and may be needed for a variety of reasons such as buying or selling a business, transferring equity, developing an estate plan or purchasing insurance. In this video, we’ll cover why you might need a valuation and the common methodologies used to determine value.
Financial Institutions and the Phase Out of LIBOR
Authored By RSM US LLP
We have updated our white paper regarding the fundamentals of LIBOR phase out and transition for financial institutions.
Leveraging a Spousal Lifetime Access Trust
Authored By GreerWalker
The lifetime gift tax exemption is at an all-time high of $11.7 million per individual and $23.4 million per couple but may be reduced in the near future by potential legislation. This video provides an overview of the Spousal Lifetime Access Trust and how it can help couples maximize their lifetime gift tax exemption.
2021 Year-End Tax Considerations for Businesses
Authored By RSM US LLP
DOWNLOAD GUIDE Year-end is a critical time for businesses to think carefully about how to achieve their goals in an ever-evolving tax landscape. RSM US LLP’s 2021 year-end tax guide reflects the tax considerations and developments that we believe may create risk or opportunity. Challenges and disruptions have continued this year as the pandemic lingers and […]
Family Offices and Tax Changes: Considerations from the House Proposal
Authored By RSM US LLP
Family offices anticipating a variety of tax law changes now have more details to consider. The House Ways and Means Committee on Sept. 13 outlined its proposal of various income and transfer tax increases on high-income individuals, estates and trusts as part of a plan to generate the revenue necessary to support reconciliation bill spending. […]
Opportunity Zone Investors Should Consider State and Local Tax Credits
Authored By RSM US LLP
Companies may be able to realize additional tax savings through state tax credits and other incentive programs.
House Ways and Means Committee Proposed Tax Changes
Authored By GreerWalker
The House of Representatives Ways and Means Committee recently released draft legislation that would increase taxes to help pay for the proposed $3.5 trillion spending package. In this video, we briefly cover some of the more important proposed tax changes.
Nine Reasons Your Property Tax Assessment May Not Be Correct
Authored By RSM US LLP
Real estate and business personal property taxes, together, are one of the largest generators of state and local tax revenue.
House Ways and Means Releases Reconciliation Tax Payfors
Authored By RSM US LLP
On Sunday, Sept. 12, 2021, House Democrats outlined revenue raisers needed to offset a $3.5 trillion spending package. Then, on Monday, Sept. 13, 2021, House Ways and Means Committee Chairman Richard Neal (D-Mass.) circulated a draft bill that would ‘preliminarily’ raise $2.9 trillion from proposed tax increases and enhanced taxpayer compliance (mostly from increased IRS […]
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.
IRS enhances employee retention credit guidance for open questions
Authored By RSM US LLP
Employers impacted by COVID-19 that may be eligible for the employee retention tax credit (ERTC) finally have some additional guidance from the IRS that addresses a few unanswered questions, although some outstanding questions are still unanswered. Background The ERTC was originally enacted by in the CARES Act in March 2020. Its use by taxpayers was significantly increased […]
Choosing the Family Office Structure that Helps your Family’s Goals
Authored By RSM US LLP
When aligning your preferences with 1 of 3 main structural forms, a family office will position itself to succeed for many years to come.
How Manufacturers Can Compete for Talent in a Tech Centric World
Authored By RSM US LLP
Companies need to embrace digital tools, understand demographic shifts in the workforce and develop intentional succession planning.
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.
Cybercrime Risk: Top Middle Market Vulnerabilities
Authored By RSM US LLP
Cybercrime is still on the rise. Here are key statistics from RSM’s 2021 Middle Market Business Index Cybersecurity Report.
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.
Own Your Time: Practical Ways to Manage Your Time
Authored By GreerWalker
The importance of time management in achieving business and personal success cannot be over emphasized. The number of books, courses, websites and motivational speakers on the subject bear testimony to the fact that it is one of the most important skills to have. However, with all of the resources that are available, most professionals continue […]
South Carolina enacts SALT deduction workaround
Authored By RSM US LLP
South Carolina becomes the latest state to enact a state and local tax deduction limitation workaround joining at least a dozen others.
The American Families Plan & its Impact on the Real Estate Industry
Authored By RSM US LLP
President Biden has announced The American Families Plan, representing a $1.8 trillion proposal focused on investing in increased childcare, healthcare, and education initiatives while extending many of the middle-class focused tax credits that were signed into law as part of the American Rescue Plan earlier this year. These initiatives and tax credits will primarily be […]
IRS Issues PPP Expense Deduction Safe Harbor for Fiscal Year Taxpayers
Authored By RSM US LLP
The IRS recently published Rev. Proc. 2021-20, providing a safe harbor regarding the accounting period in which to claim deductions paid for with PPP funds. This safe harbor allows taxpayers to elect to deduct expenses in the first tax year after the taxpayer’s 2020 taxable year return versus filing an amended return or administrative adjustment request. […]
The IRS Provides Further Guidance on the Employee Retention Tax Credit
Authored By RSM US LLP
The Taxpayer Certainty and Disaster Tax Relief Act of 2020 (Relief Act) provided a number of changes to the Employee Retention Tax Credit (ERTC). Most of these changes are only applicable starting Jan. 1, 2020 and (at the time) only applied to the first two quarters of 2021. Congress has since extended the ERTC from […]
2021 Gifts – Buyer Beware of the Risk of Retroactivity
Authored By RSM US LLP
The Tax Cuts and Jobs Act (TCJA) in 2017 doubled the estate and gift tax exemption to approximately $11 million per spouse. Without an intervening change in law, this amount is set to sunset on Dec. 31, 2025. With the Democrats now holding the White House and having the majority of votes in the House and […]
What You Need To Know About Form 1099-NEC
Authored By GreerWalker
In 2020, the IRS introduced Form 1099-NEC for reporting nonemployee compensation. Learn about Form 1099-NEC and how it differs from Form 1099-MISC.
Choosing The Right Accounting Services For Your Business
Authored By GreerWalker
While valuable, this ability to customize your accounting services can make it a little tricky to show how we structure our services so, to simplify things, we often explain it in terms of three standard levels of service. Generally, most organizations choose a level of service that lands within one of these three categories: Basic […]
Are You Keeping Up With Accounting Compliance And Standards?
Authored By GreerWalker
ASU 2016-02, Leases (Topic 842) This ASU provides new regulations which affect all organizations that lease assets, such as real estate, vehicles, and equipment. Previous standards differentiate reporting requirements based on whether an agreement is a capital lease or an operating lease. ASU 2016-02 changes this by requiring all leases with terms of more than […]
7 Ways Outsourced Accounting Will Help Your Business
Authored By GreerWalker
Although many businesses consider outsourcing as a way to save time and money, they often discover many other benefits: More time to focus on other things By outsourcing the most time-consuming aspects of your accounting, you can free up that time to take care of the more important tasks needed to run and grow your […]
Donor-Advised Funds: Giving with a Tax Advantage
Authored By GreerWalker
If you donate to charitable organizations, you might want to consider establishing a donor-advised fund. A donor-advised fund is a charitable tax-saving tool that enables you to maintain a certain level of control over how funds are distributed while receiving immediate tax benefits.
Scenario Planning
Authored By GreerWalker
What if your organization was already prepared to respond to the challenges brought about by COVID-19? Scenario planning is a savvy management tool that helps organizations deal with the uncertain world in which we live.
Succession Planning for Business Owners
Authored By GreerWalker
Succession planning is essential for business owners to ensure that their business will survive, if not thrive, through a transition of leadership. In this video, we’ll cover why you need a plan and key components of a plan.
All About Equity Crowdfunding
Authored By GreerWalker
Crowdfunding has become a relatively new way for businesses to raise capital. In this short video, you’ll learn how businesses are leveraging equity crowdfunding to raise capital from both accredited and non-accredited investors.
Contingency Planning for Business Owners
Authored By GreerWalker
All businesses face a variety of risks, which is why it’s important to have contingency plans in place to deal with unexpected events. In this video, you will learn 5 important steps to contingency planning for your business.
Top 7 Internal Controls to Prevent Fraud
Authored By GreerWalker
All companies are susceptible to and will likely experience fraud at some point. In this video, you will learn about simple and easy to implement controls and processes.
LLC vs S-Corp: What’s the Difference?
Authored By GreerWalker
If you’re starting or have already started your own business, you’ve probably heard about the advantages of incorporation. You’ll learn the differences between an LLC and S-Corp, and how both can be used together. We’ll also cover the benefits and tax implications of each.
Strategies for Estate Planning
Authored By GreerWalker
With recent tax changes, it is important to make sure that you are making good choices as it relates to your Estate Plan. The Internal Revenue Service recently increased the estate tax exclusion. While this can be a big benefit, it’s important to have strategies in place to ensure you are protecting your assets.
Safe Harbor 401(k) Plans
Authored By GreerWalker
Safe Harbor 401(k) plans are the most popular type of 401(k) used by small businesses today. Here’s a great 3 minute video you don’t want to miss.
Cash Balance Retirement Plans
Authored By GreerWalker
Cash Balance Retirement Plans are growing in popularity due to their high contribution limits and tax saving benefits. Here’s a great 2 minute video to find out more.
All About Opportunity Zones
Authored By GreerWalker
Expecting a Capital Gain? You may be able to receive significant tax incentives for investing in an Opportunity Zone Fund. Here’s a great 2 minute video to find out more.
The Why and How of Setting Up a Trust
Authored By GreerWalker
There are many different options to provide for your loved ones and a trust may be the best option. Watch now to learn about each type of trust and the benefits they offer.
Retirement Savings: 401(k) vs IRA
Authored By GreerWalker
There are key financial and tax advantages for both a 401(k) and an IRA, but you may not be maximizing the advantages of both. Watch Now to learn how you can optimize your savings for retirement.
Video
The Benefits of Hiring an Outsourced CFO
Authored By GreerWalker
When it comes to running any organization, proper financial management is critical. One of the most important decisions you’ll make is if and when to hire a Chief Financial Officer. While many organizations may not be ready for a full-time CFO, they may significantly benefit from hiring an outsourced CFO.
How Cost Segregation Studies Help Real Estate Owners Defer Taxes
Authored By GreerWalker
Real estate owners who have purchased, constructed or renovated real estate should consider performing a cost segregation study to accelerate depreciation and defer income taxes. Watch now to learn more.
Protecting Wealth With a Life Insurance Trust
Authored By GreerWalker
A life insurance trust is an estate planning tool for maximizing the value of an estate passed to one’s heirs. Learn how a life insurance trust works and how it may help you protect wealth.
Valuing Your Business
Authored By GreerWalker
A business valuation helps to determine the fair market value of a company and may be needed for a variety of reasons such as buying or selling a business, transferring equity, developing an estate plan or purchasing insurance. In this video, we’ll cover why you might need a valuation and the common methodologies used to determine value.
Leveraging a Spousal Lifetime Access Trust
Authored By GreerWalker
The lifetime gift tax exemption is at an all-time high of $11.7 million per individual and $23.4 million per couple but may be reduced in the near future by potential legislation. This video provides an overview of the Spousal Lifetime Access Trust and how it can help couples maximize their lifetime gift tax exemption.
House Ways and Means Committee Proposed Tax Changes
Authored By GreerWalker
The House of Representatives Ways and Means Committee recently released draft legislation that would increase taxes to help pay for the proposed $3.5 trillion spending package. In this video, we briefly cover some of the more important proposed tax changes.
What You Need To Know About Form 1099-NEC
Authored By GreerWalker
In 2020, the IRS introduced Form 1099-NEC for reporting nonemployee compensation. Learn about Form 1099-NEC and how it differs from Form 1099-MISC.
Donor-Advised Funds: Giving with a Tax Advantage
Authored By GreerWalker
If you donate to charitable organizations, you might want to consider establishing a donor-advised fund. A donor-advised fund is a charitable tax-saving tool that enables you to maintain a certain level of control over how funds are distributed while receiving immediate tax benefits.
Scenario Planning
Authored By GreerWalker
What if your organization was already prepared to respond to the challenges brought about by COVID-19? Scenario planning is a savvy management tool that helps organizations deal with the uncertain world in which we live.
Succession Planning for Business Owners
Authored By GreerWalker
Succession planning is essential for business owners to ensure that their business will survive, if not thrive, through a transition of leadership. In this video, we’ll cover why you need a plan and key components of a plan.
All About Equity Crowdfunding
Authored By GreerWalker
Crowdfunding has become a relatively new way for businesses to raise capital. In this short video, you’ll learn how businesses are leveraging equity crowdfunding to raise capital from both accredited and non-accredited investors.
Contingency Planning for Business Owners
Authored By GreerWalker
All businesses face a variety of risks, which is why it’s important to have contingency plans in place to deal with unexpected events. In this video, you will learn 5 important steps to contingency planning for your business.
Top 7 Internal Controls to Prevent Fraud
Authored By GreerWalker
All companies are susceptible to and will likely experience fraud at some point. In this video, you will learn about simple and easy to implement controls and processes.
LLC vs S-Corp: What’s the Difference?
Authored By GreerWalker
If you’re starting or have already started your own business, you’ve probably heard about the advantages of incorporation. You’ll learn the differences between an LLC and S-Corp, and how both can be used together. We’ll also cover the benefits and tax implications of each.
Strategies for Estate Planning
Authored By GreerWalker
With recent tax changes, it is important to make sure that you are making good choices as it relates to your Estate Plan. The Internal Revenue Service recently increased the estate tax exclusion. While this can be a big benefit, it’s important to have strategies in place to ensure you are protecting your assets.
Safe Harbor 401(k) Plans
Authored By GreerWalker
Safe Harbor 401(k) plans are the most popular type of 401(k) used by small businesses today. Here’s a great 3 minute video you don’t want to miss.
All About Opportunity Zones
Authored By GreerWalker
Expecting a Capital Gain? You may be able to receive significant tax incentives for investing in an Opportunity Zone Fund. Here’s a great 2 minute video to find out more.
Cash Balance Retirement Plans
Authored By GreerWalker
Cash Balance Retirement Plans are growing in popularity due to their high contribution limits and tax saving benefits. Here’s a great 2 minute video to find out more.
The Why and How of Setting Up a Trust
Authored By GreerWalker
There are many different options to provide for your loved ones and a trust may be the best option. Watch now to learn about each type of trust and the benefits they offer.
Retirement Savings: 401(k) vs IRA
Authored By GreerWalker
There are key financial and tax advantages for both a 401(k) and an IRA, but you may not be maximizing the advantages of both. Watch Now to learn how you can optimize your savings for retirement.
COVID-19
IRS Releases Guidance on Q4 Removal of Employee Retention Credit
Authored By RSM US LLP
The Infrastructure Investment and Jobs Act passed in November ended the employee retention credit (ERTC) early, changing the eligible wages to only those paid before Oct. 1, 2021 rather than Jan. 1, 2022 as previously expanded in the American Rescue Plan Act. This change does not apply to recovery startup businesses. Many businesses were filing […]
IRS enhances employee retention credit guidance for open questions
Authored By RSM US LLP
Employers impacted by COVID-19 that may be eligible for the employee retention tax credit (ERTC) finally have some additional guidance from the IRS that addresses a few unanswered questions, although some outstanding questions are still unanswered. Background The ERTC was originally enacted by in the CARES Act in March 2020. Its use by taxpayers was significantly increased […]
Accounting
Key takeaways for employers under the SECURE 2.0 Act of 2022
Authored By RSM US LLP
SECURE 2.0 Act significantly changes the tax rules governing qualified retirement plans and individual retirement accounts (IRAs).
When To Outsource Your Accounting
Authored By GreerWalker
Thanks to the cloud and automation, outsourcing has never been a more viable option than it is today. Quite often, outsourcing can be more efficient and less expensive than hiring dedicated staff. In this video, we’ll cover the benefits of outsourcing your accounting.
Is It Time To Outsource Accounting For Your Business?
Authored By GreerWalker
We know what you’re thinking, “Why do I need a new accounting provider? We could just do it ourselves.” That’s true, but giving your accounting to untrained employees can cost you time and money in the long run. Our clients come to us with a number of reasons they‘re ready to commit to our payroll […]
Choosing The Right Accounting Services For Your Business
Authored By GreerWalker
While valuable, this ability to customize your accounting services can make it a little tricky to show how we structure our services so, to simplify things, we often explain it in terms of three standard levels of service. Generally, most organizations choose a level of service that lands within one of these three categories: Basic […]
Are You Keeping Up With Accounting Compliance And Standards?
Authored By GreerWalker
ASU 2016-02, Leases (Topic 842) This ASU provides new regulations which affect all organizations that lease assets, such as real estate, vehicles, and equipment. Previous standards differentiate reporting requirements based on whether an agreement is a capital lease or an operating lease. ASU 2016-02 changes this by requiring all leases with terms of more than […]
7 Ways Outsourced Accounting Will Help Your Business
Authored By GreerWalker
Although many businesses consider outsourcing as a way to save time and money, they often discover many other benefits: More time to focus on other things By outsourcing the most time-consuming aspects of your accounting, you can free up that time to take care of the more important tasks needed to run and grow your […]
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