INSIGHTS AND RESOURCES

Digital strategies for business services

Digital strategies for business services

Business services should leverage technology to achieve their profitability goals. Leveraging technology to empower your people.
House Ways and Means releases reconciliation tax payfors

House Ways and Means releases reconciliation tax payfors

House Ways and Means issues its discussion draft amendment with revenue items to offset $3.5 trillion spending package.
Taxpayer Advocate Service struggles with a backlog of cases

Taxpayer Advocate Service struggles with a backlog of cases

Taxpayer Advocate Service is wrestling with a backlog of cases trying to navigate the changing environment of the pandemic.
Senator Wyden’s draft proposals target partnership tax rules

Senator Wyden’s draft proposals target partnership tax rules

Senator Wyden’s recent ‘discussion draft’ legislation, if enacted, would drastically alter many of the tax rules that apply to partnerships.
Audited financial statements and climate-related risk considerations

Audited financial statements and climate-related risk considerations

The CAQ has issued a publication that describes how accounting and auditing standards apply to climate-related risks.
Ransomware: Protecting your business against evolving risks

Ransomware: Protecting your business against evolving risks

Ransomware attacks are increasing and threatening organizations of all sizes. The RSM cybersecurity report reveals new ransomware data.
Using a charitable remainder trust (CRT) to replace the stretch IRA

Using a charitable remainder trust (CRT) to replace the stretch IRA

IRA beneficiaries can now be stuck with a very tax-inefficient asset after the owner’s death. Learn the solution.
IRS extends Hurricane Ida Relief to New York and New Jersey victims

IRS extends Hurricane Ida Relief to New York and New Jersey victims

IRS postpones certain filing, payment and other deadlines for taxpayers affected by Hurricane Ida in New York and New Jersey.
IRS adds certain self-dealing transactions to no-rule list

IRS adds certain self-dealing transactions to no-rule list

The IRS will not issue PLRs on transactions involving a PF’s interest in an LLC that owns a disqualified person’s promissory note.
Driving security transformation through automation, AI and analytics

Driving security transformation through automation, AI and analytics

Security transformation should be a top priority. Modern security operations use AI-driven automation to reduce manual processes.
IRS – Wages for R&D do not include wages for Employee Retention Credit

IRS – Wages for R&D do not include wages for Employee Retention Credit

The IRS revises Form 6765 so in 2021 taxpayers cannot use the same wages to calculate both the R&D credit and the employee retention credit.
Democrats release draft bill to overhaul U.S. international tax rules

Democrats release draft bill to overhaul U.S. international tax rules

Senate Finance Chairman Wyden unveils draft international tax reform bill that would overhaul GILTI, FDII and BEAT rules.
Joint venture consolidations in commercial real estate

Joint venture consolidations in commercial real estate

It’s critical that joint venture partners evaluate drivers of economic and financial performance at each project stage.
IRS extends Oct. 15 deadline for victims of Hurricane Ida

IRS extends Oct. 15 deadline for victims of Hurricane Ida

IRS postpones certain filing, payment and other deadlines for taxpayers affected by Hurricane Ida. IRS provides additional relief.
Deductibility of fruitless IPO or SPAC preparation costs

Deductibility of fruitless IPO or SPAC preparation costs

Companies abandoning plans for IPO or SPAC transactions should consider the deductibility of transaction costs and termination fees.