Insights

3 tests, few answers: The not-so-simple world of worker classification

3 tests, few answers: The not-so-simple world of worker classification

Growing businesses need to add workers. As the popularity of independent contractors grows, so does scrutiny over employee classification.
Research credit limitations

Research credit limitations

Owners and beneficiaries of pass-through entities are generally allowed to take advantage of the section 41 credit for research activity.
DIY approach can be a bad bet when negotiating credits and incentives

DIY approach can be a bad bet when negotiating credits and incentives

Companies that negotiate their own credits and incentives often miss opportunities and create compliance issues.
Strong internal controls can help minimize losses

Strong internal controls can help minimize losses

There are a number of steps construction companies can take to help avoid unintended losses resulting from error or outright fraud.
Performing a 401(k) retirement plan self-checkup

Performing a 401(k) retirement plan self-checkup

When an employer sponsors a retirement plan for its employees, it must carefully consider, and continually monitor, the plan provisions.
Treasury Priority Guidance Plan 2021-2022 – Exempt Organizations

Treasury Priority Guidance Plan 2021-2022 – Exempt Organizations

The 2021-2022 Priority Guidance Plan contains anticipated guidance projects that would affect exempt organizations.
3 questions to ask before co-sourcing your tax function

3 questions to ask before co-sourcing your tax function

The decision to co-source the tax function is not simple. Answer these 3 questions to uncover a better approach to tax function efficiency.
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.