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State taxation of digital assets evolves as legislatures return

State taxation of digital assets evolves as legislatures return

State digital asset tax policy progressed in 2022 and could make further strides in 2023, despite decreased enthusiasm for certain digital assets.
Key takeaways for employers under the SECURE 2.0 Act of 2022

Key takeaways for employers under the SECURE 2.0 Act of 2022

SECURE 2.0 Act significantly changes the tax rules governing qualified retirement plans and individual retirement accounts (IRAs).
Health care and cybersecurity insurance: The importance of understanding your organization’s coverage

Health care and cybersecurity insurance: The importance of understanding your organization’s coverage

Cyber insurance could be a way to protect health care organizations from costly threats, but there's much to consider about this coverage.
Supply chain management: Protect profits with total cost awareness

Supply chain management: Protect profits with total cost awareness

Maintaining profit margins in your supply chain requires an understanding of the total landed cost leveraging a data-driven approach.
ASC 842: The clock is ticking; act now to remain compliant

ASC 842: The clock is ticking; act now to remain compliant

Many middle market private companies have delayed ASC 842 adoption. RSM has options to help ensure compliance, but you must act now.
2023 annual revenue procedures updates for exempt organizations

2023 annual revenue procedures updates for exempt organizations

IRS 2023 annual revenue procedures have limited changes affecting exempt organizations.
ASC 740: Year-end provision considerations for 2022

ASC 740: Year-end provision considerations for 2022

A roundup of global income tax considerations and changes in tax law for corporations preparing income tax provisions under ASC 740 for the fourth quarter of 2022.
Double Your Tax Savings with Home Sale Gain Exclusion Plus Like-Kind Exchange

Double Your Tax Savings with Home Sale Gain Exclusion Plus Like-Kind Exchange

Selling a highly appreciated principal residence could trigger a large gain. While some of the gain may be sheltered with the home sale gain exclusion, the rest could result in a sizable income tax bill. To avoid this negative tax outcome, you could convert the home into a rental property and eventually execute a tax-deferred Section 1031 like-kind exchange. Here's how this double play strategy works
A guide to accounting for investments, loans and other receivables

A guide to accounting for investments, loans and other receivables

Information about accounting for equity securities, debt securities and loans and other receivables, including recognition of credit losses.
Treasury and IRS release interim guidance on corporate minimum tax

Treasury and IRS release interim guidance on corporate minimum tax

Notice 2023-7 provides interim guidance on certain items related to the new corporate minimum tax in anticipation of forthcoming proposed regulations.
The IRS issues guidance on new 1% stock buyback excise tax

The IRS issues guidance on new 1% stock buyback excise tax

Treasury and the IRS issues guidance on the new 1% stock repurchase (buyback) excise tax, which can assist corporations reporting the tax.
With no year-end tax package, businesses face unfavorable changes

With no year-end tax package, businesses face unfavorable changes

Businesses must contend with several unfavorable tax changes after no significant business tax provisions appeared in a year-end omnibus package.
Treasury releases 2022 year-end guidance timeline

Treasury releases 2022 year-end guidance timeline

Treasury’s 2022 year-end guidance timeline explains what guidance can be expected before the new year and in spring 2023.
Don’t be fooled, the great resignation isn’t over: Talent retention in a new age

Don’t be fooled, the great resignation isn’t over: Talent retention in a new age

The pandemic revolutionized the workplace, with sweeping changes everywhere. Remote work continues to be attractive, partly because COVID-19 concerns persist.
Housing starts and permits fall as the correction continues

Housing starts and permits fall as the correction continues

New housing starts dropped for the third month in a row in November as the housing market continued to be in correction mode.