Insights

Featured Insights

No results found.

All Insights

Nebraska enacts new sales and use tax exemption for ethanol producers

Nebraska enacts new sales and use tax exemption for ethanol producers

Nebraska broadly exempts manufacturing inputs used by ethyl alcohol producers from the sales and use tax effective Oct. 1, 2021.
Colorado enacts numerous tax-related bills

Colorado enacts numerous tax-related bills

Trio of tax bills impact individual and business filers with significant corporate income tax changes scheduled for 2022.
New guidance for facilities producing alcohol for hand sanitizer

New guidance for facilities producing alcohol for hand sanitizer

Provides guidance into the extended approval of exemptions for distilled spirits permittees to facilitate hand sanitizer production.
Tax Court clarifies timing of basis reduction following COD event

Tax Court clarifies timing of basis reduction following COD event

The basis reduction following a discharge of qualified real property business indebtedness (QRBPI) may take place in the year of discharge.
Arizona flat tax gets new lease on life

Arizona flat tax gets new lease on life

Arizona budget proposals reduce rates, keep the flat tax alive for future years, and provide a rate cap for high earners.
Cybersecurity considerations and trends for board and audit committees

Cybersecurity considerations and trends for board and audit committees

As cybersecurity threats emerge and expand, boards of directors have increased responsibility to address potential threats.
New Jersey officials strike budget deal

New Jersey officials strike budget deal

New Jersey budget deal commits less than 5% of the state’s budget surplus to tax relief, ignoring mobile individuals and businesses.
Updated: Goodwill accounting alternatives for certain entities

Updated: Goodwill accounting alternatives for certain entities

We recently updated our white paper to reflect the new goodwill accounting alternative provided in FASB ASU 2021-03.
Coronavirus: Updates about certain Provider Relief Fund requirements

Coronavirus: Updates about certain Provider Relief Fund requirements

We updated the discussion about certain government assistance in our Coronavirus: Financial reporting considerations white paper.
IRS adds vehicles to qualified plug-in vehicle list

IRS adds vehicles to qualified plug-in vehicle list

The IRS has added the 2021 Hyundai Ioniq to list of vehicles eligible for section 30D credit affecting buyers and lessors of these vehicles.
New IRS guidance on ADS recovery period of residential rental property

New IRS guidance on ADS recovery period of residential rental property

Guidance provides procedures to implement the retroactive 30-year ADS recovery period for residential rental property.
Wayfair nexus turns three by celebrating near universal adoption

Wayfair nexus turns three by celebrating near universal adoption

Three years after the Wayfair decision, economic sales tax nexus has become the norm, but unanswered questions and numerous issues remain.
Proposed guidance: Discount rate for lessees that are not PBEs

Proposed guidance: Discount rate for lessees that are not PBEs

The FASB has proposed allowing lessees that are not PBEs to make the risk-free rate election by class of underlying asset.
Cybercrime risk: Top middle market vulnerabilities

Cybercrime risk: Top middle market vulnerabilities

Cybercrime is still on the rise. Here are key statistics from RSM's 2021 Middle Market Business Index Cybersecurity Report.
Retirement Report: Third Quarter 2021

Retirement Report: Third Quarter 2021

In this issue of the Retirement Advisory Report, we discuss 2021 updates to regulations that may affect you and your retirement plan.