2024 election outlook and its potential impact on lifetime estate/gift and GST exemptions
Insights
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Business tax implications of Federal Reserve interest rate cuts
The Federal Reserve’s 50-basis-point interest rate cut on Sept. 18 marked a significant shift in monetary policy aimed at stimulating economic growth and investment. This move, and potential rate cuts in November and December, are expected to have wide-ranging implications for businesses, according to RSM US Chief Economist Joe Brusuelas.
Examining the heightened political scrutiny of grantor trusts
Prior scrutiny of grantor trusts and future impact of proposed bills on grantor trusts
Governing cybersecurity requires understanding your enterprise’s digital systems
Boards and management teams must take steps to take advantage of evolving complex digital systems, including AI, while minimizing risk.
AI’s ethical implications for media companies
As Artificial Intelligence plays a new role in composing and directing, the industry must navigate implications for intellectual property rights and questions AI raises about the nature of creativity and ownership.
Accounting brief: Lessee accounting for tenant improvements
This publication provides guidance on accounting for these arrangements.
Securing the enterprise: Addressing your potential cybersecurity challenges
RSM’s cyber response team has identified five common areas that can complicate recovery from a cybersecurity attack.
At this tax policy crossroads, begin preparing for tax changes in 2025
How businesses and individuals can prepare for a transformative tax policy event in 2025 that will be shaped by 2024 election outcomes.
Maximize Your Tax Benefits: Essential Strategies for Older Taxpayers
As people age, they become eligible for a range of tax advantages that can help save money. This article covers essential tax strategies for older taxpayers, including catch-up contributions to retirement accounts, Roth IRA conversions, charitable donations from IRAs, gifting appreciated assets, and medical expense deductions. Learn how these tactics can increase retirement wealth and reduce tax bills, ensuring a more secure financial future. Read the full article to discover detailed strategies.
Is a Roth IRA Conversion Right for You?
Roth IRA conversions can lead to tax-free growth and estate planning advantages. However, it’s important to weigh the pros and cons before making a decision. This article outlines the factors that make a Roth IRA conversion beneficial and when it may be less advantageous. Whether you’re looking to maximize retirement savings or plan for your heirs, learn how a Roth conversion could play a role in your financial strategy.