Insights by Author: RSM US LLP

IRS Releases 2024 Retirement Plan Limitations

November 6, 2023

Cost-of-living adjustments to retirement plan limits for 2024 have been issued by the IRS in Notice 2023-75.

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Revenue Recognition for Franchisors

September 15, 2023

In 2014, the FASB issued new revenue recognition guidance that replaces most pre-existing revenue recognition guidance, including industry-specific guidance, in U.S. GAAP.

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What does SECURE 2.0 mean for small employers?

March 20, 2023

SECURE 2.0 changes retirement plan rules for small employers with 100 or fewer employees.

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10 smart moves for real estate investors and operators at year’s end

November 17, 2022

As we close the books on 2022, RSM’s real estate senior analyst Scott Helberg shares 10 important year-end resolutions for real estate investors to consider

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Fed Raises Its Policy Rate by 75 Basis Points as It Prepares to Slow Pace of Hikes

November 2, 2022

The Federal Reserve increased its policy rate by 75 basis points on Wednesday to a range between 3.75% and 4% as it hinted at slowing the pace of its hikes.

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What Is an S-Corp Election?

October 27, 2022

Business owners often struggle with determining the optimal legal structure and tax treatment for their business. This video will explain an S-Corp tax election and how it may benefit you and your business.

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IRS Grants Failure to File Penalty Relief for 2019 and 2020 Returns

August 30, 2022

Executive Summary The IRS released Notice 2022-36 providing relief for certain taxpayers from certain failure to…

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The Price of War: Risks Around the Inflation Outlook

May 10, 2022

While we expect the annual inflation rate to peak this quarter as comparisons to the lower…

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Congress Open to Considering a Pause on Automated Tax Notices

January 19, 2022

National Taxpayer Advocate, Erin Collins, recommends the IRS pause automated collection notices. Congress may consider the recommendation.

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Tax Policy Update: How the Build Back Better Act Affects Individuals

December 14, 2021

RSM’s policy and national tax teams give insight on how the Build Back Better Act will affect family offices and higher income individuals.

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IRS Allows $500 Carryover for Unused Healthcare FSAs

The IRS just announced a new exception to the longstanding "use or lose" rule for healthcare ...
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BPW Helps Spread Holiday Cheer at Junior League’s Festival of Trees

Santa Barbara, CA – BPW sponsored a Christmas tree at the first annual Festival of Trees to support ...
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Deducting Charity-Related Expenses

Most people are aware of deducting charitable contributions, but did you know that you may also ...
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The Buzz on Benefit Corporations & B Corps

Ben & Jerry's, Etsy, Seventh Generation and our very own local icon, Patagonia, are a few ...
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Record Retention Guidelines and Policy Development

Although the topic of recordkeeping, including retention and destruction of records, may appear to be straightforward, ...
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IRS Debuts Final Repair Regs

To expense or capitalize? That is the question companies face when they acquire, produce or improve ...
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Ellyn Cole Named One of the 40 Under 40

Congratulations to Ellyn Cole, who was recently named one of the 40 Under 40 by the Pacific ...
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IRS Changes How Tips & Service Charges are Handled

As you may recall from a previous article, the new IRS rule on classifying tips and ...
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John Britton Honored by Rotary Club of Santa Barbara North

Santa Barbara, CA – BPW Partner, John Britton, was recently honored with the Vocational Service Award ...
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2013 Year-End Tax Planning for Businesses

I hope that you had the opportunity to read Elizabeth's blog article, where she discussed tax ...
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2013 Year-End Tax Planning for Individuals

As we near the end of 2013, now is an excellent time of year to review ...
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Points to Remember When Planning Your Estate

It is on your list of things to do, but something always comes up. Estate planning ...
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