Insights & News

Important Changes to California’s Elective Pass-Through Entity Tax

By Jacob Sheffield, CPA, MST | February 23, 2022

California recently revised its SALT cap workaround to be more appealing for qualifying owners of S…

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What You Need to Know About the Child Tax Credit and Economic Impact Payment Notices

By Debbie Mathieu | February 21, 2022

Many taxpayers have already received IRS Letters 6419 and 6475 containing details about their 2021 advance…

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Employees in Other States? Here are the Top Tax Implications to Consider

By Jacob Sheffield, CPA, MST | February 16, 2022

Return-to-office plans remain in a state of limbo as some employers find that a remote work…

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How are Trusts Taxed?

By BPW | February 8, 2022

A trust can be a powerful estate-planning tool, but contrary to popular belief, trusts do not…

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Tax Breaks for the Elderly

By BPW | January 27, 2022

Getting older has its perks, including tax breaks. Your income threshold for filing a tax return…

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Congress Open to Considering a Pause on Automated Tax Notices

By RSM US LLP | January 19, 2022

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

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IRS Announces 2022 Limits for Retirement Plans

By BPW | January 6, 2022

The IRS has announced the new retirement plan numbers for 2022. Retirement limits for 401(k) and…

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What Papers do You Need to Save?

By BPW | December 17, 2021

Sometimes it feels good to get rid of clutter, especially this time of year when the…

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

By RSM US LLP | 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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DOL Reveals Key Change for Tipped Workers

By BPW | December 7, 2021

Employees in occupations where gratuities are common, such as restaurant waitstaff, have long fallen into a…

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IRS Clarifies Temporary Deductibility of Per Diem Meal Expenses

By RSM US LLP | November 29, 2021

The IRS issued Notice 2021-63, clarifying previous guidance pertaining to the deductibility of food and beverages provided by a restaurant.

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Section 174 Research Deduction Changes for 2022

By Devin Witt | November 19, 2021

Have you been deducting your R&D expenses as they occur? Starting in the new year, that…

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