Nonprofits need to study affluent donors and giving trends
Smaller donations and gifts from lower-income donors have consistently dropped. This is why analyzing the giving trends of more affluent donors is critical for nonprofits.
New energy efficient home credit guidance
Notice 2023-65 provides guidance on the section 45L new energy efficient home credit as amended by the IRA.
IRS updates e-signature policy and releases online accounts for sole proprietors
The IRS makes permanent e-signature guidance generated in response to COVID pandemic and launches online business tax account for sole proprietors.
IRS announces ERC Withdrawal Program
IRS announces simplified method for employers who have not yet received ERC refunds to withdraw claims that they now believe are ineligible.
Year-end tax planning guide for individuals
RSM’s 2023 year-end tax planning guide for individuals and business owners.
State and local tax year-end considerations in 2023
RSM’s state and local tax year-end planning guide contains actions and ideas taxpayers should be thinking about.
What to do if you filed an employee retention credit claim with the IRS
ERC submissions are under scrutiny by the IRS due to a surge in questionable claims. Are you confident your claim meets the eligibility requirements and can stand up to a potential audit?
Rising interest rates put a spotlight on cash management for construction
Rising interest rates put a spotlight on cash management for construction contractors looking to reduce liquidity risk.
FASB issues ASU on leases between entities under common control
FASB issues ASU responding to private company stakeholders’ concerns about applying ASC 842 between entities under common control.
How high will interest rates go?
We expect the Fed to raise its policy rate above 5% in the near term while at the same time reducing its balance sheet by $95 billion per month.
