IRS will use AI to help target partnerships and high net worth individuals
12/8/2023
The IRS announced a sweeping enforcement effort that will engage AI to focus on large partnerships and wealthy individuals. […]
Accounting News
The DOL’s latest overtime proposal could impact your payroll
12/7/2023
The DOL has a new overtime proposal on the table, and it could have major implications for your payroll. Learn about the potential changes and how they could impact your […]
Accounting News
IRS delays implementation of lower $600 reporting threshold for 1099-K
11/29/2023
New IRS notice 1099-K for small vendors will be subject to existing requirements for TY 2023, followed by a phased-in approach. […]
Accounting News
IRS Releases 2024 tax inflation adjustments
11/13/2023
IRS releases inflation adjustments for 2024. Inflation adjustments impact individual tax brackets and other various provisions of the Code. […]
Accounting News
Year-end tax planning guide for individuals
10/16/2023
RSM’s 2023 year-end tax planning guide for individuals and business owners. […]
Accounting News
5 signs your compensation and benefits packages need an overhaul
10/10/2023
Understanding the tax implications of your compensation and benefits plans is essential if you want to avoid tax liabilities and offer packages that attract the right talent. […]
Accounting News
Property taxes: calculation and minimization strategies
09/21/2023
Gain a clear understanding of how property taxes are calculated, including the crucial role of the mill rate and how the assessed value of your property is determined, empowering you […]
Accounting News
The home office deduction: myths and must-knows
09/7/2023
The home office deduction offers a valuable tax break for the self-employed, freelancers, and independent contractors. Learn about the deduction and how it may reduce your tax liability. […]
Accounting News
Understanding elective pay for energy tax credits
08/17/2023
The IRS has proposed rules for an “elective pay” provision under the Inflation Reduction Act, allowing entities that don’t typically qualify for energy tax credits to claim these benefits. This […]
Accounting News
Private foundation do’s and don’ts: Common self-dealing issues
08/1/2023
Private foundations generally may not engage in transactions with disqualified persons, even under terms that are favorable to the private foundation. […]
Accounting News
Debunking 5 common myths about nonprofits and AI
07/27/2023
There are many misconceptions about artificial intelligence. Here are five common myths to debunk about nonprofits and AI. […]
Accounting News
Proactively identifying and addressing employee burnout
07/13/2023
Employee burnout can have devastating effects on your business, leading to increased turnover, decreased productivity, and low employee satisfaction. This article provides valuable insights on how to proactively identify and […]
