RSM US Manufacturing Outlook Index: Downturn continues
The combination of monetary policy tightening and geopolitical pressures on energy prices and demand has taken its toll on the U.S. manufacturing sector.
Monthly Archives
May 2023
Workforce strategy: Tax considerations for a sustainable, effective plan
The tax planning and compliance considerations are often complex, so we have curated these insights to help foster your understanding.
6 Misconceptions of a Revocable Living Trust
A revocable living trust, or RLT, offers many benefits, including probate avoidance, privacy, and flexibility in managing assets during one’s life, incapacity, and death. However, despite their popularity as an estate planning tool, there are many misconceptions surrounding revocable trusts that lead to confusion and misunderstandings. Watch this video to learn about the top six misconceptions.
Business Travel Expenses: Per Diem vs Actual Expenses
If your employees travel for work purposes, it’s important to understand the various methods of tracking and substantiating travel expenses so that you can maintain accurate records, control costs, and take advantage of potential tax benefits. Watch this video to learn about business travel expenses, per diem allowances, and how they affect employees and employers.
Navigating trust taxation: strategies and insights
Trusts are an essential tool for estate planning, but their tax implications can be confusing. Understand the differences between revocable and irrevocable trusts, grantor and non-grantor trusts, and simple and complex non-grantor trusts to determine which trust is best for your unique financial situation and goals.
Commercial real estate is high among bankers’ ongoing debt concerns
Signs point to increasing credit risk in commercial real estate loan portfolios, as recent skittishness around lending has compounded existing concerns.
Residential energy credits: enhancing efficiency and saving on taxes
Looking to invest in energy-saving measures? Find out how the Inflation Reduction Act of 2022 has increased tax credits for energy-efficient home improvements and residential clean energy property. This article explains eligibility criteria and credit limitations to help taxpayers make informed decisions.
Understanding Sole Proprietorships, Single-Member LLCs, and the Schedule C
If you earn income as a freelancer, independent contractor, or from a side gig, you’ll likely do so as a sole proprietor or single-member LLC and report your income on a Schedule C. Learn more about these types of entities and the Schedule C in this article.
RSM US Manufacturing Outlook Index: Slowdown continues into April
Overall manufacturing activity remains at 1.85 standard deviations below normal, a level consistent with past recessions.