Additional reminders about the Employee Retention Credit
RSM provides guidance on accounting for the Employee Retention Credit in an entity’s financial statements.
Monthly Archives
August 2023
IRS rules on treatment of cryptocurrency validation rewards
In a recent revenue ruling, the IRS stated that blockchain validation awards such as digital coins created by a computer algorithm are gross income to a cash-basis taxpayer at the time of receipt
Back-to-school outlook: Inventory levels point to sustained discounting strategies
Retailers will continue discounting through the back-to-school shopping season and beyond.
Safeguard your legacy by avoiding these 8 estate planning pitfalls
Estate planning tips to help you avoid common pitfalls and safeguard your wealth and legacy.
Cost recovery, losses and R&D
This roundup of developments in the tax accounting methods and periods realm covers rulings and advice regarding cost recovery and losses.
Married and tax-savvy: evaluating your filing options
Discover the key considerations when deciding whether to file taxes jointly or separately as a married couple, including the impact of state laws, deductions, and retirement account savings. Make an informed decision to minimize your tax liability and maximize your financial benefits.
Will You Need To Report Beneficial Ownership Information?
The Corporate Transparency Act will require most businesses to provide beneficial ownership information to the U.S. Department of Treasury to combat money laundering. Find out who needs to report, what information is required, and when the reports must be submitted.
How Top CEOs Found Success Through Immersion
Discover how CEOs of Airbnb, Starbucks, and Uber immersed themselves in their own businesses as customers and frontline employees, gaining valuable insights that transformed their companies. Learn how their firsthand experiences led to innovative improvements and a better understanding of their customers’ needs.
U.S. charitable donations fell last year
Donations to charity fell to $499 billion last year, a 3.4% decrease from 2021.