Fed holds rates steady as it implies three rate cuts in 2024
The primary takeaway from the Federal Open Market Committee’s policy statement and forecast is that the Fed, along with other major central banks.
Posts by:
RSM US LLP
IRS announces new initiative aimed at high-income non-filers
IRS announces initiative aimed at high-income earners who have not filed tax returns. IRS estimates 125,000 instances of non-filing.
Retirement plan audit and contribution considerations
The evolving retirement plan landscape opens opportunities for companies to review employee compensation packages and consider changes to their plans.
Tax relief bill passes House, faces uncertain fate in Senate
Tax legislation packaging the child tax credit and favorable business tax provisions moves to the Senate with momentum but an uncertain fate.
Deadline for filing 2023 forms 1099 is near but beware of important changes
New electronic filing requirements, revised form 1099-NEC and new form 15397 present addional challenges for 1099 filers that may necessitate updates
Tax framework agreement sets direction for potential business and individual tax relief
Section 174 expensing, a return to EBITDA for section 163(j), an extension of 100% bonus depreciation and disaster relief paid for by ending Employee Retention Credits (ERC)
The art of the practical: Adopting AI in a responsible way
Insights and best practices on how to navigate the intricate AI environment and drive enhanced growth and efficiency.
New guidance on section 174 research expenditures
Notice 2024-12 clarifies rules regarding research performed under a contract while Rev. Proc. 2024-9 updates guidance on accounting method changes.
IRS announces details for ERC Voluntary Disclosure program
IRS provides VD Program for employers to return ERC refunds and avoid penalties and interest. Employers must apply by March 22, 2024.
IRS will use AI to help target partnerships and high net worth individuals
The IRS announced a sweeping enforcement effort that will engage AI to focus on large partnerships and wealthy individuals.