Liabilities not assumed and not includable in basis until service is performed. Taxpayers urged to examine past, present and future acquisitions.
Liabilities not assumed and not includable in basis until service is performed. Taxpayers urged to examine past, present and future acquisitions.
Analyzing a target’s tax exposure can reduce uncertainty and help you proceed with confidence.
Seeking tax advice is critical when a company is considering refinancing or modifying debt obligations or filing for bankruptcy.
Determining the after-tax value of a company will help you realize its full potential during a sale.
“Investment asset’’-rich spinoffs, similar to Yahoo’s Alibaba spinoff, and spinoffs followed by REIT/RIC elections, fall victim to “no-rule” policy.
Tax planning offers opportunities for minimizing issues caused by income in respect of decedent.
When looking to carryback an NOL following a leveraged buy-out or distribution, the CERT rules of IRC section 172(h) are often a trap for the unwary.
In a merger, a shareholder received stock and cash. His receipt of cash was taxable “boot” to the extent he realized gain.
The $32 billion deal required Shire, Baxalta and Baxter to address the tax treatment of Baxter’s 2015 spin-off of Baxalta.
Related-party traps can lead to ordinary income, as opposed to capital gain, recognition by pre-transaction target entity shareholders.
Accrual-basis taxpayers cannot include assumed liabilities in the cost basis of acquired assets until the liabilities meet the all-events test.
Failure to avoid legal or substantive stapling of debt and equity could result in lost tax deductions.
Sometimes paying a tax can be a sound planning idea.
Companies should understand how states collect millions in unpaid sales tax from internet sales and other remote purchases.
Misconceptions about the federal research and development tax credit leave many companies paying more tax than required.
Mark your calendar for RSM's annual construction industry conference and revenue recognition workshop in San Antonio on Nov. 16.
Join RSM on Nov. 9 as we share our insights on how the new revenue recognition standard (ASC 606) affects the construction industry.
Join RSM for an overview of FASB’s new credit impairment model—one of the most significant accounting standards banks have faced in years.
Understand the parameters of cybersecurity threats and some key steps your casino can use today to protect itself.
Retailers using “fulfilled by Amazon” distribution channel should be aware of the limited-time amnesty program.
When developing plans to expand or improve facilities, manufacturers should take an approach that includes analysis of tax opportunities.
Learn how sell-side due diligence can help maximize value and minimize negotiations.
Analysis of ASU 2016-13’s new credit impairment guidance (e.g., the CECL model), including a comparison of the new guidance to the old.
While all leases will need to be considered under the new lease guidance, there are signiﬁcant ramiﬁcations to leases involving real estate.
A white paper about how entities in the health care industry may be affected by the new revenue recognition guidance in ASC 606.
A white paper about how entities in the life sciences industry may be affected by the new revenue recognition guidance in ASC 606.
Credits and incentives aren’t just for new businesses. Learn how private equity companies may be able to benefit when buying existing businesses.
This guidance provides updates on the tax treatment of remodel or refresh expenditures and a safe harbor method of accounting for qualified taxpayers.
The guidelines for determining ACA employment status when an employer changes the measurement method or period are clarified in Notice 2014-49.
Companies often overlook payroll and employment taxes during transactions. Learn how to avoid this potentially costly mistake.
Connecticut classifies use tax noncompliance as a felony, creating potential for serious repercussions for taxpayers and tax preparers alike.
From Quill to the Marketplace Fairness Act and beyond, online and remote sales tax has been a volatile issue in today's economy. Watch now.
Growth in remote purchasing has states seeking ways to collect the sales tax funds, holding retailers and consumers responsible.
The IRS issued a new safe harbor that may be beneficial to retail and restaurant taxpayers incurring remodel and refresh costs.
Manage the Critical Control Points in their supply chain, develop food safety/recall plans, and manage raw material through automated and ...
Automate Batching, Blending and Mixing Operations to Ensure Lowest Cost, Best Quality Solutions
Grower Financials for Contracts, Inventory, Payment Settlement and Commodity Cost/Variance Management
Providing retailers with a powerful solution that helps representatives be more responsive to customer needs.
RSM-MCR’s Order Entry functionality enables customer service representatives to deliver an expedient purchasing experience that ensures high levels...
RSM-MCR’s Order Fulfillment Workbench enables high-volume retailers to improve the efficiency and accuracy of their order picking system
Retail Point-of-Sale (POS) retail software and Store Management functionality allows the store to operate in a comprehensive multi-channel ...
RSM for Retail provides a 360 degree visibility and control over your retail inventory.
TPM provides complete visibility and control for food manufacturers to handle everything from analysis, funding and planning to execution and claim...
Automatically track transactions to record both inventory and accruals to the general ledger.
For growers, producers, manufacturers and distributors, RSM delivers high-value ERP solutions for the modern food and beverage marketplace.
RSM delivers flexible, scalable farm-to-fork ERP solutions to meat and poultry processors built on the Microsoft Dynamics AX platform.
RSM delivers flexible end-to-end solution suite for the dairy industry built on the Microsoft Dynamics AX platform.
RSM offers grocery manufacturers a powerful combination of industry knowledge coupled with unsurpassed technical experience in Dynamics AX.
Learn how technology can help food and beverage companies with food safety and traceability
RSM delivers flexible, scalable farm-to-fork ERP solutions to meat and poultry processors built on the Microsoft Dynamics AX platform.
RSM offers private label manufacturers a Microsoft Dynamics AX-based enterprise resource planning solution.
RSM delivers field-to-fork solution for the produce industry built on the Microsoft Dynamics AX platform. Learn more here.
RSM helps processors of ready-to-eat manufacturers drive the safety, visibility, analytics, growth and profitability they require in an ERP.
RSM bring seafood processors robust capability of Dynamics AX accelerator for fish accounting—flexible, scalable sea-to-fork ERP solution.
RSM has proven, hands-on experience integrating Microsoft Dynamics AX solutions in brick-and-mortar retail establishments around the globe.
RSM is uniquely positioned to bring call center clients the proven power and functionality of Microsoft Dynamics AX.
RSM helps catalog retailers gain operational visibility and streamline complexity to ultimately drive profitability and sustainable growth.
RSM brings mobile retailers the single-platform capabilities of RSM’s end-to-end solution designed exclusively for Microsoft Dynamics AX.
Learn how technology can help with compliance and position your company for growth.
A large social services board utilized RSM’s Dynamics 365 services to implement an efficient and streamlined case management process.
Join RSM’s nonprofit specialists for a webcast on March 1 to learn about the benefits of an effective outsourcing strategy.
Join us on Tuesday, March 28 for a webcast examining risk management strategies designed to help preserve your wealth for future generations.
Learn how and when to negotiate a sale for a successful ownership transition.
PCI compliance has been an afterthought for many financial institutions, but adherence to PCI DSS guidelines protects cardholder data.
Join RSM on Dec. 13 as we share our insights on how the new revenue recognition standard (ASC 606) affects the life sciences industry.
Register for our in-depth, half-day seminar that will answer your questions about implementing new revenue recognition guidance.
Get the latest on sales and use tax for online or remote purchases and digital goods. Know what may happen next and what that means for your ...
When selling your company, your employees may be the ideal buyer. Learn how ESOPs work within the frame of business succession strategies.
A recent FASB proposal is intended to improve financial reporting for insurance companies that issue long-duration contracts.
Our white paper recently was updated to reflect significant changes made to FASB ASC Topic 606 since its original issuance in May 2014.
Retailers should understand the tax and accounting issues that arise when responding to consumer demands for discounted goods.
Learn the value of enterprise resource planning to meet your food business’ demands, while maximizing narrow margins.
Blend optimizers can be a cost and time saver, automating mixing and blending operations; however, it is important to find the right one.
Learn how to make your key performance data drive business value and growth.
The seafood industry must embrace evolving traceability technologies and processes to ensure food safety, and ultimately, sustainability.
For food and beverage companies, greater data visibility can ensure safety compliance and boost growth.
Food and beverage manufacturers: Learn to manage quality, quantity, expiration and cost with specific enterprise resource planning.
From faster processes to happier clients, a smart traceability solution provides food manufacturers start-to-finish insight on their products.
Learn why food and beverage companies need prompt and effective product recall reporting to ensure consumer and supply chain protection.
Address your food product recall worries with a comprehensive action plan and a robust traceability solution.
Learn how a robust inventory management system can streamline supply chain and deliver products faster and fresher.
View your traceability solution strategically, not just as something to meet necessary food safety compliance demands.
Learn ways enterprise resource planning provides a competitive edge in a dramatically shifting grocery retail marketplace.
Retailers should assess gift card procedures including an annual review of reporting, sales tax, unclaimed property and more.
Investing in omnichannel to reach customers? Consider tax opportunities related to website development and business expansion.
Learn about aggressive growth in construction and capital projects within Indian communities, and why construction audits are critical to manage ...
From tuition waivers to deferred comp plans, understand the tax ramifications that independent schools should know about fringe benefits.
By leveraging corporate performance management solutions, private equity firms can optimize their finance processes.
A plain-English explanation of the accounting for a business combination accompanied by detailed examples, illustrations and checklists.
On June 16, 2016, the FASB issued its long-awaited new standard on credit losses, namely Accounting Standards Update (ASU) 2016-13, <i>Financial ...
Gain insightful knowledge and understanding of recent standards, developments and practice issues related to financial instruments.
The financial reporting resource center - leases, provides insightful knowledge on matters related to leasing.
A summary of how providers of business and professional services may be affected by the new guidance in ASC 606.
A white paper about how entities in the not-for-profit industry may be affected by the new revenue recognition guidance in ASC 606.
A white paper about how entities in the technology industry may be affected by the new revenue guidance in ASC 606.
A summary of how entities in the insurance industry may be affected by the new revenue recognition guidance upon its adoption.
Learn more about the key elements of the FASB’s new financial statement presentation requirements for not-for-profits.
A white paper that details new guidance in ASC 606, including scope, core principle, key steps, transition methods and effective dates.
Evaluation discovers royalty process errors for large consumer products company’s licensee, and makes suggestions to increase accuracy and revenue.
As construction fraud increases, know warning signs and implement measures to protect your organization and ensure projects deliver expected results.
A data breach can be very damaging for both government entities and constituents. Learn how to protect your organization and remain PCI DSS ...
We are frequently called in to meet with companies that are looking to outsource or co-source their tax function. For many, the decision to take ...
Business owners looking to transition ownership and reward employees may want to consider an employee stock ownership plan, or ESOP.
The District of Columbia has joined the growing movement towards putting an end to the “tampon tax” – a sales tax on tampons and other feminine ...
If your business is engaged in research and experimentation (R&E) activities, you can generally deduct related expenses. You may also qualify for ...
Effective Nov. 1, 2017, the District of Columbia Office of Tax and Revenue has revised the Qualified High Tech Company (QHTC) sales and use tax ...
The Work Opportunity Tax Credit (WOTC) offers employers a credit for a portion of the first-year wages of employees based on hours worked that were...
The physical presence nexus standard for sales and use tax purposes is alive and well despite recent criticism and calls for reform.
The IRS, Department of Labor and PBGC combine to offer regulatory relief for employee plans affected by Hurricane Harvey.
The amount of vacation, sick or personal leave that employees forgo for their employers to make a charitable contribution is not taxable.
The amount of vacation, sick or personal leave that employees forgo for their employers to make a charitable contribution is not taxable.
The research tax credit is a valuable tax savings opportunity. Ensure your business benefits by knowing the activity that may qualify.
Learn how RSM helped a construction client realize $338,000 in tax savings through a section 179D project.
New guidance updates begun construction dates and safe harbors for claiming renewable electricity production tax credit.
Mistaken ideas about the Work Opportunity Tax Credit keep many employers from realizing tax savings. Read about 5 myths here.
RSM's webcast on the transitional guidance under the tangible property regulations resulted in key takeaways for tax years 2013 and 2014.
The IRS has released the first of two revenue procedures providing automatic method changes to adopt the final tangible property regulations.
From evaluating the target to the right kind of deal to post-deal structure, tax affects international deal success.
Examination of your target company’s tax history and position should be a vital part of due diligence in any cross-border deal.
U.S. companies doing business in Canada need to understand the Canadian sales tax landscape and what it means for their business. Learn more here.
Determining U.S. reporting and tax obligations resulting from an individual’s foreign pension plans differs by plan and may be challenging.
The strengthening of the U.S. dollar can provide tax planning opportunities for U.S. multinationals with overseas operations.
An international accessories distributor finds themselves embroiled in a taxable income audit by the IRS.
Why is a current transfer pricing study critical? Our international tax team discusses important changes. Watch now.
Ideas and tax considerations for employers seeking to adopt an executive compensation plan for key employees.
The IRS released its annual retirement plan limitations for 2018 with few increases, while others remain the same.
The IRS released its annual retirement plan limitations for 2017 and, once again, many remain the same. Learn more here.
Even though the tax rules have not changed, a change in book recognition could create a change in the tax method of accounting.
A tax court case provides expanded deduction of geological and geophysical expenses for taxpayers that do not own oil and gas interests.
Retirees were entitled to relief from former employer for improper treatment of FICA tax on deferred compensation payments.
Experience and focus on details helped a client gain efficiency, improve processes and realize millions in tax savings on fixed assets.
Fixed asset management is an operational and tax requirement that is often overlooked as an area for improvement. What is your opportunity?
Fully-depreciated fixed assets can haunt your property taxes for years. Identify and fully dispense ghost assets to avoid excess taxation.
IRS released final guidance stating that a copy of the section 83(b) election does not need to be filed with taxpayer’s tax returns.
Employee benefit plans affected by Hurricane Irma may find regulatory relief provided by the IRS, Department of Labor and PBGC.
IRS expands favorable tax treatment provided to ID theft victims to include ID protection services provided to others before data breaches.
Partnerships that treat partners as W-2 employees may need to reassess their tax positions, including their employee benefit plans.
Under certain circumstances, multiemployer plans can suspend benefits, subject to an approved application and a participant vote.
IRS ends the five-year remedial amendment cycle for individually designed plans (e.g., ESOPs) and adopts changes for pre-approved plans.
The IRS issued a private letter ruling indicating that in some cases LLC units can qualify as employer securities for ESOP purposes.
Firms and individuals providing investment advice to an employee plan or an IRA may be investment fiduciaries.
New guidance under sections 409A and 457 would require employers to change certain standard practices to avoid adverse tax consequences.
Retirement plans affected by Hurricane Maria and the California wildfires may find regulatory relief provided by federal agencies.
RSM provides answers to some of the commonly asked questions regarding employee stock ownership plans (ESOPs).
The IRS has provided disaster relief, including retirement accounts, to the taxpayers affected by the wildfires in California.
Selling shareholders should review requirements and considerations to determine if they can benefit from tax deferral on a sale to an ESOP.
Taxpayers should consider the opportunities and benefits of applying the final regulations to current tax years.
The regulations include carried over and new guidance intended to aide in applying the final improvement rules on a facts and circumstances basis.
Recent IRS advice provides favorable results for restaurants regarding capitalizing costs to ending inventory under section 263A.
The tangible property regulations for acquisition and improvement costs provide opportunities to decrease or increase current year taxable income.
This article explores the parties involved and decision-making processes that occur when an ESOP owns a portion, or all, of a corporation.
Mezzanine recapitalization may provide a capital raising option for middle market businesses, but there are key conditions to consider.
ESOPs are a unique tool that can be valuable to selling shareholders, corporations and employees in a corporate succession plan.
Family attribution rules can cause complete corporate redemptions to be characterized as dividend distributions rather than exchanges.
Is your family office at higher risk for identity theft and cyberattacks? Learn how to improve data security for your family office.
Strategies to consider to meet your personal objectives without succumbing to frequently overlooked planning traps.
A global bakery was transitioning its U.S. tax department. A reverse income tax audit identifies industry-specific provision, cash refund opportunity.
Kimberly-Clark becomes the second MTC repeal challenge denied review by high court following Gillette in October.
Private equity companies have become inundated with state income tax issues as portfolio company investments have shifted to partnerships and LLCs.
Economic nexus provisions target financial institutions, vary by state and can trigger income or franchise tax filing responsibilities/
A growing workforce requires human resources, payroll and tax to work together. Learn risks and opportunities that come with new employees.
Every company makes purchases, so every company has sales and use tax decisions. Many misjudge their sales tax obligations in these 3 areas.
Economic sales and use tax nexus laws are gaining momentum as states make a direct challenge to traditional physical presence standards.
Some companies elect to not register or file sales tax despite establishing nexus in a state. Are the near-term savings worth the long-term risk?
Digital Marketing Associations (DMA) Colorado sales and use tax notice and information reporting saga ends in settlement.
A significant unclaimed property decision by a California court may indicate a refund opportunity for retailers. Are there opportunities elsewhere?
Retail taxpayers should take note of IRS guidance addressing the treatment of advertising allowances for purposes of section 199.
Rev. Proc. 2015-36 adds certain plans to the pre-approved program and extends the deadline for on-cycle defined benefit applications.
IRS says Obergefell same-sex marriage decision will have limited impact on tax-qualified retirement and other employee benefit plans.
The IRS released final regulations on the retail inventory method and an accompanying revenue procedure with guidance on adopting the new ...
The IRS allowed a late rollover from a trust to a spouse’s IRA because that spouse was the trustee and distressed from her husband’s death.
The decision to co-source the tax function is not simple. Answer these 3 questions to uncover a better approach to tax function efficiency.
Learn a straightforward six-step process to help U.S. multinationals address new IRS country-by-country reporting requirements.
Redesigning your tax department? Assess your current state first. These three questions will help direct you to optimal tax resource management.
Plan sponsors should regularly assess 401(k) plans to ensure they maximize employee account balances at a reasonable cost.
How RSM helped a joint venture receivables portfolio meet strict accounting and reporting needs through a sophisticated outsourced solution.
Learn how RSM helped Tavern in the Square concentrate on the core of their business with finance and accounting outsourcing.
Learn how RSM developed a finance and accounting solution to allow a renewable energy company to focus on growing its business globally.
Finance and accounting outsourcing decreases costs for transactional and strategic functions while enhancing processes and controls.
Ohio Department of Developmental Disabilities (DODD) implements Microsoft Dynamics CRM as the platform to develop the imagine system.
RSM helped the board of social services implement a Dynamics 365 enrollment solution with greater efficiency for constituents and employees.
The Boys & Girls Clubs of Boston implemented RSM's managed IT services for a safer and more effective technology platform.
Burlington County replaces an existing system to track IT support calls and manage projects from 29 county departments.
Knapp Schenck Insurance increased system reliability and depth of IT resources with the comprehensive RSM managed services platform.
RSM implemented a Microsoft Dynamics® solution for Lyons Magnus, strengthening the company’s visibility, efficiency and traceability.
After an unsuccessful implementation with another partner, FOCUS Brands chose RSM to continue its Microsoft Dynamics implementation.
By upgrading to a newer version of Dynamics AX with JunctionFB, they gained new functionality that improves their business management.
GSC was experiencing significant limitations with a 20 year old system. A Dynamics AX solution created process efficiencies that boosted ...
JunctionFB is integrated with 5 legacy H-E-B systems, including production floor control and attendee software.
Learn about the successes when Century Martial Arts implemented the Dynamics AX ERP platform with a custom-designed business intelligence system.
TricorBraun chose the Dynamics AX solution because it met all their stringent requirements and as a bonus, the cost of ownership was also attractive.
Peet's realized they could deploy Microsoft Dynamics relatively quickly with a comparatively low start-up cost with RSM.
Their Microsoft Dynamics AX solution brought as much of the company onto one system as possible without going through a lot of custom programming.
A state housing agency improves grant decision-making process by implementing a new scorecard process.
RSM helps Philabundance increase insight into member management data as well as improve network accessibility and reliability.
To improve their asset management strategy, a state agency partnered with RSM to develop a focused asset management function.
A university utilized RSM’s diverse services to implement an integrated technology platform, increasing automation, capacity and efficiency.
RSM for Life Sciences includes advanced functionality to drive growth and profitability for clinical trial operations:
RSM for Life Sciences includes advanced functionality to drive growth and profitability for contract manufacturing.
RSM for Life Sciences includes advanced functionality to drive growth and profitability for pharmaceutical manufacturing
RSM for Life Sciences includes advanced functionality to drive growth and profitability for medical device manufacturing.
RSM offers an ERP software solution designed to help life science companies make the most of their research investments.
Tie contracts to production, to costing, and invoicing. RSM’s solution provides real-time status updates.
RSM’s solution meets all your quality, traceability, manufacturing, inventory, finance, sales and compliance needs.
This is part two of a two-part series and covers the topics of investments in analytics, security and employee training.
The RSM team has experience working with cGMP Manufacturing and Part 11, single platform, outsourcing and contract manufacturing.
As retail companies implement plans to succeed in 2016, many revolve around leveraging new and emerging technologies.
Learn how real retail organizations leverage their ERP systems to help save money, increase efficiency and enhance shopping experiences.
As retailers seek to appeal to a more omnichannel customer base, they’re doing so by optimizing their online sales capability.
The value of e-commerce and database integration relates to your decision on deciding whether or not to invest in an ERP solution.
Industrial manufacturers focus on fostering customer relationships who expect their orders to receive priority and on-time completion.
RSM brings deep background in the consumer products market to our support of Dynamics CRM customers through system implementation and support.
RSM's Health and Human Services Case Management Accelerator for Microsoft Dynamics CRM is a powerful case management for state and county agencies.
RSM ERP software solution can help you manage multiple product lines and variants.
RSM delivers Dynamics AX ERP solutions that streamline operations and ensure cGMP, serialization and pricing compliance for life sciences.
RSM helped US Veterans Initiative transition to the cloud and stabilize their IT infrastructure. Watch the video to learn more.
Learn how manufacturers are using ERP systems to realize efficiencies and address the need for accurate and accessible business information.
The ins and outs of estate planning strategies and key provisions of the proposed regulations to section 2704 and how to prepare.
Join us for a revenue recognition workshop to get in-depth insights into the changes that ASC 606 will have for the construction industry.
Financial services organizations can increase efficiency by outsourcing technology, internal audit and internal investigation processes.
An overview of the latest developments on VAT, steps for addressing implementation and how organizations are getting ready.
This educational webcast will demonstrate a reporting solution that's compliant with the Affordable Care Act and your Dynamics GP system.
Cloud technologies continue to evolve and offer more complex solutions. Learn the benefits, philosophies and considerations behind each.
During this 60-minute webcast, RSM professionals explored various options to consider when preparing for business succession.
Join us for an informative webcast as we discuss what you can do now to prepare for changes in partnership audit rules in 2018.
Consumer products companies face immense pressure from cyber criminals; learn how new PCI DSS guidelines can help reduce the risk of a data breach.
Reducing your organization’s risk of a data breach through PCI compliance.
Medical facilities that accept payment cards are subject to PCI DSS guidelines, and must understand compliance requirements to increase security.
Join RSM on Nov. 30 as we share our insights on how the new revenue recognition standard (ASC 606) affects the technology industry.
RSM overviews recent guidance on the tangible property regulations and the effects on tax reporting to help ensure compliance is maintained.
A skilled labor shortage is driving employers to seek new ways to maximize their workforce while driving efficiencies through technology.
Our benefits team can assess the financial impact of the Affordable Care Act and help implement a customized ACA strategy for your company.
Nonqualified plans are often used as an important tool to attract and retain executives and other key talent.
Learn how proper strategy and implementation can help you realize all of the benefits of online lending.
The final tangible property regulations include several provisions that impact how banks account for costs related to tangible property.
It recently has come to our attention that some financing entities have entered into various residential mortgage loan purchase programs, which ...
To clarify the consolidation guidance for not-for-profit entities, the FASB recently issued a proposed ASU
Revocation of mark-to-market election is now allowed as an automatic change under Rev. Proc. 2015-14, with a five-year waiting period to re-elect.
Compensation arrangements for senior management of nonprofits should be reviewed regularly to ensure proper treatment for tax purposes.
Outsourcing strategies and their potential to support the success of your nonprofit organization. Learn how it can control cost and more.
Discover the benefits of finance and accounting outsourcing for nonprofit organizations.
This 12-part video series covers elements of revenue recognition important to Topic 606 implementation for public and private companies.
Consumers often expect discounts and choose gift cards for holiday spending. Retailers must consider the impact on corporate income and sales taxes.
An enterprise resource planning system for government contractors must integrate technology, people and processes.
Given the recent increase in audits, government contractors should be aware of their unclaimed property compliance obligations.
Learn how growing life sciences companies leverage finance and accounting outsourcing to enhance the finance function and focus on core competencies.
Today’s technologies offer nonprofits a much wider array of accounting software choices than previously available. But which package is best for ...
This article discusses six tax risks private equity firms should watch out for during due diligence.
Learn how RSM helps a private equity client through a fast-paced carve-out transition needing infrastructure and technology system renewal.
Sales and use tax is an area of risk not always given the attention it deserves by private equity deal-makers
Technology is at the core of businesses today. Companies wanting to achieve growth and manage risk must have a solid technology strategy.
If your company owns or leases energy-efficient commercial buildings, you may be eligible for a deduction for associated property costs.
Losses due to fraud in the construction industry are significant. But there are practices that can help with prevention and early detection.
There are opportunities for favorable capital gain treatment in phased real estate development projects.
Article on ESOP distributions, focusing on the detailed mechanics of the how, when and what value is used at the time of the sale.
A high-level overview of FASB's Financial Instruments project classification and measurement standard.
A summary of how financial institutions may be affected by the new revenue recognition guidance.
...Financial instruments Expected issuance of anticipated new standard on hedge accounting Revenue recognition Customer of operation services in...
This financial reporting resource center contains articles and related insights on business combinations accounting topics.
This financial reporting resource center contains articles and related insights on consolidations-related accounting topics.
This financial reporting resource center contains articles and related insights on debt-related accounting topics.
This financial reporting resource center contains articles and related insights on accounting topics related to equity.
Financial Resource center with insight articles and white papers devoted to statement presentation and disclosure for middle market.
This financial reporting resource center contains articles and related insights on goodwill and long-lived assets topics.
The following resources provide insightful knowledge related to private company standard setting and miscellaneous.
The Financial Reporting Resource Center, Revenue recognition, provides insightful knowledge related to revenue recognition.
Revenue recognition case study looking at best practices from General Dynamics’ ASC 606 early adoption and implementation.
Brief and basic answers to key questions about the new credit losses standard that highlight what you need to know and consider now.
A summary of the new principal vs. agent (i.e., gross vs.net) guidance in ASC 606 and how it differs from legacy GAAP
An overview of the new guidance in ASC 606 (as amended) and highlights of the fundamental changes ASC 606 will bring.
Information about finalized and pending changes to the new guidance in ASC 606, including the nature of those changes and their status.
Due to its complexity, preparing for and complying with ASC 606 may be more challenging than many companies realize.
In this recorded webcast, RSM’s accounting thought leaders discuss the guidance in Topic 606, Revenue from Contracts with Customers.
Learn how to identify and understand licensee red flags that could result in inconsistent royalty processes and potentially significant lost revenue.
Construction risk management services include implementing cost controls, auditing the invoicing process and ensuring processes follow industry ...
Royalty contract reviews help to identify and recover underpayments. Are you entitled to additional royalties? Contract RSM for a royalty contract ...
Our ERP professionals design ERP controls, identify optimal controls testing and monitor ERP controls to address “holes” in your system.
Our security controls monitoring tools quickly detect ERP segregation of duties conflicts, unrestricted access and SAP security vulnerabilites.
Our ERP risk advisory professionals bring years of specialized ERP security and controls experience to offer a customized approach to identifying ...
Our ERP implementation risk services professionals help you select an ERP vendor, assess your ERP program, and design and test controls.
Our risk advisory professionals have extensive experience with Oracle to help you manage your organization’s security and controls risk.
Our risk advisory professionals have extensive experience with SAP to help you manage your organization’s security and controls risk.
...An effective business continuity plan lets you resume operations quickly after a disaster. Not all events that bring organizations to their knees...
Our security and privacy specialists can identify an organization's IT risks, and provide tools for strengthening system controls.
RSM offers QSA-approved Payment Card Industry (PCI) compliance services to help organizations maintain compliance and avoid risk.
Find out how your organization will be impacted by the standard.
McGladrey’s Nomad Security Testing Appliances (Nomads) help protect your organization’s intellectual property and other sensitive data.
It is not uncommon for employers to experience issues in remitting amounts due for payroll taxes. Often, these issues go unnoticed by the employer ...
…and nobody knows what is on third. The Abbot and Costello skit was made well before e-commerce arrived, but its focus on confusion is an apt ...
The physical presence nexus standard adopted through Quill v. North Dakota has come under fire from the states and through U.S. Supreme Court dicta...
Recently, the Ohio Board of Tax Appeals issued a decision addressing the situsing of sales under the state’s Commercial Activity Tax (CAT). In ...
Tax-exempt investors deploy a considerable amount of capital to real estate funds as a way to diversify their portfolios. In many cases, income ...
It should be easy to know where you live, but for state personal income tax purposes, the question becomes “where are you domiciled?”
On Jan. 6, 2016, the Michigan Department of Treasury issued a notice to taxpayers conceding that the department’s stated policy in RAB 1999-5 is ...
S corporations that are adding shareholders have typically faced a challenge as they approach the 100-shareholder limit–change entities or reduce ...
In a new video, Ken Almand from RSM UK discusses the likely changes in tax policies in the United Kingdom and in the United States as a result of ...
The new Trump administration is garnering attention worldwide. Ken Almand, Head of Transfer Pricing at RSM UK, recently explored the possibilities ...
When determining the extent to which a shareholder in an S corporation or a partner in a partnership may benefit from the tax credit for qualified ...
Missouri and many other states provide reduced sales tax rates and exemptions for groceries that are not intended to apply to prepared food sold in...
A recent opinion by the Advocate General (AG) for the European Court of Justice (ECJ) opens the door for pharmaceutical companies to potentially ...
A May 2016 general information letter from the Colorado Department of Revenue aims to help businesses seeking guidance regarding the tax treatment ...
On May 11, 2016, the Tennessee Court of Appeals issued a decision holding that a retailer could not receive bad debt deductions for a third-party ...
S-corporations doing business in California and that have NRBIGs are required to apportion those gains to California. However, taxpayers and tax ...
A recent court case emphasizes that the burden of proof is on the taxpayer when it comes to claiming deductions. On May 17, 2016, the Texas ...
Employers seeking to attract and retain the best employees often turn to creative incentives around vacation and sick leave policies.
The federal tax code is notoriously complex, but a multi-state and local tax professional may find managing 51 state-level taxing jurisdiction and ...
Is your company a C corporation that may be undergoing a change in control? If so, you should be aware of the potential adverse tax consequences ...
Every day I meet with business leaders who are working hard to grow. Grow profits, grow margin, grow market share. Nearly every strategic decision ...
On May 4, 2017, the American Health Care Act (AHCA), which modifies the Affordable Care Act (ACA), was passed by the House of Representatives, but ...
Historically, some entities in the financial service industry could not utilize Connecticut’s “financial service company” apportionment because the...
Over the past decade, Congress has seen mobile workforce bills introduced in each session like clockwork. The intent of mobile workforce is to ...
If your business has investment properties or is a pass through entity serving as a conduit to passing through qualified rehabilitated expenditures...
The IRS recently issued an Action on Decision (AOD) with respect to Giant Eagle, Inc. v. Commissioner. The AOD provides that the government will ...
One of the standout changes enacted by Ohio's House Bill 49 was a new election to participate in the Ohio Department of Taxation’s central ...
Recently, the Minnesota Tax Court determined that the constitutional protection from unlawful search and seizure was not applicable to the actions ...
Taxpayers apportioning service income under the Washington B&O Tax must file a reconciliation form by October 31 annually to avoid penalty.
In recent years, there has been quite a lot of discussion among retailers and state and federal governments over state revenue losses stemming from...
Illinois' Invest in Kids Act provides favorable corporate and individual income tax credits for qualified contributions to scholarship granting ...
In 2015, Washington state made sweeping changes to its unclaimed property law and opened an amnesty program. Unclaimed property holders that did ...
Most commonly impacting drop-shipment transactions, “double throwback” of receipts to the sales factor refers to a scenario where a taxpayer is not...
In response to the devastation from Hurricane Harvey, the IRS, Texas and other states have provided guidance on extended filing deadlines. Texas ...
Employee demands for more flexible benefits programs increase compliance concerns. Understanding the tax ramifications is critical.
Executive compensation plans are key to attracting and retaining key employees, but proper planning is needed to avoid tax complications.
Employee stock ownership plans (ESOPs) can be an attractive option for middle market companies exploring exist strategies.
With both the IRS and DOL regulating 401(k) and other qualified retirement plans, employers should be aware of common compliance issues.
A detailed analysis is required to identify the often-overlooked research credit opportunities in the engineering and construction industries.
Taxing jurisdictions offer incentives ranging from tax credits to cash grants to stimulate capital investment. Learn how you can benefit.
Learn key items to keep in mind related to state and federal tax credits and incentives available to government contractors.
A guide for multinational corporations regarding country-by-country reporting questions and BEPS.
OECD issues two discussion drafts under the Base Erosion Profit Shifting (BEPS) project. Comments on both drafts are due by Sept. 5, 2016
Providing services electronically can trigger significant VAT collection and reporting in multiple jurisdictions.
Explore transfer pricing services for international or multistate companies to manage tax exposure and maximize business opportunities.
New IRS guidance on country-by-country (CbC) reporting highlights useful information and additional resources.
BEPS Action Item 13 provides new guidance for transfer pricing documentation and country-by-country reporting for US multinationals.
Updated UN transfer pricing manual means taxpayers should be wary of their transfer pricing positions, particularly in developing countries.
The IRS will process 2016 individual tax returns without health insurance information, but ACA penalties still apply.
Tax provision planning and compliance requires controlled processes. Our ASC 740 understands and applies best practices for your business.
Utilizing the optimal accounting methods can help maximize cash flow, manage effective tax rates and mitigate IRS examinations. Learn more.
The completed contract method of accounting may include overall community development expenses in determining the 95 percent threshold.
Taxpayers may now choose to account for gain or loss on money market fund investments based on periodic changes in net asset value.
The IRS issues Rev. Proc. 2017-33 providing additional guidance concerning section 179 and bonus depreciation issues.
While the concept of bonus depreciation is fairly simple, taxpayers should be aware of the complicated underlying rules.
IRS seeks input on proposed guidance for requesting accounting method changes in year that new financial accounting standards are adopted.
Banks have long recognized the tax advantages of BOLI, but may want to consider a new approach to policy selection and design.
This filing season brings many changes and unknowns that may cause taxpayers to revisit the question of filing an extension.
Our corporate tax team understands tax laws and how your tax team, process and technology must interact to achieve effective tax results.
Learn how RSM helped a pharmaceutical company realize better, timelier service through a tax outsourcing arrangement.
Revised Form 7004 instructions clarifies that a calendar year C corporation is eligible for an automatic six-month extension to Oct. 16.
Learn how RSM helped a manufacturing company realize better, timelier results through a tax outsourcing arrangement.
Tax Court rejects taxpayer’s claim of capital gain treatment for deposit forfeited by prospective buyer.
Tax Court concludes that use of intermediary company prevented shareholders from utilizing debt to claim pass-through losses.
Tribune Media ends dispute regarding its use of a leveraged partnership; new regulations targeting this transaction expected imminently.
Employee stock ownership plans can be attractive to business owners, employees and companies overall. Learn how each stakeholder benefits.
A new Chief Counsel Advice memorandum indicates that certain wellness programs do not provide the tax savings that promoters claim.
RSM lead tax professionals are ready to help you address your federal tax concerns whenever and wherever they arise.
New partnership audit rules introduced by the Bipartisan Budget Act of 2015 go into effect in 2018. Should you make an early election?
The Trump administration seeks to expand association health plans, short-term health insurance and health reimbursement accounts.
Is an S corporation entitled to an ordinary loss deduction when its subsidiary’s stock becomes worthless—the same as a C corporation?
Domestic pass-through entities await details of House tax bill on carried interest, tax rates and interest deductions.
The tax court concluded that constructive ownership rules cause deductions to be deferred until participant includes amount in income.
Defensible classification of fixed assets is important. Learn how our tax experts can help you turn business tangible property into an advantage.
Fixed assets require ongoing attention to improve cash flow and minimize overpayment. Learn about our fixed asset management services.
Cost segregation studies accelerate the depreciation of certain tangible property and can create opportunity to maximize operational cash flow.
Final repair regulations make a cost segregation study more important than ever.
Actions taken by the IN Department of Revenue blur lines when apportioning services receipts, creating potential traps and opportunities.
Taxpayers should understand the benefits of incorporating prior to a sale to an ESOP, as well as the risks inherent in such a transaction.
The final tangible property regulations offer clarity, yet compliance can be complicated. Let RSM evaluate how the regulations apply to your business.
The tax reform legislative process was formally kicked off Nov. 2, 2017, with the release of H.R. 1, the Tax Cuts and Jobs Act.
FinCEN extends filing deadline for certain individuals to file the Report of Foreign Bank and Financial Accounts.
The IRS issued a warning that fake emails containing a tax bill in connection with the Affordable Care Act were emailed by scammers.
The IRS will begin sending letters to S corporation shareholders who claimed flow-through losses as soon as late October.
When you're executing a merger, acquisition, disposition or restructuring, you need sophisticated tax advice on the transaction.
Learn about and review the wide range of tax services RSM offers to help you protect and maximize your transactions.
...With offices in nearly 100 cities nationwide, our tax professionals are close to your business. Find U.S. Office Locations Our Global Locations...
Regulations extend triggering of tax to companies related to the spin-off parties.
The proposed regulations increase flexibility in recognizing dispositions of MACRS assets that may reduce the need for general asset account ...
Planning for and managing through a business succession means thoughtfully and objectively answering three important questions. Learn more.
Business transition planning can mean weighing competing, and often conflicting, options. Learn what to focus on to ensure a smooth exit.
Learn how assessing your business’ structure, planning and communication channels can realign you for a more strategic and strong future.
RSM’s wealth transfer planning strategies are developed by seasoned professionals. Learn how we can enhance your Private Client planning.
Repealing the estate tax but keeping the gift tax will complicate wealth transfer planning. But there are ways to avoid big mistakes.
IRS clears the way for combining a qualified terminable interest property with portability in nontaxable estates.
Family offices can streamline operations to gain efficiency across many strategic areas, including tax planning, accounting and bill pay.
A governance strategy allows for formalized decision-making in the family office. Learn why governance is essential.
Does your family require help with your growing tax and wealth planning needs? Learn why cohesive planning is important for family offices.
Are you leveraging key technologies to improve the finance and accounting functions of your family office? Learn more.
Get a quick summary of our recent webcast exploring three options a business owner can consider when selling their business.
Arizona Gov. Doug Ducey completes action on all legislation passed this session, including a number of tax bills.
The budget increases personal and corporate tax rates, makes tax exemption and credit changes and revises the unclaimed property law.
Learn how a rapidly growing company reduced sales tax assessments and refunds by more than 90 percent through automation.
Income and franchise taxes can be a significant portion of overall tax exposure for a business operating in multiple states.
2016 combined annual filing of the San Francisco Gross Receipts Tax and Payroll Expense Tax is due on Feb. 28, 2017.
Arizona governor signs legislation conforming to federal partnership audit changes as enacted by the Bipartisan Budget Act of 2015.
FTB advises individuals that they are not allowed a credit against individual tax for Revised Texas Franchise Tax paid.
Analyzing recent FTB guidance on determining whether a taxpayer can take a credit or deduction for taxes “paid” to another state.
Tax Tribunal affirms on rehearing that the rule calculating the taxes paid to other states credit was contrary to the authorizing statute.
Colorado department responds to taxpayer’s request in determining LLC filing responsibilities.
Michigan Supreme Court IBM decision sets precedent that may allow certain taxpayers to claim full refunds of the modified gross receipts tax.
Department of Revenue Services provides guidance on recent legislative apportionment changes to the state business tax and income tax.
For California purposes, section 382 applies on a pre-apportionment basis, RBIGs, NUBIGs, RBILs and NUBILs on a post-apportionment basis.
Colorado trial court rules that a holding company with no property or payroll of its own could not be included in its parent’s combined group.
District of Columbia adopts second round of emergency legislation necessary to preserve 2016 reduced franchise tax rate.
Mobile workforce legislation passes the House for the second time in a year, but still must make significant progress in the Senate.
Indiana Department of Revenue accepts taxpayer’s transfer pricing study on appeal, citing two recent tax court decisions.
Revenue raisers will impact individuals and pass-through entities; many are retroactive to the beginning of 2017.
Comptroller’s general information webpage provides important reminders and changes to 2016 tax year forms for the 2017 tax filing season.
California biotech firm sees larger corporate tax bill after Massachusetts high court determination that it was engaged in manufacturing.
Minnesota Tax Court rules taxpayer may include income and apportionment factors of foreign disregarded entity in its return.
Department provides guidance to taxpayers affected by LaBelle Management decision, gives retroactive effect for all open tax years.
Michigan enacts amendments ending flow-through entity withholding for tax years beginning on or after July 1, 2016.
Commissioner prohibited from applying alternative apportionment after failing to show statutory formula did not reflect Minnesota income.
Mississippi legislation phases out the franchise tax and phases in a personal income tax exemption on the first $5,000 of taxable income.
A number of MTC model provisions adopted including sourcing of sales other than tangible personal property and alternative apportionment.
New York Tribunal holds taxpayers can file combined returns solely because combination is necessary to avoid distortion.
Maryland’s complex rules for net operating losses subject taxpayers to a high risk of error. Is an overhaul of the system in order?
Gov. Christie signs pharmacy-related legislation offsetting budget deficits and reinstating reciprocity scheduled to end on Dec. 31, 2016.
Supreme Court of Ohio rules the state lacks jurisdiction to tax a nonresident individual on income from the sale of a pass-through interest.
Parties enter into settlement agreement shortly before a petition to the U.S. Supreme Court was due, ending the litigation.
South Carolina Department of Revenue issues revenue ruling addressing nexus creating activities for income tax purposes.
New Jersey Tax Court rules that a taxpayer was required to add back related party interest expense because addback was not unreasonable.
Texas comptroller proposes retroactive rule amendments to narrow the application of the reduced retailer/wholesaler franchise tax rate.
Tennessee enacts Hall income tax and sales tax rate reductions, gas tax increases, single-sales factor election for manufacturers.
Minnesota passes tax bill enacting numerous changes to the individual income tax, corporate business tax, and sales and use tax.
New Hampshire bills repeal the ‘phantom tax,’ conform to the Code, and increase the capital expenditures depreciation deduction.
Manage sales and use tax compliance through effective procedures and experienced support.
Alabama’s economic sales and use tax nexus regulation providing substantial nexus to remote retailers receives its first challenge.