United States

Will changing tax rules affect your business?

Understand the potential impact of tax reform on business growth plans

RESOURCE CENTER

From a major federal tax overhaul to specific state and local tax law changes, government entities are constantly adjusting the tax landscape for businesses. Further, both President Trump and the House Republicans believe that tax reform is essential if the U.S. economy is to increase its rate of growth. Expect tax reform to be a central focus of the new Congress and Administration in 2017.  

As a business leader, you need to be aware of what is happening and what may happen to the taxation of your business. When the rules are constantly changing, that can be difficult. We stay on top of changes – and potential changes – so that you can plan your business strategy accordingly.

U.S. TAX REFORM

Timing of tax reform

Timing of tax reform

While the process is notoriously fluid and unpredictable, it appears it will likely be late 2017 before we have final tax reform legislation.

  • February 23, 2017

The House Tax Reform Blueprint: What would the building inspector say?

RSM Principal Don Susswein explores the potential impact of the domestic proposals found in the House GOP Tax Reform Blueprint.

  • February 23, 2017
House tax reform plan includes new

House tax reform plan includes new "border adjustment" proposal

As 2017 begins, and a new Congress and president are sworn in, a comprehensive tax overhaul appears to be near the top of the legislative agenda. Key to the House GOP’s tax proposal is a move towards a destination-based tax, where income from goods and services are taxed based on where they are consumed, as opposed to where they are produced.

  • February 07, 2017
Final and temporary regulations tweak dividend equivalent tax regime

Final and temporary regulations tweak dividend equivalent tax regime

Regulations make technical changes to section 871(m) withholding rule but questions about legal effect remain in light of regulation freeze.

  • January 30, 2017
What will President Trump's tax policy mean for transfer pricing?

What will President Trump's tax policy mean for transfer pricing?

The new Trump administration is garnering attention worldwide. Ken Almand, Head of Transfer Pricing at RSM UK, recently explored the possibilities for new U.S. corporate tax rates under President Trump’s administration and whether multinationals will rush to review their tax strategies and transfer pricing in the United States.

  • January 26, 2017
Trump administration halts federal rulemaking including tax rules

Trump administration halts federal rulemaking including tax rules

Regulations submitted but not published in the Federal Register are to be withdrawn; published but not yet effective regulations are delayed.

  • January 25, 2017

Border Adjusted Tax proposals may impact exporters and importers

A new destination-based tax regime may be part of increasingly likely comprehensive tax overhaul, but details remain unclear.

  • January 17, 2017
What infrastructure investment means for the middle market

What infrastructure investment means for the middle market

It is far past time to repair how we travel, communicate, conduct commerce and provide energy to our communities.

  • January 12, 2017

8 tax questions US companies should consider before expanding overseas

Doing business overseas may trigger unexpected tax consequences, but careful planning can help mitigate the tax bite.

  • December 22, 2016

On the horizon: Tax reform

Expecting tax reform to become a reality, some companies and individuals may want to take action before 2016 ends.

  • December 08, 2016

Tax reform likely to occur early next year

Expect tax reform to be a central focus of the new Congress and new administration in early 2017. Here is a look at what could be coming.

  • November 28, 2016
Election impact on tax policy

Election impact on tax policy

President-elect Trump and the House Republicans believe that tax reform is essential. Expect tax reform to be a central focus in early 2017.

  • November 10, 2016
INTERNATIONAL CONSIDERATIONS

Base Erosion and Profit Shifting (BEPS)

Stay current on international tax news surrounding BEPS compliance and implementation issues that impact multinational companies.

Brexit and the Middle Market

The Brexit decision will no doubt have far-reaching impact. Get the RSM perspective on the middle market here and abroad.

RECENT TAX ALERTS

Franchise tax did not apply to ownership interest in California LLC

Franchise tax did not apply to ownership interest in California LLC

FTB declines appeal of decision finding that 0.2 percent interest in a manager-managed LLC did not constitute ‘doing business’ in the state.

Minnesota revises instructions for partnership guaranteed payments

Minnesota revises instructions for partnership guaranteed payments

Partnership Form M3 requires allocation of guaranteed payments to Minnesota using the same apportionment used to allocate partnership income.

Timing of tax reform

Timing of tax reform

While the process is notoriously fluid and unpredictable, it appears it will likely be late 2017 before we have final tax reform legislation.


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