Ideas & Insights

RSM submits Comment Letter seeking clarity on interaction of the employee retention tax credit and required disallowance for wage expense.

The Employee Retention Credit provides liquidity benefits for many businesses and was significantly expanded for 2020 and 2021.

Stimulus legislation extends through 2021 the 100% of AGI deduction for itemizers and availability of a deduction for non-itemizers.

Tax bills provide Paycheck Protection Program conformity and revise pass-through entity election for s corporations.

Biden-Harris administration announces changes to PPP including a 14-day exclusive access period for businesses with fewer than 20 employees.

Colorado enacts law restoring certain deductions related the to the CARES Act for both business and individual taxpayers.

The paycheck protection program (PPP) combined with the Employee Retention Credit (ERC) can help middle market companies achieve liquidity.

Employers can add flexibility to their health flexible spending accounts and dependent care assistance programs per Notice 2021-15.

The legislation significantly changes the corporate tax system and exempts certain COVID-19 relief from taxation.

Information on the instant asset write-off and tax loss carryback measures in Australia with potential tax savings for clients.

Devaluation caused by the pandemic may turn your company into a PFIC. However, there may be ways to mitigate tax costs.

A consequence of COVID-19 reductions is potential partial plan termination. Learn the requirements of a partial plan termination.

While 2021 may turn into a feeding frenzy for private equity, longer-term investors can remain as selective as they’ve always been.

Matt Talcoff, RSM partner and national industry tax leader, and GrowthTV discuss the tax issues family offices should consider in 2021.

RSM and the Association of Corporate Growth discuss the use of technology to enable remote work during a pandemic and the risks to consider.

Electing employers may withhold income tax from employee wages as if the wages were earned from work performed at a primary work location.

The OECD’s guidance illustrates how the pandemic may impact arm’s length results, including lower profits and even losses.

Plan sponsor actions to incorporate the provisions of the SECURE and CARES Acts into their plan documents and plan administration.

States may not allow the gross income tax exclusion provided by the federal program, resulting in taxable discharge of indebtedness income.

Employers impacted by COVID-19 may be eligible for payroll tax credits and deferrals reportable on their quarterly payroll tax returns.