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Business and professional services

Experienced professionals focused on the unique challenges you face

Changing economies, new accounting policies and evolving tax regulations mean that business and professional services (BPS) firms face an ever-changing business landscape. With more than 90 years of industry expertise, RSM has helped thousands of BPS firms to achieve their business objectives. Our clients include firms in a variety of service industries, including law, engineering, consulting and advertising, to name just a few.

From partnership taxation and transaction support to capital management and forensic accounting, we provide assurance, tax and consulting solutions that address your unique challenges. Experienced in serving clients with a local, national or international presence, and a number of diverse organizational structures, our professionals can help develop meaningful solutions for your business.

Recent Insights

More guidance issued on PPP repayment; retention credit interaction

TAX ALERT

More guidance issued on PPP repayment; retention credit interaction

SBA continues to issue guidance on PPP loan repayment criteria; however more loan forgiveness guidance is necessary.

Congress approves more funds for PPP; SBA issues additional guidance

TAX ALERT

Congress approves more funds for PPP; SBA issues additional guidance

Congress authorizes additional $310 billion for PPP; SBA issues additional eligibility guidance for hedge funds and private equity.

  • Rob Calafell, Justin Stallard, Ryan Corcoran
  • |
  • April 24, 2020
Carrying back consolidated net operating losses under the CARES Act

TAX ALERT

Carrying back consolidated net operating losses under the CARES Act

Corporate taxpayers filing a consolidated return have an added layer of rules to navigate when carrying back a net operating loss.

  • Nick Gruidl, Patrick Phillips, Tonya Williams
  • |
  • April 14, 2020
IRS extends the deadlines for certain tax credit filings

TAX ALERT

IRS extends the deadlines for certain tax credit filings

Recent guidance extends certain deadlines for LIHTC, WOTC, and Historic Rehabilitation tax credits because of COVID-19.

  • Tom Windram, Jared Boucher
  • |
  • April 10, 2020
IRS extends the timeline to invest in Qualified Opportunity Funds

TAX ALERT

IRS extends the timeline to invest in Qualified Opportunity Funds

Recent guidance provides that certain deadlines, including the allowable time to invest in a QOF, are now extended because of COVID-19.

  • Tom Windram, Jared Boucher
  • |
  • April 10, 2020
IRS extends time to file documents for accounting methods and periods

TAX ALERT

IRS extends time to file documents for accounting methods and periods

The IRS issued guidance extending the time for taxpayers to file certain Form 3115s and Form 1128s to July 15, 2020.

  • Christian Wood, John Charin
  • |
  • April 10, 2020

How can we help you?

To discuss how our team can help your business, contact us by phone 800.274.3978 or



Contact

Dan Whelan
National Practice Leader
410.246.9124



Upcoming events

RECORDED WEBCAST

Trending risk concerns for business leaders in 2020

Join RSM to obtain insights on the trending risk topics for 2020 and how they may affect your business and industry.

  • John Brackett, Bob Herman, Charles Barley, Jr.
  • |
  • February 12, 2020