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Two Estate Planning Strategies to Help Protect Wealth

Two Estate Planning Strategies to Help Protect Wealth

A goal of estate planning is to maximize the wealth that is passed on to one's heirs. In this video, we'll discuss how a Spousal Lifetime Access Trust and an Irrevocable Life Insurance Trust may help you minimize estate taxes and protect wealth.
The Key Functions of Your Nonprofit Board

The Key Functions of Your Nonprofit Board

Nonprofit board service can be as exhausting as it is rewarding. Whether you are on a board yourself, thinking about joining a board, or seeking to improve the one you sit on, here are three things that high-functioning nonprofit boards get right.
Major regulatory change on the horizon for financial institutions

Major regulatory change on the horizon for financial institutions

Major regulatory change is on the horizon for financial institutions, including new liquidity and capital requirement rules.
Resilient U.S. economy grows 4.9% in third quarter

Resilient U.S. economy grows 4.9% in third quarter

A resilient American economy continued to defy expectations by growing at a 4.9% pace in the third quarter because of one-time factors inside the consumption channel and because of sustained gains in U.S. labor dynamics and modest real income gains.
State and local tax year-end considerations in 2023

State and local tax year-end considerations in 2023

RSM's state and local tax year-end planning guide contains actions and ideas taxpayers should be thinking about.
Year-end tax planning guide for individuals

Year-end tax planning guide for individuals

RSM's 2023 year-end tax planning guide for individuals and business owners.
NLRB Decision May Affect Your Workplace Policies

NLRB Decision May Affect Your Workplace Policies

Discover how a recent decision by the National Labor Relations Board could reshape workplace policies and potentially impact your business. Learn more about Section 7 of the National Labor Relations Act and the NLRB decision means for employee rights and how it could affect your company's rules.
Essential Guidelines for Owner-Involved Business Loans

Essential Guidelines for Owner-Involved Business Loans

Learn the important considerations when loaning money to your business or borrowing from it to avoid legal and tax issues.
Falling jobless claims, existing home sales offer mixed economic picture

Falling jobless claims, existing home sales offer mixed economic picture

The mixed signals from Thursday's data on initial jobless claims and existing home sales added to an economic picture that resembles a soft landing.
What to do if you filed an employee retention credit claim with the IRS

What to do if you filed an employee retention credit claim with the IRS

ERC submissions are under scrutiny by the IRS due to a surge in questionable claims. Are you confident your claim meets the eligibility requirements and can stand up to a potential audit?
Determining Reasonable Compensation for S-Corp Owners

Determining Reasonable Compensation for S-Corp Owners

As an owner of an S-Corp, understanding the concept of reasonable compensation is crucial for tax planning and compliance. Learn about the IRS's reasonable compensation rules for determining how much should be taken in the form of wages versus pass-through income.
Why the Cost of Customer Acquisition Is So Important

Why the Cost of Customer Acquisition Is So Important

For any business, understanding and effectively managing the cost of customer acquisition is crucial for success. In this video, we'll explain what it is, how it's calculated, and how it affects a business's profitability, cash flow, and overall growth.
Estate planning after the sale of a business interest

Estate planning after the sale of a business interest

This article discusses estate planning and tax considerations after the sale of a business interest or other liquidity event, including common strategies to reduce estate tax and meet charitable giving goals.
Tax complexities don’t have to offset the benefits of open-end real estate funds

Tax complexities don’t have to offset the benefits of open-end real estate funds

Explaining the tax complexities associated with open-end real estate funds and how advanced digital applications can handle them.
U.S. July jobs report: Gradual and orderly cooling in the labor market

U.S. July jobs report: Gradual and orderly cooling in the labor market

The 187,000 net change in total employment and a 3.5% unemployment rate in July show cooling demand by firms as the economy grows near its 1.8% long-term trend.