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The Real Economy: December 2021

The Real Economy: December 2021

Nearly two years into the pandemic, there are signs that the worst of a once-in-a-century shock to the global economy is beginning to fade.
IRS releases guidance on Q4 removal of employee retention credit

IRS releases guidance on Q4 removal of employee retention credit

Employers need to react quickly to the new guidance to pay in amounts as if they were incurred on Dec. 31, 2021.
Valuing Your Business

Valuing Your Business

A business valuation helps to determine the fair market value of a company and may be needed for a variety of reasons such as buying or selling a business, transferring equity, developing an estate plan or purchasing insurance. In this video, we'll cover why you might need a valuation and the common methodologies used to determine value.
Tax Implications of the Infrastructure Act

Tax Implications of the Infrastructure Act

On November 15, 2021, President Biden signed the Infrastructure Investment and Jobs Act into law. In this video, we will cover three tax-related provisions that may affect you and your business.
House passes infrastructure legislation; sends bill to President Biden

House passes infrastructure legislation; sends bill to President Biden

Bipartisan infrastructure bill passes House with bipartisan vote. President Biden expected to sign by end of next week.
2021 year-end tax considerations for businesses

2021 year-end tax considerations for businesses

This RSM US, LLP year-end planning guide reflects the tax considerations and developments that we believe may create risk or opportunity for businesses in 2021 and beyond. It is not an exhaustive list of all tax issues that may affect your business, but it is designed to help you make informed decisions related to year-end tax planning.
President Biden signs American Rescue Plan Act of 2021

President Biden signs American Rescue Plan Act of 2021

$1.9 trillion COVID-19 relief plan with broad individual relief and new coronavirus-related funding enacted into law.
House Bill limits losses of real estate pro’s and other active losses

House Bill limits losses of real estate pro’s and other active losses

Proposed Excess Business Loss limits could hurt real estate pro’s, others with active losses, including cash losses.
Build Back Better Act – What is in and what is out?

Build Back Better Act – What is in and what is out?

After intense negotiations, some provisions were eliminated while others were rewritten in an effort to appease all Democratic members.
Nonqualified deferred compensation plans and payroll tax withholding

Nonqualified deferred compensation plans and payroll tax withholding

One of the most common issues overlooked by employers relates to the special timing rule in section 3121(v)(2).
SBA Enhances the Economic Injury Disaster Loan Program

SBA Enhances the Economic Injury Disaster Loan Program

The SBA has modified and enhanced the Economic Injury Disaster Loan (EIDL) program to expand both eligibility and program benefits. In this video, we'll quickly cover the changes and how they might help you and your business.
The ripple effect of supply shortages

The ripple effect of supply shortages

Fragile global supply chains are facing another round of port closures, factory shutdowns, production halts and labor shortages.
Family offices and tax changes: Considerations from the House proposal

Family offices and tax changes: Considerations from the House proposal

Family offices affected by income and transfer tax increases on individuals, estates and trusts proposed by House Ways and Means Committee.
House proposed changes – What should wealthy individuals consider?

House proposed changes – What should wealthy individuals consider?

What are the proposed tax changes affecting individual taxpayers and what should you consider today to limit your exposure to these changes?
House Ways and Means Committee Proposed Tax Changes

House Ways and Means Committee Proposed Tax Changes

The House of Representatives Ways and Means Committee recently released draft legislation that would increase taxes to help pay for the proposed $3.5 trillion spending package. In this video, we briefly cover some of the more important proposed tax changes.
House Ways and Means releases reconciliation tax payfors

House Ways and Means releases reconciliation tax payfors

House Ways and Means issues its discussion draft amendment with revenue items to offset $3.5 trillion spending package.