The new Lease Accounting Standard is complex and requires organizations that have U.S. GAAP reporting requirements to analyze all their leases.
Senate Finance Committee Build Back Better language largely leaves House Bill unchanged. SALT language omitted as well as billionaires’ tax.
Under the BBB Act, only the 50% gain exclusion would be available to taxpayers that sell QSBS. How would this affect their tax liability?
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.
In response to the allowance of the SALT deduction at the entity level, most states including Idaho, Oregon, and California passed legislation to allow elective PTE tax.
Employers need to react quickly to the new guidance to pay in amounts as if they were incurred on Dec. 31, 2021.
RSM’s policy and national tax teams give insight on how the Build Back Better Act will affect family offices and higher income individuals.
Snarled supply chains and the spread of the delta variant combined to reduce the MMBI to 129.7 in the final quarter of the year.