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How to Take Advantage of the SALT Deduction Workaround

There is a new tax deduction available S-corporations and Partnerships to deduct for pass-through entity (PTE) withholding for its owners starting in 2022!  At KDP, we are focused on the legislative

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.

Tax policy update: How the Build Back Better Act affects individuals

RSM’s policy and national tax teams give insight on how the Build Back Better Act will affect family offices and higher income individuals.

RSM US Middle Market Business Index

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.

IRS releases guidance on timing of tax-exempt income for PPP loans

IRS releases Rev. Procs. 2021-48, 2021-49 and 2021-50 to address the treatment of tax-exempt income for PPP loans.

Competing priorities for auto suppliers as OEMs zero in on EVs

The automotive sector is navigating disruption and opportunity from EVs, and suppliers are adapting as this broader market shift continues.

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.

IRS releases 2022 retirement plan limitations

The IRS has released its annual cost-of-living adjustments for retirement plan limits, effective Jan. 1, 2022.

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.

The ripple effect of supply shortages

Fragile global supply chains are facing another round of port closures, factory shutdowns, production halts and labor shortages.

PPP forgiveness and expenses: State tax implications

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

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?