RSM US LLP

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

Private equity deal activity is on pace for its best year on record, and deal activity in the middle market leads the way.

A discussion on the IRS concern with non-filers and what can be done to mitigate the risk is provided in this article.

Rev. Proc. 2021-33 allows exclusion of PPP, restaurant revitalization and shuttered venue operator grants from ERTC gross receipts test.

Notice 2021-49 provides answers on previously uncertain issues and addresses changes implemented in the American Rescue Plan Act.

The American Rescue Plan Act of 2021 (Act) enacted in March contained many tax provisions, including a payroll tax credit for COVID-related paid leave provided to employees in 2021.

Small Business Administration, in light of lawsuit, notifies PPP lenders that loan necessity questionnaire is withdrawn.

The changes reduce the number of brackets, provide for future rate reductions and establish a rate cap for high-earners.

Arizona budget proposals reduce rates, keep the flat tax alive for future years, and provide a rate cap for high earners.

Notice 2021-42 provides guidance for cash payments from foregone vacation, sick or personal leave made by employers to charities.

The Treasury just released a report proposing how cryptocurrency compliance will contribute to funding the $80 billion IRS overhaul.

Lingering questions about the timing of President Biden’s potential tax changes, including retroactivity, could soon be answered.