Cyberthreats and the rise of SOC 2
According to the 2023 RSM US Middle Market Business Index Cybersecurity Special Report, companies today face more frequent and sophisticated cybersecurity threats than ever before.
GILTI: An Overview
US citizens and tax residents who have formed — or are considering forming — a corporation in a foreign country may be impacted by global intangible low-taxed income (GILTI). The tax implications and considerations are complex. Understanding GILTI is important for making informed decisions for yourself and your business structure.
Nonprofit Advertising and Sponsorship Rules
Nonprofits can run into issues when they accept advertising or sponsorship dollars if they don’t know the rules of unrelated business income tax. Knowing the difference between the two scenarios can help to minimize or manage tax liability.
2023 Updates to Meals and Entertainment Tax Deductions
The rules for deducting meal and entertainment expenses are different in 2023. Browse an overview of common deductible expenses in this article.
FTC Issues Consumer Alert on Franchising Myths for Potential Investors
The FTC recently issued a consumer alert on the five most troubling myths about investing in a new franchise. Potential franchise investors should consider these myths when evaluating potential investments.
Common risks and opportunities audit committees should consider
With the right investment, an internal audit can do much more than just prepare your organization for an external audit, acquisition or public offering.
Virginia Businesses Employing More Than 25 Employees Now Have Three Options
On July 1, 2023, more than 8,000 Virginia employers will receive a notice about RetirePath, a state-sponsored retirement program. Employers will need to register by February 2024, offer their own plan, or pay a per-employee fine.
Pass-through entity elections are here to stay: What you need to know
Pass-through entity elections are creating tax planning complexity. This article explains what you need to know and what you should do next.
Using Retirement Plan Trusts to Protect Inherited Assets
Retirement plan trusts can be an excellent tax planning tool when passing on accumulated wealth to the next generation. Here’s how they work.
Wayfair turns five: A coming of age story
With so many questions remaining five years after Wayfair, sales and use tax nexus planning remains critically important.