Exclusive Access Period Coming to PPP; Other Changes Forthcoming
Biden-Harris administration announces changes to PPP including a 14-day exclusive access period for businesses with fewer than 20 employees.
Deciphering the Latest DFARS Interim Rule
The DoD has updated its DFARS rules from the existing clause to three new clauses to allow enforcement of CMMC for DoD contracts.
IRS Issues Guidance on 401(k) and 403(b) Plans
IRS guidance on the 15% maximum on automatic contributions, 401(k) and 403(b) plan safe harbor requirements and plan loan offset rollovers. Source: RSM US LLP.
Recent tax court case details substantial rights related to R&D Credit
The case explains the IRS' view of the requirements to establish substantial rights for work performed under contract for the R&D credit.
How nonprofits can better leverage data to drive mission impact
Utilizing data as a tool to drive greater efficiency and better decision-making in your nonprofit organization.
2020 State and Local Tax Legislative Recap
State tax planning opportunities to consider in light of COVID-19, the resulting economic crisis and evolving tax laws and regulations.
Navigating a Troubled Hotel Market
RSM speaks with InnFACT Advisors about what the hotel market looks like in the current pandemic environment. Read the interview here.
Exempt Organization Inflation Adjusted Items for 2021
Rev. Proc. 2020-45 provides annual inflation adjustments for more than 60 tax provisions, including those affecting exempt organizations. (authored by RSM US LLP)
SBA Publishes Loan Necessity Questionnaire for PPP Borrowers
Borrowers (and affiliates) that have PPP Loans of $2 million or greater should be prepared to provide additional information to SBA. (authored by RSM US LLP)
Nine research and development tax credit myths costing you money
Misconceptions about the federal research and development tax credit leave many companies paying more tax than required.