Insights Gallery

Tax obligations for household employees

By Johnson & Sheldon | April 21, 2025

Hiring household help, such as nannies or housekeepers, brings convenience but also labels you as an employer with specific tax duties. This guide will walk you through your responsibilities, from classifying workers correctly to navigating Social Security and unemployment taxes, ensuring a compliant and rewarding experience for both you and your employees.

IRS priorities may be shifting under new administration

By Johnson & Sheldon | April 17, 2025

IRS enforcement priorities are shifting, and the ripple effects could impact everything from high-income audits to payroll tax compliance. With workforce changes, funding rollbacks, and new leadership shaping the agency’s direction, taxpayers and advisors alike should be paying close attention. Read the full article to understand what’s changing—and what it could mean for your compliance strategy.

Estate Planning Q&A: Charitable split interest trusts explained

By RSM US LLP | April 14, 2025

Key differences, benefits, and strategic uses of charitable split interest trusts (CLAT, CLUT, CRAT, CRUT, NIMCRUT, FLIPCRUT and more).

How to optimize your business interest deductions

By Johnson & Sheldon | April 7, 2025

Discover how optimizing interest expense deductions under IRC §163(j) can significantly impact your business's cash flow and financial planning. From legislative changes brought by the TCJA and CARES Act to strategies for maximizing deductions, this article explores the complexities and opportunities within this evolving tax landscape. Stay ahead with insights into managing debt structures and preparing for future regulatory shifts.

1031 Exchanges: what qualifies and where investors get tripped up

By Johnson & Sheldon | April 3, 2025

Discover how 1031 exchanges can be a game-changer for real estate investors, offering a strategy to defer capital gains taxes while reinvesting in like-kind properties. This guide dives into the mechanics, eligibility, and potential pitfalls of executing a successful 1031 exchange.

Scale it or sell it: Determining the path for your privately owned business

By RSM US LLP | April 2, 2025

Position your business for success—whether scaling or selling. Don't miss key insights to maximize value and minimize risk. Register today!

Financial Blind Spots at Each Stage of the Business Lifecycle

By Johnson & Sheldon | April 1, 2025

Every stage of the business lifecycle comes with hidden financial risks—and most aren’t where you’d expect them. From early cash flow traps to overlooked succession planning, it’s easy to miss the warning signs until they’ve already impacted your bottom line. In this video, we break down the most common blind spots—and how to stay ahead of them.

Family Loans and Gifts: Avoiding a Tax Headache

By Johnson & Sheldon | March 31, 2025

When relatives lend or gift money, it can strengthen family bonds or lead to complications if not handled properly. This video explores the differences between gifts and loans in family finances, highlighting IRS guidelines and offering strategies to manage these transactions with minimal tax impact.

What happens next with the TCJA? Tax professionals are concerned

By Johnson & Sheldon | March 24, 2025

Tax professionals who have been in the business for several years know that the implementation of the Tax Cuts and Jobs Act (TCJA), P.L. 115-97, was time-consuming and stressful, so they are now concerned about what happens next since the act’s provisions are set to expire at the end of 2025, according to a report from Bloomberg Tax

BOI filing requirements for U.S. companies and persons removed

By Johnson & Sheldon | March 21, 2025

The government on Friday significantly narrowed the scope of beneficial ownership information (BOI) filing requirements to foreign entities only, formalizing a move the Treasury Department previewed earlier this month.

Estate planning in 2025: What you can do now

By RSM US LLP | March 18, 2025

Estate planning strategies for uncertainty. Proactively build flexibility into your plans. Secure your legacy amidst tax changes. Learn how now.

Common Beneficiary Mistakes That Can Wreck Your Estate Plan

By Johnson & Sheldon | March 5, 2025

Uncover common estate planning mistakes that could jeopardize your assets and learn how to avoid them. Find out why aligning beneficiary designations with your will or trust is vital and discover the benefits of setting up a trust to manage your assets effectively.

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