Insights Gallery

Personal guarantees: costly risk or tax leverage?

By Johnson & Sheldon | September 18, 2025

Banks want an extra layer of security for business loans, and a personal guarantee delivers it - but for partnership owners, there's a hidden tax advantage most overlook. This synthetic capital injection can turn a necessary business risk into meaningful tax leverage, provided you understand the mechanics and monitor the potential pitfalls.

Medicare: premiums, taxes, and surprise surcharges

By Johnson & Sheldon | September 16, 2025

Many people reach 65 expecting Medicare to replace their health insurance and ease budget pressures. But in reality, Medicare often adds a new layer of costs - monthly premiums, income-based surcharges, and potential late penalties that can last a lifetime. Read our article to avoid costly surprises later in retirement.

New IRS Electronic Payment Mandate Impacts FIRPTA Transactions

By Aprio | September 11, 2025

Aprio Insights on the New IRS Electronic Payment Mandate Impacts FIRPTA Transactions. Read the article.

The OBBB and ERC Audit Risk: Three Steps to Defending Your Claim

By Aprio | September 9, 2025

The OBBB Act made changes to the Employee Retention Credit (ERC) program by retroactively invalidating certain claims and extending the statute of limitations for an audit to six years.

Financial Survival Guide for Startups

By Johnson & Sheldon | September 8, 2025

Spending all your time delivering for clients and letting bookkeeping slide? In this quick guide, discover the simple systems that protect your finances as a new entrepreneur.

The Overlooked Importance of HR in Growing Businesses

By Johnson & Sheldon | September 8, 2025

For many small and midsize businesses, HR dysfunction isn't about negligence. It's about capacity. Most founders don't build their companies with an HR strategy in mind. Learn how to solve this problem with a fractional HR resource.

Attribution rules explained: how constructive ownership can affect your tax strategy

By Johnson & Sheldon | September 5, 2025

You may think you don't own a particular business interest, but the IRS might disagree. Under constructive ownership rules, the tax code can attribute ownership to you based on family relationships or entity structures. Understanding these rules before they impact your tax strategy is essential for business owners with family ties, trusts, or complex ownership structures.

Business meals and entertainment: A summary of tax deductions

By RSM US LLP | September 4, 2025

Tax deductions for meals and entertainment expenses are complex and includes analyzing rules, exceptions, and changes effective in 2026.

You’ve filed an S election – now what? A practical compliance checklist for new S corps

By Johnson & Sheldon | September 3, 2025

Making the jump to S-corporation status probably wasn't an impulse decision; you looked at your books, saw profits piling up well beyond the salary you pay yourself, and decided it was time to stop paying self-employment tax on every extra dollar. However, the S election is more than just a single signature on Form 2553; it introduces a new set of rules.

Critical updates on energy credits

By Johnson & Sheldon | September 2, 2025

The One Big Beautiful Bill Act (OBBBA) is changing the landscape of energy tax credits by accelerating expiration dates, leaving homeowners, businesses, and car buyers scrambling to capitalize on incentives for renewable energy and clean vehicles. This article covers several upcoming deadlines for anyone planning energy-efficient upgrades or investments.

Adapting to the OBBB: A Strategic Roadmap for Nonprofits

By Aprio | August 29, 2025

OBBB's tax law changes reshape nonprofit strategies, fundraising, and donor incentives. Learn key updates and how nonprofits can adapt.

Amended guidance for measuring credit losses on short-term receivables

By RSM US LLP | August 18, 2025

ASU 2025-05 provides a practical expedient for estimating expected credit losses on current accounts receivable and contract assets.

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We are clients of the RSM Professional Services+ Practice. As a client, we have access to the Professional Services+ Collaborative, a globally connected community that provides access to an ecosystem of capabilities, collaboration and camaraderie to help professional services firms grow and thrive in a rapidly changing business environment. As a participant in the PS+ Collaborative, we have the opportunity to interact and share best practices with other professional services firms across the U.S. and Canada.