Insights Gallery

Protecting Your Finances During an Economic Downturn

By Johnson & Sheldon | February 2, 2023

Many economists are predicting that the US economy will experience a downturn, if not a recession, in 2023. A downturn can lead to job loss, reduced income, and financial insecurity. While it's impossible to predict the future with certainty, there are steps you can take to protect your finances during a downturn.

Incentivize Employees With Stock Appreciation Rights Instead of Equity

By Johnson & Sheldon | January 23, 2023

Many business owners want to incentivize and reward employees by tying their compensation to the company's performance. One way to do this is through stock options, but using stock appreciation rights might be a better solution.

A guide to business ownership

By RSM US LLP | January 17, 2023

RSM's experienced business owner tax advisors understand the business lifecycle from startup to business transition. We can point out potential blind spots, provide tips and lay out the best tax strategies to help ensure success.

FASB Proposes Changes to Lease Accounting Rules

By Johnson & Sheldon | December 22, 2022

The Financial Accounting Standards Board recently issued a proposed Accounting Standards Update for Leases (Topic 842). The update addresses related-party arrangements between entities under common control. This video provides an overview of the proposed changes.

When To Outsource Your Accounting

By Johnson & Sheldon | November 21, 2022

Thanks to the cloud and automation, outsourcing has never been a more viable option than it is today. Quite often, outsourcing can be more efficient and less expensive than hiring dedicated staff. In this video, we'll cover the benefits of outsourcing your accounting.

Five Steps to Recognizing Revenue in Financials

By Johnson & Sheldon | November 8, 2022

The FASB and IASB have provided standards for properly recognizing revenue in your financials. Using a five step process, companies recognize revenue based on the value and timing of when control of the goods and services are transferred to the customer. Learn about the standards and how to properly recognize revenue for your company.

What Is an S-Corp Election?

By Johnson & Sheldon | October 27, 2022

Business owners often struggle with determining the optimal legal structure and tax treatment for their business. This video will explain an S-Corp tax election and how it may benefit you and your business.

Expect More IRS Audits

By Johnson & Sheldon | October 18, 2022

The Inflation Reduction Act allocated $80 billion to the IRS for hiring additional personnel and improving processes and technology. Learn how this might affect future audit activity and how much time the IRS has to audit you.

How the Student Loan Debt Relief Plan works

By Johnson & Sheldon | September 23, 2022

President Biden announced a plan to extend the pause on student loan repayments and offer student loan forgiveness to millions of borrowers. Under the Student Loan Debt Relief Plan, eligible borrowers will have up to $20,000 of their student loans forgiven. Watch this video to learn more about the program.

The Clean Vehicle Tax Credit Program

By Johnson & Sheldon | August 26, 2022

The Inflation Reduction Act includes the Clean Vehicle Tax Credit program which provides tax credits for purchasing electric vehicles. Learn about the tax credits and limits on qualifications.

Research and Development Tax Credits

By Johnson & Sheldon | August 8, 2022

While most companies expense the cost of research and development activities, most fail to take advantage of the R&D tax credit. Learn how the tax credit works and what expenses qualify for it.

Overview and Benefits of a Stock Option Plan

By Johnson & Sheldon | July 21, 2022

A stock option plan can be used to align the interests of employees and shareholders, and attract and retain talented workers. This video will cover the basics of a stock option plan and how your company may benefit from having one.

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