Insights Gallery

The Qualified Business Income Tax Deduction

By Johnson & Sheldon | June 17, 2021

The Qualified Business Income (QBI) Deduction can reduce an individual's tax liability on pass-through income by as much as 20% of taxable business income from the entity. Here's a great 3-minute video to find out more.

Benefits of outsourcing for nonprofits: FAQs

By RSM US LLP | June 7, 2021

The benefits of outsourcing for nonprofits comes with many questions. Learn what nonprofits should consider when outsourcing.

Budget Reconciliation: A Potential Path for President Biden’s Plans

By Johnson & Sheldon | May 25, 2021

President Biden has proposed the American Jobs Plan and the American Families Plan, but a closely divided senate makes it challenging to turn these bills into law. In this video, we'll discuss the budget reconciliation process as a possible path.

The American Families Plan

By Johnson & Sheldon | May 2, 2021

On April 28, 2021, President Biden introduced the American Families Plan, a $1.8 trillion spending plan that includes tax increases on high-income taxpayers to help offset its costs. In this video, we will quickly cover potential changes to the tax law that, if enacted, may affect you and your family.

Tax Strategies for Real Estate Owners

By Johnson & Sheldon | April 27, 2021

In addition to appreciation and income generation, rental real estate can provide many tax benefits. In this video, we will cover some of the more attractive tax strategies for real estate owners.

Benefits to Attract and Retain Employees

By Johnson & Sheldon | April 6, 2021

Attracting and retaining great employees can be very challenging. While compensation is certainly important, your employee benefits package can be a powerful force in an employee’s decision. In this video, we cover benefits to help attract and retain great employees.

The American Rescue Plan Act of 2021

By Johnson & Sheldon | March 15, 2021

On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021 into law to help address the impact of the coronavirus pandemic. In this video, we will cover the major features for both businesses and individuals of the $1.9 trillion plan.

CAA, 2021: Changes to Paid Sick Leave and FSAs

By Johnson & Sheldon | February 16, 2021

The Consolidated Appropriations Act, 2021 was signed into law late last year, and in this video, we will discuss how the Act affected paid sick and family leave as well as flexible spending accounts.

Expansion of the Employee Retention Tax Credit

By Johnson & Sheldon | February 3, 2021

The Consolidated Appropriations Act, 2021 made significant changes to the Employee Retention Tax Credit by extending relief to a greater number of employers and increasing the overall tax benefit. In this video, we will provide an overview of the changes and how they apply for the 2020 and 2021 tax years.

What You Need To Know About Form 1099-NEC

By Johnson & Sheldon | January 19, 2021

In 2020, the IRS introduced Form 1099-NEC for reporting nonemployee compensation. Learn about Form 1099-NEC and how it differs from Form 1099-MISC.

2020 Year-End Tax Planning for Businesses

By Johnson & Sheldon | November 17, 2020

As the end of the year approaches, it is important to consider strategies to lower your tax liabilities for 2020. In this video, we'll cover strategies that may help you reduce taxes on business income.

2020 Year-End Tax Planning for Individuals

By Johnson & Sheldon | November 17, 2020

As the end of the year approaches, it is important to consider strategies to lower your tax liabilities for 2020. In this video, we'll cover ten strategies that may help in reducing your tax bill.

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